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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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Mon, 02/23/2015 - 01:14 | 5817436 astitchintime
astitchintime's picture

I agree with your analysis, but would caution you to be wary of those Grandfathery-types ;)

Wed, 02/25/2015 - 14:51 | 5827947 Jstanley011
Jstanley011's picture

The Chair commenting at all on the asset markets was supposedly a no-no until Greenspan broke that cherry. The Fed was supposed to be above the fray, only concerned with the real economy, and let the asset markets take care of themselves. But ever since Greenspan opened his mouth with that statement, it has been tail wag dog.

With this statement, the geezer still thinks he can call the markets. Fuck him.

Sun, 02/22/2015 - 23:38 | 5817178 mt paul
mt paul's picture

talk is cheap greenspan

 

show us your stack ....

Sun, 02/22/2015 - 23:39 | 5817186 lester1
lester1's picture

Last year Ben Bernanke told insiders at a dinner that he didn't expect interest rates to normalize (4%) within his lifetime. Ben Bernanke is 61 years old.

 

So what 20-30 years of low interest rate???

 

 

Sun, 02/22/2015 - 23:48 | 5817212 Osmium
Osmium's picture

Ya, it's hard to devalue your currency when the entire world is doing the same thing. 

Mon, 02/23/2015 - 01:17 | 5817446 astitchintime
astitchintime's picture

Yes, excellent interpretation and what I expect as well.

They have to do this, it is all they know.

Sun, 02/22/2015 - 23:43 | 5817193 RSDallas
RSDallas's picture

The gold bugs are going to get hammered.  I doubt this nut has ever met Greenspan, and I despise Greenspan.

Mon, 02/23/2015 - 01:27 | 5817459 astitchintime
astitchintime's picture

Well, I reckon that relies on the perception of 'getting hammered'.

If you are implying that I <being a holder of physical gold> will be hammered because you insist that if I own gold I am indeed a 'gold bug' well then I hate to be the one to inform you that I don't fret over the published price of gold.

I am happy and comfortable owning gold as an insurance policy and a hedge against the insane policies of governments run amuk!!

Sun, 02/22/2015 - 23:45 | 5817198 Rusty Shorts
Rusty Shorts's picture

Passover this year is April 3 through April 11, 2015, or from the 15th through the 22nd of the Hebrew month of Nissan, SHEVAT 5775. Bring out your Paschal Lambs.

 


Mon, 02/23/2015 - 00:06 | 5817270 WillyGroper
WillyGroper's picture

Elun. Sept. 13

Sun, 02/22/2015 - 23:46 | 5817205 cherry picker
cherry picker's picture

He is not saying anything we do not know.

They do not want us to know though, do they?  We may start looking out for ourselves and families, no longer participating in this consumer commerce, buying cars we can't afford and so on, threatening a quicker descent into a hell of our own making.

We stepped over the edge of the cliff with one foot and there is a nasty wind coming from behind...

Sun, 02/22/2015 - 23:54 | 5817238 RalphJolly
RalphJolly's picture

end of the soon to be gold rally innit...

 

Sun, 02/22/2015 - 23:54 | 5817240 Schmuck Raker
Schmuck Raker's picture

Fuck you Bernanke.

Sun, 02/22/2015 - 23:55 | 5817242 Secret Weapon
Secret Weapon's picture

When did he start reading zero Hedge???

Mon, 02/23/2015 - 00:03 | 5817258 bid the soldier...
bid the soldiers shoot's picture

 

Man fucks global economy, warns everybody 20 years later

Mon, 02/23/2015 - 00:04 | 5817261 kahunabear
kahunabear's picture

Beelzebub speaks!

Mon, 02/23/2015 - 00:10 | 5817267 Colonel
Colonel's picture

The real question is, Can I personally hold the gold in my IRA? *smirking grin here*

Mon, 02/23/2015 - 00:12 | 5817289 asophocles
asophocles's picture

The markets are at a permanently high plateau and are unlikely to fall one iota.

Mon, 02/23/2015 - 00:14 | 5817297 SillySalesmanQu...
SillySalesmanQuestion's picture

He is a crusty, old curmudgeon who led us down this path and now wants to "redeem" himself by coming clean now... What a turd.

Mon, 02/23/2015 - 00:16 | 5817303 holdbuysell
holdbuysell's picture

The current Shemitah year ends on September 13, 2015.

Other years have eerily shown to end with big bangs.

Definitely worth the listen:

http://www.silverdoctors.com/does-this-seven-year-cycle-of-economic-cras...

 

Mon, 02/23/2015 - 00:18 | 5817308 Ineverslice
Ineverslice's picture

 

lol

fuck u greenberg

Mon, 02/23/2015 - 00:18 | 5817309 kowalli
kowalli's picture

fuck you alan and your banksters friends. It is all your fault

Mon, 02/23/2015 - 00:20 | 5817311 blindman
blindman's picture

set the algos to front run this.
.
DOES THIS SEVEN YEAR CYCLE OF ECONOMIC CRASHES PREDICT THE EXACT DATE OF THE GLOBAL FINANCIAL COLLAPSE?
Posted on February 22, 2015 by The Doc
http://www.silverdoctors.com/does-this-seven-year-cycle-of-economic-cras...
.
from here on out,
all passengers to be
indebted for barf bags
required at birth.

Mon, 02/23/2015 - 00:20 | 5817312 Spungo
Spungo's picture

It must be fun to be so old that you just don't give a fuck about anything. You can say anything you want. Threats to kill you carry no weight because you'll probably be dead within 5 years anyway.

Mon, 02/23/2015 - 00:24 | 5817314 yogibear
yogibear's picture

Bernanke left the Fed. He put Mrs debt fire in charge.

Bernanke wanted to leave while the fed's plates are all still spinning.

Greenspan wants to come clean before he has to pay for all those sins he committed ( Lying while at the Fed, blackballing Brooksley Born, creating bubbles, bailing out his bankster buddies..... the list goes on).

Mon, 02/23/2015 - 00:27 | 5817315 Hubbs
Hubbs's picture

What if one buys Canadian Maple leafs instead of US Liberty or Bufflalos? In theory, the US government didn't stamp Maples and so can't declare Maples as US currency in any form or shape. Could this not throw a wrench in the US government's plan for gold confiscation?

