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Alan Greenspan

The final countdown

Governments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and economic progress has been effectively suspended ever since. The consequences of this refusal to accept reality are at a minimum to make this adjustment unnecessarily drawn out and ...

2013-FEB-17 · Alasdair Macleod

The real cost of not owning gold

Bloomberg recently published an illustrative slideshow titled “The Real Cost of Owning Gold”. As usual when dealing with precious metals, in an attitude that is widespread among the mainstream financial press, the tone is dismissive, disdainful and almost mocking of those that advocate ownership of hard assets – and ...

2012-JUN-06 · Félix Moreno de la Cova

QE to infinity and beyond

At JSMineset.com, one commentator offers a pithy summary of this week’s long-term refinancing operation (LTRO) measures from the European Central Bank: “Today the ECB provided a nearly half trillion euro loan to European banks.More than 500 European banks took this 3 year loan at 1% interest.The ECB plans to do another 3 year ...

2011-DEC-23 · The GoldMoney News Desk

 

Printing money: where's that free lunch?

On August 7, 2011, former Federal Reserve Chairman Alan Greenspan told the truth – but only partly. When asked whether US Treasuries, in light of their downgrade, were still safe to invest in, the Chairman responded: “Very much so. This is not an issue of credit rating; the United States can pay any debt it has because we (the ...

2011-AUG-11 · Gabriel M. Mueller


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