In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated: Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, […]
Stocks and Precious Metals Charts – Don’t Lie To Yourself…
‘All China’s assets in the U.S. might be annulled‘, Warns Former BoE Gov, Urging Countries to Diversify…
“Of course the US would not want to renege on its debts, but if some awful conflagration occurred, then all China’s assets in the US might be annulled”…