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Alan Greenspan Warns: There Will Be a “Significant Market Event... Something Big Is Going To Happen”

Tyler Durden's picture




 

Submited by Mac Slavo via SHTFPlan.com,

With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.

But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider conversations and government machinations that have brought us to where we are today.

Greenspan recently joined veteran resource analyst Brien Lundin at the New Orleans Investment Conference to share some of his thoughts. According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.

We asked him where he thought the gold price will be in five years and he said “measurably higher.”

 

In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.

 

He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.

Watch the full interview:


(Watch at Future Money Trends)

If we are in fact staring a major market event in the face as Alan Greenspan proposes then wealth preservation should be a key tenet of any preparedness strategy going forward. Greenspan himself, somewhat ironically, was a gold bug and proponent of sound money prior to his appointment as the chairman of the Fed. And though he didn’t discuss it much during his tenure, he is now actively saying that we can expect to see gold markedly higher within the next five years.

His assessment is likely based on concerns over the U.S. dollar which will, as Lundin notes, more than likely suffer a currency devaluation at some point in the future.

The end has to come at some point...  If you look at a chart of the U.S. dollar index it has gone nearly parabolic in the last few months… In any market that is so one sided, that is accelerating so rapidly, that trend will end… it will most likely end in a fairly violent fashion.

And if gold rises as a result, so too will other resource assets in the energy and mining sectors. What it boils down to is that the assets that are necessary to keep our system operating will always have value, and that is especially true in a situation where the U.S. dollar happens to be crashing. Uranium , for example, powers one in five American homes, which means that it will always be a necessary resource, regardless of what the dollar does or doesn’t do. Lundin’s assessment is echoed by Uranium Energy Corp CEO Amir Adnani, who recently said we may well see a “resurgence” in the price of this and natural resources like gold.

The same can be said for oil and agriculture resources.

They will always have value, regardless of whether the dollar is strong or violently collapses under its own weight.

Thus, when we consider ways to preserve wealth and insulate ourselves from the coming destruction of our currency one must consider holding physical assets. For some that means stockpiling food and other supplies in anticipation of Greenspan’s market event that could adversely affect credit flows and delivery of essential goods. For others who may currently hold stocks, U.S. Treasurys, or cash, diversifying your portfolio with well managed resource-based companies will not only preserve wealth during currency volatility, but build it as the value of real, physical assets rises.

The man who is essentially the architect responsible for domestic monetary policy under four U.S. Presidents has now said that a significant market event will take place when the Fed is eventually forced to exit their monetary easing and zero-interest rate policies.

Are you prepared for that day?

 

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Sun, 02/22/2015 - 23:20 | 5817095 SMG
SMG's picture

Yea so he's being honest now.  Question is why now after so many years of lies?

Sun, 02/22/2015 - 23:23 | 5817116 pods
pods's picture

He stopped being a "Luciferian" and is now a Christian?

pods

Sun, 02/22/2015 - 23:30 | 5817147 Ignatius
Ignatius's picture

"Nedermeyer, dead.  Greenspan, dead,  Paulson, dead...."

Sun, 02/22/2015 - 23:42 | 5817189 kliguy38
kliguy38's picture

Does he think this death bed confession will keep him from burning in hell??????

Sun, 02/22/2015 - 23:45 | 5817204 nmewn
nmewn's picture

(Clasps hand over mouth)

Oh noes! Not paper wealth ponzi destruction!

What about the cheeeeeldrun!?

Sun, 02/22/2015 - 23:48 | 5817208 Harlequin001
Harlequin001's picture

Education, that'll solve it! (deap pan straight face) snigger, snigger...

Sun, 02/22/2015 - 23:48 | 5817215 Save_America1st
Save_America1st's picture

just sharing:  New aggregator site I just found that pretty much includes all kick ass sites (like ZH) all in one as well as video blog/podcast links.  Very cool...just in case any of you all hadn't found it yet.  I have no affiliation or anything like that...just think it includes essential informational sites for all our interests and purposes.

http://thelibertymill.com/

Sun, 02/22/2015 - 23:53 | 5817235 Save_America1st
Save_America1st's picture

If you've ever read or kept up with Bix Wier's theory at Road to Roota then none of this will surprise you as far as Greenspan goes.

The theory, since it's very well documents that Greenspan was always a gold supporter until he was made head of the FED, is that he took the job and pushed us down this road to destruction specifically because he is a gold supporter.

He knew the path was already set towards fiat currency world-wide and he knew the only way to destroy fiat was to go along and speed up the process so that once it all collapsed we would come back to a gold/precious metals backed/based world monetary system.

I dunno.  Could be true and so now he's finally seeing the end coming and since he has been lucky to still be alive at this point in history he's deciding to speak out for gold since he has nothing to lose.

We'll see.  The fiat system is definitely dead.  It's just a zombie now being propped up by zombie banks. 

Just keep stackin' bitchez.  Do what Greenspan says and stack the fuck outta phyzz PM's. 

Sun, 02/22/2015 - 23:58 | 5817252 Squid-puppets a...
Squid-puppets a-go-go's picture

thats a theory to hold in contention, but i think greenspan would be more vociferously advocating gold, more frequently and well before now if that were the case

Mon, 02/23/2015 - 00:08 | 5817275 Publicus
Publicus's picture

Sound's like a terrorist, let's put him in jail.

Mon, 02/23/2015 - 00:15 | 5817300 cornfritter
cornfritter's picture

Greenspan is a master of plausible deniability.  He still has one narrow gate available, maybe smart enough to sneak in.  But the argument that he was in some way benevolent I aint buying.  Each person has to make the decision whether to dance for the devil or not, and that fellow makes Estaire look like an amateur.

