| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Alan Greenspan Warns: There Will Be A “Significant Market Event… Something Big Is Going To Happen” -Video
EDITOR’S NOTE: Just as with the BIS and the IMF, Alan Greenspan and certain other financial elites are well aware that a decisive crash is coming in global markets, and they are attempting to set themselves up as prognosticators of the event. These “warnings” from elites are nothing more than theatrics designed to adjust their image, presenting global bankers as “humanitarians” desperate to save humanity from itself. Not all banks, bankers, and government officials will be allowed to escape blame, of course. Some institutions will be held up as sacrificial lambs. At bottom though, the primary institutions and financiers will remain protected, and once the dust settles on the coming economic collapse, they will try to present themselves as our “saviors”, ready to rebuild civilization, but within a globalist framework…
Brandon Smith, Founder Of Alt-Market
This article was written by Mac Slavo and originally published at SHTFplan.com
With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.
But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider conversations and government machinations that have brought us to where we are today.
Greenspan recently joined veteran resource analyst Brien Lundin at the New Orleans Investment Conference to share some of his thoughts. According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.
We asked him where he thought the gold price will be in five years and he said “measurably higher.”
In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation.Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.
He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.
Watch the full interview:
If we are in fact staring a major market event in the face as Alan Greenspan proposes then wealth preservation should be a key tenet of any preparedness strategy going forward. Greenspan himself, somewhat ironically, was a gold bug and proponent of sound money prior to his appointment as the chairman of the Fed. And though he didn’t discuss it much during his tenure, he is now actively saying that we can expect to see gold markedly higher within the next five years.
His assessment is likely based on concerns over the U.S. dollar which will, as Lundin notes, more than likely suffer a currency devaluation at some point in the future.
Read more at Alt-Market.com:
Off with their heads!