by Jeff Nielson
Bullion Bulls Canada
Regular readers are familiar with a quotation from Alan Greenspan, which has been used in a number of previous pieces, dating back to 1966:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
Standing alone, the quote appears profound, perhaps even heroic, given the sea of paper-pushing, banker dogma which surrounded that quote, and continues to surround it to this day. Indeed, many readers may have asked themselves: how could 1966 Alan Greenspan have ended up as Chairman of the Federal Reserve, just over twenty years later?
How could the same, supposed, man-of-the-people who “warned us” about the evils of inflation (i.e. banker money-printing) have ended up as the High Priest of Inflation, and thus the principal thief responsible for “confiscating” the wealth/savings of people all around the Western world?