Alan Greenspan's legacy has received a hell of a makeover in the past 18 months.

Rather than thinking of him as a monetary god, most investors see Greenspan and his "easy credit" policies as the cause of West's housing bubble.

Greenspan isn't going quietly into the retirement home though… he's hitting the world's most widely read op-ed page to play defense. He claims an enormous increase in global cash savings caused ridiculously low interest rates… not him and his statist friends in Washington.

Greenspan doesn't say a single word about the immoral system that allowed any of this to happen… a system that allows Washington socialists to print fake Monopoly money whenever they feel like pissing away a few trillion dollars.

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