Invest Intelligence When It Realy Matters
Greenspan: A Fan of China
This is the reality as I see it: Back in 2001, the US government realized that a full correction from the Internet Bubble would have been devastating since in its early stages alone, it destroyed 50% of the paper wealth.
Rather than let the natural economic forces run their full course, the government chose to “toss money out of a helicopter” as the new Fed Chairman likes to say. This was the only way to delay the fallout of the largest asset bubble in the history of the world.