Another week goes by. Interest rates continue to go up dramatically. Markets are again jilted by fear of economic recession. Some paper assets are down over 80% and it still seems like we have much further to go. The dam is leaking and may be approaching a breaking point.
The Fed has controlled the money since 1971. In 1971 the US dollar was taken completely off the gold standard and became complete fiat. Alan Greenspan came to the rescue in 1987 as the 13th Fed chairperson. As everyone knows by now, we have to say chairperson, not chairman. When a female Fed chair is […]
Fed member warns about high corporate debt and possible negative shocks Trump may nominate conservative who favors gold standard to Fed Dow Jones Industrial average closes lower for the fourth week in a row
Just one week after former Federal Reserve Chair Janet Yellen warned of another 2008-style economic crisis, another former Fed Chairman issued an even more somber economic warning. Alan Greenspan, who served as Federal Reserve Chairman for near 20 years under four presidents, said investors should, run for cover amidst recent stock market volatility.
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