Alan Greenspan on Brexit, U.S. Economy, and Inflation (Full Interview)

June 27 -- Former Federal Reserve Chairman Alan Greenspan discusses fallout the U.K.'s Brexit referendum, U.S. economic growth, wage and economic stagnation, central banks, low productivity, and his call for inflation in the U.S. economy. He speaks with Bloomberg's Michael McKee and Tom Keene on "Bloomberg ‹GO›."
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[@nervclax7458]

If only we'd listened to Greenspan, we could have avoided the housing bubble and subsequent global financial crisis. Oh, wait...

[@Scameron44]

lol ....hes a fucking clown

[@ncimq]

You're actually the clown.

[@ncimq]

maddox gladio Stop

[@sab2871]

+Nerv ClaX GREENBEANS SAW THE HOUSING CRISIS WAY BACK IN THE VOLKER YEARS OF REAGAN EVEN BUSH AND FOR THAT MATTER WHEN CARTER WAS IN , THE MAN HAS BEEN AROUND FOR DECADES, HE IS A RAT OF THE LEFT ,A TRAITOR ! THE HOUSING CRISIS HAS BEEN BREWING SINCE COMMUNIST FDR GAVE US THE NEW DEAL , THE FEDERAL HOME LOAN MORTAGE AUTHORITY / AGENCY , FANNIE MAE AND KENNEDY /LBJ'S GINNIE MAE , IT WAS A SET UP AND NO ONE HAS A DAMN CLUE , THEY ARE JUST STANDING AROUND WITH THEIR JOHNSON'S IN THEIR HANDS , WONDERING WHEN THEY'LL GET THAT URGE TO TAKE A PISS , ALL WHILE THEY HAVE THEIR FINGERS UP THEIR REAR ENDS !! WE HAVE ALL BEEN SOLD OUT AND CAPITALISM HAS BEEN THE TARGET OF IT ALL , THE LEFT , THE MONARCHIES OF EUROPA CAN GIVE A DAMN ABOUT OUR LIVES AND THE RATS WE HAVE THAT HAVE STABBED US IN THE BACK , THEY CARE LESS, CHAOS BREEDS OPPORTUNITY FOR THEM ! MORE CONTROL AND BRAINWASHING . THE USA AS IT EXISTS IS A THREAT TO ALL THESE AUTHORITARIANS , EGALITARIANS , STATISTS , TOTALITARIANS !! GREENBEANS IS A RAT AS BUSH WAS , HIS FATHER , GRANDFATHER , THEY' RE OPPERATIVES AS THE KENNEDYS ARE, PURE SUBVERSIVES OF THE LEFT !! BROWN BROTHERS HARRIMAN WAS A BANK THAT SUPPORTED HITLER , CITBANK GAVE MONEY TO THE COMMUNISTS, THE ENTIRE WAR AS WWI WAS A SIMPLE GAF, WAYS TO CAUSE US TO INCUR DEBT , LOSE LIFE AND CHANGE US WITH FEAR , TAXATION AND REFUGEES !

[@spyjohnson2]

You must be joking? He was a major govt player that caused the mortgage meltdown. Get the facts dummy.

[@pprocon]

I’m so tired of the amount of disrespect Alan get nowadays. This man, with a well-regarded reputation, in his 80s, honestly admitted he was wrong and didn’t foresaw the financial crisis in front of the whole world. The amount of courage that takes is formidable. I bet none of you would’ve done the same. Others, the greedy bankers and consumers, corporate heads, regulators who actually caused the crisis were lying, making excuses, pointing fingers. Only Alan, disregarded the legacy he has built for eight decades out of nothing, was brave enough to take responsibility and tell the truth. Great respect! Dr. Greenspan. You’ve taught me the greatest character!

[@franskuiper4741]

Leaving the EU is only the first step. The final solution is to get rid of all Central Bankers.

[@MrMac5150]

TRUE

[@KatchouroBlade]

He represents everything I could possibly hate in a 'human being'.

[@Scameron44]

Hes a fuckin reptile

[@hokuto9978]

unfortunately he is righ , the euro is up only why and because the Dollars requires markets... the euro zone is dead area... it is dead politics... it is that future... the euro is regime where they think everything is going naturally good, but the onlye vision matererally is the way to extract the truth , not good enough for the global system, ... just a transiction for system...

