Submitted by John Rubino via DollarCollapse.com,
When the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the greatest mysteries. This is so because he has, in effect, been three different people.
The first time we explained that one of the biggest risks facing a world in which the dollar is the reserve currency is a global USD shortage, was in mid-2009, when we wrote "How The Federal Reserve Bailed Out The World."
Authored by EconomicPrims's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
Definitely Maybe
Everyone’s got a plan for sale these days. In fact, there are so many plans out there we cannot keep up with them all. Eat celery sticks and lose weight. Think and grow rich. Stocks for the long run. Naturally, plans like these run a dime a dozen.
The Trump Presidency continues to be a boon for stock investors with Trump’s tweeting having become a kind of administrative PPT that ignites a new rally any time stocks are in danger of breaking down.
However, the reality is that Trump can only tweet the markets into rallying for so long. Trump is inheriting an eight years of the most profligate Fed monetary policy in history: a balance sheet expansion of $3.5 trillion, and seven years of ZIRP, which permitted the US to double its debt load.
By the SRSrocco Report,
The Great Precious Metals Market Disconnect that took place four years ago is now a ticking TIME BOMB. While the Fed and Central Banks have been relatively successful in propping up the broader stock, bond and real estate markets, time is not on their side. The more the highly inflated markets continue higher, the more breath-taking will be the inevitable collapse.