Keyword: Low Interest Rates

Alan Greenspan's Low Interest Rates Created Economic Calamity Catastrophe! Email Print

How the realtors, along with the Wall Street vultures, cheered when their idol Alan Greenspan lowered the interest rate to a 40-year low when he acted in the role of Fed chief.

Did the Wall Street titans or the real estate moguls from Beverly Hills to Long Island realize as they pocketed their millions with Greenspan's assistance of low interest rates that they represented the largest legalized cheating scam perhaps in U.S. history?

Currency represents concretized energy.  It represents the reward for work done by citizens of each country.  It represents the price U.S. exports will sell for.

When the 40-year low was put in place for the rate of interest on the U.S. dollar it devalued the currency.

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