[@rentonwilloughby302]

Zionist Jews killed Jesus Christ! and Boy is His Dad ever mad, and has YET to retaliate! but that day is coming .. 2017 seems to be the year. Greenspan already looks like he received KARMA, either that, or someone dumped battery acid on his deformed frog-looking face!

[@lebotonton]

Taré

[@aguafria9565]

Let me guess what that is, Intelligence?

[@georgiecasey]

10 years ago this guy's reputation was exemplary. I remember the circlejerk when he released his book. Crazy how much things have changed.

[@cartoonphilosopher2577]

Most great men are hated when they are in office, but beloved later; while the corrupt and worthless failures in office are loved in the present, but hated and despised once they leave.

[@manthasagittarius1]

Mmm. How do you account for the recent Reagan hagiography? Stomach-turning, to be frank.

[@manthasagittarius1]

David Frigault Sorry . . . the comment isn't addressed, you're right. That was for CartoonPhilosopher., but if it's relevant, please add whatever you like.

[@maddoxgladio]

,,, and more comments on "reptilian predatory banking",, Needless to say, the blathering that ,,,, has nothing to do ,,, AND with the Fed’s so-called dual mandate. It’s sole PURPOSE & impact has been to flood the canyons of Wall Street =CRIME STREET= CRIME SYNDICATE with zero cost carry trades and endless cheap debt for corporate financial engineering and other leveraged speculations ENABLING the "reptilian predatory banking class" to suck the LIFEBLOOD OUT OF EVERYONE ELSE !

[@thescowlingschnauzer]

33:22 "Bubbles per se are not toxic." That's the most Greenspan thing I've ever heard.

[@antonohaodha1846]

methane is

[@bottomboil63]

Bubbles are bit toxic for him, that's how he makes his money, evil old twat.

[@CGoody564]

thescowlingschnauzer they aren't; the collapse of the bubble is what causes adverse effects. the bubble itself benefits everyone Involved in the industry up until the person holding said property when the collapse happens. replace the word bubble with rapid increase in perceived value, and he makes complete sense.

[@malthus101]

It's an interesting point though - couldn't it be the case, that a bubble is in fact nothing more than price discovery on a massive scale?

[@StarvingPoet]

Yes let's keep asking the opinions of the man who's influential policies helped tank the economy...

[@mattytripps]

I can barely listen to this because of the squealing audio

[@armv7-m603]

how is he not dead yet..

[@rock3tcatU233]

He drinks the blood of blonde Aryan children to stay alive.

[@JoeyFiveandDimes]

He's a fucking zombie.

[@richardhines8622]

Mr. Burns in the flesh.

[@JoeyFiveandDimes]

richard Hines HAHA ! I just commented on another video that Dump is Mr. Burns, and so will select a sycophant 'Smithers'; for his VP pick !

[@mojiotroci1]

The evil keeps him alive.

[@stevenalibaster1490]

The globalists are afraid.

[@walperstyle]

People will lose unsustainable jobs pensions and false security sooner than later, when it is really bad.

[@walperstyle]

The scary thing is socialist are trying to give more power to the government, when in fact that is the problem.

[@Jsmithyy]

true socialists need to return to the vegie patch do they not?

[@walperstyle]

No, I don't want them ruining my vegetables either!

[@Jsmithyy]

me too nasturshem flowers are good to eat as well

[@Juliocyp]

My one rule in life: what Greenspan says; do the very opposite.

[@Thegamingnerds]

What's this? A rich banker saying leaving the EU is bad? That is exactly why leaving was a good idea. Down with the elites. The honest hard working person has been shit on for far too long now. We want some of that wealth, we want to hold on to our freedom and democracy. Down with the EU!!!

[@olansato]

so rudely interrupted by Tom on minutes 18-19 when started talking about gold. unacceptable

[@franskuiper4741]

If interest rates are kept lower than GDP it leads to excessive borrowing, misallocation of capital and speculative investing. Greenspan, Bernanke and Yellen are directly responsible for the economic disaster now unfolding. It is my belief that these intelligent people knew exactly what they were doing.

[@joemarino3910]

i agree. they know what they're doing and they know what will eventually happen. intelligent people like this are usually the cause of all ruin. as a vengeful person, i'd hope they and their families suffer most when TSHTF.

