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Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"
It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add.
Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.
He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.
“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”
...
He observed that history shows central banks can only prick bubbles at great economic cost. “It’s only by bringing the economy down can you burst the bubble,” and that was a step he wasn't willing to take while helming the Fed, he said.
...
The question of when officials should begin raising interest rates is “one of those questions I cannot answer,” Mr. Greenspan said.
He also said, “I don’t think it’s possible” for the Fed to end its easy-money policies in a trouble-free manner....
"Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different, Mr. Greenspan said.
...
“I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves,” Mr. Greenspan he said.
And finally - while CNBC's audience is told what a terrible thing gold is, "The Maestro", having personally created the financial cataclysm the world finds itself in following a lifetime of belief in fiat, Keynesian ideology and "fixing" one bubble with an even greater and more destructive asset bubble, has suddenly had an epiphany and now has a very different message from the one he preached during his decades as the head of the Fed.
Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.
What Greenspan failed to add is that it is thanks to his disastrous policies (subsequently adopted by Bernanke and Yellen) that gold is the "place to put money."
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May the Road You Choose Be the Right One™
Greenspan's 'flaw' in his world view was his fucking brain. Anyone that would state that Greenspan 'was right' all along must have drank from the same Kool-Aid picture that was tainted by the Chicago School and Neo-Liberalism IMHO. Stack all the chips you want, but when the fat lady sings
the Casino will be closed for good. Reconfiguration of Casino Capitalism into a workable alternative is not possible at this late a stage in the end game. If you think there is safe haven when Titanic hits that iceburg dead-ahead you are mistaken. Stack away and fill your hat, boots, and pockets. Without 'lifeboats' you will sink to the bottom of the ocean just
like everything else on deck. And even if you make it to a 'lifeboat' you will still need to battle the elements, and find food, water, shelter. The classless kleptocrats cannot all run to an island at the same time if infrastructure is non-existent in the way of transportation routes to bug out. Greenspan will not bug out and he will be hung from the nearest tree limb when this thing finally blows. Keep stacking, Save America 1st, and Fuck Everyone Else 2nd. Great logic, Bucko!
you just don't get it, and you assume way too much as far as stackers like myself go.
For one, Greenspan is right. Does that mean it's right for all of us who have been swindled under this system for most of our lives??? Absolutely not. But as I speculated before, I'm saying he's probabaly right because a long time ago he knew from his very high level that the only way to get rid of this fucked up system was to wreck the fuck out of it. I think he views the system as a heroin addict who needs to hit rock bottom before they can snap out of it and recover. History does rhyme. And all systems rise, peak, fade, then fail. So he set us on this course...he and a lot of other people along with him. It's been a long battle taking decades, but that's just how it goes. Can't cry about it...just prepare as best we can.
And secondly, you assume stackers like myself only stack phyzz and don't "stack" anything else? Wrong across the board, "Bucko" (nice word...real sharp).
As I've always said...stack phyzz right along with guns, ammo, food, water, fuel, medical gear, fishing/hunting/camping gear, etc. Stack it all. Budget wisely. Stack cash too...it will still be needed after the SHTF, but just don't keep it in the banking system...get it out and stash it. Might all that make us stackers targets? Yeah, well, fine. Bring it on. That's where our preparedness, guns and ammo comes into play. If we have to fight to defend ourselves and others, you're damn fucking right that we will.
Fuck everyone else??? I didn't say that. But in a more subtle and common sense way, what else are we supposed to do? We have to prepare for ourselves first and foremost. Do you not think most of us haven't talked with as many of our friends and family as we possibly could about waking the fuck up and getting prepared by stacking phyzz and everything else???? Of course we have.
What do you think our success rate is after so many years of trying to wake others up? Hell...we can't win everyone over, but we put ourselves out there to everyone trying our asses off. Many just ignore it all together. They'd rather put their faces down in their iDiot phones, waste their lives on FraudBook and be Twits all day, and talk to each other about Dancing with the sheep-tards and see how far they can shove their heads up Kim Kardashian's big fat ass.
That gets old for the rest of us after a while who are awake and just can't deal with people too wrapped up in their cognitive dissonance and normalcy bias. So it's not "fuck everyone else"...it's just that we all have banged our heads against that shit with most people for so long that we know it's time to move on, so you're damn fucking right that we will take care of ourselves first and prepare for anything we think is coming our way.
