Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard

`` In retrospect, the 90-year-old, who clearly is looking forward not backward, has a simple solution: the gold standard: `If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine.  Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard.  I'm known as a gold bug and everyone laughs at me, but why do central banks own gold now?'''