Dollar Rally or Dollar Collapse?
Ben Bernanke this week speaks to the Senate Banking Committee just as Alan Greenspan did in 2005.  In 2005 Mr. Greenspan made a statement that at the time flew under the radar and didn’t capture the public’s attention like it probably would if Ben Bernanke made such a statement today. Greenspan said to the Senate Banking Committee concerning Social Security “We can guarantee cash benefits as far out and at whatever size you like but we cannot guarantee their purchasing power.” By that statement Greenspan implied that money can always be printed to pay for benefits at the expense ...
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