Wow, sometimes these guys actually get something right. The gold standard would be so good for a stable strong dollar.
“According to Greenspan, David Cameron miscalculated and made a “terrible mistake” in holding a referendum. That decision led to a “terrible outcome in all respects,”
Translations, those rubes in the streets need us to tell them what is right. BTW, what is this guys background beyond being a second rate jazz musician.
Mind you, I'd based the US dollar on the following metals: gold, silver, platinum, palladium, copper and nickel, the metals used either as precious metal reference standards or used in the manufacture of coins.
Wonder how much gold we could have mined already if the unconstitutional executive departments didn’t forbid it via their unconstitutional laws-by-fiat.
Well, we could move to a money based on a basket of basic commodities, including Au, but stepping well beyond that.
Can anyone answer this question. If the economy takes the big one and we fall into an instant depression and banks close, what happens to mortgages? If banks are closed how does one do business such as paying bills owed?
Can anyone answer this question. If the economy takes the big one and we fall into an instant depression and banks close, what happens to mortgages? If banks are closed how does one do business such as paying bills owed?
If Greenspan thinks Brexit is terrible then his outlook on the US economy is really great news.
BUY BUY BUY!
Didn’t Greenspan dismiss this approach for most of his life/career?
(I’ll go read the article now)
It’s so easy:
1. Use U.S. Notes to pay the Fed the entire national debt. You can do it in one hour by a stroke of the president’s pen. (Google Kennedy and his executive order to do just that.) They are legal currency, un-backed, but issued by the treasury, and therefore no interest need be paid on it. Now sit back and watch the private bankers who are called the Federal Reserve have to figure out what to do with all that money without crashing its value - popcorn and soda time.
2. Abolish the Federal Reserve - neither federal nor a reserve. Use said US notes as one form of legal currency.
3. The other form of legal currency will be gold and silver backed, with full convert ability at anytime at current market conversion rates. Of the two currencies, which do you think the people will prefer? The gold backed, which sticks it to the Fed - they printed green worthless money, they get back red worthless money - beat them at their own game.
Another Elitist Jackass who is to blame for so many of our current problems. Greenspan helped usher in the easy credit and false growth we have had for the last years. Also it was his idea to bail out the Long Term Capital hedge fund back in the late 1990’s.
No Alan go crawl back under your rock with your wife, Andrea Mitchell, and stay there.
But speaking of crises, Greenspan warned that fundamentally it is not so much an issue of immigration, or even economics, but unsustainable welfare spending, or as Greenspan puts it, “entitlements.”
...
I wonder how long Greenspan would last in one of Europe’s Muslim no-go zones?
Wait! Wasn’t this clown Chairman of the Fed for a hundred years? WTF was he doing?
IMO, everything is manipulated. The Globalists can pull the plug and take it down anytime they please.
They are really ticked at us Plebs now. Can you just hear them at their Global meetings?
“How dare those Brits vote Leave! We’ll show them!”
The crisis felt by Greenspan is that Trump will let the dollar devalue rather than continue to let China and others take all our jobs away.
BANKERS HATE THAT! It means the $Trillions in Debt they have laid on the American people would get paid back with cheaper dollars.
Trump’s tax plan will also ignite small business—FUNDED by EQUITY, NOT DEBT.
Again, less money for the money lenders. Less power.