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Alan Greenspan "Central banks stand ready to lease gold in increasing quantities should the price rise"

Federal Reserve Chairman Alan Greenspan Testimony to Congress:

"Central banks stand ready to lease gold in increasing quantities should the price rise"

Admission of central bank manipulation of the gold price?


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It's called the London Gold Fix

They call it that. That's its name.


Do we really need more proof at this point?

Unless that Crafty Old Coot

Is really the brains behind bringing this house of cards down.

Now that would be the crowning achievement, and appropriate homage to his apparent former mentor.

Could he be the real life Midas Mulligan of today's world? A Francisco D'Anconia? Dare I say it....a John Galt?


Kind of like selling and 'storing' silver that doesn't even exist. What a racket!

Maybe so, but they can only get away with that for so long.

...Because the laws of economics will dictate otherwise.

And furthermore, Greenspan was one of the worst ever because, being an early advocate of Ayn Rand, he knew damned well better than to become the head of one of the most anti-liberty organizations this world has ever known.

Rand would have disavowed herself of anything to do with Greenspan if she had known that.

The head of the FED has more power than the president because as Dr. Paul said; "he is the chief counterfieiter of the world."

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Another Greenspan quote on gold

Alan Greenspan was a former banker and Ayn Rand acolyte gold bug before becoming Chairman of the Federal Reserve. “Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.” Greenspan wrote in “Gold and Economic Freedom” and published in Ayn Rand’s “Objectivist” newsletter in 1966.

Fast forward to 1998 when he is Chairman of the Fed advocating an insidious confiscation

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That Greenspan quote is from 1998!

Which means that "leasing" gold by central banks to supress the gold price has probably been going on for a long time

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