We also know that people eventually wake up on their own. We can't force it...we can only light the pathway for them. But they have to choose to walk that path and decide when they want to take the first steps. We know that, so we continue on our way.
I will say though that I'm pretty proud of the fact that I woke myself up on my own by finding ZH, Turd, and many other awesome websites and people who do podcasts and vids, etc. Mike Maloney, Chris Martenson, etc. etc. The list is long as we all know.
But I'm also proud that of the literally dozens of people I've tried to talk to about all this and help over the last 7 years or so, I've been able to wake up 6 people who are now verified stackers and who now know what the fuck is really going on. That's 6 people who have family and other friends that they're now trying to work on. So it does pay off to try and help others. It's just that the success rate isn't that high and it can be extremely frustrating from time to time.
And equating stacking silver and gold to casino chips is entirely incorrect. I don't know where you come up with something so completely false. You may as well have told everyone else on here that "you can't eat silver or gold" while you were at it. LOL
Both are totally ridiculous comments. Dollars and all fiat currencies are the casino chips, "Bucko". And stackers are the people who shun the casino and don't play the casino games. We're the ones who watch the sheep who continue to play the casino game and lose their fiat over and over again while trying to tell them that, "pssssst....hey...don't you know the game is rigged against you??? Here's how you really win by not playing and stacking phyzz.".
We can't wait for that casino to close down. What the hell do you think we're talking about here??? We're preparing for it. You're the one who seems to have drank a little too much Kool-Aid from that "picture", dude. Everything you said is straight outta the troll playbook, so at this point I'm going to have to assume that's what you are since you're very new around here and most newbies lately have been total trolls.
Especially anyone who uses the word "Capitalism" as a perjorative. Capitalism has nothing to do with this system. Call it "Crony Capitalism" and that's just a term made up by the leftists, Marxists, socialists, etc. You may as well call us all racists, bigots, "right winger" gun nuts, etc. etc. Your typical brainwashed, Leftist, psycho-babble.
You need to chelate your mind, "Bucko". Too much fluoride in your drinking water...lowers the IQ tremendously. Here...instead of suggesting that you buy silver "casino chips", I'll recommend you buy a ProPur water filtration system: http://store.infowars.com/Propur-G20-Big-With-ProOne-G20-Filters_p_1257.html
Don't waste your time or "money" on stacking phyzz. Leave that to the rest of us who only care about ourselves. ;-)
EDIT: I will correct myself a bit regarding Greenspan being right. I'll say that he's only partially right about buying gold. He's obviously talking to those with deep pockets, not us small-time stackers.
So for us he's not entirely correct...we need to buy silver right now and continue stacking it like crazy while this GSR is now over 72.5:1
This is the opportunity of a lifetime for many of us and we have to take advantage as much as we can.
Buy phyzz silver!
I have been on-line Internet since 1995 and while I am a newbie on
Z/H, I am not an Internet newbie whatsoever. I appreciate the response
you gave and I understand why you are 'stacking'. When SHTF remember to share everything you have with everyone in need. Kindness is more important than survival itself IMHO. Remember to keep your humanity
before chowing down on Zombies, Save America 1st.
Suppose, at some time in the near future, there are 'emergcy conditions' attendent upon a severe economic downturn. For the sake of consideration, suppose futher that then fully militarized police state declares that it is highly illegal (treasonous) for prvate citizens to hold, trade, or otherwise transfer gold.
Indeed, what a PoS. I really don't like using terms like that but he's kicking the fed now he's out of it. Slimeball.
DavidC
Holy cow ,my garbage can is talking ........
Sometimes I think GOD is allowing an ancient like Greenspan to live long enough to see the catastrophic results of his "work" to give him a final opportunity to repent.
A quaint thought, but I don't think these "people" are capable of remorse.
A. Hitler repented in the bunker, about a half hour before Ava blew a hole in his head. He accepted Jesus Christ as his savior, and by the grace of God he was forgiven, and now he resides happily in an Avenue mansion in heaven.
(Yes, if there are streets in heaven, there must be avenues.)
I saw this fucker eat a whole head of lettuce once, at the zoo in the Galapagos tortoise exhibit...even then it took him a half hour...everytime I see Andrea Mitchell on TV I feel sorry for her and wonder why she likes to fuck turtles so much?
