Ha! Yeah the guy who architected the financial crisis by implementing many of policies that caused it - and telling they wouldn't be a problem - is now telling us default won't be a problem either. I feel so much better now. What are thee odds his advice could sink the country twice in a row?
On a related note it's interesting how investors have been running with bags of money to gold and emerging markets since BEFORE the default worries. I'm sure that greenspans words will bring them back. Look for gold to drop by 50% probably. On another related note ... If we don't have to worry about default .... Now we can borrow more! W00t! Here we come Infrastructure Bank! Maybe Greenspan will have saved our country after all. On Aug 8, 2011, at 7:11 AM, Jerry Barnes <[email protected]> wrote: > > No Chance of Default, US Can Print Money: > > Excerpt: > > 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 > > > > Read more here: http://www.cnbc.com/id/44051683 > > > J > > - > > It is well that the people of the nation do not understand our banking and > monetary system, for if they did, I believe there would be a revolution > before tomorrow morning. - Henry Ford > > What we have is a bunch of entities that should have failed, it would have > brought religion to the system, it would have been a good thing, but we > prohibited that from happening. - Rick Santelli > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:341339 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
