Thanks Travis.
That is a beautiful piece -- as gold nears $500 / Oz.
I'd love to get Greenspan alone and ply him with drink, and discuss when and how he was seduced away from his 1966 clarity.
What he said about the credit induced boom of the 20s leading to the crash and the depression is about to be repeated.
PS: Don't look at it as gold nearing $500/oz.
Gold is just gold, it hasn't changed since before the Pharoahs!
In truth, to Dollar is DOWN to $500 per oz of gold!