Futures Trading Blog - Shadowtraders.com

Greenspan tells Gulf States to drop the dollar

February 28th, 2008 by admin

Article is here. Funny how this data didn’t come out in America…so, who’s got bets that Greenspan (or his buddies)  have shorts on the dollar? You’d expect that someone, who spent 18 years trying to guide fiscal policy, wouldn’t be now spending his free time telling others how to help crash the US economy. Where are the calls of treason?

“… Alan Greenspan, the former chairman of the US central bank, or Fed, has said that inflation rates in Gulf states, which are reaching near record levels, would fall “significantly” if oil producers dropped their US dollar pegs.

Speaking at an investment conference on Monday in Jedda, Saudi Arabia, he said the pegs restrict the region’s ability to control inflation by forcing them to duplicate US monetary policy at a time when the Fed is cutting rates to ward off an economic downturn…”

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