 

Mon, 02/23/2015 - 01:03 | 5817419 Fish Gone Bad
Fish Gone Bad's picture

That brings the traitorous Liesman and Cramer to mind.

Mon, 02/23/2015 - 01:11 | 5817423 BuddyEffed
BuddyEffed's picture

Looks like Greenspan is setting suckers up for another short covering rally.  It's like a cleansing ritual.  They get quite the kick out of it I bet.

They probably got a lot of peoples horses pullin a wagon up in Kansas.  -- semi Lone Wadi

Mon, 02/23/2015 - 01:25 | 5817454 rccalhoun
rccalhoun's picture

if bernanke suddenly becomes a gold bug....im selling mine

Mon, 02/23/2015 - 03:27 | 5817475 Richard Chesler
Richard Chesler's picture

Syphilitic Jew scumbag.

DOW 30,000.

America, Fuck Yea!

Mon, 02/23/2015 - 05:32 | 5817670 Bokkenrijder
Bokkenrijder's picture

Just one more person plugging his 'gold newsletter.'

The one thing I really liked though is that Brian seems very honest about his 2015 gold price prediction, contrary to the usual suspects who are permanently 'calling a bottom.'

p.s. @ Richard Chesler, there are plenty of Jewish goldbugs as well, for example Peter Schiff, so what does Greenspan's Jewish roots have to do with anything? Out of the very few colleagues that actually own gold, most are Jewish and the others are Greek, and they work just as hard for their pay cheque as myself.

The antisememite rants frequently shown here just proves to the whole world that people have basically ran out of intellectual arguments, so therefore it's "the Jew's fault' or it's 'market manipulation' when things don't work out as they'd hoped. It's the same argument that you hear from the blue collar proletariat, you knnow, the ones that are too dumb for a real job and in their ignorance and frustration they vote for extreme left or right wing parties. If "the Jews are behind it all," then why not convert or copy them (like Doug the Head in Snatch) and become filthy rich as well? I know plenty of middle class Jews who work very hard for a living and don't get any handouts or favours from "The Tribe," the Mossad or their local synagoge. Or are you hoping ('hopium') and praying that "this time it will be differrent" and the whole world collapses so that your gold will finally have the upper hand?

Perhaps ZH should become a pay site, in order to keep out the proletariat red neck riff raff?

Mon, 02/23/2015 - 05:39 | 5817680 winchester
winchester's picture

he lost me at " will take place when"  so, according to the plan, as will never stop qe and nirp, no pb so far....

Mon, 02/23/2015 - 06:56 | 5817717 bwh1214
bwh1214's picture

Alan has been speaking more and more truth all the time, this after the gold comment.  I think he's trying to buy his soul back.

Here's a great overview of how we got to this point if anyone is is interested or wants to introduce someone else. 

http://debtcrash.blogspot.com/2015/02/history-and-introduction.html

Mon, 02/23/2015 - 09:39 | 5817940 drdolittle
drdolittle's picture

Nah, just trying to make it not his fault. Most sheeple will eat it up, ZH crowd won't let him off the hook. Upside down from a streetlight boy.

Mon, 02/23/2015 - 10:26 | 5818076 ATM
ATM's picture

It's not his fault. He was offered the chance to be king for a day and took it. Head of the Fed isn't going to change the system but he did get to play God for a while and it should be obvious the guy has a masive ego.

Mon, 02/23/2015 - 17:02 | 5819676 Implied Violins
Implied Violins's picture

Upside down from a streetlight boy...

Whack that reptilian bad boy with a pinata stick and watch all the babies fly out...man is EVIL Incarnate, always was and always will be - even in his next incarnation.

Mon, 02/23/2015 - 10:01 | 5817989 Richard Chesler
Richard Chesler's picture

@Bokkenrijder

Some of my best friends are jews yet, for over 2000 years Jews have been expulsed from various countries the world over - an average of nearly one expulsion every twenty-one years. Jews were expelled from England, France, Austria, Germany, Lithuania, Spain, Portugal, Bohemia, Moravia and seventy-one other countries, just in the last 1700 years.

Having the power of accurate observation might make me a cynic but certainly not an anti semite.

Mon, 02/23/2015 - 11:21 | 5818227 7againstThebes
7againstThebes's picture

Bokkenreijder,

    I think you made a serious post about Jews, and I am going to try to give a serious answer.

   It would be hard to argue that Jews have not replaced the old wasp elite, and are now the dominant group in America.

That Jews dominate is not unusual.  It is very common for smaller, more agile groups to prevail over large, clumsy ones.  The Bolsheviks in 1917 numbered only 20,000, yet gained power in Russia, then a country of 60 million.

     There are many other examples of this sort of thing.  When the Vandals invaded the Iberian Peninsula in late Roman times, they numbered 70,000 – yet conquered a province with a population of 10 million.

Small groups have a big advantage.

The problem is not that Jews have power.  The problem is that they have used their power to squash discussion critical of Jews, of Jewish influence, and of Israel.

Here is a short list of what I would like to see open discussions about:

*How much money from Jews, like Sheldon Adelson, gets funneled into political campaigns?

*How do the interests of the citizens of the USA different from those of the state of Israel?

*Who decided to funnel raw NSA date straight to Tel Aviv, and how is that in the interests of the people of the USA.

*What role did the Mossad play in the events of 9/11.  This is an explosive topic, but has to be aired.   My suspicion is that 9/11 was a Mossad operation. That any discussion of this topic is forbidden leads me to think that there are grounds for suspicion.

