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[Leslie <cayadopi AT yahoo.com>]

Bob,
 
Someone wrote:  <<<Ironically, one of Rand’s philosophical devotees was Alan 
Greenspan—the man who set in motion the exact circumstances described 
below.>>>
 
 
How often did we hear on TV when Greenspan was in office about "the Alan 
Greenspan Legacy".  Yet not one person really thought about what kind of 
legacy he was leaving.  I did, many years ago.... from way outside the box 
for sure.  
 
I happen to agree:  "Whenever destroyers appear among men, they start by 
destroying money, for money is men’s protection and the base of a moral 
existence. Destroyers seize gold and leave to its owners a counterfeit pile 
of paper."  Of course money here in context of when this was written, money 
IS gold, and the gold standard had been partially removed.
 
 
 
Exactly what legacy is Greenspan leaving?   
 
What clues do we have that are not pumped to us from mainstream media?
 
 
I don't know if many here know some of these things, probably do, but I'll 
state it anyway. 
 
1.  Ayn Rand, Greenspan, and Von Mises - all best buddies part of Rand's 
Inner Circle.  
 
Von Mises/Austrian economic theory, promoted gold standard.  
Ayn Rand, gold standard.  
Greenspan even wrote a often cited paper on the gold standard.  
 
2.  Greenspan was trained in Keynesian (or later versions) economics.  When 
he was first introduced to Rand's Inner Circle, he was wishy washy on facts.  
He was asked if he believed that he in fact actually existed.  He did not 
know for sure, and after a heady discussion finally was convinced that he in 
fact existed (source = Rand's lover, N. Brandon).  Point being that Greenspan 
wouldn't adopt an idea until he was 100% convinced.
 
3.  Greenspan (as well as others in the Inner Circle) routinely reviewed 
draft copies of Atlas Shrugged during the 9-10 years it took her to write the 
book, and contributed ideas from time to time.  (source = Rand's lover, N. 
Brandon).   At the end of the book Greenspan was convinced that the book 
would change the world, that people would accept the philosophy as truth.  
Instead it was rejected.
 
4.  One of the main characters in the book, D'Anconia, talked about his 
family's legacy - to increase the productive wealth greater than the prior 
generation(s). However, Francisco D'Anconia set out to continue the legacy, 
as we know he wound up destroying the copper rather than have looters have 
it, and therefore changed his family's legacy.   
 
Legacy being the key word here - because the word Legacy and Greenspan were 
often mentioned together in the media.  However, no mention of what the 
nature of his legacy would be was ever identified,  This is not unlike the 
rumors of D'Anconia being a worthless playboy, often mentioned in the media, 
but never any confirmation.
 
5.  Another character in the book, Ragnar Danneskjold, a pirate/policeman who 
steals the wealth (gold) from the world.
 
6.  Greenspan clearly wrote the piece on the gold standard back in the 
60s/70s.  Did he ever change his mind?  Because becoming Chairman of the 
Federal Reserve would imply that he had.  In fact, the media often stated 
this about him, but did he?  Did they every check their premises?  When I 
started actually dissecting Greenspan's words, hidden within he continued to 
promote the gold standard.  So I do not believe he abandoned it at all.
 
7.  Under Greenspan, we have experienced an incredible growth in money supply 
as he opened up the Easy Al money for Wall Street, fueling bubble after 
bubble.  The effects of this are coming at us faster and faster now.  
 
8.  Ayn Rand (per Brandon) stated that Greenspan was the smartest of the all. 
 Did she say this lightly?  I don't know, but what I have read about her, she 
seemed to have been very rigid about her opinions, so I think not.
 
9.  Dr. Robert Stadler in the book rejected pure science for working for the 
government.
 
10.  Greenspan (in his book) told us that he remained close friends with Ayn 
Rand until her death.  
 
If you wanted to carry out the philosophy espoused by Rand - speed up the 
time table to expose "you can not have your cake and eat it too".... in what 
position could you make this happen?
 
I ask - 
 
1)  Is it so ironic Alan Greenspan—"the man who set in motion the exact 
circumstances described below"..... did Alan Greenspan truly take on the role 
of Dr. Robert Stadler - i.e. sell out Objectivism to work for the Federal 
Reserve, whom  many think is part of the government (including the media).  
If so, would Ayn Rand have remained close friends with Alan Greenspan until 
her death?
 
or 
 
2) Did Alan Greenspan take on the roles of Danneskjold and D'Anconia - right 
in front of the entire world.... and leave a totally different legacy than 
the media had been espousing and may only just now be realizing that his 
legacy isn't exactly what they never stated but alluded to?
 
 
If the laster, Greenspan would not have had to invent all the crazy economic 
ideas that came out of Wall Street, etc...... all he would have had to do is 
endorse them and open the fiat money spigots.  
 
I think ironically - backwardation tells another story about the situation of 
gold reserves at the COMEX.  GATA has long been warning that the gold isn't 
there, a la Fed, who was in charge? Greenspan....
 
 
 
Note:  CNBC did an interview with one Julian Robertson a few years back.  
Robertson's reputation years ago was along the lines of Midas Mulligan - 
everything he touched turned to gold.... until suddenly his fund went 
bankrupt.  Robertson came back on the scene a few years back, which prompted 
the interview.  He broke down at one point and made a comment something along 
the lines that there were those who has built a walled compound in New 
Zealand, totally self sufficient, and proclaimed that the world was going to 
be falling apart.... it triggered memories of Atlas Shrugged, of course.
 