[@myronhelton4441]

LET ME GIVE YOU SHEEPLE CAR WORSHIPPERS SOME ADVICE, PUT OFF BUYING A HOUSE OR CAR UNTIL NOVEMBER, BECAUSE YOU'LL BE ABLE TO BUY A CAR OR HOUSE FOR HALF THE PRICE, IF YOU'RE LUCKY ENOUGH TO STILL HAVE A JOB. I agree with you on too low interest causing too much debt. People cant afford a $30,000 home that will last a long time, but they afford a new $30,000 car that rusts instantly, because the car interest is lower than a house interest. Low interest will make people buy new cars like crazy, thus car dealers will jack the price. Sheeple will sign the dotted line for 100 years on a car. I think right now the car companies have already stockpiled new cars for the fall. But fall will fall! Everyone has a new car already, who in hell will buy a new car. So cars on the lot wont sell, leading to layoffs in the car business. When the car people are laid off, they wont buy food, so stores will lay off. So how are all these people layed off going to pay for their car. Thats why the stock market will crash in October. Bankrupties will rise for taxpayers to foot the bill. Then one can buy a repossessed car or house for nothing. Here is a good thing about the upcoming depression. There will be no temp jobs, the temps will be all laid off. But here is the problem. Temps pay cuts goes toward a fulltime workers pay. If there is no temps, then how is a fulltime worker going to be paid?

[@normanoro206]

Greenspan's great. He can still communicate in a way that demystifies things that some might prefer remain clouded. His explanation of negative interest rates is a case in point; and it's a shame they ran out of time before he could finish really going into it. The spread between different financial instruments (he used yields on Italian debt vs Swiss debt as an example) really is a driver in these weird rates. He was the chairman for a reason and it's crystal-clear why. He knows his stuff, is extremely intelligent and loves facts (statistics, economic data, historical events, etc). This is the kind of person you want making calls on the US economy; and the United States was fortunate to have had him serve in that capacity.

[@twhelostl61]

March of 2020 the DJIA briefly dropped below 20,000. End of December 2021 topped at 36,000. December of 2023 cresting at 37,600. Previously in September 2022 at 28,700. September 2024 at 40,800. For 2 yrs the Index was crawling sideways. While inflation was rampant. What would Alan G say about that?

[@benz500r]

Mr. Greenspan is a very smart and knowledgeable man. He knows when to admit guilt and when to keep him mouth shut.

[@gregparrott]

To Bloomberg: This is a good program. But, why was the audio poor? And why, when switching to a radio talk show was it necessary to wear headsets? In this day and age, talk shows with good audio quality can be conducted without need for headsets, let alone such bulky ones.

[@jamesmilton8765]

Considering the mess he helped cause in the US with deregulation, the UK citizens would prefer him to keep out of UK politics.

[@terryconder3917]

Think it was the congress and the senate that deregulated not the federal reserve they dont have that power.

[@corvaire1872]

Classic Greenspan.. _"I don't know what to do, here's what you do"_ :O(-

[@CorvaireWind]

The global catastrophe was directly created by his "recommendations." Anything that comes out of his mouth is only advice for the 1%.

[@CorvaireWind]

Who?

[@CorvaireWind]

Obviously you're a moron. More than 1% of the world has internet access. Besides that, just because one has access to the internet, does not mean they have not gone without food and shelter at times in their lives. I'm sure you've never had to battle the elements or faced starvation or you wouldn't be attempting your bullsh!t. Fnck off elitist. :O|-

[@CorvaireWind]

Speak for yourself *****

[@CorvaireWind]

And you're full of sh!t. stfu idiot

[@DavidGreybeard]

Bloomberg: Mr. Greenspan what do you think about dog bones? Greenspan: Ah! Well you know they are... rawhide.... Bloomberg: Fantastic! Next question.

[@jram0001]

this country needs to take control over our federal reserve and kick out this dirty bankers

[@Carvin0]

I would have thought Greenspan's credibility is well and truly defunct by now.

[@conegallery]

Where's the leadership.. in the US???.. Hell, Bernie Sanders has been on top of this issue for decades! Wake F-ing Up!

[@JasonCWaite]

Googled "Is Alan Greenspan Jewish" ... & it stated Greenspan is a popular US Jewish surname. Also, that his dad was a Romanian Jew. Guess that clears it up. Nothing against Jews, but it's important to know who owns the "Federal" "Reserve".

