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Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue
Townhall ^ | 12/08/2012 | Guy Benson

Posted on 12/08/2012 10:32:31 AM PST by SeekAndFind

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To: SeekAndFind

At least this should give us a whole new admiration for the Greeks, who, even in their darkest economic hours over the past few years never turned to insane economists to try to solve their problems. There’s hope for them, but I’m not sure about us.

If the U.S. government runs out of money, all it will have to do to avoid bankruptcy is declare a week or two of unpaid leave for all non-essential Federal employees, that is, the great majority of them.

That would give Congress enough time to pass a law declaring that all non-essential Federal workers who retire or leave for other reasons would not be replaced until our budget was in better condition.


51 posted on 12/08/2012 2:00:47 PM PST by Bluestocking
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To: GeronL

52 posted on 12/08/2012 2:02:01 PM PST by Bobalu (It is not obama we are fighting, it is the media.)
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To: mikrofon

One Toony made of platinum to be worth 100 trillion would likely consist of the entire world’s supply of that metal ...


53 posted on 12/08/2012 2:04:02 PM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: SeekAndFind
Send one of the coins to China with a note that it is payment in full for the value of the bonds it holds.

Beam me up Scotty, I'm ready to go!.


54 posted on 12/08/2012 2:07:06 PM PST by Bobalu (It is not obama we are fighting, it is the media.)
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To: Bobalu

Yep. It seems as if that is what has happened!


55 posted on 12/08/2012 2:16:14 PM PST by GeronL (http://asspos.blogspot.com)
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To: SeekAndFind

Make more money. That won’t cause hyper-inflation. Honest.


56 posted on 12/08/2012 2:23:10 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: hinckley buzzard

Economic collapse starts when a coin accidentally rolls off the counting table and disappears down a drainage grate.


57 posted on 12/08/2012 2:26:21 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: SeekAndFind; P-Marlowe

It seems to me that the clear intent of the US Constitution is that the US Congress, particularly the House, initiates entirely new monetary resources.

No matter how you cut it, a trillion dollar coin is new resources.

Also, any effort to assign the value of a trillion dollars to a coin flies is fraud. The market price of platinum is available for all to see, the historic price is available, and the futures price is available.

For anyone to claim they have a trillion dollars worth of platinum would require that they have more than a single coin or that the single coin be the size of a mountain.

Otherwise, they are perpetrating fraud.


58 posted on 12/08/2012 3:05:08 PM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: SeekAndFind; P-Marlowe

It seems to me that the clear intent of the US Constitution is that the US Congress, particularly the House, initiates entirely new monetary resources.

No matter how you cut it, a trillion dollar coin is new resources.

Also, any effort to assign the value of a trillion dollars to a coin flies is fraud. The market price of platinum is available for all to see, the historic price is available, and the futures price is available.

For anyone to claim they have a trillion dollars worth of platinum would require that they have more than a single coin or that the single coin be the size of a mountain.

Otherwise, they are perpetrating fraud.


59 posted on 12/08/2012 3:05:36 PM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: SeekAndFind; P-Marlowe

It seems to me that the clear intent of the US Constitution is that the US Congress, particularly the House, initiates entirely new monetary resources.

No matter how you cut it, a trillion dollar coin is new resources.

Also, any effort to assign the value of a trillion dollars to a coin is fraud. The market price of platinum is available for all to see, the historic price is available, and the futures price is available.

For anyone to claim they have a trillion dollars worth of platinum would require that they have more than a single coin or that the single coin be the size of a mountain.

Otherwise, they are perpetrating fraud.


60 posted on 12/08/2012 3:06:48 PM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Tennessee Nana
You Kiwi's ever have anything like THIS??


61 posted on 12/08/2012 3:24:09 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Gay State Conservative

http://en.wikipedia.org/wiki/Gideon_Gono


62 posted on 12/08/2012 3:26:58 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Slings and Arrows

Frankly, with Agenda 21, elimination of Man as its object (in general), “To Serve Man” is apt.