*I would like to see an extensive discussion of how Jews (operating under the label of “neo-conservatives”) took control of American foreign policy. Are Jews responsible for the wars that we embarked upon in the Middle East, and are they the ones who are now ginning up conflict in Ukraine. 

The Jews have used their power to subordinate the interests of the American people to the interests of Israel. This is unnatural, and produces all sorts of distortions. The American government has been pulled away from traditions that go back hundreds of years. These traditions were frayed, but nevertheless had some capacity to influence outcomes.  Now those traditions are disappearing rapidly. This is very, very bad for us.  I expect the day will come when it will be -- for the Jews -- catastrophic.

 

Mon, 02/23/2015 - 10:29 | 5818088 breadonwaters
breadonwaters's picture

Poor boy ....did your mommy tell you about the bad people when you were just a tadpole?  Does it make you feel better to have someone to hate?  Does it feel good you can blame everything on someone else, thus relieving you of the need for rational thinking.

Its a sad state of affairs that we have to listen to the great unwashed mouth their foulness.  I was reading the comments on Greg Hunters blog, and it was refreshingly absent of the poo poo ka ka class...because he checks each comment before allowing it.

My kids had a good rule:  Speak of what someone is DOING, not what they ARE.  If there are scumbags running this world, they are not restricted to any one group.

Otherwise, Keep your sickness to yourself, and let the big people talk.

Mon, 02/23/2015 - 09:22 | 5817893 Squiddly Diddly
Squiddly Diddly's picture

"Each person has to make the decision whether to dance for the devil or not,"

 

Rom 3: 8 And why not do evil that good may come?

If this is Bix's theory of RootA then Greenspan should have denounced and exposed the fradulent FED for the empire building ponzi scheme that it is.  His wife has long been a MSM propaganda piece.  They could have a major impact if they turned around and  stood against the system.  Do they really have any credibility left?

 

 

Mon, 02/23/2015 - 00:10 | 5817281 NoDebt
NoDebt's picture

They're all tough guys after they're out of office and no longer in any position to affect things.

So 'The Maestro' finally admits this isn't going to end well (like we didn't already know that).  So fucking what?  He's still on the 'terminate with extreme prejudice' list after TSHTF.

 

Mon, 02/23/2015 - 10:53 | 5818153 dicksburnt
dicksburnt's picture

thats a theory to hold in contention, but i think greenspan would be more vociferously advocating gold, more frequently and well before now if that were the case

he did avocate long ago in his 1966 thesis.   if you read ZH you would have known that though:  http://www.zerohedge.com/news/2014-01-13/greenspan-warned-housing-bubble-his-phd-dissertation 

it would appear, to me at least, Greenspan is actually very intelligent economically and monetarily.  BUT once he was indoctrined into this system of FIAT and annointed 'Maestro' he proved why no man nor country can issue FIAT - the absolute power corrupts meme just repeats itself.   Greenspan should just say 'I fucked up' and be done with it.

Mon, 02/23/2015 - 00:39 | 5817365 armageddon addahere
armageddon addahere's picture

Greenspan was a gold bug until he was offered a job that required him to be the opposite of a gold bug. Then he changed his mind.

Sort of like certain athletes would never consider using steroids. Until faced with a choice of using steroids or trading their multi million dollar professional athlete jobs for assistant manager at Kmart.

Mon, 02/23/2015 - 04:35 | 5817631 old naughty
old naughty's picture

Whether he's the good of the bad i am not concerned,

if he's for the yellow metal, I am glad...

but somehow I feel he's pulling the wood from the burner, no?

Mon, 02/23/2015 - 10:35 | 5818108 Icelandicsaga.....
Icelandicsaga...............................................'s picture

It will take a bloody freaking revolutioni to get rid of fiat .. they will try an SDR approach once this thing . goes in the crapper. OR they will start World War III .. big time .. that has been SOP for over a hundred years. Take not of the RUsso Japanese war .. the run up to World War I .. its enlightening .. but really SSDD as the guy says .. all wars are bankers wars. OR bankers and the oligarchy always make the most of them.

Mon, 02/23/2015 - 17:08 | 5819703 Implied Violins
Implied Violins's picture

Absolutely correct. Anyone not on board with this should search for 'Albert Pike' and read his most interesting quote. What's going on now has been planned for over 250 years...one thing you are wrong about though: we will get both WWIII, *and* the SDR. Need to 'thin the herd' first...unless WE can somehow wake enough people up before this happens. Anyone here want to be the 100th monkey?

Sun, 02/22/2015 - 23:58 | 5817249 lakecity55
lakecity55's picture

Thanks!!

Mon, 02/23/2015 - 00:34 | 5817348 Save_America1st
Save_America1st's picture

no prob, bro!  Hope everyone else digs it.  I thought it was cool to find an aggregate site that had nearly every single site I read every day anyway.  How cool is that?  There should be more sites like that.

And speaking of that.  If you haven't heard of this other site that I use every day you should check it out.  It's packed with links and updated by the minute. 

http://bulletsbeansandbullion.blogspot.com/

Mon, 02/23/2015 - 06:57 | 5817722 u8mapwho
u8mapwho's picture

man there is nobody pushin' links as hard as you. I'm only trashing you becasuse I think there is something odd about you trying to herd us to a new location....

Mon, 02/23/2015 - 13:19 | 5818669 Save_America1st
Save_America1st's picture

I shared 2 links to good sites which are aggregators of information that I'm sure most ZH'ers would be interested in.  Both of them include most posts from ZH as well as from many other sites. 

