Greenspan's Fraud by Ravi Batra

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Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy

by Ravi Batra

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For two decades Federal Reserve Chairman Alan Greenspan has held reign over economic policy, outlasting three presidents. His long tenure has had a profound effect on global economics and on individuals. In this hard-hitting exposé, international bestselling author Ravi Batra takes sharp aim at Greenspan's policies since he came into power. Greenomics, Batra argues, has extracted trillions of dollars from the American middle class and sharply benefited the rich, while protecting big business. Batra proves that Greenomics has also been responsible for periods of irrational exuberance, and exposes the wild inconsistencies in his social security plans. Greenspan's Fraud explores Greenspan's influences and motivations and the discrepancies between his words and actions, while revealing how his policies have national and global impact.



About the Author

Dr. Ravi Batra is the author of six international bestsellers, two of which were New York Times bestsellers, including The Great Depression of 1990. He has appeared on CBS, NBC, ABC, CNN, and CNBC, and in The New York Times, Time, Newsweek, and many other publications. He is a professor of economics at Southern Methodist University, Dallas.

Batra is best known for his forecasts based on examining historical cycles. Only two of his many predictions have proven incorrect. Otherwise, his track record for forecasting has “proved close to the mark” (The New York Times), and “has won glowing praise from many pragmatic investment masters” (Chicago Tribune).

In a book titled The Downfall of Capitalism and Communism published in 1978, Batra predicted that both systems would collapse around the year 2000, give or take a decade, or starting about 1990. Since the Berlin wall fall in November 1989, this prophecy was right on dot. In fact, for this prediction, Batra was awarded a Medal of the Italian Senate by the Italian prime minister in October 1990. Batra also predicted in 1978 that a revolution would occur in Iran in 1979 and that the priesthood would take over. He went on to explain his analysis in his 1980 book, The Muslim Civilization and the Crisis in Iran, in which he made a startling forecast that Islam would convulse the Western World around 2000, something that came to pass in the 9/11 massacre in 2001.



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[housewolf]

1. I am watching him on BookTV now..

VERRRYyy interesting!

Should be required reading for all of us