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Here is what people
are saying about
What Does Mr. Greenspan Really Think?:
Sam Albert, Correspondent
1010WINS, New York, NY
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Dr. Amelia Augustus, Ph.D., President
Women’s Economic Roundtable |
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Dominick Attanasio, former President
Societe De Chimie Industrielle |
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Dr. Robert J. Batemarco, Ph.D.,
Adjunct Assistant Professor of Economics,
Marymount College |
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Dr. Walter Block, Ph.D.
Harold E. Wirth Eminent Scholar
Loyola University New Orleans |
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Lloyd Buchanan, Chief Operating Officer
Axe-Haughton Associates, Inc. |
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Dr. Antal E. Fekete, Ph.D., Professor Emeritus
Memorial University of Newfoundland |
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Murray I. Franck, Esq. Law Professor,
City University of New York |
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Dr. Ernest van den Haag, Ph.D.
Distinguished Scholar, Heritage Foundation |
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John Hathaway, CFA, Senior Partner
Tocqueville Asset Management, LP |
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Jim Hightower
Author, America’s #1 Populist |
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Howard S. Katz, Author
The
Paper Aristocracy |
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Robert D. Kephart |
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Hon. Brewster Kopp
Former Assistant Secretary of the Army (Financial Management)
Former principal financial officer, First National Bank of Boston |
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Ferdinand Lips
Private Banker, Switzerland |
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Dr. Herbert I. London, Ph.D., President
Hudson Institute |
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Dan Mahony |
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Morris Markovitz, Author, President
Mercury Management Associates, Inc. |
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Dr. Victor Niederhoffer, Ph.D.
Author, The Education of a Speculator
World Champion squash player |
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Bill O’Reilly, Television Anchor
Author, The
O’Reilly
Factor |
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Hon. Ron Paul, MD
Member of the United States House of Representatives
Member of the House Banking Committee |
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Howard
Phillips, Chairman
The Conservative Caucus |
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John A. Pugsley
Chairman, The Sovereign Society |
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Dr. Lawrence W. Reed, Ph.D. President
Mackinac Center for Public Policy |
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Llewellyn H. Rockwell, Jr., President
Ludwig Von Mises Institute |
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Helen Reisler, President
Rotary Club of New York |
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Christopher Ruddy, President & CEO
NewsMax.com |
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Dr. Larry J. Sechrest, Ph.D.
Associate Professor of Economics
Sul Ross State University |
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Denison E. Smith, Chairman,
For Our Grandchildren |
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Dr. Leon Sutton, Ph.D.,
Abraham Ben Jacob Sutton Foundation |
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Greg Tarpinian, Executive Director
Labor Research Association
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James Turk, Managing Director & Founder
GoldMoney |
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Dr. Edwin Vieira, Jr., Esq., President & Founder
National Alliance Constitutional Money |
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Michael Weinberger, Esq.
Former President,
Federalist Society – NY Chapter |
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Kathryn M. Welling, Editor and Publisher
Welling@Weeden, Weeded & Co. LP |
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“When a $70 billion market cap company (Enron)
can turn to powder in just a few weeks, when more than $1 trillion
in market cap companies (dotcoms and telecommunications) can
similarly evaporate over a short period, one must conclude that
there is something systemically wrong with our financial structure.
In what may prove to be the most insightful book of the century, Dr.
Larry Parks puts his finger on the paramount cause: our funny-money
monetary system. What Does Mr.
Greenspan Really Think? should not just be read—it
should be studied!—by anyone who will depend on savings and/or a
pension denominated in ‘dollars’ to stay alive when he can no longer
work. This book could not come at a more opportune time.”
Sam Albert, Correspondent
1010WINS, New York, NY
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“With this
insightful analysis, Dr. Lawrence Parks reminds us that Daniel
Webster was right when he wrote, ‘There is nothing so powerful as
the truth - and often nothing so strange.’ Dr. Lawrence Parks’ lucid
analysis clearly demonstrates in ordinary language the alarming ways
‘What you don’t know can hurt you and everyone else, too.’ A must
read for those who think understanding vital aspects of our nation’s
monetary policy is beyond them. Do not read this book unless you are
ready for several startling monetary truths. Read this book only if
you are ready for several jolting truths about the possible threat
to our monetary system.”
