Greenspan's comments

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benjamen

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http://www.moneynews.com/AxelMerk/Greenspan-gold-Fed-Faber/2014/10/29/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."
:judge:

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

Greenspan: "Higher."

Q: "How much?"

Greenspan: "Measurably."

:popcorn:
 
Well I hope someone thanked him properly.

images
 
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.
Alan Greenspan said:
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?
 
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.
 
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-rogers-gold-bottom-mystics-104405878.html

http://www.moneynews.com/AxelMerk/Greenspan-gold-Fed-Faber/2014/10/29/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."
:judge:

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

Greenspan: "Higher."

Q: "How much?"

Greenspan: "Measurably."

:popcorn:
 
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