9:50AM Update: Greenspan says the next unexpected U.S. economic move will be on the inflation side and “although we don’t have inflation now, you don’t have it until it’s there”.
Greenspan also called U.S. entitlements the “third rail” of American politics “you touch it and you die“. He said the “whole entire U.S. Presidential election should be about entitlements”, but all of the candidates will be afraid to discuss it.
Former Federal Reserve Chairman Alan Greenspan was just a guest on Bloomberg news and recommended that the U.S. return to a gold standard! He then said, “if people call me a gold bug, they should ask themselves why do central banks own gold now?!”