 

Mon, 02/23/2015 - 02:20 | 5817514 Bear
Bear's picture

US .gov can never steal your Maple coins

Mon, 02/23/2015 - 02:43 | 5817535 Rusty Shorts
Rusty Shorts's picture

Bullshit, they'll just pull a FDR

Mon, 02/23/2015 - 02:20 | 5817515 Bear
Bear's picture

US .gov can never steal your Maple coins

Mon, 02/23/2015 - 02:30 | 5817523 Rusty Shorts
Rusty Shorts's picture

Canukistan is owned by UKUSA [pronounced "Eu-Koo-SA"]

Mon, 02/23/2015 - 00:23 | 5817318 Shirley Swanepoel
Shirley Swanepoel's picture

Mother fucker engineered with Nazi W. They will rot in hell.

Mon, 02/23/2015 - 01:09 | 5817429 BolshevikPartyP...
BolshevikPartyPlanningCommitee's picture

I always chuckle when I see someone throwing out the "Nazi" term.  Many sheeple don't know that the same tribe running the private fed reserve also ran the German economy and currency down to the ground.  Hitler kicked these chosenite assclowns out and restored the German economy within 3 years, while the rest of the tribe controlled countries went through a recession.  Greenspan is of that tribe.   One will "Shirley" have more knowledge when increasing their research efforts.

http://www.radicalpress.com/?p=1389

 

Mon, 02/23/2015 - 00:26 | 5817322 knowshitsurelock
knowshitsurelock's picture

Let me see if I got this one straight.

The guy who singlehandedly destroyed the currency, trashed the economy, gave the banks free license to steal, is now telling us that the bomb he built is about to go off?

https://www.youtube.com/watch?v=7Zz7wgCqmxI

Thanks you worthless old curmudgeon piece of shit.

 

 

 

Mon, 02/23/2015 - 00:26 | 5817326 Magooo
Magooo's picture

The event wil be the complete collapse of the global economy and the end of civilization as we know it

Mon, 02/23/2015 - 00:29 | 5817335 p00k1e
p00k1e's picture

A side effect from too much Viagra.  

Mon, 02/23/2015 - 00:33 | 5817346 The Ingenious G...
The Ingenious Gentleman's picture

As usual, just as when he was Fed Chair, he says nothing of any value. What did he say here?

 

1. Gold will be measurably higher in five years.

2. Exiting QE and zero rates will result in a significant market event.

That's it.

I get more from the lowliest ZH commenter. Wait a minute, that would be me!

Mon, 02/23/2015 - 01:10 | 5817431 dumbStruck
dumbStruck's picture

You're not the lowliest commenter, not even close, you realllllly have to plum the bottom of human decency to even get into competition on this site.

Mon, 02/23/2015 - 02:29 | 5817522 OldPhart
OldPhart's picture

I've been around for four years or so and I still have no credibility.  Don't feel bad.

Mon, 02/23/2015 - 00:35 | 5817349 Monetas
Monetas's picture

Would you spend an ounce of silver to see the movie Selma ?  Up vote is a No .... Down vote is a Hell No !

Mon, 02/23/2015 - 00:34 | 5817350 DavyRoySixPack
DavyRoySixPack's picture

Greenspan is just trying to get higher speaking fees than Bernanke. For his "score card". Keep digging Greenspan .... your looking for atonement ... 

Mon, 02/23/2015 - 00:37 | 5817356 reTARD
reTARD's picture

The sheeple still won't hear about this and most likely still won't care. Don't bother them. They're watching the Academy Awards.

Mon, 02/23/2015 - 00:51 | 5817394 TheAntiProgressive
TheAntiProgressive's picture

FU Alan. You have full culpability in the ramep into this new reality we have to face you lying criminal traitor. You better hope the lie continues or you will have some splainin to do.

Mon, 02/23/2015 - 00:53 | 5817397 kelley805
kelley805's picture

The Federal Reserve is not just looking at inflation.  Here is what was hidden in last press rlease.

 

http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/

 

Thanks

 

 

Mon, 02/23/2015 - 00:53 | 5817399 J Pancreas
J Pancreas's picture

Seriously Tylers, a SHTFplan article with a Future Money Trends video??? Future Money Trends rose from the discredited pump and dump penny stock website, the National Inflation Association.

 

To anyone who hasn't been around ZH for the last 5 years or so: ignore anything that comes from SHTFplan and Future Money Trends. I read ZH for years before registering a name to up or downvote and those sources are totally bogus for anything objective. Id rather get my news from Yellen's snatch and thats saying something.

Mon, 02/23/2015 - 04:37 | 5817633 MeBizarro
MeBizarro's picture

If Yellen can do a ventriloquist act with her snatch, I'd pay to see that.  

Mon, 02/23/2015 - 08:12 | 5817785 Moe Howard
Moe Howard's picture

Don't knock NIA, I made a bundle buying and then dumping a stock they pumped. It's all in the timing.

Mon, 02/23/2015 - 00:56 | 5817407 jomama
jomama's picture

How in the hell is this scumsucker still alive

Mon, 02/23/2015 - 01:02 | 5817417 FreeShitter
FreeShitter's picture

Like Soros, kissinger and the like: Most likely transhumanism.

Mon, 02/23/2015 - 01:44 | 5817479 dumbStruck
dumbStruck's picture

Transfusion. Probably a secret clinic somewhere in the third world.

http://www.telegraph.co.uk/news/science/science-news/10807478/Vampire-th...

Mon, 02/23/2015 - 02:10 | 5817507 pupdog1
pupdog1's picture

His blood was replaced with Marvel Mystery Oil.

Mon, 02/23/2015 - 10:25 | 5818073 hootowl
hootowl's picture

I daily ask myself the same question about Soetoro/Ovomit and his evil coven squatting in the white mosque.  We need a hero who can effectively place a lethal implant into the flesh of the worst, treasonous, bastard in the history of America.

I am 75 years old and long past the ability to execute such an act of heroism with the accuracy required......anybody out there?

Mon, 02/23/2015 - 00:59 | 5817412 sketchysystem
sketchysystem's picture

Poor Alan.  He still believes there is a "market".  Obviously senile.  Just nod and smile until his handlers take him back to Del Boca Vista IV.  Without any oversight, given the revolving doors, this market is going higher.  Until the Chinese have their currency debauched, leading them to enlighten us all that they own almost all of the physical gold in the world...

