Welcome to Chris Brady's Blog

"The only way to be happy, is to give happy."

Recent Posts:

A 40 Year-Old Quote From Alan Greenspan – Buyer of Big Government Beware

March 15, 2009

Former Chairman of the Federal Reserve, Alan Greenspan, made an intersting quote some forty years ago. It is interesting because it is increasingly relevant today, and appears to indicate that Greenspan was aware of where his and the Fed's policies might/could lead us. As related by Richard J. Greene of Thunder Capital Management:

"In his own words, "In absence of the gold standard, there is no way to protect savings from confiscation of wealth. There is no safe store of value. Deficit spending is simply a scheme for confiscation of wealth." There it is. No one can say it better than the man himself, even if he said it 40 years ago. Well, this is exactly what is transpiring today. It is probably a good thing that Greenspan is of an advanced age; for when the masses understand what he has done, they may well call for his neck as has happened in ancient times to a central banker. Clearly, Greenspan has assisted the banks and the Government in confiscating the wealth and savings of the people." - – Richard J. Greene

Re-read that one particular part: "Deficit spending is simply a scheme for confiscation of wealth," then ask yourself what is going on in Washington right now.

And don't be misled by the term "wealth." In this sentence it doesn't mean what some politicians would like you to believe it means, namely: money that belongs to people richer and luckier than you, money for which if they had less of you'd have more. No, my friends. It means a transfer of the buying power of any dollar held by any person from out of their hands and into the pork-barrel government special-deal giveaway programs that are packed all throughout these new 'bailout programs.' It means they are taking your money out of your pocket without having to tax you for it.

Hey, don't take it from me. Greenspan himself said it!

Buyer of big government beware!

Posted in Current Affairs

12 responses to “A 40 Year-Old Quote From Alan Greenspan – Buyer of Big Government Beware”

walt bourdage

March 15, 2009

How did Rome fall again? I feel like if our nation keeps this up that we will get a first hand look.

LikeLike

Reply
Russ Rodriguez

March 15, 2009

Government seems to be able to break all the rules, perhaps because they can declare a state of emergency to subvert most written law and common sense. In a representative form of government, we elect officials to make our decisions for us, with little room for redress because “we asked for it.” However, there is a 4th train wreck that exacts it’s toll on those whose hunger for power trumps their love of serving the lord: the Spiritual Train Wreck. No other train wreck requires such long term vision as this spiritual one, which kinda sorta sounds like the Relationship one, but is that exclusive bond with our creator. Let’s all pray that these decision makers haven’t compromised their souls, and are merely incompetent fools whose ignorance is driving our country to the brink of destruction, rather than their hunger for personal gain.

LikeLike

Reply
Alpesh Shah

March 15, 2009

Chris,
Great post unfortunately Greenspan talked about the Gold Standard but unfortunately he never implemented it while he was at the Federal Reserve..
Great video from Ron Paul questioning Greenspan when he was at the Fed Reserve:
http://bit.ly/et1qA

LikeLike

Reply
Frank

March 15, 2009

This snowball is getting bigger and are “friends” in DC are calling our economic situation solid! Hmmm? AIG on the front page again for giving some 60 million dollars in bonuses to Executives and instead of saying it was a mistake their going to start stepping in even further into their world of business and tell them how to do this economic stimulating better because they’ve obviously read all the history books on the subject and are better prepared than those who made avoidable mistakes in the past and I’m sure once they’ve open that can of worms that will be the last time,right?
to be Frank about it.

