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SW Ontario | Thanks John. What I gleaned from that is that the man with perhaps the most inside knowledge into the inner workings of the fed is saying that the outcome of this massive money printing experiment is not going to be pretty when it unwinds. Some of us know this already but when the man in charge of the fed for almost 20 years makes these statements it should be front page news! Obviously not the narrative that the main stream media wants.
I don't dismiss these statements simply because this man is now regarded as an incompetent fool. He simply did what he needed to do to keep bad things from happening on his watch. I think he's probably very smart and now realizes that the money printing currently happening throughout the world is simply an extension of the low interest rate policies that he started.
Edited by Bert 10/29/2014 23:31
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You will not believe the things Greenspan said
