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Old 10-29-2014, 02:38 PM   #1
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Greenspan's comments

http://www.moneynews.com/AxelMerk/Gr.../29/id/603799/

"The Gold Standard is not possible in a welfare state."

"I never said the central bank is independent!"

"The Fed's balance sheet is a pile of tinder, but it hasn't been lit . . . inflation will eventually have to rise."


Q: "Where will the price of gold be in five years?"

Greenspan: "Higher."

Q: "How much?"

Greenspan: "Measurably."

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Old 10-29-2014, 03:15 PM   #2
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Well I hope someone thanked him properly.

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Old 10-30-2014, 06:41 AM   #3
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Oh wow. I figured those were old quotes from early in his tenure as fed Chair when he was notably quotable about the real value/importance of gold. Clicked the link and found out these quotes are from last Saturday. Nice find Benjamen.
Originally Posted by Alan Greenspan :
Greenspan: "The Fed's balance sheet is a pile of tinder, but it hasn't been lit . . . inflation will eventually have to rise."
Sounds like a nutjob chickenlittle. Math! How does it work?
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Old 10-30-2014, 07:05 AM   #4
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That chucklehead is directly contradicting himself. I guess that since he is no longer Fed Head, he doesn't have to toe the party line anymore.
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Old 11-29-2014, 05:08 PM   #5
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Lightbulb commodities guru Jim Rogers warning

Jim Rogers Correctly Predicted Gold Would Fall To $1200, And Now He Thinks It Could Go As Low As $900

Look here: http://finance.yahoo.com/news/jim-ro...104405878.html

Originally Posted by benjamen View Post:
http://www.moneynews.com/AxelMerk/Gr.../29/id/603799/

"The Gold Standard is not possible in a welfare state."

"I never said the central bank is independent!"

"The Fed's balance sheet is a pile of tinder, but it hasn't been lit . . . inflation will eventually have to rise."


Q: "Where will the price of gold be in five years?"

Greenspan: "Higher."

Q: "How much?"

Greenspan: "Measurably."

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