Greenspan has destroyed more wealth than Hitler did in WW2. $4 Trillion or more. He probably won't be happy until his monetary policy starts a war and someone like Saddam Hussein starts killing real people over the OIL glut, which OPEC feels is unfair when our currency (Mere paper US Dollars) are jacked up in price due to Fed Rate Hikes previously, and their currency, THEIR OIL is being forced down in price because of the economy downdraft lowering demand, lower than the production cuts that they can not afford, can not enforce, and which will fail. I see OIL going to $25 or lower. Will they be happy? Greenspan better cut rates or we will lose more than our friends in Japan, we will lose Europe, and we will lose the SAUDI ARABIANS AND MEXICO ON OPEC. Then there will be hell to pay, and they will all let loose the dogs of war.....they always do.
I am,
Truly your$,
-Cyrstal Ball |
