|
2nd hand book arived before promised date and in immaculate condition.The truth about Greenspan and the Fed at last - the Fed since inception and in particular Greenspan have caused Americas demise. Must read to understand the destruction caused by the Fed's financial engineering and the effects on the American worker and middle class.
From stock market crashes, to savings & loan crises, to even the Y2K crisis, author William A. With the recent economic chaos, some blame undoubtedly falls on Alan Greenspan. "Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve" is an indictment of Greenspan's career as head of the Federal Reserve, revealing how his shoddy decision making may have ruined economics almost to a personal level for decades to come. Fleckenstein has a bone to pick with Greenspan and justifies his grudge quite well. "Greenspan's Bubbles" is well worth the read for a look at a larger picture surrounding the current economic crisis.
I am excited by a book like this because it makes things look bad enough to support putting the finishing touches on white supremacy in general. The idea that TV and news can relate what is going on in the world by looking to people who can have vast effects in ways that no sane person ever intended out to put the whole system on trial. A song by Lou Reed called "Mistrial" might be another way of looking at the effort to blame one person who kept interest rates low when that was all he could do to keep the stock market up, which was what most people really wanted.Percent changes in the meaning of money as the years go by bumped into the CPI when Alan Greenspan wanted to know why all these numbers he worked with can't mean something else, something that would be far better for the government in the future, something, then, which can be entirely fictitious for people like us who have a sense of monstrosity that allows just about anything to get spun. I like the obviously biased and blaming parts of this book best, but people who are looking for information they can use are living on the wrong planet.
for those interested, but suffice to say, this is a short read and a nice addition to anyones book shelf (physical and mental). If you have read Fleckenstein for as long as I have (a decade now), you know that he has talked of these issues for a very long time and as succintly laid out the ramifications of the Greenspan put and ignorance for a long time prior to it being actualized.As a professional trader and author, I can only agree with Fleck's thesis and I believe he has done a good job in both presentation and believability. For Fleckenstein, the insight into his ineptiutde began long before 2007 and I disagree with one short comment I read before writing this that the book is all about cashing in on the current crisis. If we are to not repeat historical mistakes, then someone must alert us to them. After all, he has used Greenspan's on speeches and Federal Reserve notes to weave together a realistic picture of what Greenspan must have been thinking while he guided the economy into the abyss. A full review is available on [.]. Fleck has done that rather convincingly.L.A. Little, Reviewer for TA Today
Facinating read and truly feel the author is true to his convictions and has tracked his subject to properly analyze "the truth".
|