Pretty obvious what is going on here.

Mon, 02/23/2015 - 10:20 | 5818063 hootowl
hootowl's picture

What will the Chinese do with all the gold in the world when their is no one left to sell it or trade it with.  When the central banks impoverishment fraud has been completed.

Clean air, clean water, non GMO foods, and unpolluted land will be the currency and reserves of choice.

The Chosenites will have to breathe, drink, and eat their gold........or get up off their scheming/scamming posteriors and produce something of value.....or eat each other.  The reset won't include much room for parasites and charlatans.

Mon, 02/23/2015 - 01:02 | 5817416 dumbStruck
dumbStruck's picture

Greenspan is a perfect example of the shameless manipulative psychopathic vermin encrusting the nations of the earth. He's right of course but words of wisdom from such a source... it's like getting warned to save for a rainy day from a drunken sailor who's just blown his entire pay on whores and rum.

Mon, 02/23/2015 - 08:32 | 5817811 cornfritter
cornfritter's picture

more like a clever drunken sailor who's just blown everyone elses entire pay on whores and rum

Mon, 02/23/2015 - 01:04 | 5817420 flyonmywall
flyonmywall's picture

Why the fuck would I listen to Greenspan now, when I never listened to him when he was head of the Fed?

Because he doesn't matter, that's why. He was used and abused and traded his principles for an important, cushy job, where he got his flaccid, wrinkled cock licked by the most expensive prostitutes on the planet and got a boatload of money for toeing the party line.

Why would I give a rat's ass what he says? Any idiot with half a brain knows that gold will eventually go higher. The real question is when? Anybody can claim up to 5 years. It's a nice, safe prediction my senile 93 year old grandma could have made.

Mon, 02/23/2015 - 01:15 | 5817440 I Write Code
I Write Code's picture

Greenspan pushed the economy off the cliff around 1991, and now he's complaining about the fall?

But he really doesn't seem aware of anything that's happened since 2009, or really 1979.

Mon, 02/23/2015 - 01:15 | 5817441 Meremortal
Meremortal's picture

You guys are as predictable as the flu.

 

 

Mon, 02/23/2015 - 01:17 | 5817443 sketchysystem
sketchysystem's picture

Nothing big will happen until the uber-wealthy find someone else to hold the bag.  Sadly, for them, they have created an environment in which that can't possibly happen....

 

Mon, 02/23/2015 - 03:29 | 5817586 Hope Copy
Hope Copy's picture

It has happened in the past and can happen again,  sooner is better than later.

Mon, 02/23/2015 - 01:21 | 5817449 BolshevikPartyP...
BolshevikPartyPlanningCommitee's picture

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it." -- Congressman Louis T. McFadden in 1932 (Rep. Pa)


Mon, 02/23/2015 - 01:25 | 5817455 joywarren
joywarren's picture

Dear Mr. Alan Greenspan,

SUCK MY DICK!

 

Mon, 02/23/2015 - 01:26 | 5817457 Tim Knight from...
Tim Knight from Slope of Hope's picture

"Measurably" higher? One penny would qualify with that weasal word prediction.

Mon, 02/23/2015 - 01:54 | 5817487 JoJoJo
JoJoJo's picture

I just heard last week Mrs Greenspan (Andrea Mitchel the nasally NbC reporter criticize) Obama.Hell has frozen over. Greenspan may want redemption for past fiscal sins.

Mon, 02/23/2015 - 01:57 | 5817492 GoldIsMoney
GoldIsMoney's picture

Mr. Printing Press, critizies printing money. How original....

Mon, 02/23/2015 - 02:08 | 5817505 JoWazzoo
JoWazzoo's picture

Why do people think that the Fed has to unwind QE?  Japan hasn't after 20 years - they just keep piling it on.  Which our Fed will do when the economy and/or the Stock market tanks.  The Fed will introduce Q E 4 before thay raise rates cause the shit is gonna hit the fan soon.  See if Yellin does not say as much on Tuesday.

 

Greenspan's comment here were as clear as his edicts when he was Chair.

Mon, 02/23/2015 - 02:22 | 5817518 Seize Mars
Seize Mars's picture

Alan Greenspan is a lying, bullshitting scumbag. He knew better when he was in office, and he chose the low road anyway. I don't give a rat's ass what he says now, even if it sounds relatively contrite. He hurt more people when he was in office than most tinpot dictators.

Fuck him and his employers.

Mon, 02/23/2015 - 02:38 | 5817532 Sorry_about_Dresden
Sorry_about_Dresden's picture

What really amazes me is how he can just say such ridiculous things when he knows damn well the Japanese have been zirping and QE for 20 years. Toyota just had it's best quarter in the history of Toyota.

Who does this clown think he is fooling?

I wonder where these monsters retire?

I know the officials at the Bank of International Settlement get diplomatic immunity and probably lots of other bennies. Do they hold up in Basle, Switzerland?

Where is a serial killer when you really need one? We should crown fund some lunatic fringe to do the dirty deed on these clowns.

Corzine? John Corzine? Has anyone seen Jon Corzine? He must be chillin' with Ferris Beuller!

Mon, 02/23/2015 - 02:58 | 5817555 DIGrif
DIGrif's picture

Do you actually HAVE a rat's ass that you could give? Ewwwww.

Wed, 02/25/2015 - 00:53 | 5825621 Seize Mars
Seize Mars's picture

Well, no. If I had one, I wouldn't give it. (Wait, if a rat's ass is so loathsome, shouldn't I make sure I give it away?)

Ah well.

Mon, 02/23/2015 - 02:35 | 5817529 Quaderratic Probing
Quaderratic Probing's picture

http://en.m.wikipedia.org/wiki/Fedspeak

Says it all..useful idiot

Mon, 02/23/2015 - 02:58 | 5817554 Jack Daniels Esq
Jack Daniels Esq's picture

USFRB - Ponzi Bank to Wall St Cartel

Mon, 02/23/2015 - 03:13 | 5817571 Runs-With_Toast
Runs-With_Toast's picture

Is that old fool still alive?

