Tag Archives: ben bernanke

Greenspan: Counterfeit Fiat Dollars to Avoid Default

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Former Federal Reserve boss Alan Greenspan said over the weekend that the United States will not default after the S&P downgraded its credit rating because it can turn to counterfeiting fiat paper money. “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. Former military intelligence operative Bob Woodward wrote a book about Greenspan. It’s called Maestro. Greensp … Continue reading →

Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion

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Federal Reserve chairman Ben Bernanke was confronted by Congressman Alan Grayson about which foreign banks were the recipients of Federal Reserve credit swaps, but he was unable to provide an answer as to where over half a trillion dollars had gone. Asked which European financial institutions received the money, which was handed out by The Federal Open Market Committee (FOMC), a component of the Federal Reserve System, Bernanke responded, “I don’t know.” “Half a trillion dollars and you don’t know … Continue reading →