Greenspan: "The Iraq War Is Largely About Oil"

Washington Post:

Without elaborating, he writes, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

Looking ahead to 2030, he predicts that the U.S. gross domestic product will be 75 percent larger than it is now. His most dire forecast is that if the Federal Reserve is prevented from constraining inflation, the 10-year Treasury note would be "flirting with a double-digit yield sometime before 2030, compared with under 5 percent in 2006."

Read the whole story: Washington Post

Comments

[representativepress]

11:46 AM on 09/16/2007

EVERYONE need to hear it. Please watch my short video titled ""The Iraq War is largely about OIL." - Alan Greenspan"

Viewing it will helps others hear the message as it gets ranked higher.
http://www.youtube.com/watch?v=aiWGqGCFcZg

I think MSM is downplaying it. FOX cohosts were bitching about it

[1man1voicenovote]

11:07 AM on 09/16/2007

The competetive POKER PLAYER in Greenspan...
He saw the hand he had been dealt, and folded.
As he cashes in his chips, he mentions that the deck was stacked and the Mafia runs the show.

Now that the big players have all cashed out, the casino owner reaches for the FIRE ALARM...

[getoffmedz]

10:32 AM on 09/16/2007

Greenspan: Talk about your cut-n-run!

[irishgawdess]

07:31 AM on 09/16/2007

Without elaborating, he writes, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

So much for the right wing extremists' POV that we here on HuffPo are a bunch of moonbats and conspiracy theorists. Who will be the next wing nut to goose step into line behind Greenspan? Perhaps Harry Reid was right to call him "a political hack." He waits until NOW to make his opinions known re: Bubbleboy and The Prince of Darkness? Why didn't he speak up when it would have been appropriate, given his JOB FUNCTION, to do so?

Thanks, Greenspan. You're about a day late and a few trillion short. Take your book somewhere else to peddle. Maybe the British affected by your laissez faire approach will appreciate it.

Schmuck.

[SamEllison]

02:30 AM on 09/16/2007

Yeah but this one is by Woodward and on page one of the WaPo.
Greenspan has been advising Gordon Brown and right now England is in the middle of a run on a bank, or maybe just beginning.

[MI6troll]

02:39 AM on 09/16/2007

Sunday Telegraph is reporting that a buyer has already been found for the bank.

Angry savers force Northern Rock to be sold
By Iain Dey and Patrick Hennessy
Last Updated: 3:24am BST 16/09/2007

Northern Rock, the crisis-hit bank under siege from thousands of its customers, was preparing itself last night for a sell-off, The Sunday Telegraph can reveal.

One plan being worked on by City bankers was to divide the company's £100 billion mortgage portfolio between the other major banks, in what would amount to a private-sector rescue of the lender.

The bank siege became a virtual stampede, despite repeated assurances by Alistair Darling, the Chancellor, that the lender remained solvent.

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=F0SLKVGSDQKDRQFIQMFCFF4AVCBQYIV0?xml=/money/2007/09/16/cnrock116.xml

[MI6troll]

01:22 AM on 09/16/2007

Wow. Two threads dealing with the same topic!