Alan Greenspan is very bullish on the price of gold. He talked favorably about the price of gold. Yet the one thing that Greenspan still does not want to do is to accept any responsibilities. He does not want to accept the blame for all the bad things that he now thinks are coming. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
Feb 22, 2017
The Stock Market Is Going Way Down In Gold Terms
A good way to measure the stock market is in terms of gold. Let's say right now the Dow jones Industrials Average (DJIA) is worth about sixteen ounces of gold. Let's say the stock market gets cut in half, them it is worth eight ounces of gold or the stock market stays the same and gold prices double from here, it's worth eight ounces of gold too. The stock market in terms of gold is going way down! I think it's going a lot lower than eight. (SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA))
Feb 20, 2017
U.S. Economy: We Have To Allow This Economy To Restructure
We need to let interest rates go up, we need to let the chips fall where they may. If we do that now after interest ratings having been so low for so long we are going t have a financial crisis worse than 2008. But at this point we all just have to suck it up and bear it. And if that means a lot of people losing money, banks failing, and a lot of people lose their jobs, that is what is has to happen!
We have to clean the house. We have to allow this economy to restructure so that we can rebuild it the right way and not rebuild it based on government central planning but let the free markets rebuild it. This was what made America great in the first place.
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