Mon, 02/23/2015 - 07:48 | 5817752 SmedleyButlersGhost
SmedleyButlersGhost's picture

No - but the stink will start to give him away soon

Mon, 02/23/2015 - 03:26 | 5817583 Hope Copy
Hope Copy's picture

Whereas a good part of this FIAT money that has been created is in the market, well most of it.. Poof it goes, uninsurable and the economy grinds down to the reality of what is really needed and luxury for most evaporated for quite some time.

Mon, 02/23/2015 - 04:07 | 5817614 SubjectivObject
SubjectivObject's picture

I think this and his recent gold opinion call are signals for the oligarchic minions that the time is ripe for what comes next, and any coincident creedence he or his ministrations may have for Joe Suckspuck is merely coincidental.

Mon, 02/23/2015 - 04:11 | 5817617 shouldvekilledthem
shouldvekilledthem's picture

Came here for my daily fix of gold pump. I will leave satisfied.

Mon, 02/23/2015 - 04:12 | 5817618 DutchBoy2015
DutchBoy2015's picture

Just remember that George Washington warned about Jews and private central banking.   109 places and counting.

Mon, 02/23/2015 - 09:02 | 5817855 lotsoffun
lotsoffun's picture

ike, yes.  george washington?  show us.

 

Mon, 02/23/2015 - 04:23 | 5817624 SilverFish
SilverFish's picture

So what's next? Bernake doing bug-out bag videos on YouTube?

Mon, 02/23/2015 - 04:45 | 5817637 MeBizarro
MeBizarro's picture

Lousy podcast.  Rehashing of the obvious for the most part with no real interesting insights. 

Mon, 02/23/2015 - 04:58 | 5817649 JPMorgan
JPMorgan's picture

' What the fuck are you doing Al, you know your upsetting some folks by saying this kind of stuff right '.

To which Al replies something along the lines of.

' I've kept to the official line long enough, plus I'm too old to care what THEY think anymore '.

Mon, 02/23/2015 - 05:04 | 5817654 Dojidog
Dojidog's picture

What is going to be hilarious is when the younger generations catches on to the Ponzi scheme and just says, “Hey that is you old farts' debt.  We are not going to pay it off.  You are going to and we are going to take it out of all your retirement funds.”  The first ones they will go after are all the fat-cat banks and politicians.

Can you say “We hereby declare the entire indebtedness to be odious and null and void”?  Have a nice day.

 

Mon, 02/23/2015 - 05:06 | 5817657 DutchBoy2015
DutchBoy2015's picture

They will send out the military to kick your asses.

Mon, 02/23/2015 - 05:05 | 5817655 DutchBoy2015
DutchBoy2015's picture

Trivia question :  Has there ever been a NON Jew in charge of the USA finances?

Mon, 02/23/2015 - 05:10 | 5817659 One Eyed Jack
One Eyed Jack's picture

No shit Al? Welcome to the party

Mon, 02/23/2015 - 05:11 | 5817660 DutchBoy2015
DutchBoy2015's picture

Just a tidbit of info for you all,.

Janet Yellen is just a puppet of the real ''brains'  in the FED, Stanley Fischer the vice chair who ran the Bank of Israel when Bernanke (another KIKE) was chair of the FED.

1913 - ZioNazi Jews create the FED.  Can you figure out yet why Hitler attacked the Jews?  Why Abe Lincoln and JFK were killed?

 

Mon, 02/23/2015 - 05:32 | 5817673 One Eyed Jack
One Eyed Jack's picture

I believe for the same reason that many attempts were made on Andrew Jackson. He wanted to eliminate the central bank. (fed). Although this is a guess.

Mon, 02/23/2015 - 17:30 | 5819816 wendigo
wendigo's picture

Abe Lincoln got off easy. He deseved way worse than assassination. 

Mon, 02/23/2015 - 05:30 | 5817665 Batman11
Batman11's picture

Investors are like a flock of sheep and are very slow to react.

The sub-prime ponzi scheme started to blow up in early 2007 at Bear Sterns.

"$14 trillion pyramid of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans" (All the presidents Bankers, Nomi Prins)

But the investing sheep continued to graze until October 2007.

 

1926 - house prices softened

1927 - car sales dropped

1928 - construction leveled off

But in wall street the music still played until 1929.

Investors and markets are slow to react to the oncoming storm.

 

Commodity prices are dropping through the floor and real things are made from commodities.

When will the investor sheep look up from the lush pasture they are grazing on?

 

Mon, 02/23/2015 - 05:35 | 5817675 smacker
smacker's picture

Although I am unimpressed at how Greenspin turned from poacher to gatekeeper since he left the Fed - without admitting his own role in creating the giant bubble - it's good to know that he now reads Zerohedge to learn what it - and very many commenters - have been saying for several years: "something big is going to happen", because the current financial charade is unsustainable and the facts say so.

Mon, 02/23/2015 - 05:35 | 5817678 Panic Mode
Panic Mode's picture

Wall Street probably thinks he has gone nut now.

Mon, 02/23/2015 - 05:46 | 5817682 One Eyed Jack
One Eyed Jack's picture

For all the disgust, loathing and rhetoric espoused by so many citizens and Congressman and Senators regarding the FED you would think that it would be gone by now not celebrating it's hundredth anniversary recently.

For all their crimes you would think that their operation would have been destroyed and the buildings torn apart brick by brick.

So my question is (and this is genuinely from a position of trying to understand)

If everyone recognizes who, and what is the problem(s) is/are:Why then is it allowed to persist?

Lastly Greenspans comments seem more like trite bullshit to spare his reputation when the shit hits the fan rather than some epiphany that he has been suddenly over taken by.

Mon, 02/23/2015 - 05:47 | 5817684 DutchBoy2015
DutchBoy2015's picture

Because they want to keep the Ponzi scheme going by hook or crook but most likely WW3.

Mon, 02/23/2015 - 05:49 | 5817685 timmeh
timmeh's picture

fuck you.

Mon, 02/23/2015 - 05:57 | 5817687 Batman11
Batman11's picture

A financial boom is just so easy to engineer.

The bankers product, loans/debt, allows you to borrow your own money from the future to spend today.

The loan is granted today and spent almost immediately; the repayments come in the future.

In a housing boom, the housing stock is pretty much the same at the start of the boom as the end of the boom. It is the easy distribution of the bankers product, loans/debt/mortgages, that allows the price rises in an almost unchanging asset.