Dr. Amelia
Augustus, Ph.D., President
Women’s Economic Roundtable |
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“The logical
acuteness of Dr. Parks’ commentary on Chairman Alan Greenspan’s
remarks at the Catholic University Leuvan, Belgium, January 14,
1997, results in the realization to ordinary taxpayers that fiat
money is the greatest deception played on humanity since the first
enslavement of fellow human beings. Further, even
those who understand and acknowledge the hoax being played by
Government must cloak the truth with complex words, lest they offend
the power brokers (bankers).”
Dominick Attanasio,
former President
Societe De Chimie Industrielle |
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“In
What Does Mr. Greenspan Really
Think?, Larry Parks not only reads between the lines of a
Greenspan speech, but also literally writes between them. In doing
so, Dr. Parks provides the reader with three vital services: 1) he
highlights the discrepancies between what the Fed chairman actually
believes and what he is required to do to keep his job; 2) he tears
the veil of FedSpeak ‘respectability’ off of standard operating
procedures that are anything but respectable; and, 3) he provides us
a primer on what monetary policy really is, how it’s run and for
whose benefit it’s run (hint—not yours and mine). It is quite
revealing.”
Dr. Robert J.
Batemarco, Ph.D.,
Adjunct Assistant Professor of Economics, Marymount College
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“Were there a
bureaucrat controlling any other industry (e.g., farming, fishing,
furniture making) who did for it what Alan Greenspan does for
monetary policy, we would have no difficulty in labeling him as an
economic czar, a socialist of the worst stripe. We would tell him to
go back, not to Russia, or East Germany, but to Cuba or North Korea.
We would give him Adam Smith’s message about the invisible hand
being better able to coordinate the activities of millions of people
than governmental fiat. But Alan Greenspan, somehow, is different.
He is above the fray. He is in effect an economic dictator who
widely receives credit as an advocate of free enterprise. He is
guilty of the worst excesses of central planning, and is seen by
virtually all commentators in the very opposite role. Alan Greenspan
has feet of clay; he is an Emperor with no clothes.
Larry Parks is like the small boy who
points out the nudity of the king. In this masterful debunking of
the Greenspan myth, Dr. Parks places the Chairman of the Board of
the Federal Reserve in a well deserved light; not as the savior of
the capitalist system, but as one of its greatest enemies.”
Dr. Walter Block,
Ph.D.
Harold E. Wirth Eminent Scholar
Loyola University New Orleans
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“The Federal
Reserve System has a profound effect on our daily lives; yet not
one in a million truly understands the implications of
the Fed’s actions and of our monetary structure. This book brings
together two people who do understand the system. Alan Greenspan is
one such person but is constrained politically from speaking openly
about it. Lawrence Parks is another such person who explains Mr.
Greenspan’s sometimes cryptic and carefully worded remarks in plain
English. This book is both a warning and an exposé. The warning is
that history has taught us the inherent instability of fiat money.
The exposé is of the shocking unfairness of the subsidies involved.
Anyone who works for a living or saves for the future should read
this book and understand those funny little things called
‘dollars.’”
Lloyd Buchanan,
Chief Operating Officer
Axe-Haughton Associates, Inc.
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“Larry Parks is
the shadow public prosecutor who has succeeded in putting Alan
Greenspan on the witness stand. The charge is that his Federal
Reserve System
is not now, nor has it ever been,
run in the interest of labor, seniors, or other citizens and
taxpayers. On the contrary, it has been run in order to plunder them
— as a result of a conspiracy involving Big Banks and Big
Government.
This unholy alliance has been
milking labor and seniors (not to mention widows and orphans) out of
their substance for over four scores of years, and their blatant
pilfering from savers and taxpayers has pushed our entire economy to
the abyss or, in the scholarly words of the witness, ‘has exposed
the global financial environment to the dangers of a systemic
breakdown.’
The most amazing thing in all this
is the cooperating stance of Dr. Parks’ witness. For example, Mr.
Greenspan freely admits that ‘the central bank [has been given]
unlimited power to create money...’. This is tantamount to admitting
that, in the United States, the Federal Reserve banks are
unconstitutional. That country happens to have a constitution
stating in no uncertain terms that it is the charter of a government
of limited and
enumerated powers. Not
only is the (delegation of) power to create unlimited amounts of
money not enumerated, but the
Constitution explicitly bars the government from letting
its bills of credit be organized into currency.
