As pointed out by Mish, once in a while Alan Greenspan cuts the BS and says something that makes sense:
“The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system.”
and
“Gold, unlike all other commodities, is a currency. And the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
This guy knew very well the mess he was creating back then. Anyway, that's also why I wouldn't mind finding a job outside the eurozone. Getting paid in something else than Euro sounds really good to me at this time.
(can't read who to credit for this cartoon)
No comments:
Post a Comment