No Chance of Default, US Can Print Money: Greenspan

CNBC ^ | 7 Aug 2011

[edpc]

Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's 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" said Greenspan on NBC's Meet the Press.

"What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan.

[edpc]

So....S&P just hurt our feelings and we can get over it by cranking up the presses at the US Mints. What an economic sage!

/s

[NormsRevenge]

palm , meet forehead ..

Print Mo’ Money!!

Of course! Genius!

[SeekAndFind]

RE: No Chance of Default, US Can Print Money: Greenspan

ROBERT MUGABE : Zimbabwe can print money as well as the US.

[Zarro]

Of course! Genius!

Why didn't we think of that before! Just run off a quick $14.8 Trillion and we're GOLDEN! You truly cannot make this stuff up.

[Oceander]

Is this jack-a$$ for real?

[babygene]

What an idiot... How is printing money anything other than a default?

[Brandybux]

David Gregory I know (blech). Alan Greenspan I know (ack ack).

But, who is that fellow in the video on whom the camera focuses for a few seconds, just after Greenspan says we can always print money? The chap looks like someone just peed in his lap under the table and he’s trying like crazy to pretend that nothing has happened.

Funny!!

[ken21]

he’s been with andrea too long.

[Tax Government]

What happened to Greenspan’s American Express corporate card from the Federal Reserve? Can’t he just put any national deficit on that, and have the Federal Reserve make good at the end of the month? Imagine the frequent flier miles; he might go to Jupiter.

[NoLibZone]

Spoken like a clinician, explaining why your dad just died from a heat attack.

It’s accurate , just not wise.

[xkaydet65]

Parker Bros. can print money too.The Fed keeps printing paper and Monopoly money will have greter buying power.

[cranked]

In other words, the Weimar Republic and Zimbabwe are forgotten economic lessons....and to think, people still give this geezer credence. =.=

[oldbill]

Greenspan has been an incoherent moron all his life.
It is unbelievable that American leadership has ever listened to this fool.

He makes Chauncy Gardiner look like a genius. And make more sense.

[ml/nj]

we can always print money

Are there still any folks out there who think the Federal Reserve Banks are independent from the government of the United States?

ML/NJ

[MarkeyD]

Just print up 15 Trillion Dollar bills. Crisis averted.

[vbmoneyspender]

Let a 1000 printing presses bloom.

[dfwgator]

“Spend all you want, we’ll make more.”

[CJ Wolf]

What do you know, money does grow on trees.

[jonascord]

CNBC should stop pirating from the Onion. That's what they did, right? This is satire, it's got to be, or the shooting will start before the New Year.

Ah, well, we can start with all the registered democrats... Ultimately, they are the ones responsible. The Wons who liked to call us red-necked Nazis...

[tsowellfan]

US DEBT AS VIEWED IN PICTURE COMPARISONS - SCARY - 15 TRILLION - STATUE OF LIBERTY

Now that's a lot of printing