Greenspan warns crisis is imminent and urges return to gold standard.
Duncan Richardson, News Editor
30 Jun 2016, 9:57 a.m.
On Friday afternoon, following the UK’s decision to leave the European Union, former Fed governor, Alan Greenspan, shocked the world by announcing we should return to the gold standard.
The former Fed chief also believes the United Kingdom decision to exit the Eurozone was fuelled by economic desperation after decades of falling living standards.
After 40 years of credit expansion and numerous asset bubbles, Greenspan is concerned currencies around the world could experience hyperinflation. Greenspan
Over last few months a number of high profile ex-bankers have issued warning over the perilous state of the global economy.