“… if and only if truly free markets are liberated from predation.” mike montagne ??explaining the nature of all such facades in If I Were President ??how to arrest world wide monetary collapse in a day.

NEW YORK TIMES FALSELY PROMOTES A FACADE OF GREENSPAN’S HUMILITY

On October 23, proving many years of false assertions itself, a New York Times article, “Greenspan Concedes Error on Regulation,” claimed:

WASHINGTON ??For years, a Congressional hearing with Alan Greenspan was a marquee event. Lawmakers doted on him as an economic sage. Markets jumped up or down depending on what he said. Politicians in both parties wanted the maestro on their side.

But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.

“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity [versus sustainability], myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform.

Of course, “markets” are hardly free if they are subject to a currency which can only multiply indebtedness into terminal sums of debt. In fact all along the way to terminal failure, true producers are deprived to ever greater degrees of just compensation for their production, until of course they are dispossessed even of the opportunity and their right to produce.

But the purported humility therefore is a lie. Greenspan isn’t about to support rectifying the system of its inherent faults. On the contrary, while he feigns apology, he means to ensure the perpetuation of that unjust system. Every president since and including Gerald Ford was offered the opportunity and way to resolve these issues via mathematically perfected economy?. None answered, and particularly Mr. Greenspan, not only because they all knew then that they were wrong, but because despite being wrong, they intended instead to perpetuate the irreversible multiplication of that unearned taking.

RELATED MATERIAL

0. Greenspan Concedes Error on Regulation
1. If I Were President ??how to arrest world wide monetary collapse in a day
2. PROBABILITY AND TIMELINE FOR WORLD-WIDE ECONOMIC COLLAPSE AS A CONSEQUENCE OF INTEREST
   3. [?KEY?]??ABOUT INTEREST, KEY TO THE CYCLE OF USURY: ‘IT’S THE INTEREST, STUPID, IT’S THE INTEREST’

“To find the players in all the corruption of the world, ‘Follow the money.’ To find the captains of world corruption, follow the money all the way.”

mike montagne ??founder, PEOPLE For Mathematically Perfected Economy?, author/engineer of mathematically perfected economy? (1979)

? COPYRIGHT 2008, by mike montagne and PEOPLE For Mathematically Perfected Economy?.

Except for profit making ventures or entities otherwise granted explicit permission to publish this copyright material, this article may be distributed or reprinted in whole only, from and including any quotes preceding its title, through and inclusive of the following permalink, by email or otherwise. Visitors may also download our entire directory of regular/main site articles from our downloads page: http://perfecteconomy.com/pg-free-pfmpe-downloads.html. If you want to save your country, we encourage personal distribution of this material to all conducive recipients of your personal address books. Of course, you may also send only the following permalink:

http://perfecteconomy.com/wp/2008/10/28/new-york-times-falsely-promotes-a-facade-of-greenspan-humility/ [END PERMALINK]

DISCUSS THIS ARTICLE IN THE PFMPE? FORUM:

http://www.perfecteconomy.com/f/viewtopic.php?f=83&t=108

This entry was posted on Tuesday, October 28th, 2008 at 11:23 am and is filed under ALAN GREENSPAN, AUSTRIAN SCHOOL, Barack Obama, CENTRAL BANKS, WORLD BANKS, CONSTITUTIONALITY, LEGALITY, MORALITY, DENNIS KUCINICH, FEDERAL RESERVE, FEDERAL RESERVE BOARD, FEDERAL RESERVE POLICY, INITIATIVES, INTERNATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, JOHN McCAIN, Mathematically Perfected Economy, NATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, PAUL VOLCKER, POWER, ABUSED, RELIGION AND USURY, RON PAUL, Ralph Nader, TIMOTHY GEITHNER, U.S. TREASURY, UNASSENTED GLOBALISM, WAR, PEACE and USURY, events and politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.