Replies to post #9094 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Picassa]

Mr Volcker is a towering figure in the US, praised for taming the great inflation of the late 1970s with unpopular monetary rigour. He is no friend of Alan Greenspan, who replaced him at the Fed and presided over credit excess that pushed private debt to 300pc of GDP.