Why the U.S. Fed's 0.50% Rate Cut Won't Save the U.S. Markets

September 19, 2007 - “Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights” - Alan Greenspan, 1966, more than 20 years before he served as Chairman of the U.S. Federal Reserve from 1987-2006. Obviously, Alan Greenspan’s feelings regarding deficit…