Kind of like how ZH lists other good links on the <<<< Left side of the home page, right???? 

Maybe you should bitch at the Tylers too for "pushin'" so many links on us so hard core like that, huh?  They must be up to something!  They must be trying to "herd" you away from ZH!  Don't click on them or you'll never be able to find your way back to ZH again.

 

What are you some kind of fucking retard?  If you only read ZH and then jerk off your dog the rest of the day, well have at it, but otherwise shut the fuck up.  Don't come on here and contribute nothing to the community other than letting us know that you're just a fucking idiot.

Mon, 02/23/2015 - 09:06 | 5817861 Ewe235
Ewe235's picture

Thelibertymill had some very important information that I could act on... for example, 4 out of 5 women don't shower every day....  might think twice about next time I go south on one.

Sun, 02/22/2015 - 23:49 | 5817221 Oh regional Indian
Oh regional Indian's picture

It's time people donkey-punched psycopathic old farts and windy wind-bags....

Mon, 02/23/2015 - 00:16 | 5817302 Harlequin001
Harlequin001's picture

yes, and that's just for starters...

Mon, 02/23/2015 - 01:08 | 5817427 Fish Gone Bad
Fish Gone Bad's picture

The idea of having sex with a psychopath or wind bag is just not palatable.  What happened to the days of proclaiming they were witches and then drowning them?

Mon, 02/23/2015 - 04:00 | 5817609 Oh regional Indian
Oh regional Indian's picture

Did not realize that donkey-punching involved sex.....

Mon, 02/23/2015 - 13:53 | 5818816 General Decline
General Decline's picture

I'd put up a link to urban dictionary but I'm afraid I'd be accused of trying to direct people away from ZH. 

Mon, 02/23/2015 - 07:05 | 5817726 HowdyDoody
HowdyDoody's picture

Proving a real real donkey does the kicking (punching) and its to the balls, not the back of the head.

Mon, 02/23/2015 - 07:05 | 5817727 HowdyDoody
HowdyDoody's picture

Proving a real real donkey does the kicking (punching) and its to the balls, not the back of the head.

Sun, 02/22/2015 - 23:57 | 5817244 The Big Ching-aso
The Big Ching-aso's picture

Give the guy a break. He's just expressing rational exuberance over some ridiculous barbaric precious metal. Either that or he's up for a Best Supporting Actor Oscar. You know that gold leaf looking statue thingy that gets everybody in show business all worked up.

Mon, 02/23/2015 - 02:20 | 5817509 jez
jez's picture

In any case, and as usual, Easy Al is just making noises rather than saying anything definite.

The gold price will increase by a "measurable amount"? Well, of course. The price is given in numbers and the difference between any two numbers can be measured. If it increases from $1,200 an ounce to $1,201, that's a "measurable amount". I just measured it, and the increase is $1 an ounce.

Everybody seems to be assuming that "measurable" means "significant" or "big". I don't see why.

Sun, 02/22/2015 - 23:48 | 5817214 WillyGroper
WillyGroper's picture

We may see if it worked for McNamara soon enuf.

Sun, 02/22/2015 - 23:50 | 5817223 Squid-puppets a...
Squid-puppets a-go-go's picture

hey, look, Tyler, message on target but this greenspan quote is weeks old now.  Frequent occurrence of late, many of your 'news' articles are a bit stale.

Mon, 02/23/2015 - 00:39 | 5817363 indygo55
indygo55's picture

He wants to go to heaven. Wouldn't you? We should honor and appreciate every one of "them" to come over to the other side and confess their crimes. Not that he still doesnt have an agenda. 

Mon, 02/23/2015 - 09:43 | 5817954 drdolittle
drdolittle's picture

Jews don't believe in heaven

Mon, 02/23/2015 - 04:01 | 5817610 shouldvekilledthem
shouldvekilledthem's picture

Hell and heaven...the imaginary places which provide comfort for the mind of the retard.

Sun, 02/22/2015 - 23:31 | 5817152 Harbanger
Harbanger's picture

It's possible, dude.  This luciferian fucker came out and told us that Gold is money.

Sun, 02/22/2015 - 23:49 | 5817220 Harlequin001
Harlequin001's picture

He's lying. He knows full and well that wealth is a paper 'effect'...

Sun, 02/22/2015 - 23:54 | 5817239 Harbanger
Harbanger's picture

But, Wealth is a paper effect, IS a lie.  So which is it?

Mon, 02/23/2015 - 00:17 | 5817306 Harlequin001
Harlequin001's picture

I think it's the bit that started when his mouth opened...

Mon, 02/23/2015 - 00:00 | 5817247 Just Another Truther
Just Another Truther's picture

Uh oh, he better stick to mezzanine building levels and stay away from any nefarious power tools now.

Mon, 02/23/2015 - 00:41 | 5817370 A Nanny Moose
A Nanny Moose's picture

Power tools don't kill people. People with power tools kill people.

Sun, 02/22/2015 - 23:47 | 5817210 WillyGroper
WillyGroper's picture

Horns holding up that halo.

Mon, 02/23/2015 - 04:30 | 5817629 MeBizarro
MeBizarro's picture

Christians are honest?

Mon, 02/23/2015 - 05:20 | 5817664 The.Harmless.Jew
The.Harmless.Jew's picture

 

 

Alas Pods, no.

 

Once a Luciferian Always a Luciferian. 

 

Look at Rupert Murdoch - he claims to be "prawn again", but he'll always be a scummy Luciferian; just like Bernake, Yellen, Fischer, Lew, Blankfein etc etc... 