Dr. Parks is wondering about the
cooperating tone of his witness, too, as the title of his book
suggests. While Mr. Greenspan is not testifying under oath, his
incentive to speak the truth may be motivated by more powerful
considerations. It is the desire to establish a solid public record
of eloquent admonitions, in order to cover up his being an
accomplice in bringing about a systemic breakdown which, as he might
well judge, is by now inevitable.
Be that as it may, it would appear
incumbent on the suave Mr. Greenspan to initiate a constitutional
debate on the monetary provisions of the U.S.
Constitution which
neither he nor his predecessors have ever mustered the decency or
the moral courage to recommend for repealing. If he fails to do
that, the conclusion remains inescapable that he would rather live
with the stigma of violating the
Constitution every time puts his signature on an official
paper, just because labor and seniors appear to be too dumb to
understand what’s going on. In the meantime, as every discriminating
reader of this book will agree, when time comes to put Mr. Greenspan
and his accomplices squarely in the dock, the best candidate to act
as the real prosecutor
should be none other than Dr. Parks.”
Dr. Antal E. Fekete, Ph.D.,
Professor Emeritus
Memorial University of Newfoundland
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“I have
no intention of providing a blurb. I thoroughly
disagree.”
Professor Milton
Friedman, Ph.D.
Winner of the Swedish Bank Prize in Economic Sciences in
Memory of Alfred Nobel, a.k.a., “The Nobel Prize
in Economics”
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“Reading
Lawrence Parks’ study of Alan Greenspan’s analysis of contemporary
economics, one encounters approbation of the gold
standard and phenomena such as fiat money, inflation, volatile
interest rates, evanescent safety nets, moral callousness,
pernicious transfers of wealth, undeserved rewards and unjust
punishments. It is lucid and frightening, and a stern and principled
critique of the financial architecture of our economy. Whether or
not one agrees with its call for a recrudescence of the gold
standard, the reader will be educated and perforce, outraged. This
potent plea is a monetary equivalent of Tom Paine’s ‘The Crisis.’”
Murray I.
Franck, Esq. Law Professor,
City University of New York
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“Mr.
Parks presents real food for thought relating to the issue of fiscal
responsibility.”
Jack Gargan
Former National Chairman of the Reform Party
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“By analyzing
an Alan Greenspan talk in Belgium January 14,1997, Larry Parks
presents a devastating critique of Federal Reserve policy. The Fed
tries to maintain a precarious balance betwixt the Scylla of
implosion (economic collapse) and the Charybdis of inflation. On the
one hand Greenspan admits that the Fed’s ‘unlimited power to create
money’ ‘induces’ banks to expand credit and make potentially risky
loans. A ‘safety net/subsidy’ then protects the banks from losses on
bad loans even though, as Greenspan admits, the subsidy distorts
incentives by relieving banks of the full costs of the risks taken
and, if regularly anticipated, ‘would only encourage reckless and
irresponsible practices.’ Moreover, Parks explains, the ‘safety/net
subsidy’ benefits banks, at the expense of taxpayers, workers and
seniors. On the other hand, if the Fed allowed bank loans to
default, a chain reaction might set in, ‘culminat[ing] in financial
implosion.’
Because ‘market signals that usually
accompany excessive risk-taking are substantially muted,’ as a
result of Fed policy, ‘and because the prices to banks of government
deposit guarantees . . . do not, and probably cannot, vary
sufficiently with risk to mimic market prices,’ central bank
officials ‘try to achieve the proper balance through official
regulations, as well as through formal and informal supervisory
policies and procedures.’ In the process, they ‘are compelled to act
as a surrogate for market discipline.’ Central bank officials, who
are no less fallible than other human beings, cannot possibly know
‘what market responses. . . would occur if there were no safety
net.’ Yet they make decisions every day, either explicitly or by
default, that affect the lives of everyone. And Fed Chairman
Greenspan admits that he and his colleagues ‘can never know for sure
whether the decisions [they] made were appropriate.’
On the one hand the Fed seeks to
employ with caution its unlimited power to create money so as not to
induce over-expansion, and on the other hand it tries to mute the
effect on prices of its subsidizing of risky bank loans. And at the
same time it pursues an impossible dream — of trying to replicate
market prices. Parks describes Fed policy not only as one fraught
with danger, but also as absolutely unnecessary if we should adopt
gold as money and leave to private lenders the right to make loans
without fear of government threat or favor.”
Dr. Bettina Bien Greaves, Ph.D.
