Alan Greenspan: We are heading towards a disaster

 
Alan Greenspan: We are heading towards a disaster
Loading...
Loading...
Alan Greenspan, the former chairman of the federal reserve has a dire warning:

"What the Fed does at this particular stage is less important than what the markets are doing. And what the markets are beginning to show us is acceleration in money supply for the first time in a very long time… We have a global problem of a shortage in productivity growth and it’s not only the United States but it’s pretty much around the world and it’s being caused by the fact that the populations everywhere in the Western world, for example, are aging and we are not committing enough of our resources to fund that,” Alan Greenspan says.

He continues saying:

“Our problem is not recession which is a short-term economic problem. I think you have a very profound long-term problem of economic growth at the time when the Western world, there is a very large migration from being a worker into being a of recipient of social benefits as it is called. And this is legally mandated in all of our countries. The size has got nothing to do with the rate of growth in economic activity, but if we stay down at the two percent economic growth in the United States and elsewhere, we’re not going to be able to fund what we are already legally obligated to spend.”

Watch the video:



Comment below.
    Donate to Speisa


Latest
obbo-1-Recovered.jpg
Middle aged Swedish women weep and protest, as Afghan men who have been denied residence in Sweden, are being returned to Afghanistan.

obbo-1-Recovered.jpg
If terror strikes at Oslo Airport Gardermoen, the terrorists may go on and terrorise for a while, before meeting any armed resistance.

obbo-1-Recovered.jpg
Police in Odense now increase the protection of the city's mayor, after he apparently has offended the immigrant gang Black Army.


View this article in PDF format Print article



DON'T MISS A POST - FOLLOW US ON FACEBOOK!




Disclamer
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.
comments powered by Disqus