The Trillion Dollar Coins That Could Save America

page: 2
18
<< 1    3  4  5 >>

log in

join

posted on Jul, 30 2011 @ 10:14 AM
link   
OK, since this thread seems to be ignoring the GOP altogether - how can they pass a balanced budget amendment to the Constitution when the Dems in the Senate and the old school Republicans both favour deficit spending? Even if the House GOP gets its stuff in order, how can that bill be passed before the deadline?

The government has every legal right to mint new coinage, and since this debt crisis is not about how much debt America is capable of carrying (infinite) but rather how much debt the House will permit the government to carry, this has always been a matter of satisfying legalists in Congress. New coinage is a loophole; Congress loses its power to hold the country hostage. Problem. Solved.




posted on Jul, 30 2011 @ 10:26 AM
link   
reply to post by SmedleyBurlap
 


why don't they mint a ton of trillion dollar coins and send each of us one, and all our problems will be solved also???
heck, maybe we should give each of bin laden's wives one too!! it must be hard to be a widow in pakistan!! don't have enough resources to mint them in something that has worth like gold and silver, heck, no problem, mint them in tin!!

all that they've done so far since the housing crash has done more to show the world just how much of a farce our economy is than help it in any way!! let's go all the way and mint ourselves some trillion dollar tin coins and get rid of any doubt about the US economy being just one big scam!!!



posted on Jul, 30 2011 @ 10:49 AM
link   
What a great idea...


Sounds to me like a typical addict response. Their solution is bigger doses and stronger drugs. They start small, just a little toot, and before you know it they're snortin up everything in sight.

OK, let's say that we let them get away with this by "solving" the problem by conjuring up 2 trillion dollars. Pretty soon it'll be 10 Trillion then 100.

"I used to do a little, but a little wouldn't do, so the little got more and more. I just keep trying to get a little better, said a little better than before" - Guns N' Roses

We've seen this "solution" in action before...



posted on Jul, 30 2011 @ 10:49 AM
link   
reply to post by dawnstar
 


People who pay attention to the way the economy works are not freaking out. Economists are not calling this a farce. Financial advisors and gurus are not calling it a farce. It is only peasants who are calling it a farce, because they don't understand the system.

That is why peasants will never be given trillion dollars coins. They cannot be trusted not to trade them for magic beans.

This is not a sarcastic post. I am sick of the semi-literate loons in this world claiming authority in a field that they know nothing about and crying that the sky has been falling for a century (DERP FEDERAL RESERVE)



posted on Jul, 30 2011 @ 10:58 AM
link   
reply to post by SmedleyBurlap
 


they conjure up how much money out of thin air for bail outs?? but then can't come up with enough to pay our troops?? or give the seniors that small pittance called social security??
sorry, it's a farce!!! the fed supposedly gave away more money secretly in help their banking buddies than our entire national debt!!

our financial system is based on people believing that has integrity, and since the bailouts, even before really, they have been revealing more and more, there is no integrity in the system!!
it's a farce!!
want to prove me different, well have the powers that be keep themselves within the rules and laws that are in place to maintain it's integrity....
shifting around bogus trillion dollar coins that's sole reason to exist is so it can be shifted on a balance sheet isn't maintaining any integrity....it's just showing how valueless a tillion dollars is!!



posted on Jul, 30 2011 @ 11:06 AM
link   

Originally posted by Pervius
Our nuclear bombs are worth atleast a cool Quadrillion.

They can end life on this planet. Accept our currency or else.


Wow...a quadrillion sounds pretty impressive though, no?

F a trillion...we're talking quadrillions now. How many one dollar bills does THAT stack go in the sky?



posted on Jul, 30 2011 @ 11:06 AM
link   
I meant how far up? Like to Jupiter?



posted on Jul, 30 2011 @ 11:17 AM
link   
reply to post by PhoenixOD
 


any platinum or even rarer Earth metal would only have an actual intristic value of what the world markets would say its worth..
not much more than $3000.00 each... putting a Trillion dollar face value on the coin would automatically be laughed at and ridiculed...the credit worthyness of the USA woulkd immediately be debased by this absurdity.


Now... the real resource to put up as collateral would be the 10,000+ nuclear warheads...with an appraised value of $500billion each... because thats' how much destruction a warhead could cause, considering all the infrastructure & other economic resources that would need to be replaced/ and don't forget the Billion$ that will need to be paid out to the beneficiaries of the victims...(think the Japan nuclear reactor meltdown was a pure accident?)...no indeed... the insurance firms are in the backrooms, feverishly trying to mitigate their liabilities and such.

