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Market Crisis 'will Happen Again' - Greenspan


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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:

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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

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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.

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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:

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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
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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.

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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