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Greenspan disgusted with American youth
Published: 15 July, 2011, 23:15
The youth of today aren't all they're cracked up to be, apparently.
TAGS: Children, Immigration, USA, Employment, Banking, Finance
“In my day, we use to walk 20 miles in the snow to go to war, assassinating Korean civilians and spreading Democracy to Asia. We had real threats, like Communism. And none of this Taliban crap!”
That’s according to former Federal Reserve Chairman Alan Greenspan.
Well, kind of.
In an interview with Globalist this week, Greenspan lashed out against the American youth of today, telling reporters that the younger workforce in the country does not match up to the “baby boom” generation of the good old days.
“They are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades,” says Greenspan.
The former Fed man adds that the average income of households in the States headed by those 25 years old and younger had been declining compared to the average income of yesteryear.
Greenspan was 25 back in 1951 when he worked for a think-tank in New York City. Before turning 30 he was chairman and president of his own economic consulting firm, Townsend-Greenspan & Co., Inc., where he stayed for over three decades before being appointed to chairman of the Federal Reserve.
Last year, 19.1 percent of 16- to 24-year olds were unemployed, according to the US Bureau of Labor Statistics. The rate in 1950? Only 9.6 percent.
Speaking to the Globalist, Greenspan adds that the US would be better off if they just hiring skilled immigrants to churn out the hard work that Americans aren’t doing.
“Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States,” says Greenspan.
He adds that his take would be to give out green cards to every immigrant that gets an advanced degree in the United States.
Don’t worry, though. Old Man Greenspan realizes that that could post a problem, but only a small one.
“The proportion of those people who will be terrorists is minuscule. That would have a major positive economic impact,” he adds.
15.07.2011, 22:34
1 comment
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Anger is what Greenspan want's young America to feel with his social comment. Young America you feel anger because you feel a touch of guilt, you are the consumer culture he always wanted. If none of it were true, there would be no feelings of anger. A man of his calibre doesn't make a social shot like that without a target and a greater purpose. It's a subtle message to all other babyboomers to sympathise with new reforms allowing relaxed immigration laws. Don't let the hate cloud your view, you seeing red is Greenspan seeing green.
Now you all know what our dear friends at the Federal Reserve, the Bilderberg Group, and the Council of Foreign Relations think of the working people. We are just cannon fodder for their wars and peons to be used so they can grow wealthy and rule the world. All candidates for governments are financed through the elite and very wealthy bankers. The banksters finance both sides of all wars going back many centuries. They win and we lose. They only care about their $$$$.