Scott Nations is a simple minded panty waist fucktard who does not belong in any serious discussion of economics. Alan Greenscum is brain addled penis breath cunt who doesn't have any credibility to be listened to on any matter. And that's all I have to say about that
Berspanke ++1, and props for this man..lol
"Alan Greenscum is brain addled penis breath cunt who doesn't have any credibility to be listened to on any matter"
has mr magoo gotten some religion?
And fuck the bus Mr. Greenspan rolled in on too, damn it.
NOTE: As a metaphysician one must fuck everything to do with Alan Greenspan including the degree mills that gave him accreditation, the cities where he was educated, the cars and buses he traveled in, the ruling classless kleptocrats he hangs with, his birthplace, his parents, and his goldfish Fannie & Freddie. Greenspan is a man that put himself and his greed ahead of the very life you live and you as a person. Greenspan is,
and always will be, PUBLIC ENEMY #1 without equivocation IMHO. No single individual in the historiography of the World has ever screwed over
as many people as Mr. Alan Greenspan. Frankly, after much thought about Greenspan over the years I would have to place him in league with the most evil of people the World has ever had the displeasure of knowing. Greenspan is off my Christams card list forever. And he was not a nice guy, or even remotely intelligent IMHO.
NOTE #2: http://edge.org/conversation/can-science-help-solve-the-economic-crisis [long read but worth the time]
I agree, Greenspam is Evil, patient 0.
W
When has Greenspan ever been right? Seriously, when was the last time?
What's he doing at the CFR? It just gets worser and worser...
I just wonder who he was directing his words to, was the message for his CFR cronies or was it a nod and a wink to the stupid public who would never get it anyway.
http://www.americanbanker.com/175/greenspan-urges-glass-steagall-repeal-... Lying fuckstickGreenie, you fuck, who was it that "blessed" the derivative market / repeal of glass steagall/, you fucking two-faced "full head of hair" fuck"?
Where were you when it counted"? getting paid by Dimon and Blankfein..you fucking ass hole
"irrational exuberance,”? ..you fucking lying sack of gelatinous pos
Greenie-fuck, circa 1987 re repeal of glass steagall...fucking ass wipe. If you look hard enough you can probably see Larry Summers on his knees under Greenspn's table
http://www.youtube.com/watch?v=XThXxkL2b4M
buy gold - my eyes went just "puff!" :D
Whoa....wtf greenie, you gurgler, hate to say what that looks like homes, check yo sef, b4 u reck urself
http://www.youtube.com/watch?v=5aAbOgdbTbM
Deliverance!
He sure do gotta purdy mouth!
Chinese Gold Demand 1541t YTD
https://www.bullionstar.com/blog/koos-jansen/chinese-gold-demand-1541t-y...
Greenspan is busy "sticking his dick in the mashed potatoes" again, I see.
Eewwwww, I'll never put sour cream on the 'taters again!
https://www.facebook.com/pages/sticking-his-dick-in-the-mashed-potatoes-...
This motherfucker literally talks out of two sides of his lying fucking mouth.
He actually was for buying gold, before he was against it.
Its been a tradition to talk out of two sides of his mouth.
The Bernank learned from the Maestro...
Bernanke never really mastered it - he was too self conscious of his lying to be good at it, not sociopathic enough. J-Yell is better at it, although I think in her case it's because she actually believes her own bullshit.
I actually think he is talkiing out of two sides of his ass.
Greenspan's definitely an ass-to-mouth old fuck, and picture the fact
that his wife is Andrea Mitchell.
eeeeeeeeeesh.
Andrea is considered eye candy by FED types.
You should buy physical gold because it's a valuable substance that CANNOT BE MULTIPLIED ad infinitum by TPTB, not because some jerk says so. It's really just common sense... a fifth grader could figure it.
You don't "Buy" precious metals, you exchange paper debt notes for value specified by supply/demand/rarity. Buying cannotes price and price hinges on market value, the markets are rigged so price is irrelavent.
You don't "Buy" precious metals, you exchange paper debt notes for value specified by supply/demand/rarity. Buying cannotes price and price hinges on market value, the markets are rigged so price is irrelavent.
I enjoyed Holter's take on this: http://news.goldseek.com/GoldSeek/1414591980.php
Loved this part too.
