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Bitcoin puts Alan Greenspan in panic, forces him to declare for Gold to be adopted as Global Currency
Former US Federal Reserve Chairman Alan Greenspan calls for a return to the gold standard as Bitcoin becomes positioned to take gold’s place as the world’s reserve store of value. Greenspan, who was the chairman of the US central bank from 1987 to 2006, presided over a period of “easy money policy” of low interest rates to provoke economic growth. This policy drew criticism from business leaders such as Steve Forbes for weakening the dollar and pushing commodities such as gold past its 12-year moving average in 2004. Since retirement, however, Greenspan has come out in favor of a more sound monetary policy, including a favorable view of gold as the world’s reserve currency: “I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.” Sound money as a defense against looming stagflation Last year, Greenspan had adopted a similar position on currency, urging a return to the gold s...