Wars are good for getting Governments to take on the bankers product, loans/debt. This is probably why the US is permanently at war. It is a good way for bankers to shift their product and put the costs on tax payers.

There is no constructive investment involved in housing booms or most modern wars to generate any capital to repay the loans.

Eventually there is some crisis and the bankers panic and stop issuing new loans.

All the loans are spent and the repayments are now due.

The inevitable crash after the financial boom, when new loans no longer cover the money being sucked out of the economy in repayment for old loans long spent.

 

Mon, 02/23/2015 - 06:49 | 5817714 andrewp111
andrewp111's picture

World War III will be the ultimate spending boom. It will make WW II look like a girl scout party. And it is being engineered right now (what do you think ISIS and the Ukraine action are for?)

Mon, 02/23/2015 - 06:54 | 5817716 Batman11
Batman11's picture

Nuclear weapons are a problem for bankers.

There is nothing left afterwards.

This is the reason the cold war stayed cold, the other alternative was MAD (mutually assured destruction).

 

Wars used to be a nice little earner for bankers, using their loan product to allow wars to continue.

Letting the leaders borrow to finance their wars and then pushing the repayments onto tax payers in the future.

 

Mon, 02/23/2015 - 06:08 | 5817690 forputin
forputin's picture

Ukie propoganda gets more pathetic.

In this Ukie lies propaganda are filming two ukie actors who are dressed like DNR soldiers from chechnya who are staged to crash porsche jeep to steal something or what ever. What a lie! We know that! Right? Because DNR are very nice people who are locals not some thiefs from chechnya, DNR soldiers respect law and would never do such crime:

http://youtu.be/LeqE_QvgAtg

Also here is another ukie propaganda material where again, two Ukia actors are used, one was brought even from Yakut to show that DNR are not locals but from Russia republics - what a lie! Everyone in DNR are locals! Like that other guy who was "beaten up". Everyone can see that those are holywood actors and he is not beatne up for so call "desertion" - again ukie lie, DNR fighter would never do that!

http://youtu.be/gfOqg51GAEk

So again, we, those who bring truth should expose these lies and thank again that there alternative media to main stream propoganda. So thanks to Russia Today, Rossija24, Sputnik, LifeNEWS (RUSSIAN), Pravda, other russian channels. They bring objectivity and truth! A light amoung westerner lies smog.

Go Putin! For Putin! Support this!

 

 

Mon, 02/23/2015 - 06:13 | 5817692 pakled
pakled's picture

A person's thinking evolves over time. Whatever AG thought of Au at any prior point, it's not easy to know why he would come out now with this broadish G&D prophecy. As a general rule however, my guiding light for AG goes back to when as a consultant he gave Lincoln S&L a clean bill of health just shortly before its chairman Charles Keating was arrested and jailed for bringing the institution down.

 

So, AG is either grossly incompetent (possible, according to the law of rising to one's level of incompetency), or a bought and paid for whore.

 

Or both.

Mon, 02/23/2015 - 06:44 | 5817708 andrewp111
andrewp111's picture

So Greenspan. What will ever force the Fed to exit? Bernanke says rates won't normalize in hios lifetime. Maybe they will just go deeper into NIRP then Europe is now at some point.

Mon, 02/23/2015 - 06:45 | 5817709 Herdee
Herdee's picture

Funny how they change colours after leaving office.Basically went from hating to loving gold.Love-Hate relationship.

Mon, 02/23/2015 - 06:56 | 5817718 DutchBoy2015
DutchBoy2015's picture

This explains it all perfectly  a MUST WATCH 

https://www.youtube.com/watch?v=cACZc6gYi9s

Mon, 02/23/2015 - 07:23 | 5817733 Monetas
Monetas's picture

Alan Greenspin .... "You, Sir, are no Milton Friedman !" 

Mon, 02/23/2015 - 07:15 | 5817734 Hannibal
Hannibal's picture

Assumptions + Speculation = Worthless!

Mon, 02/23/2015 - 07:42 | 5817747 Last of the Mid...
Last of the Middle Class's picture

Mainstreet should think of Greenspan as "the vaseline" for the upcoming event.

Mon, 02/23/2015 - 07:47 | 5817751 falak pema
falak pema's picture

Sign of the times : ???

http://www.wsj.com/articles/carlyle-hedge-fund-unit-has-big-outflow-1424...

If the big daddy of Bush US Oligarchy starts coughing up losses what does it say about the state of the Union of Private Capital Buccaneers Inc. ?

These guys fly their own flag and its the most powerful armada of private capitalism. 

Maybe Greenspan knows the unknown knowns better than we do by reading into those Carlyle tea leaves. 

Big capital outflows from US is the other heading today. 

Mon, 02/23/2015 - 08:05 | 5817776 Monty Burns
Monty Burns's picture

Guess some more humanitarian bombing is on the way. 

Mon, 02/23/2015 - 08:52 | 5817838 boooyaaaah
boooyaaaah's picture

Allan did two things that stand out

 

He raised interest rates for no other reason than the dotcom bubble was to high

Successfully killing many competitors to our present old guard, apple google 

Then at the presipice of th 2008 crash he could see no problems. Even though the fed has regulatory authority over bank liquidity.

Now he thinks gold will rise

Which means inflation will take hold

Which means deflation is over. I think deflation is a big bear and more or less indepedent of interest rates.

But more related to debt. And our present day modernization similar to the electrification and industrialization of the 1920's.

The inflation that the fed has been trying to create found its way to the stock market. And that resulted in trickle down innovation. Making economic discourse very much more efficient. Causing prices to fall. That and deleveraging.

The danger Allan saw in the 2000 docom bubble may be coming now.

The inovation we now see everywhere is an anathema to big gov ( fed ) control.

That innovation is what Allen feared. An apple A samsung A google etc etc that does nor need central planning or central bank financing but relies on the market for growth.

So Allen is invested in gold. He says gold will go up. 

I dont trust Allen

 

 

 

Mon, 02/23/2015 - 09:14 | 5817872 falak pema
falak pema's picture

Well Volcker did the same in 1979/1980 to kill inflation in welfare state salaries.

The dot.com was a bubble and it needed to be deflated. But what followed was worse. And Greenspan Ok'd Glass Steagall revoke. He should have cried out to high heaven on that Clintonian call. 

The power of corporate America is as dangerous as the power of Executive America.

