After Greenspan joined Al Jazeera in his "it's about the OIL" statement, I just HAD to find out what might drive such a statement after complete SILENCE while the effort got underway...
Now, some linkage has to be utilized for this "conspiracy", but here goes:
Snippets from Wikipedia, but there are lots of resources otherwise:
http://en.wikipedia.org/wiki/Alan_Greenspan#Greenspan_and_the_housing_bubble
"Career after the Fed
Greenspan now works as a private advisor making speeches and providing consulting for firms through his company, Greenspan Associates LLC. On May 16th 2007, Greenspan was hired as a special consultant by PIMCO and he will participate in Pimco's quarterly economic forums and speak privately with the bond manager about Fed interest rate policy."
Hmmmm - I just cannot remember Mr. Chairman warning of the recession while he was CREATING IT, but that's the MO I recall from the past :
"On February 26, 2007, Greenspan forecast a possible recession in the U.S. before or in early 2008.[41] Stabilizing corporate profits are said to have influenced his comments. The following day, the Dow Jones Industrial Average closed at 12,216.24 dropping by 416 points and losing 3.3% of its value, the worst one day loss since September 17, 2001, when the Dow Jones lost 684 points "
Now, PIMCO (owned by Allianz, a German Insurance Co) announces:
http://www.pimco.com/LeftNav/HomePageAnnouncements/Mohamed+El-Erian+to+Rejoin+Firm.htm
El-Erian? Whozat? Why, the guy whose whole life began when he "rose through the ranks" at the IMF, of course. He just left Hahvahd's Fund Management after a whole 2 years of hedge fund/sub-prime debacles/OIL investments, etc. with decent results (wait for it - it'll come out AFTER he's clear). He's returning "home" to PIMCO to join many of his brethren in the fight for whichever side he's on. Mr. El-Erian consults to the Arab Banker Assn often - he's a HERO there, for good and known reasons.
It's about the OIL in the USA, Mr. Chairman? Although his book is in print, no corrections scheduled, he's publicly stated he was "misunderstood" though those and many other words are as clear as words can be. It's not all about the OIL to the USA, Mr. Chairman, but it's sure all about MONEY to Al and his minions, THEIR money, not ours. Nor is it about the future of OUR Nation in which he found fortune and fame. Loyalty to THIS Nation hasn't been in Mr. Chairman's goal set for decades now. As time flies on, I doubt his words bore inner iron even during the times when I respected Mr. Chairman for his loud and vehement calls for sanity in the Fed (before getting the job himself, of course).
Just review the FFR graphs from the moment he took the reins to the moment he handed them over - the evidence is there for all to see. Knee-jerk after knee-jerk does NOT create a trusted and balanced growth pattern, but that's Al's legacy, his book can't change the record except for those who will not know the truth. When FORCED to lower rates to sustainable levels, he did so to keep his job, but when any lame duck non-socialist is coming to the end of a term or likely to be next to the Presidency, WATCH OUT for Mr. Chairman and his world-view directions.
I believe Bonds of all sorts will suddenly find favor, and soon. Mr. Chairman has joined the enemy-within once again, because, to him, it's all about the OIL(money), you know. El-Erian will be interesting to watch as he returns "home" to PIMCO with Mr. Chairman firmly within his grasp. Note that nowhere on PIMCO's site will you find the news of Mr. Greenspan's alliance - not an accident nor a coincidence. Mr. Jamil Baz joined PIMCO last spring - a derivatives "expert" from Hahvad hissownself.
Enjoy the day - clarity of purpose has a way of becoming easier as time moves along. Stack your cash, diversify in Bank choices - the ride's getting more interesting by the day.
PS: There's no such thing as a conspiracy, so one shouldn't consider such laughable ideas seriously. There's no Mafia, either, but most capitalize the word for some reason or other

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