 

Fuck the lot of them, and their sympathizers (i.e. those that endorse and back the zionist bankster criminals and the talmudic paedophiles!)

 

Anyway, wasn't that issue from Greenspan old? Why is it appearing here again - I mean as I look at gold, it is being slammed hard again.

 

 

Sun, 02/22/2015 - 23:25 | 5817125 order66
order66's picture

This actually looked interesting until I saw the ads for survival bunkers and canning societies on their website.

 

Sun, 02/22/2015 - 23:56 | 5817203 CunnyFunt
CunnyFunt's picture

A "survival bunker" in the plains is about as useful as tits on a bull.

Mon, 02/23/2015 - 00:37 | 5817357 disabledvet
disabledvet's picture

How about a rocket powered Big Boy with your "Minnie me" on board?

 

Clearly the "time to hit the send button" is near...

Sun, 02/22/2015 - 23:48 | 5817213 Billy the Poet
Billy the Poet's picture

There are some folks who venture out more than ten feet from an electric socket on occasion.

Mon, 02/23/2015 - 00:58 | 5817411 astitchintime
astitchintime's picture

Yes, agree wholeheartedly.  I venture out some myself.

There are actually some folks who pick up a book and actually read too.  I'm one of those freaks of nature who have physical books and actually read them.

It provides me with immense pleasure 

*-*

Sun, 02/22/2015 - 23:25 | 5817128 weburke
weburke's picture

agreed, plus he excellled at  being insrcutable, or muddy, or vague or pointless. His lyrics were indecipherable.....https://www.youtube.com/watch?v=BqfH_1xCSME

Mon, 02/23/2015 - 00:36 | 5817353 weburke
weburke's picture

and why would the fed have to raise interest rates when all the other countries are devalueing? strong dollar as all collapse before dollar. They trot him out to say "its all so fragile" when it is not for the elites and the top 10 percent. The rest go on the govt dole, and the japan model says a lot. 

Sun, 02/22/2015 - 23:25 | 5817129 Greenskeeper_Carl
Greenskeeper_Carl's picture

I guess this means nothing is going to happen for a while if greenspan is warning us of something big. I don't see people who would visit this site would believe a word he says.

Mon, 02/23/2015 - 01:57 | 5817493 post turtle saver
post turtle saver's picture

so, long CAT, right? that shit doesn't just pop out of the ground by itself last I checked...

Mon, 02/23/2015 - 02:06 | 5817503 roadlust
roadlust's picture

Dude's senile, that's why.

Mon, 02/23/2015 - 05:00 | 5817644 TheRideNeverEnds
TheRideNeverEnds's picture

I'll take this as a sign the dollar index will at least double from here as gold goes back under $500/oz.

 

PS: the spoos are down 3 points on the globex right now; BTFD!!!1

Mon, 02/23/2015 - 08:03 | 5817770 Crazy Canuck
Crazy Canuck's picture

Secure - fully indexed pension will set you free......

Mon, 02/23/2015 - 09:01 | 5817853 Againstthelie
Againstthelie's picture

You believe he is honest now, because now he says that Gold is valuable.

But what if he is doing the same now, he has been doing as Fed chairman? Singing the song for which he is being paid for?

Mon, 02/23/2015 - 09:27 | 5817911 ZeroPoint
ZeroPoint's picture

It's very common for people facing the spectre of death to reflect and perhaps realize what they might have done, especially if they reason they might have to answer to a higher power. If only we could get people to think like this from say age 10 onwards....

Mon, 02/23/2015 - 11:13 | 5818206 thinkmoretalkless
thinkmoretalkless's picture

Most get real as the end draws near. You come to grips with the fact that you really don't matter that much in the whole scheme of things. Why not speak the truth maybe it will set you free. If you don't put your life in perspective you tend to come across as creepy as the Clintons.

Sun, 02/22/2015 - 23:20 | 5817097 starman
starman's picture

Yellen will squirt dollar bills out of her gina! Thats what will happen! 

Sun, 02/22/2015 - 23:24 | 5817119 HonkyShogun
HonkyShogun's picture

It's a shame she's too heavy to lift up in a helicopter.

Mon, 02/23/2015 - 03:42 | 5817588 r3phl0x
r3phl0x's picture

Maybe we can get the Russians to launch her into a Malaysian Airlines jet.

Mon, 02/23/2015 - 06:17 | 5817696 ross81
ross81's picture

ow, my eyes!

Sun, 02/22/2015 - 23:22 | 5817103 TruthInSunshine
TruthInSunshine's picture

Convenient Zero Hedge is Convenient, posting & highlighting Greensplooge's comments when they fit the ZH narrative, ignoring or ridiculing Greensplooge's comments that do not.

Sun, 02/22/2015 - 23:28 | 5817143 Skateboarder
Skateboarder's picture

Someone once pointed out that it's the ZH strategy, so that in the future it could be said that, "look, we we right", regarding anything.

Sun, 02/22/2015 - 23:51 | 5817225 cornfritter
cornfritter's picture

conceivable

Mon, 02/23/2015 - 00:29 | 5817327 rccalhoun
rccalhoun's picture

it just demonstrates that these central bankers don't know anything we don't.  they could be on one side of the table or the other...depending how the wind blows and do NOT have firm convictions on what they are doing and what is transpiring.  its all an intellectual experiment.....as has been said here over and over. if the experiment fails...they pay no consequences.  pretty easy spot to be in.  kinda like TBTF.

 

Mon, 02/23/2015 - 00:37 | 5817354 Ineverslice
Ineverslice's picture

 

.

