The other day I woke
up from a dream and in that dream was Alan Greenspan. In the dream he was NOT
a puppet of the international banking cartel that employs him to pull the
levers of the world financial system. Instead he was an international hero.
His job at the helm
of the Federal Reserve Bank of the U.S. has been described: to maintain full
employment with low inflation while maintaining the value of the currency. Since
the value of the currency has lost far in excess of 95% of its purchasing
power since the Fed was established in 1913; since the expansion of money and
credit during Greenspan’s tenure has far exceeded all prior expansion
of money and credit since the birth of the nation; and since the unemployment
rate is probably double the recently reported doctored figure of 5.1%; it
appears that Alan Greenspan isn’t very good at what he is supposed to
be doing. After viewing his performance of maniacal money expansion and total
neglect of structural imbalances creation through policy measures such as
long periods of negative real interest rates; many economic commentators have
resorted to calling him derogatory names suggesting he is economically
illiterate.
I think there is
enough evidence that this is not so. Could it be that his real function is to
set the table for the banks and brokers that own the Fed and help it to carry
out its goals? Let’s just say it’s a “conundrum”. It
seems the vast majority of the public are not even aware that the Fed is
owned by a consortium of international banks and is only an agent of the U.S.
Government, not a part of it. So it truly is a conundrum; do the Fed’s
loyalties reside with its employer; the banks; or its customer; the U.S.?
Alan Greenspan has
demonstrated his awareness and knowledge of things economic a long time ago
through his many writings. It was he that stated, regarding currencies and
their backing:
“In absence of
the gold standard, there is no way to protect savings from confiscation
through inflation. There is no safe store of value. Deficit spending is
simply a scheme for the confiscation of wealth. Gold stands in the way of
this insidious process. It stands as the protector of property rights. If one
grasps this, one has no difficulty in understanding the statists’
antagonism toward the gold standard. A free society needs the rule of
gold.”
Apparently, there
are not enough, “ones grasping this” out there which leads us to
another very important quote from one of our nation’s founding fathers
and third president, Thomas Jefferson whom clearly “did grasp
this”:
“If a nation
expects to be ignorant and free, it expects what never was and never will
be.”
It is fairly obvious
to me that Alan Greenspan is a brilliant and knowledgeable man. His actions
of encouraging never ending levels of debt accumulation led me to believe
that his actions were not in the best interests of the future of the United States. This is based on the belief that if you want to destroy any enterprise,
company, person, or country, just add debt and keep adding it until it blows
up. He has certainly promoted that and that has been in the best interests of
the banks that own the Fed, figuratively and literally. Could it be that the
man that this country depends on to time and again save the day is
sacrificing the future of the U.S. so that the banking interests can enrich
themselves?
Now back to the
dream I had. Remember I said in the dream Greenspan was a hero. He was also
the same disciple of Ayn Rand that believed in his quote above. Alan was a
really nice guy and it tore him apart to see the masses getting ripped off. He
realized the big money interests would fight with everything they had to
perpetuate their fiat money that allows them to confiscate the wealth of the
people so he came up with a plan. He would secretly work to slowly, but
totally, blow up fiat money by taking on excessive debt so the banks would be
happy, since they were making more and more money, yet everyday they inch
closer to the point of no return. Once this happens fiat money is
discredited, considered worthless and will not be returned to for a very long
time if ever. There is little alternative but to return to Greenspan’s
once beloved gold. Greenspan’s mastery of doublespeak along with his
intense knowledge of economics and money easily outfoxes the buffoons in
Congress into believing he was doing what was best for perpetuating their
beloved fiat money. In the end he shows the skeptics that would not listen to
his warnings on the necessity of a gold standard back in 1966. What a guy!
Who knows? Maybe Greenspan does have a trick or two up his sleeve for what
his final legacy will be. We are certainly hurtling at warp speed for a debt
blow up. Worldwide derivatives now total $499 trillion which means in
the last year they have expanded at ten times the GDP of the entire U.S. economy! If this does not concern you, you are either drugged, uninformed, or heavily
into gold and silver. I was so scared I have been stockpiling top shelf beer
and pizza to gain admission into the Mogambo Bunker which is only a little
over 10 miles away.
And then I woke up.
I couldn’t
help but wonder as I lay there in bed, what was that thing about the Queen of
England knighting “Sir” Alan Greenspan a few years ago? Was he
somehow working for the Queen? That made no sense at all to me. Was she
honoring him for surreptitiously destroying and bankrupting the United States to throw it back into the hands of England?
Oh well, who knows? It certainly is a “conundrum”.
BUY GOLD! PROTECT
YOURSELF! EDUCATE YOURSELF ON ECONOMIC MATTERS! Remember the words
of Thomas Jefferson and see that something is not right with what is going
on. I notice more and more people are questioning economic statistics, more
big companies are having their frauds uncovered, When enough take a good look
to see what has been happening, there will be a massive move to gold and
silver and it could build momentum quite quickly. China and India have gotten a big head start on the west, shunning the dollar and turning to gold. Don’t be left
behind.
Richard J. Greene
Managing Partner, Portfolio
Manager
Thunder Capital Management
More articles by the author can be accessed by the
"Research Articles" choice at: www.thundercapital.com
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