Resident Scholar, The Foundation for Economic Education
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“Larry Parks’
comments are always stimulating and original. Reading them in his
What
Does Mr. Greenspan Really
Think? throws a new light on the money issue. I highly
recommend this book.”
Dr. Ernest van
den Haag, Ph.D.
Distinguished Scholar, Heritage
Foundation
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“Dr. Parks
portrays Alan Greenspan as a central planner,
par excellence. In his
scholarly analysis of the Fed Chairman’s own words, he exposes
an important truth about the Western World’s financial
system….that it is nothing more than a confection held together by
the decisions and judgments of this very fallible individual and his
co-central planners, the Fed Governors. It is hard to conclude
after reading this commentary that the system is on sound footing.
In fact, it has been built upon ever more reckless interventions
into freely trading markets which by Greenspan’s own words have
distorted incentives and increased the leverage of its core
financial institutions.”
John Hathaway, CFA,
Senior Partner
Tocqueville Asset Management, LP
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“Who is Alan
Greenspan? Why do we care what he thinks? What the hell is he
saying, and why in the world do we ordinary citizens and working
stiffs let him keep robbing us? Larry Parks tells all.
Read, reflect, rebel.”
Jim Hightower
Author, America’s #1 Populist |
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“Alan Greenspan is
highly regarded on Wall Street. But he has one severe critic: Alan
Greenspan. Larry Parks has the ability to translate Mr. Greenspan’s
statements into common sense English, and this reveals the enormous
gulf between what Mr. Greenspan says and what he is doing.
Given the great power that Mr. Greenspan has over the U.S. economy,
it is very disturbing that this man is suffering a crisis of
conscience over his own behavior. Since so much in our lives depends
on him, What Does Mr. Greenspan
Really Think? is a must read for anyone who wishes
to understand the world in which he lives.”
Howard S. Katz, Author
The Paper Aristocracy
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“In a rational
society, Alan Greenspan would earn a living in some useful pursuit
like
pumping gas or flipping burgers. Larry Parks would be systematically
dismantling the Federal Reserve System and they would both benefit
from the increased prosperity that this reallocation of
responsibilities would bring about.”
Robert D.
Kephart
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“After two
relevant degrees from Harvard and a lifetime career involving money,
I feel that What Does Mr.
Greenspan Really Think? ranks
with the best of
books of this genre both as to readability and insight. I pray it
receives widespread attention and that Dr. Parks’ views as to the
inequities and misallocation of resource attributable to fiat money
be brought into the public debate.”
Hon. Brewster
Kopp
Former Assistant Secretary of the Army (Financial Management)
Former principal financial officer, First National Bank of Boston
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“Dr. Parks’ book
is a must for anybody interested in the world of finance and the
future
of human society. Mr. Alan Greenspan who, in his younger years, was
one of the most eloquent proponents and defenders of ‘Gold and
Economic Freedom,’ has become prisoner of an unholy system and has
betrayed his earlier convictions. Today, he seems like a shaman who
gets his message from the gods of evil, and he speaks in symbolic
language only understood by the initiated few. Damned be the man on
the street, the workers, the pensioners and the economically weak.
All who do not know history are condemned to repeat it. France’s
experience with John Law is being repeated today on a worldwide
basis. But, Dr. Parks has learned his lesson well. He demonstrates
that the only way out of this avalanche of misallocations leading to
the complete destruction of the world economy is the gold standard.
He prods us into the realization that the only currency that can
lead the world back to prosperity, justice, order, culture and peace
is gold.”
Ferdinand Lips
Private Banker, Switzerland
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“There are very
few people who understand the arcane ways in which money is
created or, for that matter, who benefits and who is
adversely affected by this act of creation. By parsing the language
of the Fed chairman, Larry Parks has uncovered a minefield of
illuminating observations. Larry Parks, the president of FAME, is
the quintessential truth-teller in a world of obscurantism and
misunderstanding. For most people, banking and global finance are a
mystery wrapped in an enigma. However, the creation of fiat money
affects transactions, buying power, investments, personal wealth and
the rise and fall of nation states. Even today the runaway inflation
during the German Weimar period in the 1930’s affects the attitude
of the European Central bankers. Through textual analysis Mr. Parks
offers extraordinary insight into the operation of the Federal
Reserve and, as importantly, the future purchasing power of money.