Goldman's blog.?

Sun, 02/22/2015 - 23:38 | 5817145 runningman18
runningman18's picture

They are highlighting the fact that Greenspan's latest comments directly contradict his past comments which in turn contradicted his original comments before he joined the Federal Reserve.  Zero Hedge does not control the nature of Greenspan's contradictions, jackass.

Sun, 02/22/2015 - 23:48 | 5817209 TruthInSunshine
TruthInSunshine's picture

Cunt, lick thyself.

I've been here long enough to see the deeply entrenched pattern I know well & speak of.

ZH will lick the balls of the first Goldman Sachs anal-cyst this week to write a tedious analysis as to why gold will have to head higher, interest rates will have to rise, or blah blah...

...while mocking relentlessly the first Goldman Sachs anal-cyst this week to write a tedious analysis as to why gold will have to head lower, interest rates will have to drop, or blah blah.

SSDY(ear).

Mon, 02/23/2015 - 00:03 | 5817259 Money Boo Boo
Money Boo Boo's picture

TIS

I've been around almost 4 years myself and must say I like the new angry (and possibly drunk) TIS.  This is all good, ALL dissenters must self regulate and you've pointed out the oxy-in-the- ZH-moron, this is not a bad thing. We all (I think) share the same goal...the plutocrats must go and the oligarchs must burn.  How we get there is up for debate....game fucking on....monk-a-dong

Mon, 02/23/2015 - 00:47 | 5817382 indygo55
indygo55's picture

Yo Money boo boo, Yup and me 2! carry on. Lets let that fucking frog know that the heat is up dude and wake the fuck up!   Jeeze!!

Mon, 02/23/2015 - 00:49 | 5817390 indygo55
indygo55's picture

WTF 8 weeks 4 days??

Mon, 02/23/2015 - 02:02 | 5817498 OldPhart
OldPhart's picture

I lurked for about two years before 'joining'.  Even so, we've seen a lot of Obama-plants coming in here lately.  Don't know about this one, either.

Mon, 02/23/2015 - 08:41 | 5817824 mvsjcl
mvsjcl's picture

Long-time lurker, too. Time in-country doesn't mean so much to me as does the substance of the output.

Mon, 02/23/2015 - 10:40 | 5818119 Money Boo Boo
Money Boo Boo's picture

Ive ben around before Trav777 and Francis Sawyer

Tue, 02/24/2015 - 05:44 | 5821623 OldPhart
OldPhart's picture

Honored for your comment.  I miss the early Zero Hedge commentors, I learned a lot from them.

Mon, 02/23/2015 - 00:15 | 5817299 runningman18
runningman18's picture

You sound like a butthurt college freshman who worships the shrivled jock of his Keynesian economics professor.  If Alan Greenspan or Goldman Sachs promote conflicting ideas on gold or anything else, then Zero Hedge should report on it, because those mainstream douche nozzles influence public opinion and it's important to point out their wishy washy positions.  Only a fucking ignoramus would complain about a website informing people of said contradictions.  Do you bitch like this about everything, or only about things that make perfect sense? 

Mon, 02/23/2015 - 00:29 | 5817333 Ineverslice
Ineverslice's picture

 

very well put, Truthinsunshine. i very much share your emotions and thoughts.

lol too, haha.   once again...fuck greenbush and WHatever he says. enjoy hell you bastard. your wife is a dog, btw.

Mon, 02/23/2015 - 00:50 | 5817392 indygo55
indygo55's picture

uck you queer.

Mon, 02/23/2015 - 01:14 | 5817439 TruthInSunshine
TruthInSunshine's picture

This noob fish is referring to me as some sort of Paul "When Mars Attacks" Krugman worshipper.

Never thought I'd hear/read that!

Mon, 02/23/2015 - 02:06 | 5817502 OldPhart
OldPhart's picture

Never thought I'd be interviewed by the FBI, either, but weird shit happens.

Mon, 02/23/2015 - 03:13 | 5817573 runningman18
runningman18's picture

Oh I'm sure you walk the talk in your "End The Fed" T-shirt strolling around Best Buy, I'm just pointing out what you sound like when you piss and moan about a website for reporting obviously important contradictory statements by TPTB and using the word "noob" like a barely functioning retard tweenie.  Not trying to connect you with Paul Krugman, just saying you're about as useless.    

Mon, 02/23/2015 - 00:13 | 5817292 NoDebt
NoDebt's picture

"They are highlighting the fact that Greenspan's latest comments directly contradict his past comments which in turn contradicted his original comments before he joined the Federal Reserve."

Well said.

Mon, 02/23/2015 - 03:45 | 5817596 El Crusty
El Crusty's picture

He was a gold bug before being appointed Fed chairman. obviously the fed doesnt like the yellow metal being competition for its paper currency. when you become the chairman of the fed its not really good for long term job security to praise a competing currency now is it? now that he is no longer a fed reserve employee he can speak much more freely.

kind of like if you work in a burger joint you're not going to have a job for very long if you keep saying the other burger joint down the road has much better burgers than the ones you serve.

Mon, 02/23/2015 - 14:02 | 5818876 General Decline
General Decline's picture

Does Alan have no regard for keeping his brains on the INSIDE of his skull?

Sun, 02/22/2015 - 23:50 | 5817224 nmewn
nmewn's picture

The new Viceroy of Thought Control is not going to take to kindly to your sacrilegious description of its beneficence ;-)

Mon, 02/23/2015 - 00:42 | 5817375 indygo55
indygo55's picture

Eahhhh, I dont know. Hes gotta be squirnig inside. I mean how long could any man keep that kind of evil inside forever? 

