Posted on 05/12/2023 1:07:12 PM PDT by Republican Wildcat
Flashback 8/7/2011:
David Gregory: "Are U.S. treasury bonds still safe to invest in?"
Alan Greenspan: "Very much so. This is not an issue of 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."
(Excerpt) Read more at youtube.com ...
We’ll be taking wheelbarrows of cash to buy a bag of potatoes at the store.
Assuming there are potatoes and stores.
Before the virus a 4x8 sheet of oak plywood was running about $72.
It was $144 at the beginning of the week.
Going by looks, Greenspan married himself.
Figgered. Worth a try though. LOL
I guess this means that I can print my own money.
So how easy that is.
It is bad, and worse than the media-governmental complex say.
1. printing money causes inflation.
2. stealing money to Ukraine from taxpayers without
Congressional consent is TREASON.
If I were in charge of education, this would be required viewing by all kids before graduating high school. https://www.youtube.com/watch?v=lu_VqX6J93k
Weimar Republic. nobody will accept our fiat money soon. It’s not backed by anything but hot air.
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.
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
Hmmm...Didn’t realize Greenspan was a MMT type of economist. I thought he at least paid lip service to the Chicago school.
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.
When you have wheelbarrows of cash, forego dinner and pay off debts with it.
Why then do we need taxes and the IRS to collect said taxes?
Yes.
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.
Amazing Mr. Andrea Mitchell was put into the Gov. positions that he was this those kind of ignorant thoughts.
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