Greenspan the Slasher
By T. F. Stone with apologies to Billy Joel. (Courtesy of Norman Singleton)
He cut it once, he cut it twice
He cut it twelve times before
But still they believe to the core
That this cut was needed even more
But there's no market bounce
And is it time really, instead, for the Mapleleaf gold ounce?
Yes they stand there pleadin'
With their portfolios bleedin
'Cause deep down they want even more
Then he says he wants to fight deflation
It's such a clever oration
He's so good with his explanation
They don't even see the looming disastrous inflation
He cuts so hard, he cuts so deep
He's got so much skill
He's so fascinating that they'll still be there waiting
When he comes back with the bill
They' ve been slashed in the face
Their portfolios a disgrace
But still they want more
'Cause he gives them what they need
While their stocks bleed
Then he says he is fighting deflation
What a clever oration
He's so good with his explanation
They even think he is a sensation
He cuts a quarter, he cuts a half
As he carves up the economy's life
But they won't do nothing
As he keeps on cutting
'Cause you know they love the knife
The market's been overbought, the market's been oversold
But they stand there pleadin'
With their portfolios bleedin'
'Cause deep down they want even more
Then he says he is fighting deflation
What a clever oration
He's so good with his explanation
They even think it is good for the nation
But the truth is the slasher
Is carving up a big time disaster
Inflation is ahead
You need gold under your bed
Use your head
Crudele, Wilk, Rogers, Paul and Volcker have got this right
It is not going to be a pretty sight
Copyright 2003 Stock News Daily LLC
Posted by Llewellyn H. Rockwell, Jr.