Oligarchy Capitalism and Statism are both shown to be totally corrupted.

We need a new paradigm away from fossil fuel and a better balance between free enterprise and State rip-offs.

We need smaller corporates and more decentralised state regulation.

Give the people space to breathe and dream of innovation compatible with eco systems, without destroying the welfare state elevator.

This guy won a Nobel prize for trying to define that equilibrium : 

Mohan Munasinghe...http://www.mohanmunasinghe.com/sustainomics.cfm

But he is not a mover and shaker just a voice in the wilderness of greed and hubris. 

Our movers and shakers only want to get rich fast! 

Mon, 02/23/2015 - 07:56 | 5817759 Unix
Unix's picture

Why the truthiness all of a sudden Greenspawn? What is it that you know we don't?

Mon, 02/23/2015 - 08:03 | 5817768 robertocarlos
robertocarlos's picture

Something wonderful?

Mon, 02/23/2015 - 08:03 | 5817769 sTls7
sTls7's picture

Thanks Alan, you helped create this BIG MESS. 

Mon, 02/23/2015 - 08:07 | 5817777 taketheredpill
taketheredpill's picture

 

 

Did he mention anything about bailing out banks?  

Mon, 02/23/2015 - 08:04 | 5817773 Monty Burns
Monty Burns's picture

And we're meant to believe anything the slimeball comes out with?

Mon, 02/23/2015 - 08:04 | 5817774 sTls7
sTls7's picture

He's worried about his money no doubt.

Mon, 02/23/2015 - 08:06 | 5817775 Lea
Lea's picture

How to be totally ineffective: warn the people of threat after threat and pile up dire predictions over years and years. So, when the SHTF - if it ever does - your audience is so numb it never saw it coming.

In other words, stop running around in circles, yelling blue murder and waving red flags every second day, and concentrate on real issues. Everything has its cure, which doesn't lie in constant, braindead and aimless fearmongering, but on calmly sitting down to solve whatever problems arise.

And to add to the doom and gloom atmosphere, the sponsored links on this website aren't getting any better. My, aren't they awful.

Mon, 02/23/2015 - 08:36 | 5817817 Sambo
Sambo's picture

The violence is beginning...

 

Reuters Bureau Chief in Islamabad, Pakistan found dead.

 

 

Mon, 02/23/2015 - 08:47 | 5817833 jarana
jarana's picture

Welcome to Paper Street, Alan.

Mon, 02/23/2015 - 08:57 | 5817846 Son of Captain Nemo
Son of Captain Nemo's picture

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?

What I wish to God is that this evil motherfucker that created this mess rats out the "rest of the ship" before a nuclear exchange takes place!

Those who come hear to Zero Hedge certainly are!...

But as for the other 298,000,000 something lemmings that watch CNN Money and MSNBC Jim Cramer???

Mon, 02/23/2015 - 09:01 | 5817852 cn13
cn13's picture

So the man responsible for killing the markets is now warning us about his mistakes.

 

Greenspan is one of the biggest sell out traitors in American history.

 

He should be tarred, feathered, and put in a cage outside to die like Britian used to do to captured pirates.

Mon, 02/23/2015 - 11:02 | 5818181 saveUSsavers
saveUSsavers's picture

This  ARSEWHOLE IN HISTORY will NEVER stop trying to re-write it. Bush and his neocon cronies same thing.

Mon, 02/23/2015 - 09:12 | 5817869 Againstthelie
Againstthelie's picture

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.

A very convincing argument, isn't it?

One of the most valuable lessons I learned about markets, was when I studied what happened in 1929: does wheat have value, if it feeds us? In 1929 the prices dropped that much, that farmers in the US did not harvest, but burned down their fields because the harvest would have cost more, than it would have earned them!

So this article withholds the fact, that this thesis is only true over the long term. Short and medium term prices can show absolutely irrational values.

Mon, 02/23/2015 - 09:15 | 5817874 zen0
zen0's picture

If this is his " irrational exuberance" reprise, there is another 2 years to go.

Buy

Mon, 02/23/2015 - 09:20 | 5817891 Quinvarius
Quinvarius's picture

The new breed of Wall Street noobs are certain the paper price they set is a real reflection of the market.  Nothing can go wrong when a twenty something noob is making decisions for a bank based on his vast life experience and deep unerstanding of global markets.

Mon, 02/23/2015 - 09:29 | 5817921 TweedleDeeDooDah
TweedleDeeDooDah's picture

Heh... you think these "noobs" are actually making decisions, and not just mathematical algorithms?

Mon, 02/23/2015 - 09:33 | 5817929 SquadronVBF94
SquadronVBF94's picture

sounds like he's preparing his defense from being first in line to be a hauled to that lamp post.

Mon, 02/23/2015 - 09:40 | 5817941 Baby Eating Dingo22
Baby Eating Dingo22's picture

This purported event took place 4 months ago.Next one Oct 2015

Can't find any source confirming Greenie ever said this other than hearsay from Lundin selling his newsletter

https://www.facebook.com/NewOrleansConference

Link to "full interview" is BS

https://www.youtube.com/watch?v=uExEdyQWftw

The handful of "cutting edge" news sources all reporting today, obviously simply parroting rather than validating

 

Latest from Brien Lundin
October 31, 2014


Alan Greenspan:
Big trouble ahead...
and  higher gold prices

The “Maestro” delivered some stunning predictions and statements at the recently concluded New Orleans Investment Conference...

Dear Fellow Investor,

You’ve probably heard the rumors on CNBC. You may have read some commentary already from one or more of our speakers at last week’s New Orleans Investment Conference.

But now you can hear the real story, straight from the horse’s mouth.

One Of The Most Important Statements
In Our Four-Decade History

As you know, the New Orleans Investment Conference celebrated its 40th Anniversary last week. After being involved in nearly 30 of them myself, I can testify that the week following the event is a tough slog. Physical and mental exhaustion combine to make it hard to get things done.

But time waits for no one. And I wanted to rush some important news to you as soon as possible.

You’ve probably seen some early reporting from other sources, including CNBC, that Dr. Greenspan delivered some big pronouncements at the New Orleans Conference. That he did — and I’ll get to it in a moment — but he wasn’t the only one to deliver real value.

