Greenspan reminds me of Paul Larkin who pretended to be Hank Reardons friend. He bought the iron ore mines from Hank after "the Equalization of Opportunities act". A phony opportunist or looter.

It has bothered me for 30 years .When I 1st learned about the fed it has has 20 secret shareholders by law it is a quasi- govt agency meaning it is afforded the benifits of the govt status with out the schackle of rules or edict from the govt(independent of).
See Jekyll Island scheme.
But it goes much further back in time.

It was the result of a well orchestrated scheme.
First create havoc in the commodities markets and economies with booms and busts in manipulated actions. Then promote an unacceptable solution with the fed plan as your real goal. Lie lie lie about the fact that it will end bank failures and than 15 years later every bank in the country fails. Than take away the gold make it illegal to own, force exchange to fed reserve notes.

Upon discovery I wondered why such an important part of our country wasn't taught or complained about by the leaders.

I don't wonder any more.

They have no conscience.

I, for one, do not care in the least what he thinks!

I totally agree! +!

Finally an explanation in terms I can understand ;^)

I read his book Age of Turbulence before I read Rand. It seemed like he had a crush on her in that book. Yet much of the book was advocating less political interference over the Fed Reserve. I wonder what he thinks bitcoin.

It would appear to be the sellout of the century, in a century of sellouts.

From Gold and Economic Freedom by Alan Greenspan in 1966 (Ayn Rand, Capitalism: The Unknown Ideal):

"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which - through a complex series of steps - the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believe he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets."

How anybody that sees the nature of a scam, decry it as evil, and then fully participate in and perpetuate that very scam, is beyond me. How could one live with oneself?

Greenspan didn't complete his training ... and turned into a Sith!