To: i88schwartz
the United States can pay any debt it has because we can always print money to do thatdid 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_
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.)
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.)
To: _a_0_0_
did he really say this?Even worse, look at the question he was answering:
Gregory: "Are U.S. treasury bonds still safe to invest in?
Greenspan: ""Very much so. . . the United States can pay any debt it has because we can always print money"
By his answer, the only conclusion that can be drawn is that U.S. Treasury bonds are not safe, in that the currency they are purchased with will be worthless at the time of maturity. Even Zimbabweans know the answer to that.
24 posted on
08/07/2011 1:42:51 PM PDT by
Hoodat
(Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
To: _a_0_0_
This is not even technically true (so, technically it’s a lie). This “printing money” also involves the exchange of debt and so, increases the debt yet more by it’s very nature.
77 posted on
08/07/2011 3:54:30 PM PDT by
Lloyd227
(Class of 1998 (let's all help the Team McCain spider monkeys decide how to moderate))
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