I know I’m biased, but everyone I talked with during New Orleans 2014 agreed with my view that, in terms of content, this was one of the most valuable conferences in many years.

From start to finish, our speakers were hitting home runs. I have to compliment them for their preparation. It’s a grand tradition with our event that our speakers often save their best strategies and tips to reveal here, but this year was like nothing I’ve seen before. Everyone brought their “A” game, even the panel moderators.

Of course, Alan Greenspan was our big headliner, participating in a one-on-one interview with our talented MC, Gary Alexander, and then participating in a panel discussion with Porter Stansberry and Dr. Marc Faber, also moderated by Gary.

In between these two sessions, I also had the opportunity to have lunch with Dr. Greenspan in my suite, along with a few other speakers.

I’ll have a full recap of the Greenspan presentations in our November issue of Gold Newsletter, which will be published next week. (As a special bonus, and so you can get all of the valuable insights we’ll be presenting, you can subscribe now for half price by clicking here.)

For now, I can tell you that there were a few very important points that — once you combine everything he said in public and private and translate it from Greenspeak — were extremely compelling.

To wit....

1) We are not going to exit QE and the Fed’s zero interest rate policy without some sort of a major market event. These are not Dr. Greenspan’s exact words, of course, but after quizzing him personally on the subject, I assure you he would not disagree with a word of it.

In effect, he noted that the tremendous expansion of the Fed’s balance sheet is absolutely unprecedented, actually “beyond comprehension,” and there is no easy path out of the predicament. He did outline one option — essentially a bookkeeping transfer of the Fed’s liabilities to the balance sheets of the banks — but maintained that the market would still interpret this as the Fed tightening monetary policy.

And that, he noted, would be met with a very significant negative reaction in the markets.

2) Gold is going “measurably” higher. Why? See above.

When asked where the price of gold would be in a year, Dr. Greenspan demurred, noting that he would never make a market prediction. However, he volunteered that he would gladly predict where gold would be in five years...and that it would be “measurably” higher for the very reasons I detailed above.

3) An inflationary bonfire is just a spark away. I was pleased to see that Dr. Greenspan agreed with some of the major points of my speech.

In particular, he agreed that the only reason we have yet to see inflationary pressures was because most of the money printed through QE had found a home not in the economy, but in the banks’ $2.7 trillion of excess reserves being held at the Fed, where they’re earning about a quarter-point of interest.

As I’ve been saying, once banks start lending these reserves into the economy, monetary velocity will spike and retail price inflation will take root. I compared these excess reserves to a huge water balloon of liquidity overhanging the economy, in search of a pin. Dr. Greenspan called it “kindling” awaiting a “match” (increased bank lending) to ignite into an “inflationary explosion.”

When the Maestro says that an “inflationary explosion” lies in our future, it goes without saying that we should take heed.

4) The Fed doesn’t really control interest rates. Yes, he said that. But he qualified it as, although the Fed sets rates over the short-term, the massive monetary liquidity overhanging the economy means that “once the wheels start turning, all sorts of things will start happening.”

In other words, the market will set rates, and the Fed will lose control.
Although he didn’t express it, the comparison with the stagflation of the 1970s is obvious and concerning.

5) The Fed says that total public debt outstanding is now $17.8 trillion, but don’t believe it. It’s actually incalculably higher.

In our discussion over lunch, I noted how many analysts erroneously exclude Federal debt held by the government itself, since we “owe it to ourselves” and can simply forgive the debt.

I thought Dr. Greenspan was going to take off on how inflationary this would be, but he stunned me and everyone else by taking a very different tack.

He asked us if we thought the Fed would allow, for example, J.P. Morgan to fail. Of course they wouldn’t, we agreed. So, he noted, the U.S. government has essentially guaranteed the debts of J.P. Morgan.

Thus, “no one has any idea what the Federal liability truly is, because they’ve essentially guaranteed the liabilities of all the too-big-to-fail entities.”

So unless you were somehow able to derive and total all of the liabilities of every banking, insurance or other financial institution, domestic and foreign, that the Fed is guaranteeing, you have no concept of how large the Federal debt/liability is.

That was a truly amazing — and frightening — admission by Dr. Greenspan. As was his admission that the Fed really isn’t independent...his thoughts on how he managed to work within the political system without compromising his core principles...his views on gold as currency...and his prediction that China is converting its foreign exchange from dollars into gold.

Dr. Greenspan also provided, in an email exchange after the conference, an explanation of his comment in 1998 that “central banks stand ready to lease gold in increasing quantities should prices rise.”

I’m going to present his explanation of this statement within our full review of his presentations in our November issue of Gold Newsletter. I’ll also recap some of the more-compelling presentations by our other speakers.

So if you’re not a subscriber, take advantage of this opportunity to get onboard for just half price.

And listen to what Dr. Greenspan is saying, in so many words. There’s trouble ahead with the ending of QE and the zero interest rate policies of the Fed, and much higher inflation is virtually unavoidable.

So protect yourself while you still can.

All the best,

Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference

P.S. We’re busily compiling the video and audio recordings of New Orleans 2014, and are scheduled to have them available the week of November 10.

This year, we’re offering audio MP3 files of every General Session presentation, plus video DVDs and online streaming of selected General Session presentations.

If you’d like to get at the head of the line for these immensely valuable recordings, click here.

Brien Lundin is the editor and publisher of Gold Newsletter, a publication that has ranked among the world's leading precious metals and resource stock advisories since 1971. To learn more about Gold Newsletter, visit www.goldnewsletter.com. Mr. Lundin is also the host of the famed New Orleans Investment Conference, the world's oldest and most respected gold investment event. To learn more, visit www.neworleansconference.com.
Mon, 02/23/2015 - 09:53 | 5817988 Chuck Knoblauch
Chuck Knoblauch's picture

Does Alan still think ARM's are a good idea?

Mon, 02/23/2015 - 10:04 | 5818029 IndianaJohn
IndianaJohn's picture

That parasite with goggles has never produced as much as a bale of straw for the real world. Feed him to the dogs, where he can finally be of some use.

Mon, 02/23/2015 - 10:18 | 5818057 DutchBoy2015
DutchBoy2015's picture

Quick, name ONE NON Jew that has been Chairman of the FED.

You guys just don't get it yet.