It’s not the collapse of US that’s intended, it the death of US all.

Except ‘them.’


63 posted on 12/08/2012 3:31:09 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: Eleutheria5
Economic collapse starts when a coin accidentally rolls off the counting table and disappears down a drainage grate.

Yeah, a tragedy! An entire year's deficit down the sewer.

Garcon!! Mint another trillion dollar coin!

64 posted on 12/08/2012 3:32:34 PM PST by Ole Okie
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To: WildHighlander57

palladium

http://www.thecenterfortheperformingarts.org/


65 posted on 12/08/2012 3:37:58 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: xzins
Otherwise, they are perpetrating fraud.

And we SURELY don't want that!

66 posted on 12/08/2012 3:39:53 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Jim Noble

Congress, not the Bureau of the Mint, has the power “to coin money, and regulate the value thereof”.

Yup.
And Zero is openly an unashamedly trying to bypass that, without amending the Constitution.

It’s an impeachable offense.


67 posted on 12/08/2012 3:46:21 PM PST by djf (Conservative values help the poor. Liberal values help them STAY poor!!!)
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To: Elsie

Fraud is actionable.


68 posted on 12/08/2012 3:48:14 PM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: SeekAndFind

I was afraid they were going to do something like that. I joked once, “make a 100 trillion dollar bill” and pay everything off.”


69 posted on 12/08/2012 3:50:09 PM PST by Nowhere Man (It is about time we re-enact Normandy, at the shores of the Potomac.)
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To: Elsie

Oh that wee thing belongs in the West Island of NZ...

The North Island and the South Island...even Stewart Island have much bigger ones than that one...

and all the Hen and Chicken Islands have ones that put that puny thing to shame...

and the NZ wallabies are much bigger...

One could kick that Red Kanga’s butt...


70 posted on 12/08/2012 4:30:48 PM PST by Tennessee Nana
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To: Slings and Arrows

What movie is that from?


71 posted on 12/08/2012 4:36:34 PM PST by PastorBooks
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To: Gay State Conservative

It’s telling that the most impressive thing they can think of to put on their money is a pile of rocks.


72 posted on 12/08/2012 4:59:36 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: Bobalu

I just watched that movie tonight for the first time.

It was scary.


73 posted on 12/08/2012 5:10:47 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: PastorBooks

Twilight Zone episode “To Serve Man.” available on Hulu, IIRC.


74 posted on 12/08/2012 5:23:22 PM PST by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: SeekAndFind

It should be OK as long as they make the coins really, really big.

At the Federal Reserve...

Bob says: “Hey Herb...have you seen those $1 trillion coins I had out to weigh? I thought I had them on the counter right here.”

Herb, swallowing a Lance cheese cracker and popping the top on the Coke he just bought from the vending machine, says: “No, Bob...are you sure you had them out of the safe? Hey sorry. I forgot to ask you if you wanted anything from the break room.”


75 posted on 12/08/2012 5:44:01 PM PST by moovova
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To: SeekAndFind
Always with die große Lüge and trying to pull the next big fast one, when will the Dems figure out that they can't trust other Dems (and really never could), and that they are as screwed as the rest of us?

.

76 posted on 12/08/2012 5:50:57 PM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: SeekAndFind

Why donn’t they just mint a one quadrillion dollar coin out of dog crap while they are at it...


77 posted on 12/08/2012 7:10:36 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: xzins

Only if someone initiates it.


78 posted on 12/08/2012 7:18:09 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: PastorBooks

It’s a Twilight Zone episode.


79 posted on 12/08/2012 7:20:02 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: xzins

Notice that US gold coins - real 1oz ones - have a face value of $20 yet cost some ~$1500 to buy.
This has led to some rather interesting economic/tax consequences.


80 posted on 12/08/2012 7:56:27 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: xzins
For anyone to claim they have a trillion dollars worth of platinum would require that they have more than a single coin or that the single coin be the size of a mountain.

