- Freemason Alan Greenspan knows the plan pretty well. As the former head (snake oil salesman) of the most powerful Illuminist central bank, the FedRes, he is the caused of most of the current financial/debt problems. He knows the Euro is heading to the toilet bowl. The collapse of the Euro will be accompanied by the collapse of the Eurozone banking/financial system. It will be the start of the global economic, financial and monetary meltdown!
Greenspan Says Euro ‘Breaking Down’
By Joshua Zumbrun, http://www.bloomberg.com/
Former Federal Reserve Chairman Alan Greenspan said fissures in Europe’s common currency may lead to slowing in the U.S. economy. “The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” Greenspan said today in Washington.
Emergency steps such as unlimited loans from the European Central Bank are keeping many banks in Greece, Portugal, Italy and Spain solvent and easing lending by other Europe institutions. Greenspan said a contraction in Europe would hurt profitability and stock values of American companies since Europe is the target market for about 20 percent of U.S. exports and about 20 percent of foreign-affiliate earnings.
A lack of confidence in euro-denominated debt is straining the region’s banks, Greenspan said. “That stuff has always been thought of as the ideal collateral and now it’s getting highly questionable,” he said in a question-and-answer session at the Innovation Nation Forum in Washington.
“The problem is that there is a growing cleavage in the economic and analytical and banking circles as to whether the Euro, which is the crucial issue here, should be 17 countries with very significantly different cultures” regarding the role of government, consumer spending and inflation, Greenspan said. Asked if the breakup of the euro was one possibility, he replied, “obviously.”
No Gold Bubble
Greenspan also said that he did not think gold, which reached a record above $1,900 an ounce this week, was in a bubble. “Gold, unlike all other commodities, is a currency,” he said. “And the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
- “To you, Sovereign Grand Inspectors General (of the 33rd degree), we say this, that you may repeat it to the brethren of the 32nd , 31st and 30th degrees – The Masonic Religion should be, by all of us initiates of the high degrees, maintained in the purity of the Luciferian doctrine. … Yes, Lucifer is God … “
Albert Pike, Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry in 1871 (blasphemy)