Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
BREXIT, Italy’s Deficit, The EU Summit And Fomcs Minutes In Focus - 16th Oct 18
Is this the Start of a Bear Market for Stocks? - 16th Oct 18
Chinese Economic Prospects Amid US Trade Wars - 16th Oct 18
2019’s Hottest Commodity Is About To Explode - 15th Oct 18
Keep A Proper Perspective About Stock Market Recent Move - 15th Oct 18
Is the Stocks Bull Dead? - 15th Oct 18
Stock Market Bottoms are a Process - 15th Oct 18
Fed is Doing More Than Just Raising Rates - 14th Oct 18
Stock Markets Last Cheap Sector - Gold - 14th Oct 18
Next Points for Crude Oil Bears - 13th Oct 18
Stock Market Crash: Time to Buy Stocks? - 12th Oct 18
Sheffield Best Secondary School Clusters for 2018-19 Place Applications - 12th Oct 18
Trump’s Tariffs Echo US Trade Policy That Led to the Great Depression - 12th Oct 18
US Dollar Engulfing Bearish Pattern Warns Of Dollar Weakness - 12th Oct 18
Stock Market Storm Crash, Dow Plunges to Trend Forecast! - 12th Oct 18
SP500 Stock Market Sell Off Well Forecast by President Trump - 11th Oct 18
USD and US Tr. Yields Retreat, GBP Gains on Brexit-deal Report - 11th Oct 18
Loss Of Yield Curve "Shock Absorber" Could Mean A Rough Ride Ahead For Markets & Housing - 11th Oct 18
Just How Bearish is the Stock Market’s Breadth? - 11th Oct 18
Here’s Why Gold Stocks, Gold, and Silver Are Great Buys Now - 10th Oct 18
Russian Ruble Technical Chart Analysis and Forecast - 10th Oct 18
Society Trends To Keep in Mind in the USA - 10th Oct 18
[eBook] How to Identify Turning Points in the Market - 10th Oct 18
Euro Vulnerable as Slowing Growth Reveals Underlying Issues - 9th Oct 18
Construction Companies to Watch For in 2019 - 9th Oct 18
ECB Meeting Minutes and US Inflation Data in Focus - 9th Oct 18
Interest Rate Shock-Time to Find Out Who has been Swimming Naked - 9th Oct 18
Unintended Consequences of Expanding Sheffield's Best Ranking State Secondary Schools - 9th Oct 18
Crude Oil Price Trend Forecast 2018 Update - 9th Oct 18
Inflation Is Starting To Heat Up - 8th Oct 18
Stock Market Seasonal Influence at Work - 8th Oct 18
Barrick Randgold Deal Breathes New Life into Gold - 8th Oct 18
Stock Market Sell Off, Dollar Rally Expected, Now What? - 8th Oct 18
The Chartology of Gold and Silver - 8th Oct 18
The Income for Life Playbook - 8th Oct 18

Market Oracle FREE Newsletter

Trading Any Market

Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US

Politics / US Politics May 31, 2016 - 06:17 AM GMT

By: Jeff_Berwick

Politics

It seems barely a day passes now without some big name person warning of imminent collapse.  The latest is Alan Greenspan.

In an interview on Thursday he told Fox News that Venezuela is now under martial law and that “America is next.” He said that what was happening in Venezuela was inevitably going to take place in the US.


I agree with this.  In fact, we said this exact thing just last week with our article, “Venezuela Descends Into Chaos… Europe and US Next.” Funny enough, a few brainwashed sheeple said we were crazy for saying it.  Now Greenspan has said the same thing… is he crazy?  Actually, don’t answer that.

But while we agree with Greenspan that crisis is coming to the US, that’s where our agreement ends.  We say it is coming to the US because the conditions in the US are not that much different than Venezuela – and the globalist plan is to turn the entire world into Venezuela.

Greenspan, on the other hand, is already trying to divert attention from the real cause of Venezuela’s problems: the government and central banking.