Lest anyone think these are either abstract or pettifogging matters,
the creation of money is a transfer of wealth from Mr. and Mrs. John
Q. Public to the banking establishment. It is hard to conceive of
any issue that is more profound than this one.”
Dr. Herbert I.
London, Ph.D., President
Hudson Institute
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“What
Does Mr. Greenspan Really Think? is dynamite! Mr.
Greenspan has really spilled
the beans, and Dr. Parks has caught
him red-handed. In effect, Mr. Greenspan’s assertion that the
Federal Reserve stands ready to create money ‘without limit’ is in
fact an admission that none of us have any property rights in
anything denominated in ‘dollars,’ including our savings, our stock
portfolios, and our pensions. The reason is that those ‘rights’ can
be diluted to nothing to bail out the banking system on account of
banks leveraging their balance sheets to garner ever-greater
unearned profits! It is certainly a credit to Mr. Greenspan that he
has opened the door to the issue of ordinary taxpayers subsidizing
the banks, and, as Dr. Parks has shown, what a subsidy that is! How
else to explain the more than $600 billion that the financial sector
takes out of the economy? I am in awe of what is being said, and I
am dismayed that the establishment media has not focused on this.
This book is a real eye-opener. Dr. Parks has done an important
public service by writing it.”
Dan Mahony
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“Dr. Parks
has accomplished the equivalent of a headline ‘scoop,’ but for
academicians and those with a longer term view on the
important factors affecting our world and our lives. The Fed, its
chairmen, and Alan Greenspan in particular are not known for
straightforward clarity. Indeed, Mr. Greenspan’s actions often seem
to contradict the economic principles he espouses. He does a superb
job of obfuscation—of keeping domestic analysts and reporters
perplexed regarding his actual beliefs and the principles on which
he bases the decisions that affect all our lives significantly.
Offshore, freed from the scrutiny of domestic observers, Mr.
Greenspan uncharacteristically let his guard down. Apparently he did
not reckon with the likes of Dr. Lawrence Parks. Dr Parks has, for
once and all, defined for us many of Alan Greenspan’s economic
principles in clear, unambiguous terms for the first time, with
irrefutable logic applied to ‘best evidence,’ straight from the
horse’s mouth. This is an inestimable service to all who need or
want to understand the mindset and motivations of the man at the
helm of our banking system, whose decisions determine our collective
economic destiny. Mr. Greenspan is a man who understands much more
than he lets on—but who is apparently willing and even eager at
times to act in diametric opposition to his own professed beliefs.
If you are an acute Fed observer, Dr. Parks will confirm with
irrefutable evidence much of what you may have heretofore only
suspected—and you may well discover a few surprises in his analysis
too.”
Morris Markovitz,
Author, President
Mercury Management Associates, Inc.
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“What
Does Mr.
Greenspan Really Think?”
by Dr. Lawrence Parks
is an interesting, thorough and rational analysis of our monetary
system as managed by the Federal Reserve. It should be read by
professionals who are involved as economists, bankers, experts
interested in the U.S. economy, and by lay persons who will be
affected by the action or lack of action of the banking community. I
am somewhat amazed by my belief that even among the experts there is
little understanding or acceptance of the implications of Dr. Parks’
explanation of Mr. Greenspan’s comments about our monetary system.”
Herbert S. Meeker, Esq., Partner
Baer Marks & Upham
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“There is
good research, provocative disclosure, and much food for thought
in Dr.
Parks’ erudite analysis of ‘Doc’ Greenspan’s speech.”
Dr. Victor
Niederhoffer, Ph.D.
Author, The Education of a Speculator
World
Champion
squash player
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“Lawrence Parks
has written an insightful book about the most powerful
man in the world. If you have any money — you need to read
this book.”
Bill O’Reilly,
Television Anchor
Author, The O’Reilly Factor
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“My
old friend Larry Parks has done the nation a valuable service by
exposing how even Alan Greenspan, the ‘man behind the curtain’ in
America’s monetary
OZ, knows that the Federal Reserve is an
unaccountable bureaucracy that enriches special interests at the
expense of working Americans and our nation’s economic security. I
highly recommend this work to anyone who wishes to understand the
dangers of our fiat money system and the reforms necessary to ensure
the dollar is once again ‘as good as gold.’”
