Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
Will Biden’s Neo-Populist Economic Doctrine Support Gold? - 25th Sep 21
Markets Deflationary Winds Howling - 25th Sep 21
Crude Oil Price Piercing the Sky: Where Will We See the Black Gold by Xmas? - 25th Sep 21
Cryptocurrency policy choices and consequences - 25th Sep 21
The Next Emma Raducanu UK Tennis Star Pleasing the Crowds at Millhouses Park Sheffield - 25th Sep 21
Stock Market Rescued by the Fed Again? - 24th Sep 21
Are Amazon Best Cheap Memory Foam Mattresses Any good? Bedzonline £69 4ft Small Double ECO Example - 24th Sep 21
Evergrande not a Minsky Moment - 24th Sep 21
UK Energy Firms Scamming Customers Out of Their Best Fixed Rate Gas Tariffs - 23rd Sep 21
Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Should School Children be Jabbed with Pfizer Covid-19 Vaccine To Foster Herd Immunity? - UK - 23rd Sep 21
HOW TO SAVE MONEY ON CAR INSURANCE - 23rd Sep 21
Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
Trading Crude Oil ETFs in Foreign Currencies: What to Focus On - 22nd Sep 21
URGENT - Crypto-trader event - 'Bitcoin... back to $65,000?' - 22nd Sep 21
Stock Market Time to Buy the Dip? - 22nd Sep 21
US Dollar Bears Are Fresh Out of Honey Pots - 22nd Sep 21
MetaTrader 5 Features Every Trader Should Know - 22nd Sep 21
Evergrande China's Lehman's Moment, Tip of the Ice Berg in Financial Crisis 2.0 - 21st Sep 21
The Fed Is Playing The Biggest Game Of Chicken In History - 21st Sep 21
Focus on Stock Market Short-term Cycle - 21st Sep 21
Lands End Cornwall In VR360 - UK Holidays, Staycations - 21st Sep 21
Stock Market FOMO Hits September CRASH Brick Wall - Dow Trend Forecast 2021 Review - 20th Sep 21
Two Huge, Overlooked Drains on Global Silver Supplies - 20th Sep 21
Gold gets hammered but Copper fails to seize the moment - 20th Sep 21
New arms race and nuclear risks could spell End to the Asian Century - 20th Sep 21
Stock Market FOMO Hits September Brick Wall - Dow Trend Forecast 2021 Review - 19th Sep 21
Dow Forecasting Neural Nets, Crossing the Rubicon With Three High Risk Chinese Tech Stocks - 18th Sep 21
If Post-1971 Monetary System Is Bad, Why Isn’t Gold Higher? - 18th Sep 21
Stock Market Shaking Off the Taper Blues - 18th Sep 21
So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks - 18th Sep 21
Why a Financial Markets "Panic" May Be Just Around the Corner - 18th Sep 21
An Update on the End of College… and a New Way to Profit - 16th Sep 21
What Kind of Support and Services Can Your Accountant Provide? Your Main Questions Answered - 16th Sep 21
Consistent performance makes waste a good place to buy stocks - 16th Sep 21
Dow Stock Market Trend Forecasting Neural Nets Pattern Recognition - 15th Sep 21
Eurozone Impact on Gold: The ECB and the Phantom Taper - 15th Sep 21
Fed To Taper into Weakening Economy - 15th Sep 21
Gold Miners: Last of the Summer Wine - 15th Sep 21
How does product development affect a company’s market value? - 15th Sep 21
Types of Investment Property to Become Familiar with - 15th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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

© 2005-2019 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