Mon, 02/23/2015 - 11:35 | 5818309 GMadScientist
GMadScientist's picture
More than half, but there are six...unless you think William Harding was a crypto-jew or something...
1) JEWISH-Charles S. Hamlin (August 10, 1914 — August 10, 1916) 2) William P. G. Harding (August 10, 1916 - August 9, 1922) 3) Daniel R. Crissinger (May 1, 1923 - September 15, 1927) 4) Roy A. Young (October 4, 1927 - August 31, 1930) 5) JEWISH-Eugene I. Meyer (September 16, 1930 - May 10, 1933) 6) JEWISH-Eugene R. Black (May 19, 1933 - August 15, 1934) 7) Marriner S. Eccles 1 (November 15, 1934 - February 3, 1948) 8) Thomas B. McCabe (April 15, 1948 -April 2, 1951) 9) William McChesney Martin, Jr. (April 2, 1951 - February 1, 1970) 10) JEWISH-Arthur F. Burns (February 1, 1970 - January 31, 1978) 11) G. William Miller (March 8, 1978 - August 6, 1979) 12) JEWISH-Paul A. Volcker (August 6, 1979 - August 11, 1987) 13) JEWISH-Alan Greenspan 2 (August 11, 1987 - January 31, 2006) 14) JEWISH-Ben Shalom Bernanke (February 1, 2006 - Present)
Mon, 02/23/2015 - 12:37 | 5818514 Comte d'herblay
Comte d&#039;herblay's picture

You need to get up to speed or risk looking like a fool:

 

Greeenspan is not current Fed Chairsatan, J. Yell is and SHE is also a jew which means for 28 years, and likely at least 35 yrs three Jews have been in charge of the FED during the most prolific money printing, Q.E. and ripoffs of the Global financial system EVER, and trillions of those dollars going to Jewish Run organizations, like Lord Blankfein's Goldman Sucks, and dozens of others.

If you don't think three sicilians, Irish, Swedes, native american indianas, Blacks,  in those 35 years running the FED with the latest 7 years loosey Goosey, ZIRP, multitrilliion dollar scam that made whole of losers, and made more bonuses for utter failure, would have eyebrows raised among the JEWS, and every other nationality left out, you need to get your head out of your ass.

Mon, 02/23/2015 - 15:37 | 5819340 Monty Burns
Monty Burns's picture

But Jews are only 2% of the population. Shurely shome mishtake?

Mon, 02/23/2015 - 10:20 | 5818060 DutchBoy2015
DutchBoy2015's picture

You know why they are going after Putin?  He is not Jewish and doesn't cater to JEW private central banking.

Mon, 02/23/2015 - 10:45 | 5818132 bugs_
bugs_'s picture

Alan Nostradamus Greenspan.

Mon, 02/23/2015 - 10:48 | 5818140 Mike Honcho
Mike Honcho's picture

From the guy who said its impossible for the US to default, just print more paper.

http://www.cnbc.com/id/44051683

Mon, 02/23/2015 - 10:52 | 5818147 Mi Naem
Mi Naem's picture

Is the aging Greenspan seeing The Light slowly coming towards him so he's now trying to get some truthiness out there before he meets his Maker? 

Or, is he just trying to embarrass awakening folks from saying truthful things about the corruption, frailty, and imminent demise of our system for fear of being associated with this criminal asshole? 

Mon, 02/23/2015 - 10:58 | 5818171 saveUSsavers
saveUSsavers's picture

A tall enough lamppost for he is not to be found.

Mon, 02/23/2015 - 11:06 | 5818188 khaproperty
khaproperty's picture

A lot of noise for the urgent exit out of QE and ZIRP. Treasuries will fall. Stocks too. Possibly most of the money they have printed will burn. So what? All this will be better than going on with this horrible policy of doing nothing - only hoping this funny times will never end.

But there is nothing like a free lunch - we all have to pay for the printing, the zero and the bubble in assets: The earlier the better.

Mon, 02/23/2015 - 11:29 | 5818273 GMadScientist
GMadScientist's picture

Fuck that little market-pumping gnome piece of shit.

Mon, 02/23/2015 - 11:57 | 5818360 moneybots
moneybots's picture

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

 

The result of Greenspan's own policy, of doubling down on 1920's FED policy that Greenspan himself previously said, lead into the GREAT DEPRESSION.

Mon, 02/23/2015 - 11:55 | 5818392 moneybots
moneybots's picture

"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"

 

Actually, we couldn't get into this era of money printing without repurcussions.  The problem isn't caused by bursting the bubble, the problem is caused by inflating the bubble.  100% will burst.

Mon, 02/23/2015 - 12:36 | 5818531 Comte d'herblay
Comte d&#039;herblay's picture

Maybe maybe not, but his breath still stinks, and he is sitting on personal billions with little else to do but mouth off in certain terms what he didn't do while running the FED, speaking in Glossolallial, inscrutable tongues that even a wizard couldn't decipher.

NOW he speaks plainly and he may be correct but who is going to listen to him, unless the real Money Men have told him they are going to crash it?  Who's to say the RMM aren't using him as a sell signal when they are still buying? 

 

Mon, 02/23/2015 - 14:20 | 5818971 Boubou
Boubou's picture

Economists make a lot of money but when it comes to predictions I'll go with the blind monkey.

Tarot readers , and spiritualists use these techniques. Their pronouncements are so vague and short on detail that, if you believe, you can read between the lines ,stretch it and  make it work.

If  you are a sceptic you will see it for what it is - portentous guess work.

But, hey, they all have opposing views so someone is bound to be right.

Mon, 02/23/2015 - 14:48 | 5819079 exartizo
exartizo's picture

Mr. Greenspan has not changed his spots.

He is ever in the pocket of his Bankster Masters, no doubt.

Mon, 02/23/2015 - 15:47 | 5819393 DutchBoy2015
DutchBoy2015's picture

Just read the Talmud and it will all become clear to you.

Mon, 02/23/2015 - 19:27 | 5820273 bunnyswanson
bunnyswanson's picture

Rothschilds v Rothschilds story is ~gone~ after 3 million reads?  Turning them against each other is the answer - Turn the tables on these people motivated by hate toward us, while feigning friendliness.

Wed, 02/25/2015 - 02:34 | 5825924 rex-lacrymarum
rex-lacrymarum's picture

Oh please,no,  not Greenspan...now the gold market will be jinxed for years...

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