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Greenspan: "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."
NBC News Meet the Press (YouTube clip) ^
| 08/07/2011
Posted on 05/12/2023 1:07:12 PM PDT by Republican Wildcat
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Just something I remembered from years past given the current debt limit debate from when U.S.'s credit rating was downgraded under Obama/Biden.
Of course this would put inflation on an even greater overdrive.
To: Republican Wildcat
Taking a page from the Weimar Republic.
2
posted on
05/12/2023 1:09:14 PM PDT
by
Salman
(It's not a slippery slope if it was part of the program all along. )
To: Republican Wildcat
If there is no budget agreement at the end of the month and we reach a default day on June 1, for example, can the government on their own decide just print, the necessary money without congressional oversight or permission?
3
posted on
05/12/2023 1:12:06 PM PDT
by
Reno89519
(Go Woke, Go Broke. Every Time Trump Says Something, I'm Closer to Anyone But Trump.)
To: Salman
And the end of the stock market
4
posted on
05/12/2023 1:12:47 PM PDT
by
9422WMR
To: Salman
We’ll be taking wheelbarrows of cash to buy a bag of potatoes at the store.
5
posted on
05/12/2023 1:14:13 PM PDT
by
Jamestown1630
("A Republic, if you can keep it.")
To: Republican Wildcat
The United States can pay any debt it has because we can always print money to do thatHowever the ordinary American Citizen cannot get wheelbarrows large enough to purchase their daily bread.
6
posted on
05/12/2023 1:14:24 PM PDT
by
Navy Patriot
(Celebrate Decivilization)
To: Republican Wildcat
He basically was describing QE or Fed monetization of Government debt.
7
posted on
05/12/2023 1:14:49 PM PDT
by
PGR88
To: Republican Wildcat
And mr green’s statement is PRECISELY the problem with relying on fiat “money”
8
posted on
05/12/2023 1:15:05 PM PDT
by
faithhopecharity
(“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
To: Salman
And to be clear, Alan Greenspan is “Mr.” Andrea Mitchell of ABC, so the next time we consider the legacy media, recall the quasi-incestuous relationship between messages and messengers.
To: All
10
posted on
05/12/2023 1:15:58 PM PDT
by
AnthonySoprano
(Statute of Limitations is going to elapse on Hunter Biden )
To: Republican Wildcat
11
posted on
05/12/2023 1:18:11 PM PDT
by
mylife
(I was a sort of country boy, a cockeyed optimist, wrapped in international intrigue and espionage)
To: Republican Wildcat
The government will pay its bills while the public goes broke because the money will be worthless.
Time to end the Federal Reserve.
To: Republican Wildcat
So I can write checks on money I don’t have to pay my bills? Seems okay to me.
13
posted on
05/12/2023 1:19:08 PM PDT
by
SkyDancer
(Hold on tight to your dream)
To: Republican Wildcat
Other countries are annoyed with the U.S., especially BRICS so they are looking for an alternative to the dollar. So that’s bad news for us.
To: Reno89519
15
posted on
05/12/2023 1:20:06 PM PDT
by
Leaning Right
(The steal is real.)
To: Jamestown1630
Just today bought an item at the hardware store that a year ago cost $8.00; now it cost $11.00.
That is not eight percent inflation.
The nest egg I saved for retirement has probably half the purchasing power as when Biden seized control; maybe a little more.
Tomorrow it will be worth less.
To: Salman
Taking a page from the Weimar Republic. Yeah...I think Greenspan has lost it. Or he doesn't care because he has a few tons of gold ingots stashed somewhere.
Inflation? Whassat?
17
posted on
05/12/2023 1:24:14 PM PDT
by
Bloody Sam Roberts
(I had a broken vacuum cleaner. I put a Justin Beeber sticker on it. Now it sucks again.)
To: Leaning Right
It wouldn’t be good if they accidentally dropped that one in the parking lot, now would it?
To: SkyDancer
If you do it they call it fraud.
If the government does it they call it wise monetary policy.
;-)
19
posted on
05/12/2023 1:25:16 PM PDT
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: Republican Wildcat
His judgement is questionable.
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