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Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" (video)
RealClearPolitics ^ | August 5, 2011 | RealClearPolitics

Posted on 08/07/2011 1:32:21 PM PDT by i88schwartz

ormer Chairman of the Federal Reserve Alan Greenspan explains how the United States can pay down the debt. By printing money. Transcript:

David Gregory, moderator of "Meet The Press" on NBC: "Are U.S. treasury bonds still safe to invest in?"

Alan Greenspan, Former Chairman of the Federal Reserve: "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."

Greenspan says the S&P downgrade was just meant to hit a "nerve" and hurt the "self-esteem of the United States."

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: alangreenspan; amishcorruption; bullshootisforever; diamonds2alan; greenspanhashisbucks; printingmoney; shaftthelittlepeople
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1 posted on 08/07/2011 1:32:28 PM PDT by i88schwartz
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To: i88schwartz

We could always pay $5 for a loaf of bread too.


2 posted on 08/07/2011 1:34:17 PM PDT by tsowellfan (Let's make the 2012 campaign: "The War on Error")
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To: i88schwartz

Has Alan become demented?


3 posted on 08/07/2011 1:35:11 PM PDT by Paladin2
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To: i88schwartz
the United States can pay any debt it has because we can always print money to do that

did he really say this?

Dear all: what we are witnessing today is the "Greenspan Put" come home to roost.

4 posted on 08/07/2011 1:35:36 PM PDT by _a_0_0_
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To: i88schwartz
OMG!!! Another Krugman/Mugabe disciple.
5 posted on 08/07/2011 1:35:42 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Paladin2
Has Alan become demented?

No, just candid. His policy always seemed to be based upon the nominal premise.

6 posted on 08/07/2011 1:36:21 PM PDT by _a_0_0_
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To: i88schwartz

Greenspan is one of many idiots that got us into this mess.


7 posted on 08/07/2011 1:36:30 PM PDT by FreeAtlanta (Fight for Liberty)
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To: Paladin2

That’s just the way these beltway bandits think they could care less that every dollar printed devalues those already in circulation.


8 posted on 08/07/2011 1:36:51 PM PDT by ully2
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To: i88schwartz

Isnt this the dufus married to Andrea Mitchell..no wonder he sounds like an idiot..being married to her doesn’t give him much credability


9 posted on 08/07/2011 1:36:57 PM PDT by Sarah Barracuda
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To: _a_0_0_

Yes he did. And it wasn’t taken out if context. Watch the video.


10 posted on 08/07/2011 1:37:23 PM PDT by StonyMan451 (As for me and my household, we will serve the Lord.)
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To: _a_0_0_

Yes he did. And it wasn’t taken out if context. Watch the video.


11 posted on 08/07/2011 1:37:23 PM PDT by StonyMan451 (As for me and my household, we will serve the Lord.)
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To: i88schwartz

Greenspan has launched himself into space and is sending messages from Planet Xenon.


12 posted on 08/07/2011 1:37:48 PM PDT by WashingtonSource
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To: tsowellfan; Paladin2

I’m afraid $5 will look like a good buy.

Allen is getting old. He may be demented. I sat in on a Volker presentation about a year ago and the whole time I thought it was pitiful and cruel to trot him out... he had pretty much lost it and had nothing useful to say.

Old lions get... Old.


13 posted on 08/07/2011 1:38:09 PM PDT by Sequoyah101 (Half the people are below average.)
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To: i88schwartz

We have a brilliant design.

We used the best construction.

We have an experienced crew and an able Captain.

Surely, we are destined for greatness.

- signed, the crew of the Titanic.


14 posted on 08/07/2011 1:38:18 PM PDT by volunbeer (Keep the dope, we'll make the change in 2012!)
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To: i88schwartz

Typical of a central planner and his beliefs. The chickens are coming home to roost.


15 posted on 08/07/2011 1:38:50 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: i88schwartz

That was also the attitude in Weimar Germany and in Zimbabwe. Most know what happened to end this in Weimar Germany. In Zimbabwe this ended because their supplier of ink with which to print things like trillion dollar notes refused to supply any more without being compensated. True story.


16 posted on 08/07/2011 1:39:35 PM PDT by OldNewYork
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To: i88schwartz
S&P's reduction of the U.S. credit rating is recognizing the value of putting money into an investment which can be paid off by a borrower by, "just printing money."

Does Greenspan even remotely realize that his comment underscored the rationality of S&P's decision?

"Just print money . . ."?

YGTBSM!

Does Weimar Germany hold any lessons?

Hello -- can you say, "Argentina"?

Un-friggin'-believable.

17 posted on 08/07/2011 1:39:59 PM PDT by Quiller (When you're fighting to survive, there is no "try" -- there is only do, or do not.)
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To: i88schwartz

The same variety of genius which led to Weimar Germany.

Should we trade in our wallets for wheel barrows?


18 posted on 08/07/2011 1:40:21 PM PDT by Jack Hammer
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To: tsowellfan

We could always pay $5 for a loaf of bread too.

A loaf of bread in Germany went up to a wheel barrel load of money at one time.


19 posted on 08/07/2011 1:40:50 PM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: Sequoyah101

Krauthammer seems to be spouting typical inside the beltway pablum these days.


20 posted on 08/07/2011 1:40:55 PM PDT by Paladin2
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