Greenspan slipped and shared the financial plan for the US...

@BullionAdvocate Further… Greenspan stated, "We can guarantee cash benefits as far out and whatever size you like, but we cannot guarantee their purchasing power."

@BullionAdvocate If all this money can just be created then why are we paying taxes? Just fire up the ol’ printer. And THIS ladies and gentlemen is why we should be on the gold standard! Only gold & silver are money. The rest is an illusion pretending to be money

@BullionAdvocate That is literally all they have. That's it. They think they have a goose that lays endless golden eggs.

@BullionAdvocate Butt butt the Queen of England knighted Sir Al for "saving the world." 😁🙃😆

@BullionAdvocate Yet they will default

@BullionAdvocate @Austan_Goolsbee that look says it all! “Printing money will have significant costs for society.”

@BullionAdvocate old system got to go

@BullionAdvocate He famously said they can guarantee the payment but they can’t guarantee the purchasing power of that payment.

@BullionAdvocate 'Zero probability of default' is technically true. Default by inflation is just called policy. An ounce of gold still buys the suit, the dollar barely covers the fast-food meal.

@BullionAdvocate Venezuela — 1998. It missed payments on bolívar-denominated bonds. Argentina —IMF and sovereign-default datasets identify domestic-debt defaults/restructurings in 1982, 1989–90 and 2002–05. Want me to go on? 😂 #MMT 🤡

@BullionAdvocate All countries print money, I don’t see what is the big deal. Makes absolutely no sense to pay so much interest when you can just print. Now of course it has to be done in moderation.

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@BullionAdvocate Coz printing money to pay debt will definitely not affect demand for IOU's. Great logic! 😁 Or maybe he is assuming 40% interest rates 🤔

@BullionAdvocate Most people don’t understand what that entails though…

@BullionAdvocate I love Zandi's face in that clip.

@BullionAdvocate Look at this guy, like a crack addict the just saw a huge pile of crack.

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@BullionAdvocate Oof. Sorry working americans.

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