Mon, 02/23/2015 - 00:45 | 5817381 A Nanny Moose
A Nanny Moose's picture

So Greenspunk is either always right, or always wrong?

Mon, 02/23/2015 - 01:02 | 5817418 runningman18
runningman18's picture

That's the question - which Greenspan is the honest Greenspan?  The one that loves fiat manipulation and artificially low interest rates, or the one that loves gold and warns about disastrous stimulus measures?   Why does one contradict the other?  And by extension, if Greenspan contradicts himself, then perhaps all his support for bailouts and market manipulation was ill conceived?  And if that's the case, then maybe Zero Hedge is right and the economy is truly fucked ten ways from Sunday. 

Mon, 02/23/2015 - 02:26 | 5817511 OldPhart
OldPhart's picture

Not to defend Greenspan, but he's the asshole that inflicted 22% interest mortgages back in the mid-80's with corresponding CD rates.  I couldn't believe that people continued to buy homes at those sort of rates. 

[edit:  That was Volker, not Greenspan.  Greenspan should be shot. <you know where I am FBIGuy.>]

A $30,000 home at 22% interest was impossible!  I waited until interest dropped to about 16% and bought a home on private financing at $25,000 (North Florida).  Was tickled to have sold it for $35,000 when we moved to California in 1990.  (house prices in California were already at $100k). 

Rented for a number of years until we bought our current shithole for $75,000 in 1998 at 7.5%.  Value rose to $360,000 in 2006. 

Have been in equity pull out/refinancing process since December to drop interest to 3.8%, but could pay house off in 5 years.  Watching what is going on, I think I'm rejecting the new loan and just paying this fucker off.  Why feed the system?  Oh, current appraisal is $175,000, was going to refi at $100,000.

Mon, 02/23/2015 - 05:27 | 5817672 FallenOne
FallenOne's picture

the niga is skitzo bruh just leave at that!

Sun, 02/22/2015 - 23:22 | 5817106 A Lunatic
A Lunatic's picture

Fuck you Greenspan......!

Mon, 02/23/2015 - 00:38 | 5817361 Kprime
Kprime's picture

yah quit flappin ur lips and go back to suckin obamas dick

Sun, 02/22/2015 - 23:26 | 5817110 TruthInSunshine
TruthInSunshine's picture

Mozambique zombie double tap.

Sun, 02/22/2015 - 23:23 | 5817113 brockhardman
brockhardman's picture

Nevermind my policies as Fed Chair. 

Mon, 02/23/2015 - 00:42 | 5817373 disabledvet
disabledvet's picture

Jesus is just all right with me!

Jesus is just all right

Oh, yeah!

Jesus is just alright with me!

Jesus is just all right!

(Insert rockin guitar riff here)

Sun, 02/22/2015 - 23:24 | 5817120 The Shape
The Shape's picture

Old man shouts at cloud.

Sun, 02/22/2015 - 23:26 | 5817131 gmak
gmak's picture

gmak warns: The sun will rise tomorrow as the earth spins on its axis.

Sun, 02/22/2015 - 23:27 | 5817132 conscious being
conscious being's picture

The maestro going for redemption. Will he succeed? Stay tuned.

Sun, 02/22/2015 - 23:36 | 5817172 YHC-FTSE
YHC-FTSE's picture

I wouldn't call him a maestro, unless it's used as an gynaecological insult in your neck of the woods. But yeah, I think that's what the man is going for. People at death's door have a tendency not to care about the consequences of their revelations - what can they do, put a nailgun to his corpse?

Mon, 02/23/2015 - 00:26 | 5817323 Harbanger
Harbanger's picture

People at death's door have a tendency TO SUDDENLY CARE about the consequences of their PAST ACTIONS.

The Lord will Judge every persons soul 3 days after their death.

Mon, 02/23/2015 - 01:14 | 5817438 Terminus C
Terminus C's picture

Why wait three days?  A day is a human conception of time.  Surely the creator of all things is not bound by such trivialities as time...

Mon, 02/23/2015 - 02:18 | 5817512 Harbanger
Harbanger's picture

What's the rush.  It takes at least 3 months to get a court hearing here on erf.

Mon, 02/23/2015 - 05:08 | 5817658 toys for tits
toys for tits's picture

I agree.

I don't see why God is bound by the time it takes our puny little earth to spin three complete revolutions.

Hell, if our earth is the time keeper of the universe why isn't one of God's days one of our cosmic or galactic years, which is the time it takes for the earth to rotate around the Milky Way (estimated to be between 225 and 250 million terrestial years).

Wed, 02/25/2015 - 11:34 | 5826967 LithiumWarsWAKEUP
LithiumWarsWAKEUP's picture

Great name. Not sure if i really know what it means, but I AM willing to 'see it in action'. :)

 

 

Sun, 02/22/2015 - 23:27 | 5817135 European American
European American's picture

The Zionists are always many steps ahead. Wonder what we are being set up for, with this scripted short story, by one of their more popular minions?

Sun, 02/22/2015 - 23:27 | 5817136 Babaloo
Babaloo's picture

Just fade Greenspan and you'll make money.  He's the best contraindicator on the planet.

Sun, 02/22/2015 - 23:37 | 5817176 conscious being
conscious being's picture

Really? What if the zionista Babaloo is a better contra-indicator than the zionista el maestro?

Sun, 02/22/2015 - 23:28 | 5817140 heisenberg991
heisenberg991's picture

Rise of the machines. Somebody call John Connor!

