2007-10-19

The Dollar Crisis Will Soon Trigger a Global Investment Crisis(2)

Years before he would spend more than two decades as the Chairman of the Federal Reserve,

Alan Greenspan stated, “This is the shabby secret of the welfare statists' tirades against gold.

Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.

It stands as a protector of property rights.

If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”

At least Greenspan told us the Fed Reserve's plan before they executed it and

explained why they would manufacture a bear market in gold for 21 years.


By J.S Kim

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