Greenspan tells Gulf states to drop dollar???
Submitted by mdonato on Tue, 02/26/2008 - 12:02
"Greenspan says inflation rates in Gulf states will fall if they drop their US dollar pegs."
This story from Al Jazeera is eye opening. It's hard to believe the ex chairman of the Fed is saying "Our dollar is not worth anything so you guys really shouldn't deal in it anymore." If only we could stop using the dollar, or more precisely the Federal Reserve system which is causing its collapse.
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Greenspan is a Judas
The Judas has always been on the side of the Zionist Neocons, as are all those that back the FED and Central Banking System. They have Schemed and Planned for a very long time. We all know the Agenda is nothing more than total control through Chaos. When everyone's attention is diverted with war, they steal the Economy and so. the NWO.
I think I finally figured out the plan.
Run the dollar into the ground so that the American people will fall in line behind the Amero.
I wanted to ask everyone if they are minting these??
I saw someone selling them on ebay last night coupled in the auction was a Liberty Dollar...are these already minted? The person said they were a "first generation might Amero"?? what gives?
www.urbannaturals.net
Absolutley
Been rather obvious in the last year and the folk on TV saying uh wot union....crazy conspiracy theory...pay no heed....are really starting to look pretty stupid.
Thats what I think
also. It is obvious that this is intentional now.
forced by the bourse?
OK, second verse:
Hegemoney's a funny word
One that no one had ever heard
Until to late to change the fate
Of tanking currency!
In case you missed the first verse:
A bourse is a bourse of course, of course
And no one can talk of a bourse, of course
That is of course, because the bourse
Could break the US hege.
Yeah. Everybody sing now.
Truth exists, and it deserves to be cherished.
I have been waiting
for the second verse for a long time...thanks
incredible
I agree I wouldn't want to hang with the dollar if I were them, but I can't believe Greenspan said so. Maybe he's getting senile and is just blurting out his opinions.
Greenspan used to be for the gold standard...
if I remember correctly. Here's an interesting snippet from an rountdtable with Warren Buffet recently.
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Emory:
Mr. Buffett, do you believe that the Federal Reserve is fostering moral hazard thereby leading to the misallocation of capital and subsequent asset bubbles? If so, what are the long term risks?
Buffett:
There is always some introduction of moral hazard when government decides to act in favor of the common good versus letting someone fail. There was moral hazard with the bailout of LTCM and there is some aspect of that with the current situation. But it’s hard to measure because the consequences are 15-20 years out. During the 1987 market crash, Greenspan was new to the job and unsure of what would happen. The specialist system got hit, most of them operated on very little capital and were broke. The Fed provided them with more capital. Will that change future behavior? Maybe, but at the time it was the right call. It’s also resulted in the “Too Big to Fail” doctrine. The big banks, Freddie Mac, and Fannie Mae figured the US Government wouldn’t allow them to fail and the managements of those companies knew that. I would be disinclined to second guess the Fed, they have more information and are trying to do what’s right.
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When you subsidise something you get more of it. When the Fed bails out bad behavior it encourages more of it.
He Would Know...
After all, Greenspan is primarily responsible. He ran the presses overtime during those last years of his tenure (it costs EXACTLY the same to print a $100 bill as a $1 bill). Of course an unnecessary three TRILLION dollar war executed by idiots doesn't help.