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Greenspan: US Can Pay Any Debt It Has Because It Can Print Money To Pay It



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such arrogance

to think we own the reserve currency and can therefore do as we please

Welcome to the Weimar Republic

Helloooo Alan? Have you ever heard of the Weimar Republic where they believed that, too. What happened? Inflation skyrocketed so bad marks were worthless. A wheelbarrow of marks paid for a loaf of bread. Hitler took advantage of the situation and took over. So, print, print, print and pay your debts and watch your country starve. Man I hope somebody figured that out. This is the guy who wrote an excellent treastise on gold and now he says this? Is Alzheimer's setting in?

Healthnut4freedom

The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

So, let me get this straight...

the rectal rimshot that largely created the problem now has the solution to solve the problem by doing what caused the problem to solve the problem.

I knew I should have learned Chinese math instead of pig latin!

is that deflation?

is that deflation?

This is absolute

Ammunition for End the Fed.

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

bigmikedude's picture

It just doesn't sink in with them does it?

These people's skulls must be as thick as bunker concrete.

"Errr, the fire isn't going out..."

"Get more gasoline, hurry..."

He KNOWS what he is doing

nothing dumb about this, just well planned.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

"America can always make enough toilet paper for the BS"

Why do we pay these people for their opinions, when they are wrong most of the time?

I wonder if they will

print a FOREVER DOLLAR like they do Postage Stamps? hee,hee

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

reedr3v's picture

Thanks Al, now please crawl back

to the slime hole you belong in.

Counterfeiting and fraud can pay debts?

Ole Al's, cheese has slipped off his cracker or he is a criminal at heart. (Key Largo is my favorite Anti-Fed movie.)

But wait, the US can borrow all those paper Dollar coupons or equivalent and put it on the taxpayer's tab.

So Al lied besides? They will only counterfeit the money for the US if the US raises the debt ceiling. Fat chance that the Federal Reserve would print any money if they couldn't loan it to someone at interest.

"The Federal Reserve is a fraudulent system" is my favorite Lew Rockwell quote.

Free includes debt-free!

ytc's picture

Sure, zero probability of default by non-payment, BUT

100 % probability of default by payment with money with (near) zero-value.

Mr. Greenspan, are YOU personally invested in such bond? Please DO show us your investment portfolio.

Wow.

Wow.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

northstar's picture

Wow, great video!

Thanks Alan! I bet ol' Ben just fainted lol

Real eyes realize real lies

We want our country back

Every year is a year for Ron Paul!