Alan Greenspan Warns: There Will Be a ‘Significant Market Event … Something Big Is Going To Happen’

federal-reserve-quantitaive-easing-printing-moneygreenspan-cfrDie Rothschilds - Eine Familie beherrscht die Welt
Rothschild puppet Greenspan.

FYI.


Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen” (SHFTplan, Feb 22, 2015):

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.

Read moreAlan Greenspan Warns: There Will Be a ‘Significant Market Event … Something Big Is Going To Happen’

Alan Greenspan: ‘Greece Will Leave The Eurozone’ And ‘There Is No Way That I Can Conceive Of The Euro Continuing’

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Alan Greenspan: “Greece Will Leave The Eurozone” And “There Is No Way That I Can Conceive Of The Euro Continuing” (ZeroHedge, Feb 8, 2015):

Every two weeks or so on average, we ask ourselves: why do central bankers only tell the truth after they have quit their post (rhetorically, of course). The last time it was the BOE’s former head Mervyn King, who said that “more monetary stimulus will not help the world economy return to strong growth.” This took place long after the BOE, under his watch, unleashed its own QE back in the early days of the great financial crisis. Another example: back in November, the Fed’s own former head, the person who single-handedly unleashed the great moderation and led to the current terminal financial state where the global economy bounces from one bubble to another even bigger bubble or else everything implodes, Alan Greenspan said “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It.”

It was another statement by the maestro that has caught the world’s attention, this time opining on Greece, when he told BBC Radio’s the World This Weekend that “Greece will leave the Eurozone. I don’t see that it helps Greece to be in the Euro, and I certainly don’t see that it helps the rest of the Eurozone. It’s just a matter of time before everyone recognizes that parting is the best strategy.… At this stage I don’t see any people who are willing to put up the funds for Greece… All the cards are being held by the members of the Eurozone.” Naturally, this is just what anyone with a functioning frontal lobe (which immediatley excludes all tenured economists) would have said 5 years ago.

Read moreAlan Greenspan: ‘Greece Will Leave The Eurozone’ And ‘There Is No Way That I Can Conceive Of The Euro Continuing’

The Council Of Foreign Relations Apologizes For The ‘Greenspan Glitch’

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Related info:

Alan Greenspan’s Stunning Admission: ‘Gold Is Currency; No Fiat Currency, Including The Dollar, Can Match It’

Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, ‘Buy Gold’


The Council Of Foreign Relations Apologizes For The “Greenspan Glitch” (ZeroHedge, Nov 10, 2014):

Last week, we brought to the public’s attention a controversial ‘missing’ section from the official transcript of Alan Greenspan’s interview last with the Council of Foreign Relations where he dared utter his honest opinion that, Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.” Well, it turns out the reason for the practically heterical section’s omission was “a glitch in the live stream” and CFR has apologized and posted the full transcript. Interesting coincidence that this gold-loving, Bernanke-denying section was the only one to be hit by the ‘glitch’; we are confident it’s mere coincidence…

Alan Greenspan’s Stunning Admission: ‘Gold Is Currency; No Fiat Currency, Including The Dollar, Can Match It’

As I’ve said many times … Physical gold and silver is the money of the TPTB.


Greenspan’s Stunning Admission: “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It” (ZeroHedge, Nov 7, 2014):

For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why… as Gillian Tett concludes, “comments like that will be turning you into a rock star amongst the gold bug community.”

Greenspan (Uncut):

TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes… Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can macth it.

Which is missing from the official CFR transcript…

Read moreAlan Greenspan’s Stunning Admission: ‘Gold Is Currency; No Fiat Currency, Including The Dollar, Can Match It’

Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, ‘Buy Gold’

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Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, “Buy Gold” (ZeroHedge, Oct 29, 2014):

It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed’s bond-buying program fell short of its goals, and had a lot more to add.

Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.

He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.

“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”

Read moreAlan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, ‘Buy Gold’

It Begins: Council On Foreign Relations Proposes That ‘Central Banks Should Hand Consumers Cash Directly’

From the article:

“Rather than trying to spur private-sector spending through asset purchases or interest-rate changes, central banks, such as the Fed, should hand consumers cash directly…. Central banks, including the U.S. Federal Reserve, have taken aggressive action, consistently lowering interest rates such that today they hover near zero. They have also pumped trillions of dollars’ worth of new money into the financial system. Yet such policies have only fed a damaging cycle of booms and busts, warping incentives and distorting asset prices, and now economic growth is stagnating while inequality gets worse. It’s well past time, then, for U.S. policymakers — as well as their counterparts in other developed countries — to consider a version of Friedman’s helicopter drops. In the short term, such cash transfers could jump-start the economy…  The transfers wouldn’t cause damaging inflation, and few doubt that they would work. The only real question is why no government has tried them”…


