“Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies… What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment."
–Alan Greenspan, 9 September 2009
Full Version: Interesting comment from Greenspan
I'd have bolded the second sentence. If gold does hold reign and the Gold Standard ended only in name then Jim Sinclair's Federal External Debt Equilibrium Gold Price model is right and we're off to $16,000 (priced in today's dollar).
QUOTE (BHP Tinto @ Mar 3 2010, 07:25 AM) 
“Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies… What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment."
–Alan Greenspan, 9 September 2009
–Alan Greenspan, 9 September 2009
He can now see clearly the mess that he created. (?)
But he talks now as if he had nothing to do with it ! Amazing !
QUOTE (DrBubb @ Mar 3 2010, 10:39 AM)
He can now see clearly the mess that he created. (?)
But he talks now as if he had nothing to do with it ! Amazing !
But he talks now as if he had nothing to do with it ! Amazing !
"What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment."
What I find amazing is Greenspan finds this fascinating. What a clown.
QUOTE (romans holiday @ Mar 3 2010, 05:53 PM)
"What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment."
What I find amazing is Greenspan finds this fascinating. What a clown.
What I find amazing is Greenspan finds this fascinating. What a clown.
His reputation (which he never deserved) is now in tatters.
In a few years, he will be a villain everywhere, hated for his misdeeds
(as he has been here on GEI for years, because we understood the damage he was doing - few did then)
I hope that Gordon Brown & AG will share the same cell in the afterworld
QUOTE (DrBubb @ Mar 3 2010, 08:56 PM)
His reputation (which he never deserved) is now in tatters.
In a few years, he will be a villain everywhere, hated for his misdeeds
(as he has been here on GEI for years, because we understood the damage he was doing - few did then)
I hope that Gordon Brown & AG will share the same cell in the afterworld
In a few years, he will be a villain everywhere, hated for his misdeeds
(as he has been here on GEI for years, because we understood the damage he was doing - few did then)
I hope that Gordon Brown & AG will share the same cell in the afterworld
I'm sure the US government will provide a state funeral when Greenspin passes away for his wonderful efforts trashing the world......
QUOTE (BHP Tinto @ Mar 3 2010, 11:25 AM)
“Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies… What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment."
–Alan Greenspan, 9 September 2009
–Alan Greenspan, 9 September 2009
The governments want you to move away from paper currencies as fast as you can. It is called spending
They want you to create inflation.
The last think they want right now if for you to think it is beneficial keeping your savings in the bank.
Do you really think Greenspan is a totally independant person? I find that hard to believe myself
How I Caused the Credit Crunch
http://www.amazon.co.uk/How-I-Caused-Credi...h/dp/1848310676
When I finally get round to reading it I will let you know if its any good.
Writer is ex GS - wonder if he is now doing Gawd's work ?
http://www.amazon.co.uk/How-I-Caused-Credi...h/dp/1848310676
When I finally get round to reading it I will let you know if its any good.
Writer is ex GS - wonder if he is now doing Gawd's work ?
QUOTE (BlackPepper @ Mar 3 2010, 11:03 PM)
I'm sure the US government will provide a state funeral when Greenspin passes away for his wonderful efforts trashing the world......
Maybe he can be treated to a Viking style funeral, his body burnt with a pile of American Peso's......
QUOTE (littledavesab @ Mar 4 2010, 06:20 PM)
How I Caused the Credit Crunch
http://www.amazon.co.uk/How-I-Caused-Credi...h/dp/1848310676
When I finally get round to reading it I will let you know if its any good.
Writer is ex GS - wonder if he is now doing Gawd's work ?
http://www.amazon.co.uk/How-I-Caused-Credi...h/dp/1848310676
When I finally get round to reading it I will let you know if its any good.
Writer is ex GS - wonder if he is now doing Gawd's work ?
This is what makes me sick about bankers/people, pedalling out average stories trying to cash in on ANYTHING. 2-bob celebs, 20 something city workers who havent a clue whats going on, 19yr old footballers.
So many books coming out, so many voices.......
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