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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SMG's picture

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

pods's picture

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

pods

Ignatius's picture

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

kliguy38's picture

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

nmewn's picture

(Clasps hand over mouth)

Oh noes! Not paper wealth ponzi destruction!

What about the cheeeeeldrun!?

Harlequin001's picture

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

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/

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. 

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

Publicus's picture

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

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.

 

Fish Gone Bad's picture

That brings the traitorous Liesman and Cramer to mind.

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

rccalhoun's picture

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

Richard Chesler's picture

Syphilitic Jew scumbag.

DOW 30,000.

America, Fuck Yea!

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?

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....

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

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.

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.

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.

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.

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.

 

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.

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?

 

 

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.

 

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.

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.

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?

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.

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?

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/

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....

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.

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.

Oh regional Indian's picture

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

Harlequin001's picture

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

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?

Oh regional Indian's picture

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

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. 

HowdyDoody's picture

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

HowdyDoody's picture

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

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.

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.

WillyGroper's picture

We may see if it worked for McNamara soon enuf.

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.

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. 

drdolittle's picture

Jews don't believe in heaven