Greenspan takes a U-turn on gold.

Discussion in 'General Precious Metals Discussion' started by sammysilver, Oct 2, 2014.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  2. dccpa

    dccpa Active Member

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  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    A hypocrite believes one thing, preaches a second thing, and practises a third thing.
     
  4. Agnostic

    Agnostic Active Member Silver Stacker

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    Thanks for sharing the article.

    Its very recent, 29 September.

    It seems very strange to see the former head of the Federal Reserve write things like:

    and

    and

    Greenspan is writing like a stacker!

    I dont quite understand what the political agenda is behind the article.

    Cheers,

    Agnostic
     
  5. silverbulldog

    silverbulldog New Member

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    To confuse people since generally people know anything the federal reserve chairman current or past says is bs...they want us to sell.

    I am buying and suggest if you have balls you do the same...jk

    Sub $17 means monster boxes around $10k which is good in my eyes when they sold for $20k a few years ago.
     
  6. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Not to mention this view on future Chinese growth that I (and others) have been saying for the past few years

     
  7. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Good summary on possible limits to shorter-term Chinese growth, but there seem to be some further complexities with consequences that are not yet fully understood. China has been called a laissez-faire authoritarian state, so while political and social activity may be highly constrained within strictly managed limits, there is also a highly competitive manufacturing and technology sector (outside of state-run companies) with intense entrepreneurial focus on profit and a rather lax regard for constraints imposed by intellectual property rights. Will this ensure a move to more innovation-based growth as traditional investment-based growth reaches its limits? Will it be enough to overcome the constraints of authoritarian rule? Will it lead to change in the type of government that leads China? Or will authoritarianism stifle the full potential of the Chinese nation?

    Closing paragraphs of a 2012 article that briefly covers this idea of laissez-faire authoritarianism (via the Cato Institute):

     
  8. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Yes. A lot is political entrepreneurship as well which is residing on extremely shaky financial foundations. As someone I forget said "The Chinese financial system is built on sand running through a Rube Goldberg hourglass."
     
  9. Argentum

    Argentum Well-Known Member

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  10. alor

    alor Well-Known Member Silver Stacker

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    yeah, really love the action, buy it!
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    An interesting viewpoint in Forbes:

     
  12. dccpa

    dccpa Active Member

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    With friends like Greenspan, who needs enemies? A pox on him and his gibberish.
     
  13. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    So now we have Greenspan warning that:
    And the RBA warning recently of the potential for violent disruptions and sell offs in the markets.

    What's up?
     
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    Come gather 'round people
    Wherever you roam
    And admit that the waters
    Around you have grown
    And accept it that soon
    You'll be drenched to the bone.
    If your time to you
    Is worth savin'
    Then you better start swimmin'
    Or you'll sink like a stone
    For the times they are a-changin'.

    Come writers and critics
    Who prophesize with your pen
    And keep your eyes wide
    The chance won't come again
    And don't speak too soon
    For the wheel's still in spin
    And there's no tellin' who
    That it's namin'.
    For the loser now
    Will be later to win
    For the times they are a-changin'.

    Come senators, congressmen
    Please heed the call
    Don't stand in the doorway
    Don't block up the hall
    For he that gets hurt
    Will be he who has stalled
    There's a battle outside
    And it is ragin'.
    It'll soon shake your windows
    And rattle your walls
    For the times they are a-changin'.

    From Mr Dylan
     
  16. thatguy

    thatguy Active Member

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    Fox guarding the chickens... would not trust him as far as I could throw him while he was holding all the gold Fort Knox is supposed to hold
     

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