Greenspan, Who Knew So Much More Than

History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.

In General, Corruption Tends To Exist Whenever Governments Have Favors To Extend, Or Something To Sell.

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.

I Don't Think It's Possible For The Fed To End Its Easy-money Policies In A Trouble-free Manner. Recent Episodes In Which Fed Officials Hinted At A Shift Toward Higher Interest Rates Have Unleashed Significant Volatility In Markets, So There Is No Reason To Suspect That The Actual Process Of Boosting Rates Would Be Any Different. I Think That Real Pressure Is Going To Occur Not By The Initiation By The Federal Reserve, But By The Markets Themselves.

The True Measure Of A Career Is To Be Able To Be Content, Even Proud, That You Succeeded Through Your Own Endeavors Without Leaving A Trail Of Casualties In Your Wake.