LikeLike

Reply
KBH

March 15, 2009

Chris –
following Stephen Palmer’s (of Cause of Liberty) advice regarding contacting my local congressman about Ron Paul’s motion he recently introduced to rein in the Fed (or at least make it more transparent), I thought you’d enjoy a portion of Congressman Vernon Ehler’s reply to me:
Thank you for taking the time to contact me about the Federal Reserve (Fed). I appreciate knowing your thoughts.
The Fed was created by Congress in 1913 as an independent federal agency to serve as the central bank for the United States. The primary role of the Fed is to formulate the monetary policy for the U.S., which includes increasing and decreasing the money supply and controlling interest rates to achieve a healthy economic picture for the entire country. By doing this, the Fed is able to alter the availability and cost of money and credit.
The Fed is charged with negotiating and achieving sustained price stability and trying to control inflation. To do this, the Fed targets what is known as the “federal funds rate” which changes the amount of reserves available for lending in the banking system. In the long run, inflation (increases in the general level of all prices) is a natural occurrence. [This was the part where I go ballistic, I’m sure you’d agree by echoing “NATURAL OCCURRENCE?!!”] By changing these rates, the possibility of inflation can be diminished.
However, managing monetary policy is not an exact science, and it is subject to many opposing economy theories. The Fed tries to keep the economy operating at an output level consistent with a low rate of inflation. It, therefore, seeks a level of interest rates that will promote economic growth.
By law and practice, the Fed is accountable to Congress. The seven members of the board are appointed by the President with the advice and consent of the Senate. Congress routinely monitors the Fed through formal and informal oversight activities. The Fed reports to Congress twice yearly on its monetary policy, including rate changes, in oversight hearings in February and July as originally required by the Federal Reserve Reform Act.
Thanks again for contacting me. As Congress reviews actions taken by the Fed and considers our economic and monetary policy, I will keep your views in mind. With best wishes, I am
Sincerely,
Vernon J. Ehlers Member of Congress
So there you have it – don’t you feel better?
KBH

LikeLike

Reply
geneva murphy

March 16, 2009

i am soooooooo glad for TEAM. i was never interested nor aware of what is taking place in politics, government spending, etc. now…i am more aware than ever and feel like i am getting the “right” information. i refuse to be one of the people that are numbed by society and just told it is this way, “just because”.
thanks for creating the environment conducive to learning and enlarging my capacity to grow. we will change our nation. millions and beyond!!
i am forever grateful.

LikeLike

Reply
Cathy

March 16, 2009

Chris,
I just want to know, why do we even have the Federal Reserve in the first place?? Our Founders never intended us to have a National Bank, like Europeans did!
Andrew Jackson ran the Second National Bank of America out on a rail when they were messing with the people’s money and interest rates, and that was when we were still ON the gold standard.
The organizers of the Fed, the leaders of the most powerful banks of their day, manipulated the financial markets to their chosing, in order to scare Congress into establishing it in the first place. And, so as to not scare the American public into thinking it was a Third Bank of America (since people were better educated back then), they snuck it in under its current name of the Federal Reserve. What’s that Shakespeare said about a rose, its name (well, in this case, skunk cabbage) and its smell?? Don’t believe me? It’s all there, if you care to go look for it.
It was the Fed that removed us from the Gold Standard. It was and is the Fed that yanks our interest rates from pillar to post. It’s the Fed that is at the root of the problems in our economy.
The Federal Reserve is the dandelion in our national lawn. The only way to successfully kill a dandelion is to pull out not only the blossom, stem and leaves, but to dig down in and get the deep taproots, too. That’s the only way to kill the Federal Reserve, too. It’s high time America woke up and dug out this Fed weed!
Keep talking, Chris. Keep educating people about what our government and its institutions are doing to mess with the American people. As some have said, the American people have a right to know!

LikeLike

Reply
Brett Oyer

March 16, 2009

“I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies.” ~ Thomas Jefferson

LikeLike

Reply
Mac & Becca Wilson

March 16, 2009

Chris,
Ever wonder what a trillion dollars looks like?
http://www.pagetutor.com/trillion/index.html
Absolutely insane! But hey it’s OK they’ll just print more right?!

LikeLike

Reply
Brent Campau

March 17, 2009

You can be sure that the Fed is in control of what goes on in our country. The writing is all over the wall. They don’t even have to answer to the govt. In fact, it seems to be the other way around.
Either we stand now, or we will suffer later.

LikeLike

Reply
John Dickinson – Team One Purpose!

April 7, 2009

Chris,
Another great point on the importance of the Media War.
I know I was never taught any of these issues or what the consequences were until joining TEAM in the cause for creating 1 million leaders!
Thanks for the insights!
John

LikeLike

Reply
Dave Hass

August 12, 2009

The income tax was passed (but never legally ratified-Secretary of State Philander Knox lied)at the exact same time as the Federal Reserve Act, or within a couple years. If you were the government who had to pay interest to the central bankers for their printing press money, wouldn’t you just tax the poor ignorant worker bee citizens to pay for it? I hope not. They did though. Who do these politicians think we are? Whats that thing called again? Oh yeah, the constitution. Ron Paul Revolution! Donate to free market economist Peter Schiff for Senate. America desperately needs men like this beating back the train wrecks.

LikeLike

Reply