"He also mentioned the adjustable rate market as what in his words "blew the market apart". "
He was the person that told everyone thinking about a mortgage, from gardeners to millionaires to get ARMs. He essentially said there is NO REASON to get a 30 year mortgage ever again.
He would have been right if Bernanke didnt come in and jack up rates and sink the whole housing market. Anyone who got an adjustable in 2006 & 2007 and managed to stay on top of it has fared very well to this point, although there were a few tough years.That said i wouldnt do anything that Greenspan suggest that I should do. I think they need people to buy so they can keep shorting.
Some circular argument about expanding balance sheets making households wealthier so they could increase leverage, if I recall.
It's that kind of party.
Good old Beasties Boys covering Mantan Moreland - https://www.youtube.com/watch?v=smrJ7459pj0
Andrea Mitchell as "mashed potato"
More like major meat curtains.
andrea mitchell = the bride of frankenstein
Mo' Mantan, Less Greenspan. The world would be a better and funnier place.
Thanks..NotApp...for the nasal wassh and sticky keyboard...Fuck..
no reading and drinking at the Hedge!
Andrea Mitchell starring as mashed potatoes
Wow... Right before the FOMC to end QE3 he says this?
seriously..
Good call
+1
I'd say Greenspan must have a nailgun with his name on it, but his ID chip probably says KMA.
Fuck you Greenspan! Fuck you all the way to the Ebola river!
I swear at lunch today I heard a lady order "ebola soup". Now I'm getting concerned.
He must be near death.
Natural or unnatural, that is the question...
Well that's rich coming from Alan. Next Hank Paulson will say the bailouts were a bad idea.
Like pissing on the carpet and complaining then stain is going to be hard to get out.
(figured I would use a senile analogy for the hoping to be soon deceased Greenspan)
pods
Greenspan was in favor of gold in the 70's. He changed his tune when he became head of the Fed. Nothing personal, just a job.
All of this has been about Israel and not the USA. Move along...
At least he's right for a change.
If Greenspan is saying now to buy it, I'm getting worried about holding the stuff.
You're right. Sell it all and get you some Netflix and TBills.
If Greenspan is saying now to buy it, I'm getting worried about holding the stuff.
Since the Merikan public has the attention span of a fruit fly, this will make sense to them. So, gold...is...good, then, right?
So can we expect the same two-faced flip-flop mealy-mouthed moonwalk from Bernanke in 10 years?
I'm kind of guessing he'll never be heard from again in the MSM.
Words from a very evil "two-faced" motherfucker!
May you Volker, Bernanke and Yellen all rot in Hell!!!
hey. easy on Volker. i wouldn't classify him in that same group of asshats.
Volcker went on to work on the Rothschilds payroll & is a Bilderberg frequenter which makes him a 'de facto' @sshat
http://www.youtube.com/watch?v=3yA-Yu0kI6c
+1 for "defacto ass hat, and another +1 for, ya i didn't really want to go there - the cabal and all, but, you're right....defacto asshat he is.
They all have declared war on gold.
Greenspam gets no free ride from me on that.
such a loser. he f**ked this all up and still has something to say....
Everything is always easier in hindsight isn't it Alan? Isn't there a senior home this asshat can be placed in so nobody has to listen to his bullshit?
www.traderzoo.mobi
Wow! Gold is skyrocketing on this news, it's only down 3 bucks ahead of the Fed announcement! This is it, this is the day the criminal insiders who run the Comex and write the rulebook finally get screwed! I can feel it! Time to go long the miners!!! LOL
I'm down 94% on my NUGT, got to be a bottom somewhere? lol...
I think you should find some good support at 0.
it will do at least 5 reverse splits before that, so I have that going for me...
Indeed, at least you will have many shares at the end!
wait, what? did he get visited by 3 ghosts last night?
"wait, what? did he get visited by 3 ghosts last night?"
Yes, the three ghosts of Nail-Gun, Guillotine and "Return."
An American, not US subject.
"My guillotine is my permit to possess a guillotine."
"An American, not US subject."
I have seen you write this a few times. Can you explain what it means?
Thanks
A South African
Prolly making a stand to NOT be identified as 'chattel' according to the United States of America Corporation [1871]
It is to remind my fellow Americans, and foreigners, that we, the American people, are not the criminals of the DC US.