Hon. Ron Paul, MD
Member of the United States House of Representatives
Member of the House Banking Committee
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“Larry Parks has performed an extraordinary
public service by explaining with clarity in layman’s language the
ways and means by which Congress has permitted the Federal Reserve
System to tax the American people without any real accountability to
either Congress or the taxpayers. Using direct quotes from Alan
Greenspan, Parks demonstrates how the earnings and savings of the
American people have been diminished to enrich a powerful
Establishment elite. My prayer is that our President, our Vice
President, and every member of Congress will take the time to read
this book, and that perhaps some few of them will understand it and
even act on it.”
Howard
Phillips, Chairman
The Conservative Caucus
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“In
What Does Mr. Greenspan Really Think? Larry Parks
has translated the Orwellian ‘newspeak’ of the Federal Reserve into
language understandable by us all. Anyone who reads
Dr. Parks’ hard-hitting translation of Alan Greenspan’s words will
never again fall victim to the irrational belief that the Federal
Reserve is the guardian of the national economy. His book is a great
addition to the literature on sound money.”
John A. Pugsley
Chairman, The Sovereign Society
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“How refreshing
it is
to read a clear-headed, critical analysis of the Federal Reserve and
its operations, as opposed to the official news releases the major
media is happy to regurgitate without serious question! One doesn’t
have to agree with every point Dr. Parks makes to realize that he
has performed a valuable public service by explaining in lay terms
why the monetary emperor has no clothes.”
Dr. Lawrence W.
Reed, Ph.D. President
Mackinac Center for Public Policy
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“It’s
great to see Greenspan
deconstructed, as only Larry Parks
could do.”
Llewellyn H.
Rockwell, Jr., President
Ludwig Von Mises Institute |
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“What does Mr. Greenspan Really Think?
is a well written analysis of Federal Reserve Chairman Alan
Greenspan’s statements about the possibility of a complete monetary
collapse under our present fiat currency monetary system. Dr. Larry
Parks’ analysis shows how Mr. Greenspan justifies the transfer of
ordinary citizen’s money to banks when they experience systemic
defaults. This is a ‘must read’ for anyone who is concerned about
his economic future.”
Helen Reisler,
President
Rotary Club of New York
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“Finally,
someone tells us what Mr. Greenspan really thinks! Dr. Lawrence
Parks
gives Americans the first penetrating insights into a man who has
tremendous influence on all of our lives. I encourage you to read
What Does Mr. Greenspan Really
Think?”
Christopher
Ruddy, President & CEO
NewsMax.com
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“This book is
like a 1773 Thomas Paine pamphlet calling for freedom. Freedom from
Greenspan and what he represents. The need is as desperate
as it was in 1773. We need to get this book into the hands of
innocent citizens.”
Chevalier Harry D.
Schultz
International Harry Schultz Letter
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“Larry Parks
is like a sculptor who chips away at a rough-hewn block of marble
until he reveals the art work ‘hidden’ inside. Only here there is a
gargoyle waiting within the marble, because Parks’ raw
material is the elusive mind that lurks behind the familiar,
impassive countenance of Alan Greenspan. This man, the most powerful
figure in the realms of money, banking, and finance, discusses
central banks and their effects on economic conditions. In ruthless
fashion, Parks analyzes Greenspan’s remarks and translates them into
common language. What one finds is that the combination of central
banking and fiat currency is a deadly one. Modern monetary systems
encourage excessive risk-taking by financial intermediaries, can
create crippling rates of inflation, and, above all, redistribute
part of the wealth and income of the average taxpayer to a
politically-privileged elite. The solution? Get rid of the
bureaucratic management and return to the market discipline imposed
by laissez-faire
principles and a gold standard. I could not agree more.”
Dr.
Larry J. Sechrest, Ph.D.
Associate Professor of Economics
Sul Ross State University
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“Understanding
the actual workings of our monetary system is very complicated
for
most people including myself. Money to the economy is like air to a
living organism; it is necessary. Do we have the right kind of
money? Larry Parks does an amazing job at making our system
understandable and creates reading that every American can and
should comprehend.”
Denison E.
Smith, Chairman,
For Our Grandchildren
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“In
conventional wisdom, economics is the dismal science and Fed
Chairman Alan Greenspan is the saintly, obscure master
regulator of our nation’s and the world’s economic well being. Dr.
Larry Parks, in a unique and challenging intellectual
tour de force, makes
economics anything but dismal and Chairman Greenspan anything but
obscure. This volume is worth reading for fun or, if one prefers,
for profit and understanding.
