Posted on 05/04/2023 4:36:21 PM PDT by lowbridge
Why didn’t Rome and every other collapsed empire think of this?
A $20 wine bottle could save the alcohol addict from emotional catastrophe in less than 20 mins. It would be fast, legal, and no bigger than a regular wine bottle.
One more credit card could save the shopping addict from economic catastrophe in less than a day. It would be fast, legal, and no bigger than a regular credit card.
Wow....this is insane.
This old chestnut gets brought up every time we near a debt default, most legal experts agree that it would never survive a court challenge. Basically, the president would order the US Mint to produce a single coin and set the value arbitrarily at $1 Trillion, then the government would borrow off the declared value of the coin. It’s legally doubtful that the president would actually have the authority to do this, at least without the authorization of congress. Not to mention that nobody, including the President, can just wave their hand and make a ~$2000 coin worth $1 Trillion just by saying it is. It is printing money out of thin air in the purest sense of the word (talk about a huge spike in inflation if it actually occured).
I took Economics at University as electives, my degrees were geology, pharmacy, and enough chemistry for a minor. This “Platinum Coin Logic” defies all economic clarity and economic reality.
It is just as logical to state, “My chickens crap gold nuggets and I am thus rich.” My chickens do not crap gold nuggets and I am not rich.
Both to soon be worth the same if this lunacy continues.
Ukraine. That’s how they bring inflation back down. All our excess liquidity is sent to Ukraine, where it just disappears. MMT in action.
“the president would order the US Mint”....”It’s legally doubtful that the president would actually have the authority to do this”
Yeah well what about the Franklin Mint or the mint that produces those chocolate gold coins?
Better mint lots of these $1trillion coins as that will be about enough to buy a loaf of bread when Biden’s economic plans trigger hyperinflation. In post WW-I Germany baskets of money were needed to buy bread and bank notes were so worthless they were used as wallpaper and burned in heating stoves instead of coal. This trillion dollar coin is a joke and just shows how fiat money is a house of cards.
Well, there is another permanent solution. It involved rounding THEM up.
I say make it out of plutonium. Then hand them out to whoever is willing to handle them.
Like Americium, Plutonium is also merely an alpha emitter and not particularly dangerous unless ingested or inhaled. There are people who machine plutonium. Americium is much much more rare. Of course we are ignoring the political gimmick nonsense of such a coin.
What would be the most biologically dangerous ? I want death by simply handing it. Not just cancer in 10 years. I’m not a chemist so not sure about all the metal alloys that could be interesting.
In the history of bad ideas this one may very well be the worst.
L
Strontium might be what you are looking for.
Wait till somebody mistakenly drops it into a vending machine for a bag of chips.......
Thanks. I will look it up. The insanity of the ideas of the left would be comical if not so dangerous.
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