Finansiella Insikter

Först var det Robert Zoellick som uttalande sig om att guld bör användas som ‘referenspunkt’ i det kommande monetära systemet och sedan var det Thomas Hoenig som uttalande sig om att en guldstandard är ett ‘respektabelt monetärt system’.

Nu har ingen mindre än Alan Greenspan uttalat sig positivt om en guldstandard. Greenspan hade följande att säga i en intervju med Fox Business (se hela klippet nedan):

We have at this particular stage a fiat money which is essentially money printed by a government and it’s usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity… There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard.

I vår artikel ‘Greenspan om guld‘ kan ni läsa om den intressanta historien om Greenspans ‘förhållande till guld’. Han visste mycket väl vad guld representerade, men valde givetvis att istället ‘sälja sin själ’ och motarbeta det i rollen som ordförande för Federal Reserve.

Nu passar det dock att säga sanningen. Ni kommer att få se mer av denna typen av ‘bekännelser’ framöver som kommer att verifiera mycket av det som vi talar om i ‘Den kommande Finansiella Tsunamin‘.

Här är en kommentar från Mike Krieger:

Stunner: Gold Standard Fully Supported By… Alan Greenspan!?

You read that right. After such establishment “luminaries” as World Bank president Robert Zoellick, Warren Buffett’s father Howard, Jim Grant, and, most recently, Kansas Fed president Thomas Hoenig, all voiced their support for a return to a gold standard, the most recent addition to the motley group of contrite voodoo shamans is none othe than the man who is singlehandedly responsible for America’s addiction to cheap toxic credit, who spawned such destroyers of the middle class as the current Chaircreature, and who currently is the chief advisor in John Paulson’s crusade to gobble up every ounce of deliverable physical in the world: former Fed Chairman – Alan Greenspan!

In an interview with Fox Business, the man who refuses to go away into that good night: “We have at this particular stage a fiat money which is essentially money printed by a government and it’s usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity… There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard.”

And a further stunner: Greenspan himself wonders if we really need a central bank. Now our only question: why couldn’t the maestro speak as clearly and coherently during his tenure which resulted in our current near-terminal financial state. And as a reminder, courtesy of Dylan Grice, if and when we do get a return to a gold standard there would be a need to reindex the monetary base to a real time equivalent price of gold, putting the price of the precious metal at about $6,300: “The US owns nearly 263m troy ounces of gold (the world’s biggest holder) while the Fed’s monetary base is $1.7 trillion. So the price of gold at which the US dollars would be fully gold-backed is currently around $6,300.” And here you have people worried about day trading volatility…

Related posts:

1. Thomas Hoenig: En guldstandard är ett legitimt monetärt system
2. NYT krönika: “En guldstandard är vad världen behöver just nu”
3. Då väntar vi bara på att ‘experterna’ skall tala om en bubbla i guld
4. Jeremy Grantham: Fed har manipulerat marknaden de senaste 20 åren
5. Guld passerar 1400 dollar samtidigt som Världsbanken öppnar dörren för guldstandard