vlogolution network » hyper-inflation http://www.vlogolution.com/hot vlogolution is a new, hip video and blog network bringing you clever, informative, and unique infotainment such as HotRoast, PassMeThePork, and moMoneyTV. Sun, 01 May 2016 20:38:55 +0000 en-US hourly 1 The Culprit Behind the Housing Bubble – abridged version http://www.vlogolution.com/hot/2007-10-06-the-culprit-behind-the-housing-bubble-abridged-version/ http://www.vlogolution.com/hot/2007-10-06-the-culprit-behind-the-housing-bubble-abridged-version/#comments Fri, 05 Oct 2007 22:00:00 +0000 http://www.vlogolution.com/hot/?page_id=133

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.” You’ll be shocked to learn that it was actually Alan Greenspan who authored these words, before he became Chairman of the private Federal Reserve Bank. What are the implications of his actions, contrary to his initial beliefs, into the future? We are only beginning to find out…

This abridged version contains only my synopsis, and does not include Alan Greenspan’s article on “Gold and Economic Freedom”. It does, however add an extra bit about 2007′s top performing Stock Market in Zimbabwe! It’s up over 12,000% in 12 months! Of course, the country’s consumer price index was rising (i.e., the purchasing power of currency declining), was also rising at a rate of 1,729% a year. So how much are all those Zimbabwees worth anyway, even in dollars?


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