Aug 2018 – Greenspan’s second warning: “I don’t know how it’s going to resolve, but there’s going to be a crisis.”

Greenspan’s latest warning is one more ‘wake up call’ for America.

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ZeroHedge, Aug 1, 2017:  Former Fed chair Alan Greenspan blasphemously warned a year ago of an “imminent crisis”:  “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.”

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The issue is essentially that entitlements are legal issues.  They have nothing to do with economics.  You reach a certain age or you are ill or something of that nature and you are entitled to certain expenditures out of the budget without any reference to how it’s going to be funded.  Where the productivity levels are now, we are lucky to get something even close to two percent annual growth rate.  That annual growth rate of two percent is not adequate to finance the existing needs.

I don’t know how it’s going to resolve, but there’s going to be a crisis.

“By any measure, real long-term interest rates are much too low and therefore unsustainable,” the former Federal Reserve chairman, 91, said in an interview.

“When they move higher they are likely to move reasonably fast. We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.”

However, Greenspan argues that stocks will suffer with bonds, as surging real interest rates will challenge one of the few remaining valuation cases that looks more gently upon U.S. equity prices..

“The real problem is that when the bond-market bubble collapses, long-term interest rates will rise…”

“… I’m known as a gold bug and everyone laughs at me, but why do central banks own gold now?”

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America needs a dynamic new approach to our looming entitlement crisis and the economic drag of stagflation.

There is one economic acceleration plan with the raw power to reignite economic growth, tame inflationary pressures, and the provide positive incentives needed to substantially reduce dependence on government and entitlement budget pressures.

The Leviticus 25 Plan provides a mechanism for massive debt elimination at ground level and the restoration of financial health for American families.

It will generate $1.02 trillion budget surpluses over each of the next five years, while at the same time providing powerful revenue growth and cost savings for states and municipalities in the U.S..

There is no other economic plan anywhere – with the raw power of this plan.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2433)

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