Wednesday, September 21, 2011

What the Hell is Alan Greenspan Doing at the Fed Today?

Alan Greenspan was caught today, by a television camera, entering the Marriner S. Eccles Federal Reserve Board Building on Constitution Ave in Washington D.C., reports John Carney.

This, it should be noted, is day two of the Fed's two day monetary policy deliberations. So has Bernanke called in the maestro for some money printing advice?

According to the Fed, Greenspan was only at the Fed for a haircut. The Fed has it's own barbershop and Greenspan continues to have access to it. It's a perk of being a one time money printer.

I wonder what other perks the money printers have given to themselves. I'm sure the Fed cafeteria must be like a daily Roman feast. Is it any surprise these guys take food out of the core inflation indexes? Who pays for food anymore besides us middle class saps? LBJ's great grand kids all have food stamps and Bernanke is likely having grapes dropped into his mouth marked to the pace of Jaclyn Haydamacha singing the lyrics, Get me some money, too


  1. Starts to sound like the Soviet Union, where the nomenklatura had their own restaurants and grocery stores closed to the general public. The difference is that some in the private sector still enjoy greater standards of living, but not for long if the economic commissars of the Fed can execute their five year plan.

  2. Not to mention the power elite are making all the truly good food - natural products such as raw milk, organic fruits and veggies, grassfed meats - either illegal or priced out of availibility for us commoners. Assuredly, they want to keep us malnourished, sick and humiliated.

  3. I've often wondered how much money (and/or perks) the people running the Fed could take out for themselves. Looking at how big the numbers are lately, it wouldn't be particularly difficult to smuggle some 1 billion dollars out of the Fed (and the purchase assets using that). Are all Fed chairmen actually billionaires these days?

  4. Wouldn't it be great if the FED took a haircut along with Freddie, Fannie, and the banks?