We Americans, and the land that we inhabit, are the American country. The DC US, United States Government, at all levels, is a criminal usurper, occupier, and treasonous oppressor of the American country.
It is the idea, and attitude, that we, the American people, are citizens of the American country, and are not subjects of the DC US--it is a nascent declaration of independence.
I do not know a lot about South Africa, but ponder if you identify as a South African, or Praetorian (or Cape Townian). Imagine how important how one identifies becomes if Pretoria were invading, killing and terrorizing large parts of the world and building a police-state at home. If you support it, you might identify with Pretoria. If not, as a South African.
Most of all, it is to get people thinking about it, because it will become more and more important as the American people and DC US move closer and closer to a condition of more open conflict.
The clash at the Bundy ranch highlighted for all to see the difference between American, and DC US.
An American, not US subject.
The USA is a corporation and DC is the executive of that corporation.
The shareholders are responsible for the executive they elect to act for them. If you refuse to do as your Constitution informs you to do that does not mean that you are exempt from responsibility for the action of an executive that you failed to turf out of office. One is culpable for the wars of the BUSH administration and their destruction of civil liberties after 911.
One cannot turn the other cheek to the wilfull destruction that the CFR and White House have wrought upon the Middle East, but Americans, and not 'subjects', did exactly that after Iraq was decimated via Americans, and not 'subjects'. Face the facts that the USA rapes, pillages, and destroys whole countries for profit margin, political power, and subterfuge over oil field rights of ownership, not US 'subjects'. And the 'Bundy Ranch' fiasco highlighted that DC needs more cops, guns, ammo, and weaponized Ebola to deal with those pesky numbers of individuals that come out of the woodwork when the media reports on things like the 'Bundy Ranch'. American media controlled what happened at the Bundy Ranch via TV and a country full of couch potatoes and armchair quarterbacks with Internet connections and no employment other than a part time job at best. When talking matters USA it is pretty easy to generalize IMHO.
Yes, Moe, Larry and Curley, the original Fed Govenors.
I don't know what is worse, him stealing and lying all of those years, or the spinning all of those years of thieving and lying now.
An American, not US subject.
"I have an irrational exuberance for guillotines."
why would you think he stopped lying? there is something behind this, and NO it is not his feeling guilty.
he is a tribesman. they do not 'confess sins'. he has no sins. he has no afterlife. read up on it. judaisim has no afterlife based on good or bad deeds done in a lifetime.
Even Dr. Frankenstein expressed regret about the monster he created....
Isn't "regret" a pretty large assumption?!
An American, not US subject.
"They lie about everything, always. So why would they be lying now?"
"He observed that history shows central banks can only prick bubbles at great economic cost. “It’s only by bringing the economy down can you burst the bubble,” and that was a step he wasn't willing to take while helming the Fed, he said."
How about not purposefully creating them in the first place, crackhead?
exactly what Schiff was saying yesterday
It IS time to start maniacal laughter!
I gave you an up arrow but I'd hold off until next wednesday.
It was NEVER intended to work.
It was simply bailout of CONNECTED insolvent bank lobby oligarchs to the detriment of other oligarchs
They all knew economy would be harmed by design and went ahead and did it anyway.
It worked exactly like it was supposed to work. It kept the system flowing on life support and allowed the elite to prepare for the system's inevitable demise. Now what it was never intended to do was help the eCONomy. Anybody with even the smallest inkling of how the eCONomy works knows that nothing can be resolved until debt is wiped out and overcapacity issues are addressed.
no objection
ekm1 - sometimes you are correct. sometimes you are wrong.
engali is generally more correct.
it did EXACTLY what it was supposed to do, it was brilliant. it took a long time to come to this.
please - i hope as many readers as possible read this, and learn.
for most of the history of mankind - some leading thug showed up at your home, with armed men behind them and took from you whatever they wanted.
the USA still does that in second and third world countries, because the people haven't established enough wealth to have a central bank and digital accountsl.
in the first world - they finally figured out how to transfer the money from your pocket to theirs, without the need of armed men, or even showing up at your door.
it took computing power to do this, and it is brilliant. honestly - i prefer this form of rape. the financial rape remains, but the physical is done away.
lloyd and jamie - thanks! you did god's work. you preserved life.
anybody think this is sarcasm or joking, it is not.
