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Greenspan’s Warning About Gold Echoes After Fed Speaks

Submitted by Osamas Pajamas, Sep 22, 2010 15:55

I attended some Greenspan lectures many years ago, entitled "The Economics of The Free Society," as I recall, wherein Greenspan [re]stated the case for gold as the only correct basis for paper money. As well, Murray Rothbard advocated the same, with silver as the subsidiary coinage for smaller denominations of value. The is "real" money as opposed to the lies-printed-on-paper called "legal tender." For an entertaining and enlightening view of the current state of affairs, see Rothbard at -----http://mises.org/books/whathasgovernmentdone.pdf and http://mises.org/rothbard/agd.pdf

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Other reader comments on this article

Comment	By	Date
The real rise in gold is because of the threat by Bernanke to enter the Fed into unusual territory. [MORE]	victor lunas	Sep 23, 2010 09:55
The "bubble" is about to bust. [MORE]	Johann	Sep 22, 2010 20:30
That sees the seriousness of this problem. I see this posted on the top headlines at www.jabronitools.com as well. [MORE]	jabronimaster	Sep 22, 2010 17:02
Were Doom, The collapse process in coming. So prepare yourselves. [MORE]	Roger Gonzalez	Sep 22, 2010 16:31
Fiat money. The Chinese originated it. When there is a belief that it is worth something an economy can trade... [MORE]	David	Sep 22, 2010 16:06
This is sad and as we see America fall apart because of greedy politicians and a gulible public those in... [MORE]	DKK	Sep 22, 2010 16:04
I attended some Greenspan lectures many years ago, entitled "The Economics of The Free Society," as I recall, wherein Greenspan...	Osamas Pajamas	Sep 22, 2010 15:55
part of the slow insidious destruction of the middle class, near zero interest on savings, risky and mostly negative equity... [MORE]	leggup	Sep 22, 2010 15:19
Congress no longer controls the currency. The Federal Reserve controls the currency. The House of Respresentatives has abrogated its Constitutional... [MORE]	Steve	Sep 22, 2010 15:08
The level of water in the fourth compartment on the Titanic(america) is rising. GOD makes nations and HE puts nations... [MORE]	Steve	Sep 24, 2010 15:32
like stocks and real estate before it-- gold is a bubble-- luring people in until POP-- who's gonna be left... [MORE]	brownstain	Sep 22, 2010 14:36
look out below [MORE]	ron	Sep 22, 2010 14:13
That everything is going to be fine, because my politicians tell me so. Afterall, everyone knows that Corporate greed is... [MORE]	Eric Smith	Sep 22, 2010 14:00
Gold dealers sound like real estate brokers 4 years ago. [MORE]	Mark Breza	Sep 22, 2010 13:42
We should have never gotten away from the gold standard. . . [MORE]	Pete	Sep 22, 2010 13:41
To some extent gold should no longer be viewed as an investment. It should instead be viewed as potentially a... [MORE]	UncleSam101	Sep 22, 2010 13:36
"It’s amazing to us that this doesn’t seem to be raising an alarm in either the halls of Congress, the... [MORE]	IHiJUmp	Sep 22, 2010 12:19
No state shall make anything legal tender in the payment of a debt other than gold or silver coin.. Article... [MORE]	H. Newt Maxwell	Sep 22, 2010 12:14
Thank you for the above article which clearly explains my, and I hope other citizens, concerns for the dollar vs... [MORE]	Mustang from Texas	Sep 22, 2010 11:48
Most of the people supporting these ridiculous political experiments regarding fiscal policy have no idea how the financial system works,... [MORE]	John B. Wells	Sep 22, 2010 11:36
Gold possesses an almost ideal rate of "inflation" compared to any other commodity or fiat currency. The problem, however, lies... [MORE]	Joe	Sep 22, 2010 11:29
Not a bad article. Just want to know who wrote this. [MORE]	Mat	Sep 22, 2010 11:07
The Senate pretty much simply rubber-stamped all the executive's nominees without doing their due diligence and while totally ignoring their... [MORE]	Gill O'Teen	Sep 22, 2010 10:47
Gold's dollar price reflects the hollowed out confidence of the world in our fiat monetary system. Enough knowledgeable people are... [MORE]	D.M. Dillon	Sep 22, 2010 10:15
Ron Paul has been saying this for YEARS! Hello? [MORE]	whisker niblets	Sep 22, 2010 09:37
The crazy guy Glen Beck has been screeming this for a few years now. It's not really news if you... [MORE]	Sandy Aubertine	Sep 22, 2010 09:32
Too bad old Alan and his cohorts in crime waited until he is up in his waning eighties and after... [MORE]	Chris	Sep 22, 2010 09:15
Finally someone in addition to Matt Drudge that is willing to expound upon the peril this country faces and attempt... [MORE]	Charles Rice	Sep 22, 2010 08:56
Bravo to you for pointing out the Mr. Bernanke has no business being our Federal Reserve Chairman. Mr. Greenspan is... [MORE]	TNB	Sep 22, 2010 08:52
Not sure the dollar hit a new low, maybe a recent trading low, but as the dollar goes down gold... [MORE]	Chris	Sep 22, 2010 08:38
I'm a Middle Class American....for now.....and I can see the danger out there. Are all the politicians operating on another... [MORE]	Chad	Sep 22, 2010 08:37

Comment on Greenspan’s Warning About Gold Echoes After Fed Speaks

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