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Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard
Zerohedge ^ | 06/27/2016 | Tyler Durden

Posted on 06/27/2016 1:50:10 PM PDT by Rusty0604

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To: Rusty0604

The price of gold goes up and down every day. It has been moving up lately.

http://www.monex.com/prods/gold_krug_chart.html


61 posted on 06/27/2016 3:57:22 PM PDT by mountainlion (Live well for those that did not make it back.)
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To: Jim 0216

You do realize that most of the elites, not to mention our enemies, like China, are sitting on a boatload of gold.

The rest of us are going to be at the bottom of the barrel.

And just exactly, how much gold IS in Fort Knox?

Anybody do a survey lately? Did they drill down into it to make sure it was solid? No zinc core?


62 posted on 06/27/2016 3:58:07 PM PDT by AFreeBird (BEST. ELECTION. EVER!)
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To: Rusty0604
Greenspan effectively says that hyperinflation is coming

Yup, we all know it's coming and it's going to be real rough going. Everyone thinks property is expensive now, it's gonna be more so soon. Then there will be a push for minimum wages to be $100 per hour or more, ad infinitum. Better stock up on whisky and other goods to trade, before hyperinflation takes off.

63 posted on 06/27/2016 3:59:04 PM PDT by roadcat
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To: editor-surveyor

Sounds like that’s by design.


64 posted on 06/27/2016 4:00:14 PM PDT by Olog-hai
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To: majormaturity
Use U.S. Notes to pay the Fed the entire national debt.

The Fed doesn't hold the entire national debt.

They are legal currency, un-backed, but issued by the treasury, and therefore no interest need be paid on it.

The $20 FRN in my hand has interest to be paid on it? Who owes me? How much?

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

The Fed is part of the government.

Abolish the Federal Reserve - neither federal nor a reserve

Only if you ignore $4.2 trillion in bond holdings.

The other form of legal currency will be gold and silver backed, with full convert ability at anytime at current market conversion rates.

At current rates? Not at fixed rates?

65 posted on 06/27/2016 4:13:25 PM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Rusty0604

I wonder how much of the money invested in Hillary is going to sink in value?


66 posted on 06/27/2016 4:26:46 PM PDT by Beowulf9
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Comment #67 Removed by Moderator

To: vsEPAwarrior

We had two ford escapes from 2001 and 2006 the last 10 years. Great trucks.


68 posted on 06/27/2016 4:49:08 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: vsEPAwarrior

Mazda makes some pretty sweet vehicles.
I sat in a brand new Miata the other day, sooo nice.
I own a Mazda 6, great car.

The car mags also love Mazda’s...


69 posted on 06/27/2016 4:52:43 PM PDT by mowowie (Press 2 for Deportation)
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To: old-ager

I’ve got auto fill in, but most of the time it’s better than my spelling.


70 posted on 06/27/2016 5:16:55 PM PDT by Rusty0604
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To: Ted Grant

He always believed in gold, but didn’t always act that way. He has nothing to lose now by going back to his principles.


71 posted on 06/27/2016 5:20:10 PM PDT by Rusty0604
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To: Disestablishmentarian

We have been trying to devalue the dollar but other countries are in worse shape so their currency has devalued more.


72 posted on 06/27/2016 5:22:36 PM PDT by Rusty0604
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To: AFreeBird

Yes, China has been buying and hoarding gold. We had the advantage because oil had to be bought in dollars. Russia, China, Iran, and other countries have been making deals to use other currencies.


73 posted on 06/27/2016 5:26:14 PM PDT by Rusty0604
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To: faithhopecharity

It cost more to eat but iPhone and flat screen tv is cheaper so the globalist figure we’re happy.


74 posted on 06/27/2016 5:28:56 PM PDT by Rusty0604
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To: roadcat

Whisky to trade, and a little to drink.


75 posted on 06/27/2016 5:30:08 PM PDT by Rusty0604
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To: Rusty0604

“We are running out of people. In other words, everyone is very pleased at the fact that the employment rate is rising.”

He repeats the propaganda. The employment numbers are as fake and rigged as a 3 dollar bill.


76 posted on 06/27/2016 5:50:08 PM PDT by Revel
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To: Rusty0604

Greenspan.


77 posted on 06/27/2016 5:50:38 PM PDT by Mouton (The insurrection laws maintain the status quo now.)
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Comment #78 Removed by Moderator

To: Revel

They calculated so much population growth to pay off the debts of the government.that is why Merkel says they need immigrants. Haven’t had anyone explain to me how illiterate,low skilled people that cost more in social benefits accomplishes that.


79 posted on 06/27/2016 5:58:12 PM PDT by Rusty0604
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To: vsEPAwarrior

I meant suv. And i also meant before the current version, the 2001-2010 escapes were more of a truck body suv. The new ones turned us off, they are now buil on the focus car platform.


80 posted on 06/27/2016 6:21:41 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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