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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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To: Jamestown1630
We’ll be taking wheelbarrows of cash to buy a bag of potatoes at the store.
Assuming there are potatoes and stores.
21
posted on
05/12/2023 1:31:38 PM PDT
by
nesnah
(Infringe - act so as to limit or undermine [something]; encroach on)
To: jeffersondem
Before the virus a 4x8 sheet of oak plywood was running about $72.
It was $144 at the beginning of the week.
22
posted on
05/12/2023 1:32:47 PM PDT
by
logi_cal869
(-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
To: nesnah
23
posted on
05/12/2023 1:33:16 PM PDT
by
4Liberty
(Dems loot & riot -called "protesting" by media. Repub's protest -called "looting & rioting" by media)
To: windsorknot
Going by looks, Greenspan married himself.
24
posted on
05/12/2023 1:35:01 PM PDT
by
gathersnomoss
(Welcome to The Biden Clown Show.)
To: cgbg
Figgered. Worth a try though. LOL
25
posted on
05/12/2023 1:38:29 PM PDT
by
SkyDancer
(Hold on tight to your dream)
To: Republican Wildcat
I guess this means that I can print my own money.
So how easy that is.
26
posted on
05/12/2023 1:38:45 PM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: jeffersondem
It is bad, and worse than the media-governmental complex say.
27
posted on
05/12/2023 1:41:41 PM PDT
by
PghBaldy
(12/14/12 - 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts photo-op locations.)
To: Republican Wildcat
1. printing money causes inflation.
2. stealing money to Ukraine from taxpayers without
Congressional consent is TREASON.
28
posted on
05/12/2023 1:50:13 PM PDT
by
Diogenesis
(Si vis pacem, para bellum)
To: Republican Wildcat
"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."
When creditors refuse to accept your worthless currency, it's still a default. Ask the Weimar Republic.
To: Republican Wildcat
30
posted on
05/12/2023 2:03:15 PM PDT
by
EvilCapitalist
(81 million votes my ass.)
To: Republican Wildcat
Weimar Republic. nobody will accept our fiat money soon. It’s not backed by anything but hot air.
31
posted on
05/12/2023 2:05:59 PM PDT
by
meyer
(FBI = KGB for the DNC; IRS = Gestapo)
To: PGR88
He basically was describing QE or Fed monetization of Government debt. Like a corporation issuing more stock: Dilution. All the saved money the old folks were depending on quickly gets anemic; it simply doesn't buy as much anymore.
"Inflation" is too kind a word. "Monetization" is ignoring the damage. "QE" is hiding the issue with Newspeak.
32
posted on
05/12/2023 2:07:52 PM PDT
by
Tellurian
(To the Dems, the middle class is a festering wound. They want it amputated.)
To: Republican Wildcat
basically devaluing the money they pay back thereby paying less.
if i knew this was the intention of those looking to borrow from me, i’d never lend them money
33
posted on
05/12/2023 2:36:29 PM PDT
by
sten
(fighting tyranny never goes out of style)
To: Republican Wildcat
Hmmm...Didn’t realize Greenspan was a MMT type of economist. I thought he at least paid lip service to the Chicago school.
34
posted on
05/12/2023 2:54:40 PM PDT
by
Reily
(!!)
To: sten
Youve been here long enough, I guess you missed that thread. It was somewhere back around 99, maybe early 2000, that there was someone that posted a CFR-TRILAT paper on this forum that was supposedly taken from a meeting. It stated that this was the entire plan quite a way back. Borrow money from everyone and crash it all then pay it back with junk paper.
Ive brought it up a few times over the years and it has always drawn out shills.
Not as good as a bucktail but I suppose its all in the presentation.
35
posted on
05/12/2023 3:31:26 PM PDT
by
gnarledmaw
(Hive minded liberals worship leaders, sovereign conservatives elect servants.)
To: Jamestown1630
When you have wheelbarrows of cash, forego dinner and pay off debts with it.
36
posted on
05/12/2023 4:15:04 PM PDT
by
Glad2bnuts
(Repent, turn back to your first Love. If you do well you will be blessed, if not...America 2023)
To: Republican Wildcat
Why then do we need taxes and the IRS to collect said taxes?
To: Reno89519
38
posted on
05/12/2023 4:49:09 PM PDT
by
eyedigress
(Trump is my President!)
To: gnarledmaw
i remember, and i pointed out the problem when discussed.
devaluing the dollar to the point of collapse has been their intention since the 30s.
39
posted on
05/12/2023 4:51:25 PM PDT
by
sten
(fighting tyranny never goes out of style)
To: Republican Wildcat
Amazing Mr. Andrea Mitchell was put into the Gov. positions that he was this those kind of ignorant thoughts.
40
posted on
05/12/2023 6:06:39 PM PDT
by
DAC21
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