Monday, August 8, 2011
Geithner is SPooked
Do you trust this man?
Would you buy a used car from him?
Here is the man that was the head of the NY Fed and he's pissed with S&P.
He's S&Pooked by their pronouncements on AAA stripping of US debt. He's not smiling about this latest attack on his grand plan.
Bernanke will meet in 24 hours to discuss potential QE-3 and the printing of AA debt backed money will begin a new era of fiscal rectitude.
Tuesday's meeting with the masters of fiscal rectitude will be more interesting than a high school visit to the printing press to see how money is magically produced as Greenspan said on Sunday's "Meet the Press" --- link here
Quote: Greenspan said: "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"
Now that's one forthe history books. We can always simply turn on the press and print to our hearts content and guess who's going to be paying it off into perpetuity?
OMOTS working harder for less and a devalued dollar, that's the future folks!