I'd argue that it worked perfectly as it transfered the title of OWNERSHIP to the Fed.
Power and control of real resources is paramont and what this is and has always been about.
power and control are seized by using bullets, not digits on computers.
You know that beter than I do, as a former military
The senile old "maestro"finally gets something right.
Greenspan knows everything and he knows what is right.
His position forces him to mislead. It is part of job of the Fed chairman, basically the main job.
Sometimes they talk straight, as now
Yes, as Hans-Werner Sinn said in a conference posted here in ZH, these people only talk straight BEFORE or AFTER being "in charge".
Funny.
Fuck them.
Which basically means he is both a LIAR and a CHEAT.
Jackpot, with Greenspam you get a two-fer
i felt like charlie brown waiting for the football to get pulled away. i do not know what to thing. i think he is lying for his goldman friends advantage. i just can't believe it. i do not trust it.
Heretic! Infidel!! Unbeliever!! Fiat uber alles!!
Is this the Onion?
What happened? Did the medication program end?
bullard talks of "normalizing" interest rates end of september
dow tanks 1500 points and was in a complete free-fall
bullard lay's the groundwork for QE4 creating a perfectly shapped "V" bottom short-term
market has recovered north of 80% of the losses "normalization of rates"-to-"QE4 talk"
anyone who has ever requested what "evidence" you need that this market CANNOT SURVIVE WITHOUT QE, im really not sure what the fuck else you need besides those 2 times lines & a 3 month chart of the S&P500
this entire experiment is predicated on rates staying low - they lose control for whatever reason and its GAME OVER
he started all this shit by lowering rates often......the maestro.....fed managed economy..........and now he's saying those who followed his lead failed. is this the moment of clarity before death? i doubt that.....i think for ONE time he wants to be right. its his ego speaking.
Draghi flings a trillion Euro at the banksters.The clarification is at Beppi Grillo's site:
http://www.beppegrillo.it/en/
Bernanke to Ron Paul..."Gold isn't money."
https://www.youtube.com/watch?v=jyTBhsEliUE
What a motherfucker, he started this whole shit.
He said THAT?!?!
Stunning!
Greeny is close enough to death that he simply doesn't give a fuck. This is why governments should be afraid of old people. The most dangerous thing is a man with nothing to lose.
Gold my arse. Don't listen to him. DX Up; Gold Down. I could be wrong, but if Deflation is going to hit, Gold ain't the place to be.
I was there in 2007. It did not work. Never trust Gollum.
In a deflation gold will go down, but bonds and debt will be defaulted and several companies may be wiped out by bankruptcy. Also $700T derivative bomb ticking in the background.
Gold may go down. Everything else will go to zero.
Also, you can keep gold outside the system without anyone knowing about it. Gold does not get bailed in.
Everything except Cash (is King) and short funds, UUP... Lot more fun to buy the Gold back in the mid 200s, like the 90's. Nothing wrong with Gold, but it wasn't much fun to hold in 2007.
He was speaking to the CFR. Think he's going to lie to them?
oi vey!
Here comes the Nail-Gun!
Re; Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.
Overcome by a raging fit of honesty.
He will soon sucumb to multiple high velocity cerebral hemorages.
Will be reported as self inflicted.
I think we've learned enough from the hard knocks of his suggestions and advice.
Run the other way!
And that's the central bankers Circle of Life.
Doesnt lowering the interest rate have the same effect as QE you douche bag!
Nothing says malinvestment like easy credit.
Was he lying to us the whole time and just grew a conscience?
deflation isn't good for gold you dipshit
Gold doesn't inflate or deflate. Buy an ounce of gold, and one hundred years from now, it will still be an ounce of gold. Who were you calling a dipshit?
I'm calling you a dipshit. 300 to 1800 to 1100 in 10 fucking years, don't tell me it doesn't inflate or deflate. Do you think the the dollar lost its value by a multiple of 6 in like 8 years??? Don't give me some canned answer that I learned on some goldbug website twenty years ago. You don't know what the fuck you are talking about.
You've got it exactly backwards. When the "price" of Gold goes up, that necessarily means the value of the dollar has gone down (more dollars are required to obtain in trade for an equivalent amount of gold). That you think gold is price in dollars and not the other way around shows your ignorance with regard to true wealth accumulation.
