Hey it's just the former fed chairman saying this. What's to worry about?
No Chance of Default, US Can Print Money: Greenspan
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
Sure what's wrong with devaluation of your currency, America can be Zimbabwe. hmmm, is that the plan Obama?
Monday, August 8, 2011
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