Re: The End of Dollar Hegemony

Feb 21, 2006 7 Replies



> Fed Chair Alan Greenspan, on several occasions before the House Banking
> Committee, answered my challenges to him about his previously held
> favorable views on gold by claiming that he and other central bankers
> had gotten paper money - i.e. the dollar system - to respond as if
> it were gold. Each time I strongly disagreed, and pointed out that if
> they had achieved such a feat they would have defied centuries of
> economic history regarding the need for money to be something of real
> value. He smugly and confidently concurred with this.
>

He what? This doesn't make sense does it - concurred means agreed.


Well why have you posted it here in uk.finance then? This is a place for discussion.

why do you think it makes no sense.... he agreed he had 'defied centuries of economic history' and that this achievement was 'of real value'....

his response would more likely be tongue in cheek (that 'smug') on realising he was faced with an idiot

(the original post was more dribble so i didn't bother with it.... who is the berk who is allegedly questioning the great man?)

regards...

So someone (the OP's article writer) disagrees with Alan Greenspan and then Alan Greenspan "... smugly and confidently concurred with this", i.e. Alan Greenspan concurs with someone who disagrees with Alan Greenspan. It's confusing at the very least.

Just goes to show what a snake-oil salesman Greenspan is.

Perhaps that's why abelfraud worships him ? ;-)

he's irrelevant....

the piece you cut suggested a person questioning the great man.... i didn't imagine it was the author of the dribble who was questioning him... and i'm not ploughing through 380 lines of dribble to satisfy my curiosity on that slight matter :-)

regards...

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