Instead, he explained that the reason the US would end up like Venezuela involved a “global problem of a shortage of productivity growth.” It is this lack of productive growth that creates and expands an economic crisis, he claimed.

This is Greenspeak at its finest.  The problems in Venezuela aren’t due to an extreme socialist government and a Keynesian money-printing central bank, according to him… no, the problem is just that things aren’t growing fast enough!

Well, to an extent that is true.  Things aren’t growing at all in Venezuela. In fact they are imploding at a rate I’ve never personally witnessed before.  But that isn’t the root cause of the problem.  The reason why Venezuela’s economy isn’t growing is BECAUSE of the government and the central bank!

Of course, you’ll never hear a central bankster admit that.  The problem is never them. It’s always some obtuse economic buzzphrase like a “lack of productivity growth.”

Greenspan continued by downplaying the role of central banking and government in the Venezuela disaster.  He then focused on the Federal Reserve and continued his lying. He said what the Fed did now was less important than what the markets did. While more money was available, actual production was not. Too many older people and too few resources. That was the problem.

This is how Greenspan is explaining the expanding crisis of debt, socialism and price inflation. It is coming from lack of productivity.

Additionally, older workers prefer to be recipients of “social benefits” and this also has a negative impact on productivity, he claimed. He warned that if the US, for instance, could not move productivity up from around two percent, social benefits and other obligations start to become impossible to fund.

So, once again, the problem isn’t that the government created a Ponzi scheme we call Socialist InSecurity. The problem is that the markets aren’t creating enough wealth to fund said Ponzi scheme.

And that necessary growth is impossible.  Between central bank monetary manipulation, managed trade, regulatory demands and currency debasement, modern Western economies are barely functioning at all. Only the largest multinationals can manage to survive competitively in such an environment, and many of them are not exactly thriving.  Even Coca Cola has had to pull out of Venezuela and now Lufthansa has cut flights to the country.

Greenspan wants to blame the West’s industrial slump on a lack of productivity and “growth.” This is propaganda, and he knows it is.  And if he doesn’t know it then he’s swallowed too much Keynesian Kool-Aid.  Go home Greenspan, you’re drunk.

The main cause of ruin over time is central bank money debasement – not some mysterious missing “growth.” And government generally makes things worse via regulations, taxation and debt.

Greenspan should know this. He’s not a stupid man.

But Greenspan is part of the central banking clique. He does what he’s told to do. And he is obviously supposed to make sure that people do not blame central banking, regulations and other government activities for the perma-depression that is now taking place in Venezuela, Latin America, Asia, China and the West.

There is, in fact, worse to come, as we  have often pointed out. This year, Jubilee 2016, is a “building year” for world government. The EU for instance is creating a pan-European army and is also “giving” all European residents tax ID numbers. And China is adding the yuan to the International Monetary Fund’s SDR currency basket on October 1st, just the day before the Jubilee Year ends on October 2nd.

Things are not going to get any better in 2016, only worse. The idea is obviously to create convulsive economic chaos that will help usher in a new economic order. In the meantime, Greenspan is supposed to distract your attention.

I went to Venezuela recently as you probably know and predicted just what Greenspan is talking about. But unlike Greenspan, I blamed the problems that Venezuela is having on an oppressive government and destructive central bank policies. That’s obvious to anyone who looks at Venezuela without an agenda. But Greenspan and his crowd have an agenda. They want globalism, and they want it soon. And they will mislead, cheat and destroy to get what they want.

I’m proud to say that The Dollar Vigilante, along with some other alternative financial publications, stands in their way. If you want to track the lies on a regular basis, and then  figure out what you need to do to protect yourself and even profit from their agenda, I’d  urge you to sign up for our TDV newsletter HERE.

We’ve now had George Soros, Carl Icahn, Stanley Druckenmiller, Jim Rogers, the IMF and the World Bank warn that we are on the verge of a crisis of biblical proportions.  Greenspan even said that what is happening in Venezuela, complete with martial law, will come to the US.  At what point do you start to listen and begin to protect yourself?

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules