No Chance of Default, US Can Print Money: Greenspan

[madfranks]

Well, at least he's telling it like it is!

http://www.cnbc.com/id/44051683



Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press

[BrewTech]

Said the world's most infamous counterfeiter... who is his target audience with a statement like that?

[MNeagle]

"But can't guarantee the purchasing power"... I believe he was quoted years ago saying the same thing.

[mick silver]

they can print till they all go to hell . but no country has to take what they print

[Dogman]

they can print till they all go to hell . but no country has to take what they print Yes ,there will reach a point if not already that what they print will be just....................intaglio printed fancy paper!

[Sparky]

they can print till they all go to hell . but no country has to take what they print

Why not? What choice do they have? As lone super power and holder of the world's reserve currency, they have no choice but to take it.

[Joe King]

.....and if they don't, we'll just cram it down their throats 'til they choke on it. lol

[agnut]

What if the Treasury held an auction and nobody showed up except the Charmin people, there just out of curiosity ?

Isn’t it heading that way ? Haven’t we run out of greater fools ? Apparently not quite yet as about 20% are being bought by whom I can’t imagine, while the other 80% the Federal Reserve trades treasury notes for their fiat dollars. And not even physical paper dollars. What is the cost to make a few entries on a keyboard ?

The emperor has no clothes !

Now that everybody with an interest knows, this arrangement between the Federal Reserve and the Treasury Department would be laughable if it weren’t so damn dangerous.

You know, it is not healthy when the parasite has become larger than the host.

Best wishes,

agnut

[midnight rambler]

Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press

That's great news!

[etc]

Unbelievable.

[Twisted Titan]

"But can't guarantee the purchasing power"... I believe he was quoted years ago saying the same thing.


http://www.youtube.com/watch?v=gqUzQjXNliU&feature=youtube_gdata_player

[Dogman]

http://www.youtube.com/watch?v=gqUzQjXNliU&feature=youtube_gdata_player


http://www.youtube.com/watch?v=gqUzQjXNliU&feature=youtube_gdata_player

[gunDriller]

that's why it's so important to control the governments of major oil producing nations - Saudi Arabia, Iraq, Mexico, Canada.

the minute they refuse to trade oil for worthless US fiat - Game Over.

[mick silver]

i would say the game is getting closer to being over .... 50/50 i would say

[iOWNme]

Yes, he really said this:


http://www.youtube.com/watch?v=q6vi528gseA&feature=player_embedded

[mick silver]

what he said is what wrong now , there no one wanting more paper