[@RonShenkar]

what point are you trying to make here? Yes, he is Jewish. Does that automatically make him a reptilian-nazi-UFO-launcher-cat-licker enemy of the state or something? why do people automatically assume the worst when it comes to these guys? Also, riddle me this... how is *one guy in the federal reserve being Jewish* translate to *Jews own the federal reserve*? you think there are no Christians working there?

[@RonShenkar]

Sam Sadleir that's the joke.

[@JasonCWaite]

***** I have nothing against Jews. In fact I respect their business/investing acumen, & also how they stick together. VERY respectable. Also, I'm an investor & capitalist myself. Furthers thing from a SJW. Specifically, I'm an AnarchoCapitalist. ... If I could ask you: don't make assumptions about people without know the truth. Instead ask question. I hope that helps you in your personal life. For whatever it's worth. Good luck.

[@ogarzabello]

Yes, is an intergalactic reptilian Jew financial conspiracy, don’t forget to wear your tin hat to protect yourself from the evil cosmic rays.

[@Osckarre]

HAHAHA Ron "reptilian-nazi-UFO-launcher-cat-licker enemy of the state"

[@CyberspacedLoner]

his real name should be Alan Greenspam

[@islandbee]

Very interesting. I think now that Alan Greenspan is older now and is no longer with The Fed, he seems (dare I say) more honest and true to his original ideas before joining The Fed. I may have to listen to this interview again, because he was saying some very interesting stuff in regards to Gross Savings. I loved it when the topic of gold came up and they basically cut that topic short when Greenspan asked the question, "Why do central banks own gold now?" 9:09

[@islandbee]

David Frigault This is true. Senility has made him more honest.

[@islandbee]

David Frigault Even though he held the position as the Chairman of The Fed, I think a lot pressure was put on him to do what he did ala the Greenspan put. It's a shame that he could not freely incorporate the philosophies that held true to when he wrote his Gold and Economic Freedom paper in 1966. We probably would be living in a different world today.

[@islandbee]

David Frigault I think if we would have returned to a gold standard, we would have been much more prosperous. As long as the planet Earth is a closed economic system, gold is the best money in mankind's history. Being put on a gold standard puts the "golden handcuffs" on governments from overspending. You don't have the gold, then you can't spend anymore. And since nobody can create gold out of thin air today, it is still a superior money over fiat money. And then along came Bitcoin. An absolute game changer in value transfer today.

[@hanss.1579]

just a small correction: The "gold" question came on 19:09.

[@islandbee]

Hans X. Yes. Thank you! :)

[@abbasa.8898]

He represents evil bankers

[@RG-xv9dn]

Can anyone guide me to the answers of a few simple questions: 1. What was the initial purpose of setting up the EU in the beginning? 2. What has changed in the political and economical atmosphere in the EU to warrant Britain want to separate?

[@misterm1336]

In my humble opinion, Greenspan is wrong. In saying Scotland will leave UK. The might wish to do that, but first of all the need a new referendum on to stay in UK or leave. They've had 1 two years ago, one more? And then one more? Plus, we now know Sturgeon has been and returned from Brussels empty handed.

[@thomasbrooklyn1820]

Please process your videos with more volume. Some laptops and phones have poor speakers.

[@minyoung10]

Thumbs Up to Bloomberg's Tom Keene and Michael McKee on conducting a very well structured Interview with Mr. Greenspan. Unfortunately, Thumbs Down to the substance of Greenspan's commentary, which really does not advance the debate at all. Ton of talk, no solutions.

[@aidancampbell5644]

To quote Alan Greenspan from one of his answers before the US congress, his "understanding of global economic forces is fundamentally flawed". He did not just "experience" a rapidly deteriorating current account deficit, he had a hand in creating one. Why anyone would be asking his economic opinion on anything after the admissions he was forced to make to the US senate is beyond me.

[@terryconder3917]

Greenspan has always talked about the deficit, under Clinton he talked the president into taking steps to reduce the debt are to not add to it. And yes it worked.

[@PedramShokati]

Does this guy have any credibility left? What a waste of time interviewing him. At least he was decent enough to admit there are fundamental flaws in the way in which he views the market and the world.

[@stinkleaf]

18:38 - Notice he cited the last real golden age of economy was between 1870 and 1913 during the gold standard. BEFORE the Federal Reserve Act.