It Begins: Council On Foreign Relations Proposes That “Central Banks Should Hand Consumers Cash Directly”  (ZeroHedge, Aug 26, 2014):

… A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the resulting increase in asset values would lower the cost of capital and improve the balance sheet positions of potential borrowers. A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money

Ben Bernanke, Deflation: Making Sure “It” Doesn’t Happen Here, November 21, 2002

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A year ago, when it became abundantly clear that all of the Fed’s attempts to boost the economy have failed, leading instead to a record divergence between the “1%” who were benefiting from the Fed’s aritficial inflation of financial assets, and everyone else (a topic that would become one of the most discussed issues of 2014) and with no help coming from a hopelessly broken Congress (who can forget the infamous plea by a desperate Wall Street lobby-funding recipient “Get to work Mr. Chariman”), we wrote that “Bernanke’s Helicopter Is Warming Up.”

Read moreIt Begins: Council On Foreign Relations Proposes That ‘Central Banks Should Hand Consumers Cash Directly’

The Italian Job: How Borrowing And Printing Lead To An Economic Dead End

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The Italian Job: How Borrowing And Printing Lead To An Economic Dead End (David Stockman’s Contra Corner, Aug 21, 2014):

Earlier this week Bloomberg published a devastating chart showing real hourly wage growth for the first 60 months of every cycle going back to 1949.  The 11 cycle average gain was 9% and the largest was 19% a half century back.

Fast forward to the 60 months of ZIRP and QE since the Great Recession officially ended in June 2009, however, and you get a drastically different picture: Real hourly wages have risen by just 0.5%, and in the great scheme of things that’s a rounding error.

wage growth bbg

Surely the above chart is also flat-out proof that massive money printing doesn’t work. After all, reflating wages, jobs and incomes is what the monetary politburo claims it’s all about. Indeed, the Fed has insouciantly cast a blind eye to the massive bubbles building everywhere in the financial system, and has kept money market rates relentlessly at zero for six years running on the grounds that it is not yet done “stimulating” the labor market.

So why does this abysmally failed and dangerous experiment continue unabated—as Yellen will undoubtedly confirm at Jackson Hole?  Self-evidently, it is irresistibly convenient to both Wall Street and Washington. The former gorges on a massive diet of carry trade gambling windfalls thanks to ZIRP and the Greenspan/Bernanke/Yellen “put”; and the latter gets a fiscal get-out-of-jail-free card owing to the Fed’s massive repression of interest rates. Indeed, with the public debt now topping $17.7 trillion, the implicit (and fraudulent) debt service relief from current ultra-low interest rates amounts to upwards of $500 billion per year.

Read moreThe Italian Job: How Borrowing And Printing Lead To An Economic Dead End

Could The Fed Lose Control Of The Frankenstein Economy It Has Created?

Could the Fed Lose Control of the Frankenstein Economy It Has Created? (OfTwoMinds, Jan 1, 2014):

What if there are tail risks present in the Fed’s Frankenstein Economy of the same sort that Greenspan et al. failed to identify in 2008?

A longtime correspondent emailed me last week about the apparent contradiction between a Federal Reserve that has had the power for five years to counteract any decline and my call for a market decline in 2014: why would the Fed allow a market it has pushed higher for five years to ever fall?

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It’s an excellent question, as it summarizes the key question: is there any limit on “don’t fight the Fed?” Can the Fed push assets higher essentially forever? And if so, why did it fail to do so in 2008?

Read moreCould The Fed Lose Control Of The Frankenstein Economy It Has Created?

100 Years Of Economic Turmoil: Is It Time To ‘End The Fed’?

100 years of economic turmoil: Is it time to ‘End the Fed’? (RT, Dec 23, 2013):

Since the magical moment of its inception on Dec. 23, 1913, the Federal Reserve System has been a source of controversy and even contempt for a growing number of Americans, many of whom are still feeling the sting of the latest financial crisis.

A large part of the discomfort with the Federal Reserve System can be traced back to a dusty document known as the US Constitution, a historic manuscript that predates “The Fed” by 125 years, in which it clearly states (Section 8, Article 5): “Congress shall have power to coin money, regulate the value thereof.”

Yet, despite its officious-sounding title, the Federal Reserve System is not an actual branch of the US government, nor does the US government have any control over its monetary monkeying, which involves the printing of money as well as setting interest rates.

These awesome powers were admitted by no less a respectable figure than Alan Greenspan, who served as Chairman of the Federal Reserve from 1987 to 2006.

Read more100 Years Of Economic Turmoil: Is It Time To ‘End The Fed’?