10,000 warheads X $500BN each = some $5,000Trillion dollars if the world community decides that the USA is to be sacrificed & the dollar falling to less than a Yen... its the Ace up the sleeve tactic that has not yet been voiced



posted on Jul, 30 2011 @ 11:20 AM
link   
reply to post by PhoenixOD
 


There is only one problem with this solution...in one year there will be a trillion dollars worth of coins stuck in couches and under car seats.

CJ



posted on Jul, 30 2011 @ 11:21 AM
link   
Wow, what're they going to be made of, Mithril?



posted on Jul, 30 2011 @ 11:23 AM
link   
reply to post by St Udio
 


Nuclear currency?



posted on Jul, 30 2011 @ 11:28 AM
link   
adding more money hence lowering the value of money is not going to stop a economic crisis.

america should have thought of this before it became the capitalist greedy hungry nation it is. because of americas utterly stupid decisions its the hard working people that are suffering.



posted on Jul, 30 2011 @ 11:28 AM
link   
What is this... a Simpsons episode?

second line
edit on 30-7-2011 by Nastradamus because: (no reason given)



posted on Jul, 30 2011 @ 11:29 AM
link   
reply to post by St Udio
 



Now... the real resource to put up as collateral would be the 10,000+ nuclear warheads...with an appraised value of $500billion each... because thats' how much destruction a warhead could cause, considering all the infrastructure & other economic resources that would need to be replaced/ and don't forget the Billion$ that will need to be paid out to the beneficiaries of the victims...(think the Japan nuclear reactor meltdown was a pure accident?)...no indeed... the insurance firms are in the backrooms, feverishly trying to mitigate their liabilities and such.


Sounds like an interesting idea but what if America defaults? Who gets the nukes?

edit on 30-7-2011 by PhoenixOD because: (no reason given)



posted on Jul, 30 2011 @ 11:33 AM
link   
reply to post by PhoenixOD
 


Um... China, Japan... and other nations who hold majority stakes in the US debt.

This has to be one of the most feasible idea out there currently tbh. star for St Udio
edit on 30-7-2011 by Nastradamus because: (no reason given)


If China and any other nation gets screwed over in the end, they have a right to storm US soil and forcefully take what they're entitled to, even nukes.
edit on 30-7-2011 by Nastradamus because: (no reason given)



posted on Jul, 30 2011 @ 11:40 AM
link   
Is it just me,or does this sound like the classic Ponzi/Pyramid Scam?

So,we just get New Players errr Countries to join in on the Scam?

Once they realize they've been had, they too must get new players or lose out.

Isn't that that against the Law? Oh...Our LAWmakers are doing it.

My bad.



posted on Jul, 30 2011 @ 11:40 AM
link   
reply to post by PhoenixOD
 


we do?? on at washington, one at ny city, one at san francisco, and well, basically every major city, till we let the owners of those nukes in to take over??

of course, by what I am told, alot of those nukes are kind of old....they might not work too well??

edit on 30-7-2011 by dawnstar because: (no reason given)



posted on Jul, 30 2011 @ 12:03 PM
link   
I wish you guys would do a little research about coins, how many of you have State quarters?
And how much money did the US make off of minting just quarters?
The more coins we hold the less the fed likes us, have you noticed it is harder to get 1 dollar coins from your bank?
They claim we don't like them, but I think they don't like the US making a profit from coins.
True patriots would exchange coins!
I am trying to find the Bill congress passed as it explains it better then the collectors info.

www.us-coin-values-advisor.com...

The program would earn the US government anywhere from $2.6 billion to $5.1 billion because of seigniorage. Explanation: It costs around 4.5 cents [in 1997] to produce a quarter at the Mint (material, labor, etc.). The quarter enters circulation by "selling" it to a Federal Reserve Bank for 25 cents, whereupon the FRB distributes it to the population. When quarters are set aside by the public as souvenirs, more quarters are necessarily produced at the Mint ( to fulfill the needs of commerce) and subsequently "sold" at a profit of more than 20 cents per quarter.
edit on 30-7-2011 by Gmoneycricket because: (no reason given)



posted on Jul, 30 2011 @ 12:13 PM
link   
reply to post by Gmoneycricket
 


You should look to Canada's financial stability and our fine selection of delightful coins.



posted on Jul, 30 2011 @ 12:20 PM
link   
I would guess we might have a JFK event if the Government minted a Trillion Dollar Coin for a dollar and made
99999999999 how ever many 9's it is in profit as it would not be circulated.





new topics
top topics
 
18
<< 1    3  4  5 >>

log in

join