What Greenspan didn't know and when he didn't know it
Submitted by rescueus on Sat, 09/15/2007 - 12:11.
Suggested Video:Money Banking and the Federal Reserve
Ron Paul's confrontations with Alan Greenspan are well documented.
This week, Greenspan was interviewed for an upcoming 60 minutes program. For those of us who have followed the Maestro versus the Doctor, it is rather amusing to hear the Maestro, speaking about the current credit crisis, say "I didn't get it until very late". This from the man who after dropping interest rates to rock bottom levels, encouraged Adjustable Rate Mortgages and suggested that lenders become "more creative". Now with higher rates, resetting ARM's, collapsing mortgage companies and a steadily depreciating dollar, he says "I didn't get it."
The Financial Sense guys discuss the Greenspan comments, the next inflation cycle and then talk with Jim Sinclair about the credit crisis, the economy and gold.
Some recent charts...
Dollar down
Gold Up