Sun, 02/22/2015 - 23:28 | 5817142 Who was that ma...
Who was that masked man's picture

Invest in gold, silver, and lead.  You won't go wrong.

Sun, 02/22/2015 - 23:33 | 5817161 TheMeatTrapper
TheMeatTrapper's picture

Invest in yourself. Learn to trap your food. http://meattrapper.com

Mon, 02/23/2015 - 00:11 | 5817286 tarabel
tarabel's picture

 

 

While correct in theory on a limited basis, once 300 million people start trapping their food, everyone rapidly starves. The natural carrying capacity of North America without organized human management and labor is about 25 million people or so.

Going nomad is only going to work if you live up by the Great Slave Lake or some equally hospitable area very far away from fleeing urbanites.

Mon, 02/23/2015 - 00:27 | 5817330 cornfritter
cornfritter's picture

re: "fleeing urbanites"

it's probable that emergency management personnel have been trained to deal with that very thing

just sayin...

Mon, 02/23/2015 - 17:22 | 5819777 Implied Violins
Implied Violins's picture

Long pig will be plentiful...but rest assured: I will only partake of the partakers.

Mon, 02/23/2015 - 01:10 | 5817432 astitchintime
astitchintime's picture

You could have just left it at 'Invest in yourself'

Adding the 'Learn to trap your food' followed by what obviously is a link to your site is what I like to call

SELF-PROMOTING.

Full disclosure:  I did not junk you.

Mon, 02/23/2015 - 02:33 | 5817526 Harbanger
Harbanger's picture

SELF-DEPRECATION is all the rage now dude.  I junked you in a positive way.  Because you already know you suck.

Sun, 02/22/2015 - 23:29 | 5817144 Duc888
Duc888's picture

His inner Yoda is cracking through...

Sun, 02/22/2015 - 23:31 | 5817149 rejected
rejected's picture

ROFLMAO.... The guy who planted the financial bomb says it's fixing to go boom!

These are some really pathetic people.

Mon, 02/23/2015 - 00:18 | 5817307 asophocles
asophocles's picture

Pathetic, perhaps, but entirely understandable.  Greenspan is trying to soften his legacy, which would be in even greater tatters were the markets to implode while he was urging it onward/upward in typical Maestro fashion.

This way he gets to claim he warned folks - which he has of late been doing rather frequently. 

Now if it weren't for all those decades of playing for the wrong team, which no too-little, too-late overture can undo....

Mon, 02/23/2015 - 00:53 | 5817398 DaveyJones
DaveyJones's picture

pathos is the last thing he invokes in me.

Sun, 02/22/2015 - 23:32 | 5817153 PerkyPal
PerkyPal's picture

Gold use to be the original standard of measurement to an ecomonies value, but because of the Great Depression FDR started printing more money & created the "musical chairs of money" as I like to call it (to float the economy). I think the correction that Greenspan is referring to is the economy going back to the original standard of measurement. GOLD ! We'll see.

Sun, 02/22/2015 - 23:39 | 5817182 buzzy_the_pirate_dog
buzzy_the_pirate_dog's picture

Perky,  FED was a few years before FDR, but you are on the right track.

Sun, 02/22/2015 - 23:45 | 5817202 lester1
lester1's picture

Didn't FDR confiscate gold and silver from US citizens in 1933?

 

I wonder if that would happen today under Obama? 

Mon, 02/23/2015 - 07:58 | 5817764 BigJim
BigJim's picture

There's so little monetary gold in private hands in the US there'd be no point.

Mon, 02/23/2015 - 06:36 | 5817703 andrewp111
andrewp111's picture

Yeah. The US goes back to gold after a long period of NIRP.

Sun, 02/22/2015 - 23:32 | 5817156 Goldilocks
Goldilocks's picture

Get To The Chopper!!!
http://www.youtube.com/watch?v=-9-Te-DPbSE (0:20)

Mon, 02/23/2015 - 00:08 | 5817276 palmereldritch
Mon, 02/23/2015 - 00:47 | 5817384 disabledvet
disabledvet's picture

Always been big fan of Jermey Irons actually.

Sun, 02/22/2015 - 23:36 | 5817171 beavertails
beavertails's picture

Buy that Al a Nail Gun

Sun, 02/22/2015 - 23:37 | 5817175 buzzy_the_pirate_dog
buzzy_the_pirate_dog's picture

Fuck you Al.  Where was even a hint of honesty years ago?

 

A bit late but buy this man a nail gun, for old time's sake.

Mon, 02/23/2015 - 11:34 | 5817264 Baby Eating Dingo22
Baby Eating Dingo22's picture

Fuck him

Don't waste the tech on him

Stick to an old fashioned framing hammer and a pound of rusty 16d's

Mon, 02/23/2015 - 00:07 | 5817271 tarabel
tarabel's picture

 

 

You know, looking back I do remember times when he tried to warn everyone. The phrase "irrational exuberance" was him trying to warn everyone about the approaching dot-com and housing bubbles.

But he got hammered so bad by everyone for being a Debbie Downer that he obviously said "fuck it" and sat in his chair while the morons flushed themselves down the toilet.

Bernanke, on the other hand, looked at the crash as a golden opportunity to test out his pet theories about the Depression.

Ben was an active agent in our downfall. Greenspan was shouted down early and said to hell with it.

Mon, 02/23/2015 - 00:26 | 5817324 RaceToTheBottom
RaceToTheBottom's picture

You are too lenient to Greenspam.

He has a personality that craves approval and that defect should have removed him from the role to begin with. There is no way he could have pulled a Volker, instead he did the anti-Volker and put us down a path the the Bernank followed.

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