Otherwise, they are perpetrating fraud.

The fraud began decades ago when they started pretending that a piece of paper with the word DOLLAR printed on it was the same thing as an actual dollar. This idea is just one more scrap on the whole fraudulent midden heap.

81 posted on 12/08/2012 9:02:06 PM PST by mvpel (Michael Pelletier)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks SeekAndFind. Irrelevant but fascinating sidebar:

Maine crew set to recover sunken $3b in platinum
boston globe | February 01, 2012 | By Brian R. Ballou
Posted on June 4, 2012 4:58:08 PM EDT by dennisw
http://www.freerepublic.com/focus/chat/2891442/posts

here’s one a little more on-topic:

A free-trade agreement with Europe? [David Ignatius]
Washington Post | Thursday December 6, 2012 | David Ignatius
Posted on December 9, 2012 1:00:38 AM EST by SunkenCiv
http://www.freerepublic.com/focus/news/2967024/posts


82 posted on 12/08/2012 10:41:42 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: SeekAndFind

Might as well stamp out a couple wooden nickels


83 posted on 12/09/2012 2:41:36 AM PST by ballplayer
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To: ctdonath2
I just saw that episode of Pawn Stars!
84 posted on 12/09/2012 4:21:49 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: mvpel
 
The fraud began decades ago when they started pretending that a piece of paper with the word DOLLAR printed on it was the same thing as an actual dollar.

I have some of those!

Under the image of the President (where it NOW says merely Ten Dollars), it USED to say (1934 SERIES):

Will Pay To The Bearer On Demand

Ten Dollars

 

 

And where our present bills say:

THIS NOTE IS LEGAL TENDER

FOR ALL DEBTS, PUBLIC AND PRIVATE

 

used TO SAY:

THIS NOTE IS LEGAL TENDER FOR ALL DEBTS,

PUBLIC AND PRIVATE, AND IS REDEEMABLE IN

LAWFUL MONEY AT THE UNITED STATES TREASURY,

OR AT ANY FEDERAL RESERVE BANK.

 


The 1928a series said:

REDEEMABLE IN GOLD ON DEMAND

AT THE UNITED STATES TREASURY,

OR IN GOLD OR LAWFUL MONEY

AT ANY FEDERAL RESERVE BANK.


85 posted on 12/09/2012 4:45:37 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: ballplayer
Inflation has driven the cost of a wooden nickel to 47¢ (if you get a 100 of them)


http://www.wooden-nickel.net/

86 posted on 12/09/2012 4:51:30 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: SeekAndFind
The same folks that called Reagan's tax cuts "Voodoo Economics" before the resulting record 25-year economic boom.

Wealth-creation economics is an unsolvable mystery to the Left. That's because the Left is married to Socialist Central Government Control, which is anathema to wealth creation. They keep trying to put a square peg into a round hole.

It's part of the sad story of the history of man and government. America held out for 250 years as the exception but it seems to be finally succumbing to the inevitability of man's darkened understanding. Obama is only the figurehead.

87 posted on 12/09/2012 7:23:41 AM PST by PapaNew
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To: DEADROCK
"Stamp 5 extra and pay off China. See how that works out for the commies on both sides."

Exactly.

88 posted on 12/09/2012 7:32:14 AM PST by StAnDeliver (Own It.)
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To: Stosh

Once upon a time, the smartest people in the country would apply all their brain power in a serious fashion to actually solve real problems.

It’s an indictment of the times we live in that the people in charge apply all their brain power to come up with the cleverest methods they can to *avoid* solving serious problems.


I once heard these exact same sentiments expressed over the criminal class, aka Mafia. You can apply it also to the Thug class. They will come up with some amazing schemes just to avoid a real ‘job’.


89 posted on 12/09/2012 8:10:01 AM PST by The Working Man
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To: SeekAndFind

As far as I’m concerned that would constitute an Act of War against The People.


