Greenspan: No Chance of Default, U.S. Can Print Money
August 8th, 2011HAHA:
I’m sticking with my initial guess on this: No default. The U.S. is dealing with a $14 trillion clusterfuck. No way that thing hits the wall. Not like this. There’s way too much potential for something to go super-critical.
I have no idea what’s going down at the meeting mentioned below, but it’s probably safe to assume that it has something to do with making sure that the death machine keeps grinding out the sausage by whatever means necessary.
Via: CNBC:
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.
Alan Senilespan