What Does Mr. Greenspan Really Think? is not to be
taken lightly because the implications of what is revealed are truly
momentous. The very heart of this nation’s economic system, fiat
money, is an intricate contrivance which is inherently unstable and
unfair. Our apparent success to date says more about the astuteness
of the Chairman than it does about the suitability of the system.
We are proceeding at breakneck speed and at enormous risk, gambling
all the while on good luck and human perfection. Neither one can be
assured with confidence. This book is an understandable call to
arms.”
Charles Darwin Snelling,
Columnist, MCALL.com; Venture
Capitalist
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“We should all
be thankful that Mr. Greenspan has raised the issues of financial
collapse, ongoing wealth transfer from ordinary
citizens to the banking system, and, especially, that the banking
system has a call on virtually all of everyone’s savings and
promises of future payment—such as pensions—by virtue of the Federal
Reserve’s mandated function to create money without limit to attempt
to quell a systemic collapse. But we should be even more thankful
that Dr. Parks has brilliantly translated Mr. Greenspan’s arcane
language into a form that everyone can understand.
What Does Mr. Greenspan Really
Think? is essential reading for anyone who is concerned
about their investment portfolio and, more important, justice,
fairness and living in a just society.”
Dr. Leon Sutton,
Ph.D.,
Abraham Ben Jacob Sutton Foundation
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“Larry Parks has laid bare the essence of the monetary system
and it should
scare the wits out of you. Not only is
our economic system based on the flimsiest of reeds—fiat money—but,
as such, it rewards the idle at the expense of hard-working
Americans, and people the world over.”
Greg Tarpinian, Executive Director
Labor Research Association
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“This little book
is wonderful. By providing an insightful analysis of a major speech
delivered by Alan Greenspan, Dr. Lawrence Parks has
created an educational tool of great use. Reading between the lines
and translating arcane jargon into terms everyone can understand,
Dr. Parks identifies the fallacies, myths and the ultimate folly of
central banking and its diabolical progeny: fiat currency. I hope
that this book is circulated wide and far so that many people are
given the opportunity to read not only what central banks have done
to our money, but what they have done to our society — in other
words, what they have done to us.”
James Turk,
Managing Director & Founder
GoldMoney
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“In
What Does Mr.
Greenspan Really
Think? Dr. Lawrence Parks
brilliantly translates and deconstructs the latest
Greenspanese—demonstrating that the Federal Reserve System’s true
purpose is to employ fiat currency and bank credit to redistribute real wealth
from average citizens to an economic and political elite. Moreover,
that the Federal Reserve can, as Chairman Greenspan admits, ‘produce
[fiat] money without limit,’ means that it can redistribute
society’s wealth just as thoroughly—implying that no one outside the
elite can enjoy economic security as long as the central bank
exists. So, Dr. Parks’ commentary is both an education and a warning
that all Americans need to study, to take to heart, and to act upon
before the harsh laws of economics call the Federal Reserve System
to account.”
Dr. Edwin Vieira,
Jr., Esq., President & Founder
National Alliance Constitutional Money
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“Most will
recall the childhood game called ‘telephone’ whereby a message
is passed from person to person, and then, at the end
of the chain, the message turns out to be greatly distorted from its
original content. In the media today, that describes what generally
happens to Mr. Greenspan’s remarks. Dr. Parks has short-circuited
this process by juxtaposing Mr. Greenspan’s comments with what they
mean in plain English so that ordinary people can understand his
message, and that message is very profound. In this small and very
important book, Dr. Parks raises questions that should be the
concern everyone, and especially our elected representatives. As the
former President of the New York Chapter of the Federalist Society,
I can say with some authority that
What Does Mr. Greenspan Really
Think? should be studied by every citizen. It is a truly
remarkable and valuable accomplishment.”
Michael Weinberger,
Esq.
Former President, Federalist Society – NY Chapter
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"Straight talk from a
straight shooter."
Kathryn M. Welling, Editor and Publisher
Welling@Weeden, Weeded & Co. LP
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“The most
important aspect of this extraordinary book is the basic question
it raises: Is the power Mr. Greenspan wields
consistent with our system of limited constitutional government? Dr.
Parks’ thoughtful analysis and easy-to-understand explanation of Mr.
Greenspan’s views should be at the top of the agenda of anyone
concerned about his economic future.”
Hon. Faith
Whittlesey, President & Chairman
American Swiss Foundation
Former U.S. Ambassador to Switzerland |
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