Alan Greenspan Archive

  • When debtors are not to be trusted, there is a big difference between holding an IOU and cash in hand. That is the value of owning gold. When even “cash” is debt, holding a real asset is immensely superior as a means of protecting your wealth. It is just plain common sense. That this particular asset was officially money a few decades ago is just icing on the cake.

    The Real Cost of Not owning Gold

    Posted on June 15, 2012 | No Comments
    When debtors are not to be trusted, there is a big difference between holding an IOU and cash in hand. That is the value of owning gold. When even “cash” is debt, holding a real asset is immensely superior as a means of protecting your wealth. It is just plain common sense. That this particular asset was officially money a few decades ago is just icing on the cake.

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  • The phrase “Black Swan” is really making the rounds these last few months. Uttering the term a year ago would have earned you a collection of confused looks and a general attitude of disinterest. Now, people behave as if they had learned about economic shockwave events and the global domino effect when they were in kindergarten. The problem is that when this kind of terminology hits the mainstream, in most cases it comes prepackaged with dumbed down and diluted definitions which promote an inadequate, cartoonish understanding of the circumstances.

    Migration Of The Black Swans

    Posted on April 14, 2011 | No Comments
    The phrase “Black Swan” is really making the rounds these last few months. Uttering the term a year ago would have earned you a collection of confused looks and a general attitude of disinterest. Now, people behave as if they had learned about economic shockwave events and the global domino effect when they were in kindergarten. The problem is that when this kind of terminology hits the mainstream, in most cases it comes prepackaged with dumbed down and diluted definitions which promote an inadequate, cartoonish understanding of the circumstances.

    Continue Reading...

  • Things are getting real ugly out there. The tension in the air is dense and sweaty. Everyone feels it, but not enough people proactively discuss it. The economy has already imploded, and is now reinflated with volatile hydrogen like fiat, just waiting for the right spark to bring the whole zeppelin crashing down in flames. Japan’s situation is a prime example of the incredible sensitivity now present in the so called global economy.

    The Return Of Precious Metals And Sound Money

    Posted on March 25, 2011 | 2 Comments
    Things are getting real ugly out there. The tension in the air is dense and sweaty. Everyone feels it, but not enough people proactively discuss it. The economy has already imploded, and is now reinflated with volatile hydrogen like fiat, just waiting for the right spark to bring the whole zeppelin crashing down in flames. Japan’s situation is a prime example of the incredible sensitivity now present in the so called global economy.

    Continue Reading...

  • This is why the actions of big banks and the decisions of our mostly corporate establishment run government seem so insane in the face of common sense. We try to rationalize their behavior as “idiocy”, but the reality is that their goals are highly deliberate and so far outside what we have been taught to expect that some of us lack a point of reference. If you cannot see the endgame, you will not understand the steps taken to reach it until it is too late.

    The Purpose Behind Engineered Economic Collapse

    Posted on November 12, 2010 | 1 Comment
    This is why the actions of big banks and the decisions of our mostly corporate establishment run government seem so insane in the face of common sense. We try to rationalize their behavior as “idiocy”, but the reality is that their goals are highly deliberate and so far outside what we have been taught to expect that some of us lack a point of reference. If you cannot see the endgame, you will not understand the steps taken to reach it until it is too late.

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  • On paper today the entire U.S. banking industry is insolvent. Trillions of dollars of their assets are considered to be worthless mortgages. They really are not worthless, but the true value is unknown. In the banking business “unknown” is zero.

    Who Caused This Mess?

    Posted on October 11, 2010 | 1 Comment
    On paper today the entire U.S. banking industry is insolvent. Trillions of dollars of their assets are considered to be worthless mortgages. They really are not worthless, but the true value is unknown. In the banking business “unknown” is zero.

    Continue Reading...