Simply.. Fiat=Fraud.

Money printing (m3 money supply increase) = Inflation.
Too much = Hyper inflation.

We are now in the Weimar period of inflation. Yes, Right now. (Google it).

Global Fiat collapse is apon us.
The 1980's recession will look like Christmas as will the 1930's Depression.

Precious Metals will climb in opposition to the currency collapse.

IE Gold will go straight up. Base metals will be next best to have.

All other asset classes will go down. Realestate/stocks/Business.

100% of Fiat currencies throughout history have failed. Gold has always held it's value as you cannot manufacture it for 'nothing' (printing paper)

Know this and you will be saved.

Let's not leave out just how big this thing will be.

Derivatives market is 10-12 times WORLD GDP. GDP is GROSS income.. not net.

It will all want to find a home in Gold/Metals. At some point, you won't be able to actually by gold, regardless what you're willing to pay.

Markets will loose 90% of their value.

Belief? Crazy talk?

Look at the facts. You will be quite shocked.

AUS Money printing 14.3% Right Now. PER YEAR. This year ONLY.

Gold reserves 80 Tonne (2.5 Million Ounces@735US = 2 Billion $)
Represented by
M3 Supply - 850 Billion

850 Billion into 2 Billon.. Can anyone see a problem here? That's money supply alone, Not DEBT OWED.

The run on the banks in England was just a small taste of whats coming.

Good luck to you all.

His answer is not entirely satisfactory. He admitted many of the shortcomings, the poor ability of a central bank to predict human behaviour and market trends.

But this whole notion of stimulating activity by providing liquidity is a complete euphemism.

In my mind, its stimulating the kind of risky investments that wouldn't be done if the loose credit weren't there.

For all the criticisms Greenspan has copped from all quarters, and decidedly so for the most part, for his obvious actions in helping to forment an environment that ensures that "human nature hasn't effectively changed for 50 years", Greenspan is unusually candid in this interview.

Perhaps that also has to do with John Stewart's ability to provide enough rope, as the interviewer, for the interviewee to respond to. Notice how Stewart rarely interrupts Greenspan, once the interviewee starts talking. This is a subtle & delicate, but effective interviewing technique.

Thanks Dan, for alluding this video. Much corroboration of my own personal insight into this "economics caper" was gained by watching this.