90 posted on 12/09/2012 8:18:31 AM PST by Psycho_Bunny (Thought Puzzle: Describe Islam without using the phrase "mental disorder" more than four times.)
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To: SeekAndFind
“I like it,” says Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it.”

This person actually gets paid to teach college students? Really?

91 posted on 12/09/2012 8:30:04 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: arthurus

Oh no, a famine is a crisis they can use. Supply food to those who play ball, let the rest starve. It’s the only way to get rid of that 25 million Ayers talked about eliminating.


92 posted on 12/09/2012 8:36:55 AM PST by ichabod1 (Spriiingtime for islam, and tyranny. Winter for US and frieeends. . .)
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To: DEADROCK
I offer a similar argument to liberals who insist that we raise the minimum wage. I always say, "Well, if raising the minimum wage is a good thing, then why not raise it to $100/hr?"

I always get back stared silence as their logic-free brains try to compute. They know that there has to be something wrong with it, but they are clueless as to figuring out why.

93 posted on 12/09/2012 8:40:37 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: GraceG

Yes, exactly. There is NO relationship between the value of the metal and the value they are talking about “deeming” it to have.


94 posted on 12/09/2012 8:43:11 AM PST by ichabod1 (Spriiingtime for islam, and tyranny. Winter for US and frieeends. . .)
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To: SeekAndFind

With the way government seems to want to function, why even bother with gimmicks such as trillion dollar coins, or even printing money?

Why not just have the government write all it’s checks with no funding needed to back them up? That way, they’d never have to worry about taxing anybody, and would also be able to fund all the projects that the country could imagine.

Heck, why even worry about working for a living, since, the country would have a never-ending supply of money, to use as needed or wanted or wished.


95 posted on 12/09/2012 8:44:26 AM PST by adorno (Y)
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To: SeekAndFind

Two coins, each worth a trillion dollars.

Imagine the movie, where a heist of the federal reserve occurs, and the robbers steal both coins. Would the federal reserve have lost those trillions, or would they just issue another 2 coins as replacements? Would the robbers have coins that reflect any real value?


96 posted on 12/09/2012 8:52:06 AM PST by adorno (Y)
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To: GeronL
Even dummies should be able to see the problem with this.

Doubtful.

To them, it would be the most ingenious idea ever.
97 posted on 12/09/2012 8:55:13 AM PST by adorno (Y)
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To: hinckley buzzard

Yes, we ARE in a different world, hence my recent tagline. I started saying a few years ago in conversations that anyone who speaks what our grandparents or great grandparents or even our parents in the case of people of my age or older used to consider plain common sense, as obvious as the sunrise, are called nutcases or extremists. In this state we are losing our great senator Jim Demint who is resigning his seat. I have had people who are supposedly very conservative, including one retired lieutenant colonel, tell me that Mr. Demint is an “extremist”. My standard reply is NO, Mr. Demint is a traditional American of the sort we used to praise highly and hold up as role models. Those who CALL him an extremist are the real extremists.

On the other hand people who spout what used to be instantly recognized as idiocy are held up as role models and elected to the highest offices, up to and including the presidency.

My tagline at one time was IDIOCRACY IS A DOCUMENTARY.

The root of our problems is the fact that our educational system was taken over decades ago by people who teach absurdity as truth and their purpose has been to destroy the USA and they have done a nearly perfect job. We now have college graduates who in many cases would have been laughed out of a public school eighth grade classroom sixty years ago.


98 posted on 12/09/2012 9:01:54 AM PST by RipSawyer (I was born on Earth, what planet is this?)
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To: Revolting cat!; Slings and Arrows
Obama will mint this and then promptly lose it in the parking lot someplace.


99 posted on 12/09/2012 9:22:09 AM PST by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: SeekAndFind

Why don’t we just “deem” the debt as paid?

About as much sense as a trillion dollar coin.


100 posted on 12/09/2012 9:39:40 AM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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