 
 
Greenspan in his book informs that the Fed knew somewhere in 1999-2001 (I 
forget the exact year) that a housing bubble was in the making, yet they 
lowered interest rates and fueled it....  Coincidently, in 1998, LTCM nearly 
caused a worldwide systemic risk event.  In the book I read about that, there 
was talk about the seed idea that later created the mortgage b.s. that has 
currently caused a worldwise system risk event.  Greenspan was Fed Chair back 
then, and had probably already recognized the insanity of that,,, but if your 
purpose was to act out D'Anconia/Danneskjold.... lowering interest rates 
makes a lot of sense.
 
When I read Greenspans book, I noticed that when he talked about other 
countries, he was direct, logical, etc.  Yet when he talked about certain 
events here, especially under him, that there were discrepancies, which was 
more aligned with my musings about Greenspan's true legacy.
 
 
Anyway, that is pretty far out of the box..... or is it?
 
I would like you to think about this for a while before responding.  And for 
those here that follow economics, go back and re-think every move that 
Greenspan made, if in fact, his true legacy was that of a very different 
agenda.      

So many things to me about Greenspan did not make sense, until I started 
thinking about the words "Greenspan's Legacy".
 
 
Also, Bob, why do you call Ayn Rand's direction, the wrong direction?  
Was it a wrong direction, or a logical outcome?
 
 
 

--- On Wed, 12/10/08, bob ford <bobford79 AT yahoo.com> wrote:


Thanks Jeanne:  Ayn Rand had the below to say about society, money, laws, 
etc.;
see how much it appears that we may be headed in her wrong direction :





>From erthnsky AT bellsouth.net  Thu Dec 11 01:41:00 2008
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Subject: Re: [Homestead] Odd housing and a recommendation
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What you wrote below reminds me of meeting Sam.
I was working one of my part time jobs some years back when I looked out
and saw a guy standing outside the window.  I worked in an old farmhouse
for an accountant who worked at home.  Anyway, this guy was standing
there looking at a tree that had fallen.(It was a 3ft+diameter black
walnut!!!)  I saw him light a cigarette so I went out to join him.  It
was my lucky day, so to speak.  That day, I met Sam Isaac Edwards, a
local guy who made good doing his own thing. He has written a book, From
Outhouse To Whitehouse to Treehouse.  Yup, he lives in a treehouse made
from junk.
He was really funny, looked younger than he was, was very charismatic,
and I was drawn to him the same way I am drawn to this list-the man just
thinks outside of the box.  He is very different  from regular folks.
Pictures don't do his treehouse justice.  It is creative genius. Susan
Jane, perhaps you can do something like this, create a home from parts
of planes, boats, or other vehicles....and add on to your trailer in
unique ways, all on one level though.  I hope Sam inspires you, and if
not, he might surely make you smile. I don't know how much he wants for
his book, but I found it here:
http://www.bookfinder4u.com/IsbnSearch.aspx?isbn°00HE7M50&mode=direct

> Sam Isaac Edwards wears the label “Renaissance Man” like a second
> skin. He is a true bohemian; a man who is not only a gifted writer,
> but a humorist who will have you grabbing your belly with great
> frequency. He is a man who has lived on his own terms, not those
> dictated by society. He flies hang-gliders and ultra-lights, canoes
> whitewater rivers, scuba dives, explores caves, drives race cars;
> he's been a janitor, a truck driver, an actor, a law student, a disc
>  jockey, a cook, a producer, a carpenter, a soldier, and an aide to
> two of the most famous men in our country; President Jimmy Carter and
>  Senator John Glenn. Edwards has grabbed hold of those great parts of
>  life that most of us will only dream about.

This is his website where you can order the book and see pics of the house:
http://www.samstreehouse.com/

The MEN article tells the story pretty good...
http://www.motherearthnews.com/Nature-Community/2001-08-01/Home-Sweet-Treehouse.aspx?page=5

Bev


sjc wrote:

> I've kept the back of that trailer under tarps, and recently have
> started thinking about a 'trailer inside a greenhouse' sort of rig,
> where I could also enjoy some extended gardening season, etc, take
> the very rear off and part it out, put a little summer bedroom out
> there.....still mulling.  I've never been able to find anyone who
> could (or would) be able to fix it; I think I need to find an
> aircraft body guy; those older Spartans were made from parts left
> over from WWII at the Spartan Aircraft mfg plant in OK, as housing
> for returning GIs when they were employed in the midwestern
> industrial plants; there were, when I was a kid, whole little
> 'cities' of those shiny trailers all lined up in rows.  The thought
> of living like that gives me the willies, but I love the trailer
> itself.  Mine has plane windshield windows front and rear, and the
> curved front and rear metal panels, too cool.  And the inside is
> still solid, all wood and metal, built quite nicely.  And the space
> inside is delightful, with more light than most houses.  So I'll see.
>
>
>
--
“Fear is the path to the Dark Side. Fear leads to anger. Anger leads to
hate. Hate leads to suffering.”        Yoda