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Alan Greenspan Warns: There Will Be a “Significant Market Event... Something Big Is Going To Happen”
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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I agree with your analysis, but would caution you to be wary of those Grandfathery-types ;)
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.
talk is cheap greenspan
show us your stack ....
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???
Ya, it's hard to devalue your currency when the entire world is doing the same thing.
Yes, excellent interpretation and what I expect as well.
They have to do this, it is all they know.
The gold bugs are going to get hammered. I doubt this nut has ever met Greenspan, and I despise Greenspan.
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!!
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.
Elun. Sept. 13
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...
end of the soon to be gold rally innit...
Fuck you Bernanke.
When did he start reading zero Hedge???
Man fucks global economy, warns everybody 20 years later
Beelzebub speaks!
The real question is, Can I personally hold the gold in my IRA? *smirking grin here*
The markets are at a permanently high plateau and are unlikely to fall one iota.
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.
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...
lol
fuck u greenberg
fuck you alan and your banksters friends. It is all your fault
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.
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.
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).
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?
US .gov can never steal your Maple coins
Bullshit, they'll just pull a FDR
US .gov can never steal your Maple coins
Canukistan is owned by UKUSA [pronounced "Eu-Koo-SA"]
Mother fucker engineered with Nazi W. They will rot in hell.
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
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.
The event wil be the complete collapse of the global economy and the end of civilization as we know it
A side effect from too much Viagra.
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!
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.
I've been around for four years or so and I still have no credibility. Don't feel bad.
Would you spend an ounce of silver to see the movie Selma ? Up vote is a No .... Down vote is a Hell No !
Greenspan is just trying to get higher speaking fees than Bernanke. For his "score card". Keep digging Greenspan .... your looking for atonement ...
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.
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.
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
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.
If Yellen can do a ventriloquist act with her snatch, I'd pay to see that.
Don't knock NIA, I made a bundle buying and then dumping a stock they pumped. It's all in the timing.
How in the hell is this scumsucker still alive
Like Soros, kissinger and the like: Most likely transhumanism.
Transfusion. Probably a secret clinic somewhere in the third world.
http://www.telegraph.co.uk/news/science/science-news/10807478/Vampire-th...
His blood was replaced with Marvel Mystery Oil.
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?
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.
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.
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.
more like a clever drunken sailor who's just blown everyone elses entire pay on whores and rum
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.
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.
You guys are as predictable as the flu.
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....
It has happened in the past and can happen again, sooner is better than later.
"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)
Dear Mr. Alan Greenspan,
SUCK MY DICK!
"Measurably" higher? One penny would qualify with that weasal word prediction.
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.
Mr. Printing Press, critizies printing money. How original....
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.
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.
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!
Do you actually HAVE a rat's ass that you could give? Ewwwww.
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.
http://en.m.wikipedia.org/wiki/Fedspeak
Says it all..useful idiot
USFRB - Ponzi Bank to Wall St Cartel
Is that old fool still alive?
No - but the stink will start to give him away soon
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.
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.
Came here for my daily fix of gold pump. I will leave satisfied.
Just remember that George Washington warned about Jews and private central banking. 109 places and counting.
ike, yes. george washington? show us.
So what's next? Bernake doing bug-out bag videos on YouTube?
Lousy podcast. Rehashing of the obvious for the most part with no real interesting insights.
' 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 '.
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.
They will send out the military to kick your asses.
Trivia question : Has there ever been a NON Jew in charge of the USA finances?
No shit Al? Welcome to the party
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?
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.
Abe Lincoln got off easy. He deseved way worse than assassination.
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?
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.
Wall Street probably thinks he has gone nut now.
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.
Because they want to keep the Ponzi scheme going by hook or crook but most likely WW3.
fuck you.
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.
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?)
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.
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!
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.
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.
Funny how they change colours after leaving office.Basically went from hating to loving gold.Love-Hate relationship.
This explains it all perfectly a MUST WATCH
https://www.youtube.com/watch?v=cACZc6gYi9s
Alan Greenspin .... "You, Sir, are no Milton Friedman !"
Assumptions + Speculation = Worthless!
Mainstreet should think of Greenspan as "the vaseline" for the upcoming event.
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.
Guess some more humanitarian bombing is on the way.
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
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!
Why the truthiness all of a sudden Greenspawn? What is it that you know we don't?
Something wonderful?
Thanks Alan, you helped create this BIG MESS.
Did he mention anything about bailing out banks?
And we're meant to believe anything the slimeball comes out with?
He's worried about his money no doubt.
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.
The violence is beginning...
Reuters Bureau Chief in Islamabad, Pakistan found dead.
Welcome to Paper Street, Alan.
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???
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.
This ARSEWHOLE IN HISTORY will NEVER stop trying to re-write it. Bush and his neocon cronies same thing.
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.
If this is his " irrational exuberance" reprise, there is another 2 years to go.
Buy
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.
Heh... you think these "noobs" are actually making decisions, and not just mathematical algorithms?
sounds like he's preparing his defense from being first in line to be a hauled to that lamp post.
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.
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.
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.
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.
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.Does Alan still think ARM's are a good idea?
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.
Quick, name ONE NON Jew that has been Chairman of the FED.
You guys just don't get it yet.
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)
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.
But Jews are only 2% of the population. Shurely shome mishtake?
You know why they are going after Putin? He is not Jewish and doesn't cater to JEW private central banking.
Alan Nostradamus Greenspan.
From the guy who said its impossible for the US to default, just print more paper.
http://www.cnbc.com/id/44051683
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?
A tall enough lamppost for he is not to be found.
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.
Fuck that little market-pumping gnome piece of shit.
"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.
"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.
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?
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.
Mr. Greenspan has not changed his spots.
He is ever in the pocket of his Bankster Masters, no doubt.
Just read the Talmud and it will all become clear to you.
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.
Oh please,no, not Greenspan...now the gold market will be jinxed for years...