[@aazzz7862]

Alan Greenspan is much more reasonable at 90 years old than he was at 70 years old when he helped create the current Global economic depression.

[@dominicfastbender4029]

he is perfectly capable of making extreme statements in an effort to devalue stocks he can move in on.

[@treyquattro]

this video would be about 5 minutes long if Greenspan could string two thoughts together. I have to keep backing up because by the time he's got to the point I've forgotten what question he's answering!

[@thishandledoesntexist]

Am I having a having tinnitus symptoms or the audio is just terrible?

[@blakelee2913]

who else is not American here and thought it was Rupert Murdoch?

[@Realroyrogers]

He said on more than one occasion the Banks lending money knowingly to people whom they knew couldn't pay them back was something he NEVER thought the banks would do. but the banks did do it and didn't pay for it. the consumer payed for it

[@robertcoe7949]

Are you still here? Not for long i wager.

[@rick91443]

I like this man and his views. I REALLY wanted not to like him, American, living in Europe for most of my adult like(so not afraid of "socialist" ideas and "all that,) but I really like his thinking and analysis...rr

[@NIPSZ]

About time somebody from the FED admits inflation!! How can't anybody but Greenspan see this inflation? Why won't anybody else admit inflation?

[@kalbertine]

try trading Euros at farmers market rural Italy and not the Lira. They laughted at you. "they all said no" pay in Liras or no sale. Micro-economies in poorer countries have been forced by Brussels to ignore a culture that was intact and working for 1000's of years. There were 2 price tags on all products like clothing. I asked myself - what is happening here.

[@matterantimatter5179]

You can hate the guy all you want but he helped design the Matrix so he knows what he's talking about. The problem is he's more concerned about the few and not the many.

[@Rob-fx2dw]

The dire consequences of the present situation are summed up by the folowing:- If the money supply is going up at 6 to 7% then it must result in inflation unless productivity is on the rise at the same rate. The history of the last 80 years shows this relationship to be the case. The only reasonable conclusion is that it must happen.

[@karaoke.memphis]

Your audience understood "let him go slowly spoken"

[@kali_xxx]

"you've lived through economic meltdowns before" bitch please, I caused them.

[@get2rog]

America (or should I say Bloomberg?) you embarrass yourselves using this guy who is basing all of his "speculative" opinions on a time when Gordon Brown, the "war criminal "Blair puppet" was in power. The current UK climate compared to then is night and day, which can also be said for the EU. No disrespect to the old gent but you wouldn't ask a CEO of a company that had left that company a decade or so before to give you advice on company policies based on the current climate. Not if you're smart anyway. Listening further on, this guy is clueless. The current state of Greece is because of the EU. The "downfall" came about when Greece accepted the Euro currency. What people seem to have forgotten is that the EU parliament put a lot of pressure on countries to accept the currency and fed a lot of lies and subtle threats during the process. A single currency will have a positive or negative effect based on the countries economy and trading hence the downfall of Greece. He speaks as though they are some insidious cancer that cheated their way into the EU. I take back that respect in reference to this and say he shouldn't be sourced as an advisor period.

[@mattg4183]

The downfall of Greece is not down to the EU/Eurozone. Greece came into the Euro with a high level of sovereign debt, once the 2008/2009 global financial downturn hit, Greece came out stating their Sovereign Debt was far greater than they had thought and they were in serious trouble; which required a serious bailout and severe austerity measures. Had the full extent of Greek debt been understood, they more than likely would not have been allowed into Eurozone in the first place.

[@VonCoco1944]

Matthew - In reality, the Greeks, conspiring with Goldman Sachs, blatantly lied about their financial position in order to join the EU. Of course the EU were more than willing to go along with this lie because of their megalomaniacal obsession to continue to expand the European community at any and all costs to further the ambition to establish The United States of Europe and emerge the most powerful political and economic block in the world. Naturally, this doomed project will fail at some point.

[@Scameron44]

that's a true story..... Greece falsified there numbers

[@zid00001]

It's Troy all over again! Beware Greeks bearing gifts.

