This reply from “Retired” was posted on American Thinker in response to an article similar to Mr. Greenspan: Please Go Away. The points are appropriate.
Monty,we are all in for a wild hairraising ride in the next 5-10 years.
Many People may salivate at the idea of $6,300.00 gold but what they may not realize is that Gold did not take off for the stars. Instead the fiat paper, funny money, currency issued by the Fed., which gold is opposed to,has gone off of a cliff & into the pit below. Gold did not go up, Federal Reserve bills went down. What Greenspan say’s at this point means nothing one way or another! Many commenters speak of this regulation or that regulation as though regulation was the answer to the problem. The problem is that the fractional reserve system run by the central bankers is basically fraud & embezzlement. Attempting to regulate the Fed. is akin to regulating the Gambino Mafia crime family;how do you clean up a system that was set up at it’s very inception to be a criminal enterprise? Today we are seeing the return of Irving Fisher & his Reflation Theories, which if carried out, will pauperize mid-America for the benefit of the elite establishment. This is what the Fed. is doing right now with this program of endless monetization ( Quantatative Easing), all of this new money creation will help allow the financial establishment to pay it’s heavily leveraged debts with cheap money. Cheap money which will destroy the equity & savings of working America. Greenspan did not cause the decline that we are seeing today, it’s baked into the system, what he probably did do was to speed up the process.
