Greenspan's comments

[benjamen]

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."

 

[11C1P]

Well I hope someone thanked him properly.

 

[pmbug]

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.

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?

 

[ancona]

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.

 

[forex]

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."