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


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