And yes, the dollar is in the tank. Since 1913 (inception of the Federal Reserve) the value of the dollar in absolute purchasing potential is down over 98%.
Gold is money. Everything else are promises backed by nothing.
P.S. You fail to understand the difference between price and value. They are not often coincident.
reread my post until you understand it, gold went from 300 to 1800 in how many years? how much did the dollar devalue in the same number of years? it's not the same, do you understand that it's not the same? anything can be priced in anything, it matters not. I understand value, I search value every day of my life. Gold has price swings like anything else. How can gold drop 5% in a day and the doll are barely move. people junk me and they don't know what the fuck they are talking about.
Annnnnnddddd, right over your head.
"How can gold drop 5% in a day and the doll (sic) are (sic) barely move."
The price may drop by 5%, but the value remains the same.
"people junk me and they don't know what the fuck they are talking about."
So you're saying that its not uncommon to be junked by your fellow reader. Hmmm. Can you put 2 and 2 together?
Deflation is good for gold. Raising real interest rates are bad for gold.
Inflation is good for silver. Raising real interest rates are bad for silver.
Choose wisely.
"Boosting asset prices, however, has been “a terrific success.”"
but but Yellen sees stocks as fairly valued
is it possible to hammer nails in slow real slow.
is it possible that crucifixtion as a means of killing can be slowed.
saturn demon time can be manipulated
certain jewish folks think they hold all the answers and the keys to the tree of life
because they are special unique the chosen.
to crucify a human being is base demonic and cruel
to nail up slow alan greenspan would be righteous and a goodly thing to do.
men that have raped children in masonic caananite ritual deserve pain and pain and some torture.
Dude, he's married to ANDREA MITCHELL
is that not punishment enough?
Wait..
This just in, breaking...
Justin Bieber has been arrested.
ROFL
was he with Andrea?
Hijacking a granny! that gets u 5 years for sure!
If you're referring to her physical appearance, the woman's pushing 70; not too many women are easy on the eye at that age.
Frankly, would you rather be Alan looking at Andrea, or Andrea looking at Alan? I think she's the one most in need of eye-bleach every night.
In that case I'll take Greenspasms gold teeth before he dies.
I think Geo. Soros has first dibs on Greenie's gold teeth.
That's how Soros made his first real money you know, ripping gold teeth out of corpses in Hitler's death camps.
I guess gold will drop another $100-$200 after Alan's recommendation, and only then we can start buying it...
Okay, I am getting old, but this guy? I was calling him "Greedscam" over a decade ago! Are we not ready for him to shut the fuck up about the economy? America's financialized and market manipulated "wealth effect", "housing bubble" "student loan" and general "debt = growth" ecnomic models stem from Mr. Greenspan.
He read a couple books by Ms Rand, formulated a few simple ideas and took them to Washington. Thus began the slow death of industrial and inovative hard working America, replaced with Mr. Greedscams financialized wealth effect money printing banana republic police state 1% paradise.
If you work for wages or own a small business, both of which I have been, then "Greedscam" has been an all out fucking disaster for us. Look at income growth, look at wealth accumulation. These speak louder than words! And they both Damn Mr. Greenspan to Hell!
Greedscam did moar than just "read a couple of books by Ayn Rand". He was a part of "The Collective", her inner most circle and they even had an affair.
I find it funny that Zero Hedgers like to cover up the connection between Rand and Greenspan. Hats off to LetThemEatRand the only one on here with courage to expose this topic. Greenspan's reign at the Fed was basically Ayn Rand's theories put into motion, and they didn't turn out so well.
Back in the 60's, Greenspan lectured at Rand & Nat Brandon's Objectivist Institute.
They held their weekly sessions @ The Waldorf-Astoria hotel.
Rand & Brandon would have their philosophical talks, and Greenspan would talk about economics and the role of gold.
Greedscam did moar than just "read a couple of books by Ayn Rand". He was a part of "The Collective", her inner most circle and they even had an affair.
No shit? Wow. She was ugly as a bag of assholes.
who needs a laugh?
Treasury's Lew says Europe needs responsible fiscal policy - Reuters
http://www.reuters.com/article/2014/10/29/us-safrica-usa-idUSKBN0II0W220141029