[@get2rog]

Ah OK that makes sense as to why he was so harsh re: cutting Greece loose and why Greece crashed so hard and as to why people are saying it's better for Greece to be cut loose. I still think the Euro is a flawed monetary system benefitting some, detrimental to others. I'm not great on politics (ADHD can be a pain at times when trying to make sense of something) but even so I think it's difficult to glean the actual truth and facts with all the scaremongering and fabrication coming from all sides, especially leading up to the referendum. I've spent many hours trying to make sense of it all in order to make the most sensible choice in this referendum. Considering how the political stage has descended into extreme underhand tactics and slanderous accusations (nothing new there) to the point that politicians don't even bother to pretend that they care for the wellbeing of their respective nations so I made the right choice and that was to leave. I think that was justified with the announcement to go ahead with this "superstate agenda" with plans to assigning all governing power to Brussels. Maybe for me personally and the final sway on my decision is my personal experience of knowing what it is to live in a country that governs itself and the importance of a nations voting power to uphold a democratic system. Is it flawed? yes, but once that governance is made unaccountable to the people it governs democracy is lost and as history has shown fascism starts to emerge. My speculation now is that bankers will manipulate the economies and trade and blame it on BREXIT but over time things will pan out after a lengthy and potentially roughish ride. We still have much to offer that benefits the EU. N.B. i won't delete my original comment for the purpose of dialogue and clarification, specifically your response but I stand corrected and thanks for the clarification.

[@Osckarre]

Good stuff!

[@courcheval]

Isnt it the guy that started the global financial bubbles spree?

[@charlescarter9600]

this is the same gordon brown who sold off half the british gold just befor it soared in price

[@missska9206]

Pensioners are desperate and you do not know why 22:05 ? Might have something to do with keeping interest rate close to 0 for over 10 years ....

[@GAR9BALDI]

Oh come on. Greenspan belongs on Saturday Night Live he is so off the wall.

[@richierichBTC]

Great Audio!!! This shit is killing my ears!!! WOW !!! FIX THE AUDIO LESS TREBLE!!!

[@mattytripps]

why is the audio so high pitched

[@fugoff8588]

The EU is not a Free Trade Zone... It is a quasi-federalist supranational entity that happens to have a customs union and is controlled by Corporations and Jewish Bankers. The Euro was always a terrible idea because each country in it run at different speeds.

[@fabianhaglund5792]

How come he is given time on air when proven either so fundamentally wrong or so fundamentally notorious in lies, probably both actually. Anyhow, the question stands, what interest does Bloomberg see in putting him on?

[@alastairpeat2142]

I think he still thinks Blair & Brown are in power

[@AndyTurfer]

At current oil prices, Scotland would just be another Greece if it broke away from the UK. It's a socialist state that does not have population demographic to look after its ever increasing aging population. If the welfare state that is Scotland thinks that life will be better in the warm loving embrace of Dr. Schwalbe, then the Scots are in for a very rude shock (just look at Greece as an example).

[@greenspand]

He talks about the economy like it is a steam engine. Pull that lather to release some steam. My god how limited these old people are.

[@Clarkfamilyorchards]

That static is annoying.

[@ferjo3192]

the feedback in audio killed my brain

[@mattytripps]

"the first thing I would ask is what is the cause of the problem" then I would have all mirrors removed from the building

[@matthewrichardson828]

I find it ironic that he points out that Labor didn't do anything different after Thatcher. He claims to be a "gold-bug" but he really became a Keynesian once he sat at the head of the table.

[@latteboyssmile]

Greenspan said "Why Federal reserve only keep Gold only?" because the no reason to keeps gold,now,but announce r cut his conversation. Very unhonest way to cut.

[@edwardlewis1963]

terrible sound quality on this video.

[@AlternativeMediaJointCenter]

what caused all the problem has been his and people like him, also neoliberalism. Ask why less than 1% is as wealthy as half of population globally?!!!

[@wearewaves3106]

Entitlements a problem? No Mr Greenspan, not at all, we just need to withdraw the funds from all the offshore accounts from which the stolen money from the working class is currently residing.

[@LocalAutosOnline]

I just love how the former head of the Federal Reserve (Private Bank) admits that since 1913 (the creation of the Fed) the country has been on a downward cycle. Ending the Fed is the only way to solve the impending financial crisis. Every single fiat currency in the history of this world has failed (usually within 27 years). Many people do not know that the Roman empire collapsed when it went off the gold standard (fractional lending).

[@worldends2]

Alan Greenspan is the one percent

[@lucasluzzi]

Did Greenspan just became reasonable all of a sudden?

