Man Who Executed QE1 For Fed Says Own Gold, Fiat Will Burn

Friday, October 3, 2014
By Paul Martin

KingWorldNews.com
October 3, 2014

With the Dow punching back above 17,000, the US dollar surging and the gold market getting hit, today King World News spoke with the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar. What he had to say might surprise KWN readers around the world. He warned that investors must own gold because the reckless behavior of the Federal Reserve is going to lead to a serious crisis by creating a major selloff in the dollar and U.S. Treasuries. Below is what Huszard had to say in this remarkable interview.

Huszar: “I think the Greenspan legacy is a fascinating topic for the Fed. If you are going to ask me what my No. 1 take on the Greenspan chairmanship is, it’s that he was in the seat (of power as head of the Fed) way too long — 19 years. I think we saw a pretty dramatic shift over time in the way he actually managed the Fed.

Much of the consequences of what happened in the first decade of the 21st century, as well as QE, is directly related to decisions he made. … I think that because Greenspan was in that seat for so long he lost perspective, and I think his legacy going forward will be a quite negative one….

The Rest…HERE

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