Jump to content
House Price Crash Forum
Darkman

Market Crisis 'will Happen Again' - Greenspan

Recommended Posts

Market crisis 'will happen again'

The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC.

"The crisis will happen again but it will be different," he told BBC Two's The Love of Money series.

He added that he had predicted the crash would come as a reaction to a long period of prosperity.

But while it may take time and be a difficult process, the global economy would eventually "get through it", Mr Greenspan added.

"They [financial crises] are all different, but they have one fundamental source," he said.

"That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue."

Speaking a year after the collapse of US investment bank Lehman Brothers, which was followed by a worldwide financial crisis and global recession, Mr Greenspan described the behaviour as "human nature".

http://news.bbc.co.uk/1/hi/business/8244600.stm

No surprises here then.... :rolleyes:

Share this post


Link to post
Share on other sites

this guy knows all about crises as he is the one who has fuelled the greatest ponzi finance scheme in all time (except perhaps pensions and health care funded by social security taxes)

he will go down in history as the worst central banker ever

he was a business lobbyist and politician's friend before he got the job

Share this post


Link to post
Share on other sites

Now Children, we got through the last crisis which is now consigned to history and we are now going to have another long period of prosperity before the next one.

It has been fascinating watching the steps in the propoganda, I think the have fast forward through the script a little too fast. The last couple of weeks has definitely been lets look at the crash as an historical event even though it is still unfolding. It will catch them out though when it blows up again in the next 6 months the sheeple will start seeing through the propoganda, then what will they do? They ran out of fiscal ideas in March which was when then agree on a global propoganda campaign.

Share this post


Link to post
Share on other sites

He has some nerve coming out in public with this crap.

If he had any decency he´d retire to his study with a bottle of whisky and a revolver.

Share this post


Link to post
Share on other sites

In fairness to him he did forewarn of some of the bubbles and excesses that led upto the current global recession/depression however that doesn't absolve him of his role in starting a number of thos fires in the 1st place!

Share this post


Link to post
Share on other sites
Now Children, we got through the last crisis which is now consigned to history and we are now going to have another long period of prosperity before the next one.

It has been fascinating watching the steps in the propoganda, I think the have fast forward through the script a little too fast. The last couple of weeks has definitely been lets look at the crash as an historical event even though it is still unfolding. It will catch them out though when it blows up again in the next 6 months the sheeple will start seeing through the propoganda, then what will they do? They ran out of fiscal ideas in March which was when then agree on a global propoganda campaign.

I wonder if some of the idiots believe the motto that you can talk yourself into a recession, the logical upside of this is that you can talk your way out of one.

However that doesn't alter the fundamentals.

I wonder how people would react if there where told the truth? Could they handle it?

I personally think people would just get on with it.

So Greenspan predicted all this did he? :rolleyes:

Share this post


Link to post
Share on other sites
Now Children, we got through the last crisis which is now consigned to history and we are now going to have another long period of prosperity before the next one.

It has been fascinating watching the steps in the propoganda, I think the have fast forward through the script a little too fast. The last couple of weeks has definitely been lets look at the crash as an historical event even though it is still unfolding. It will catch them out though when it blows up again in the next 6 months the sheeple will start seeing through the propoganda, then what will they do? They ran out of fiscal ideas in March which was when then agree on a global propoganda campaign.

that sounds very true,

anyway looks like HPC postponed until the taxpayer subsidies on otherwise defaulting mortgagors runs out and IRs go up, until then they have rigged the market with our taxpayer money and printed their way out of imminent disaster to push the disaster farther down the road. what will happen to property prices between now and the day the chickens come home to roost is anyone's guess because they have basically bought the game like a match fixer

Edited by loginandtonic

Share this post


Link to post
Share on other sites
The bankers knew that they were involved in an under-pricing of risk and that at some point a correction would be made," he said.

"I fear too many of them thought they would be able to spot the actual trigger point of the crisis in time to get out."

Greenspan admits the banksters were committing fraud.

He is saying so right there. Fraud against their shareholders and against the customers for their products.

Share this post


Link to post
Share on other sites

But isn't he right? People do forget so quickly, and greed kicks in again. And lets face it, it's a difficult thing to legislate against.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   289 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.