We note what we see as a striking similarity between our illustrious former FED chairman and Louis XV. Of the royal house of Bourbon it has been written:
"They forget nothing and they learn nothing."
More to the point, Louis' dying words were reportedly:
"Apres moi le deluge." ("After me, the flood).
And so it was, with the last king of the royal house sent to the guillotine, along with the French monarchy.
Greenspan, we think, and his heir, Bernanke, have sent the American economy to the guillotine on a flood not of blood, but of CHEAP MONEY, conceived, printed, and distributed in panic.
Moneysage 2009 - copyright