[@yogi2436]

When he talks about inflation I realize he is more ideology than science in all of this.

[@MrMac5150]

I agree, he has not shopped for groceries in 10 years, that's why dollar bread in now 4 bucks.

[@hyperplastic]

Let him finish his answers before you interrupt with the next question!

[@SometimesInnocent]

16:30 'When Scotland goes ...'

[@WhostolemyToastXX]

"why does CBs started to own Gold now" AG might be old, but he indeed is very smart, especially on Gold...

[@elhereje22]

Wow, how many disrespectful and argument less comments

[@imyriadfm_]

one of my favorite people..

[@MultiDeffender]

Well done to Britain, I hope that several EU countries will follow your example.

[@latteboyssmile]

Negatives interests not exist, long term debts move up and down,it was already break down in Switzerland before.

[@AckzaTV]

Trump might hire Greenspan as an advisor in order to look "Presidential" and Traditionalist with the economy

[@journeytothestars7]

Britain economy will be emerging market.

[@SometimesInnocent]

Greenspan's really cool

[@bestboy1057]

Why does this guy get air time.

[@sergiosergio12345678]

in reply to jram0001, the usa does not need to take control of the federal reserve, it needs to abolish the federal reserve, the federal reserve is about how to manipulate the economy and history has shown us that is a very bad idea that results in huge bubbles that eventually burst, it hurts savings, creates huge social unequality, taxes the people that want to save, and it is a violation of the constitutiin, it is much better to have a free economy, go back to a true gold standard or better yet use a digital currency simulating the gold standard that can not be easily manipulated.

[@peterwang5196]

Obviously I am not a Jew. I resent the fact that so many people who are always ready to point fingers at the Jews with baseless accusations framed by conspiracy theorists.

[@metparker]

Interest Interest Interest. Get rid of the interest go back on the gold standard and the economy will fix itself.

[@kalbertine]

less the hatred rants, I do agree that free trade among a large zone (Eurozone) was a great idea, but to impose a strict EU currency onto OECD countries (I had witnessed in Italy years ago) was a bad idea. And there is no parachute if the EU central bank falls apart.

[@benjamingoulet8059]

The people in the world who know anything about money in its current state have no faith in its value. That is the problem, so then we look at the derivatives market and the relationships between government, banks and the Fed and ask yourself, why am I paying through inflation bailouts for banks?

[@jgz2]

Crappy audio quality

[@jesselivermore2291]

its amazing the ppl who created this ww3 almost apocaliptic mess are now being asked what can we do? please mr greenspan tell us what to do to clean the shit you and your friends done tell us please...

[@jonathanwarner1844]

He's worried about lack of productivity and wage growth - but who do we have to thank for that? A bankocracy that has us competing to borrow ever more just to buy a place to live, and accepting influxes of cheap labour that encourage a low wage earning, low value added economy that leaves everyone on subsistence wage levels. How are you going to have a consumer society in those conditions? The only winners are bankers and rich capitalists, but once they have killed wealth creation - what will any of us have left? Now who is responsible for this situation? Incidentally, it's ironic that he is praising Gordon Brown and Tony Blair - it's enough to make a cat laugh.

[@MrMac5150]

*OVERPOPULATION IS THE PROBLEM*... *AN NO ONE ADDRESSES IT*.. The only people who gain from overpopulation is the stock market, and no one else.. People are losing quality of life.. sad. More people higher rents, higher taxes, higher health care, higher food cost..

[@spacekitt.n]

Why would anyone listen to Mr. Crash of 2008--alan GREEDspan, on anything?

[@riorio4759]

I have so many mixed feelings. I know he is so wrong in many ways and yet I see he was necessary. Although not necessary for me, more for his patrons and himself

[@1man1bike1road]

he asked about people working with shovels on a building site was told its for employment reasons, he said then give them spoons funny but nasty as fuck

[@saalocins]

sigh @ sound quality...

[@abdullahhakan1]

EU could have attracted university, masters, doctorate possessing alumnis willing to work from the environ countries and let them work in EU. But they told no all the time.This is called Japan, China, ASEAN,Swiss effects on EU economically.

[@WilliamDavies_web_developer]

no discussion of the massive imbalance of wealth as a cause for the global drop in living standards, merely sniping at "entitlements" i.e. taking MORE wealth from working people and using it to save the rich