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To: Kaslin
Just saw a piece on Fox this a.m., “How will the stimulus effect your wallet?”

I love it. Damned if you do, damned if you don't. If Trump didn't do the stimulus...people would rail on him. Trump moves on stimulus and people start this nonsense.

Our government is waaaaaaaay past caring about the freakin debt. In fact, I've even heard back in the Obozo days, then a week or so ago in regards to minting a couple of Platinum coins and denominating them in the trillions...lol

Ho hum...life goes on.

19 posted on 04/08/2020 5:30:07 AM PDT by servantboy777
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To: servantboy777; Kaslin
"Tlaib wants to take advantage of an obscure Treasury authority to issue new currency through minting platinum coins, and then give that currency to people," said Carter. "No new debt, no weird Federal Reserve programs, just cash straight to folks."

Really, no new debt?

How exactly will that work?

Will those coins be sold to some one? Who is going to buy a $1 Trillion Dollar coin?

This is a pie in the sky dreamer’s solution that has no chance of working as the people who propose it think it should.

The coins would sit in treasury vault and the money they generate would be the same as every other fictional dollar produced by the Federal Reserve.

30 posted on 04/08/2020 5:58:20 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit)
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