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Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'

 
Sleeping Giant
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03/02/2013 09:54 AM

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Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
“It depends on how long,” Mr. Bloomberg said on his weekly WOR radio show with John Gambling. “If it lasts a few weeks, no. If it does, yeah. We get 10 or 12 percent of our budget from the federal government, not all of that is going to be cut back, but there would be effects–not good effects. But in the context of, ‘Is anything going to change tomorrow? Are we going to run out of money tomorrow?’ I’m sure I’ll get that question at the [next] press conference. No.”

Furthermore, while saying the federal deficit does indeed need to be curtailed, Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default.

“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.

[link to politicker.com]

Last Edited by Sleeping Giant on 03/02/2013 09:54 AM
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Sleeping Giant (OP)

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03/02/2013 09:55 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
"And that’s a problem for the lenders. They can’t stop lending us more money.”



"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Anonymous Coward
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03/02/2013 09:55 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Money ran out decades ago. Its all based on debt now.
Sleeping Giant (OP)

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03/02/2013 09:55 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Is there anyone more out of touch than this idiot?
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Anonymous Coward
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03/02/2013 09:59 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
Anonymous Coward
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03/02/2013 10:01 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Hes right in the fact that the US can print money, but its based on debt, and if you dont pay it back, it all crashes.
Sleeping Giant (OP)

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03/02/2013 10:02 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
 Quoting: Anonymous Coward 33661162


People believe him. People actually think we can just print more money and live our lives.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Anonymous Coward
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03/02/2013 10:05 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
 Quoting: Anonymous Coward 33661162


People believe him. People actually think we can just print more money and live our lives.
 Quoting: Sleeping Giant


The banks can print more to enslave us more.
Anonymous Coward
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03/02/2013 10:11 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Bloomberg's head has a near infinite cavity to someday, hopefully, have a brain inserted.
Anonymous Coward
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03/02/2013 10:13 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Hes right in the fact that the US can print money, but its based on debt, and if you dont pay it back, it all crashes.
 Quoting: strikeforce


Heck, just print 100 trillion new dollars, pay off all current and future debts and we're good... according to dems and screwballs like Bloomberg.
Sleeping Giant (OP)

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03/02/2013 10:14 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Hes right in the fact that the US can print money, but its based on debt, and if you dont pay it back, it all crashes.
 Quoting: strikeforce


Heck, just print 100 trillion new dollars, pay off all current and future debts and we're good... according to dems and screwballs like Bloomberg.
 Quoting: Anonymous Coward 21583061


ohyeah

And let our kids pay $12.99 for a loaf of bread, and $20.99 a gallon of gas.

Last Edited by Sleeping Giant on 03/02/2013 10:15 AM
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Being * gnieB

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03/02/2013 10:34 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
That's a good point.

If you have infinite ability to maintain a ponzi, the only concern the maintainers have; is to keep all 'bought-in' believing your 'fixing it' perpetually.

So all those on this post 'Shocked' over the 'size' of the 'debt' work right into their hands as well!

(notice current 'stock' market 'levels')

That's why the FED is the source of bail-outs the planet over. And clearly indicated that when the FED was audited showing extreme foreign bailouts, and very few Americans cared! Or, were never informed.

chalk-up another autrocity for MSM and US 'government' (all useless branches)...

Greece, Spain, Portugal, Ireland, Italy and all the rest are being bailed-out by Benanke's FED at the American tax payers expense! (or so it seems).

This counters natural LAW however. Based on deceit, theft, lies, monumental greed, agony (as interest is never printed yet always demanded, thus, losers are engineered).

The source of this autrocity are annihilating themselves for something that literally has ZERO value (!).

Host; 100lbs, Parasite; 250lbs (you do the projection)...

Last Edited by Being * gnieB on 03/02/2013 10:53 AM
Sleeping Giant (OP)

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03/02/2013 10:53 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
bmoney
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Anonymous Coward
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03/02/2013 11:09 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
 Quoting: Anonymous Coward 33661162


People believe him. People actually think we can just print more money and live our lives.
 Quoting: Sleeping Giant


Sadly, there is no shortage of idiots in this world, thanks in large part to state sponsored schooling.
Sleeping Giant (OP)

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03/02/2013 11:23 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
 Quoting: Anonymous Coward 33661162


People believe him. People actually think we can just print more money and live our lives.
 Quoting: Sleeping Giant


Sadly, there is no shortage of idiots in this world, thanks in large part to state sponsored schooling.
 Quoting: Anonymous Coward 33661162


Great point.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Anonymous Coward
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03/02/2013 11:27 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Hes right in the fact that the US can print money, but its based on debt, and if you dont pay it back, it all crashes.
 Quoting: strikeforce


Heck, just print 100 trillion new dollars, pay off all current and future debts and we're good... according to dems and screwballs like Bloomberg.
 Quoting: Anonymous Coward 21583061


ohyeah

And let our kids pay $12.99 for a loaf of bread, and $20.99 a gallon of gas.
 Quoting: Sleeping Giant


Salary will also be different so $20.99 may look pretty good then.
Dom Diputs

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03/02/2013 11:41 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
5stars + pin

Celebrating our 100th year of Retardocracy.
Anonymous Coward
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03/02/2013 11:45 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
as long as we have the biggest military nothing will happen to us unless we do it to ourselves
Sleeping Giant (OP)

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03/02/2013 11:45 AM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
5stars + pin

Celebrating our 100th year of Retardocracy.
 Quoting: Dom Diputs



[link to www.youtube.com]
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Dom Diputs

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03/02/2013 11:52 AM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
 Quoting: Sleeping Giant


facepalm2
Sir Griffo
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03/02/2013 12:16 PM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
bump
mrmuffins69
ban all the things

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03/02/2013 12:43 PM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
this bubble is gonna burst when obamacare goes into effect
Superduper
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03/02/2013 12:47 PM

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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
I'm ready to place the name of Bloomberg in with Bush, Sr., Cheney, Ashcroft, et al. all in the same category of names.
Anonymous Coward
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03/02/2013 12:49 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Does anyone need any more proof this man is an idiot?
 Quoting: Anonymous Coward 33661162


People believe him. People actually think we can just print more money and live our lives.
 Quoting: Sleeping Giant


Yes, they do. They think all is well with our country. I hope they are right, but I dont think it is possible.
Anonymous Coward
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03/02/2013 12:50 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
The truth about how your govt spends your $.

[link to www.youtube.com (secure)]
Anonymous Coward
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03/02/2013 12:50 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Bloomberg's head has a near infinite cavity to someday, hopefully, have a brain inserted.
 Quoting: Anonymous Coward 21583061


The guys has made billions with "no brain", according to you. With your brain, how much have you made?
Anonymous Coward
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03/02/2013 12:51 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
If they can just print money, remind me again...WHY DO WE PAY TAXES?!
Anonymous Coward
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03/02/2013 12:52 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
[youtube] [link to www.youtube.com]
Anonymous Coward
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03/02/2013 12:53 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
If they can just print money, remind me again...WHY DO WE PAY TAXES?!
 Quoting: Anonymous Coward 34797696


To keep us down.

No other reason.
Anonymous Coward
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03/02/2013 12:56 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
it is all an illusion it is Majik!
Anonymous Coward
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03/02/2013 01:01 PM
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Re: Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'
Now there is THE authority...

BLOOM-BERG.

Yeah, I'll bet YOUR children, and throw in your dog too.

It's easy to gamble when you USE other people.

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