Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard

For all we know Brexit was staged to be a scapegoat for the collapse; know for sure that in coming weeks there is going to be dazzling and eye-blinding displays of shuffling to find-the-pea-under-the-cup by the money magickians; the people will be ready; in peace

sentinelblog

Source: Zero Hedge

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen.

“This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say.”

Strangely enough, he was not refering to the British exodus but to America’s own economic troubles.

Today, Greenspan was on Bloomberg Surveillance where in an extensive, 30 minutes interview he was urged to give his take on the British referendum outcome. According to Greenspan, David Cameron miscalculated and made a…

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