Sunday, August 7, 2011

Maestro: "We print, therefore, we are."

..."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....

http://www.cnbc.com/id/44051683

What!?!?  The Fed prints money to help the US pay for stuff that it can't afford?  No!  Say it ain't so, Maestro!!



What reserve currency mismanagement/abuse/debasement looks like - US dollar monthly chart.

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