Could we just punch out 100k dollar coins for everyone in the US, and just let us spend them? Give every adult two or three, and every kid at least one. We could jack up the economy into turbo, and fix all our problems overnight.
Strange Days: Print Two-One Trillion Dollar Coins to Solve Debt Ceiling Crisis?
Sunday, December 09, 2012 12:39:43 PM · 2 of 7
ZOOKER to whitedog57
Proper Freeper response should be:
Next April 15th, make your own trillion dollar coin and send it in for tax payment.
If you can do it, I can too. BTW, you can keep the change...
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It’s not really about money. It’s about control. You work — and the government takes a good chunk of your output. If you don’t behave, things will go badly for you and your family.
The trillion dollar question.
There is no need for taxes at all.
Just print/mint the money.
Why not make it a 1 Quadrillion dollar coin?
Then we won’t have to worry about debt for a few years. :)
It’s still money that’s already been spent, so it’s not really going to help. I say default...get it over with, shut down the Empire, end foriegn aid, kill SS and Medicare, bring the troops home, and start again. It’s going ot happen sooner or later anyway.
But some want to control the people with tax policy.
Since Obama, Biden, Holder, Pelosy, and Reid are all living in a fantasy world...I’m going to print up some fairies and pretend I’m living in Never Never Land...now where are those green tights!
There’s something disgusting about the word “freedom” being displayed upon that coin graphic. :(
Because you deserve to suffer, smart-ass white boy! It's not about raising revenue, it's about making you suffer and destroying your will to succeed without government aid.
Sample exchange from the movie, Idiocracy (2006):
President Camacho: "&h*t. I know shit's bad right now, with all that starving bull&h*t, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution."
South Carolina Representative # 1: "That's what you said last time, dip&hit!"
We are living in Idiocracy today, and the crazies are in charge. They only think with their stomachs and their dicks, and logic is meaningless to them. President Comacho is in the White House and he be gonna tear this mofo down.
A long-running argument against Keynesian economics has been (this is my paraphrase):
If debt doesn’t matter and if printing fiat money does not harm the value of the currency or the economy, why not just cancel all taxes and have the government simply print whatever money it needs to feed its spending addiction?
if they are going to spend 2 or 3 times tax revenue, then why am I paying taxes? they’re just devaluing anything I save anyhow
I suppose to see whether or not these ideas have any real value is to see if the Fed would accept a trillion dollar coin as payment, and then tell them...we’re square now, and we’re done. We won’t be needing your services any longer.
He doesn't.
This is sophistry, being used by people who abhor the idea of Constitutional Government. They think the law is a joke; a game to be played with words to fool people into believing you have a legal/moral justification for doing what you've done.
That's why they've repeatedly told us that the plain words of the Constitution don't mean what they say. Just for example, why a Constitutional Amendment (XIV) that guaranteed everyone the equal protection of law actually says the opposite: that certain classes of people are "more" equal than others.
Second, even supposing that minting the coin could produce a "debt free solution" there is nothing new in this proposal. In fact, it's actually worse than the shell game being played between the Federal Reserve and The Treasury now. At least under that game, no one is actually sure just how much we've inflated the money supply, or when it must eventually come crashing down.
Third, I'm no Paulite, but one thing that Ron Paul got very right was this: Why is the Federal Reserve allowed to keep secrets that the Congress of the United States is not entitled to know? The Congress (certain trusted members at least) are cleared to the highest levels of military, intelligence, and diplomatic secrecy our country affords, but the Fed has told them on numerous occasions (TARP, most recently) "we're not going to tell you how we spent the money."
Howzzat again?
The Fed is actually defended in this practice by some "conservatives:" 'Well, you can't put money under popular control. That would cause instability.' Really? How is having the value of money implicitly regulated by unaccountable bankers working out in that particular regard? Do people honestly believe that unelected bankers have less interest in easy money if it suits them today? Or tight money if it suits their balance sheet tomorrow? How is that whole "monetary stability" thing working out under the current system?
FDR and Henry Morgenthau "set" the price of gold over breakfast, somehow believing this was actually possible. The President can no more set the price of gold than he can set the speed of light. Money is the same. It has a value according to its market and the perception thereof. We are OUT -- not running out -- but dead, flat OUT of time.
And these idiotic shenanigans are not helpful.