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A $1 trillion platinum coin could save the US from economic catastrophe in less than a month. It would be fast, legal, and no bigger than a regular coin.
businessinsider com ^
| May 3, 2023
| Juliana Kaplan and Ayelet Sheffey
Posted on 05/04/2023 4:36:21 PM PDT by lowbridge
click here to read article
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To: Jonty30
Better run your calculations again. Platinum is sold in troy ounces, not avoirdupois.
To: Jonty30
I’d still manage to lose it!
42
posted on
05/04/2023 5:01:42 PM PDT
by
Does so
( 🇺🇦...................."Who is Ray Epps?" should be overstamped on every piece of currency.)
To: Jonty30
> If its value is really a $1 trillion, that’s a lot of platinum. <
The relevant law does not require the coin’s stated value to match the coin’s value of platinum. It only requires that coin be made of platinum.
So our good friends in DC can put whatever value they want on the coin. One trillion dollars, ten trillion dollars, one hundred trillion dollars. It doesn’t matter.
Modern monetary policy sure is interesting.
43
posted on
05/04/2023 5:02:31 PM PDT
by
Leaning Right
(The steal is real.)
To: lowbridge
Didn’t the Simpson’s do an episode with a $1 trillion bill?
44
posted on
05/04/2023 5:03:09 PM PDT
by
Dutch Boy
(The only thing worse than having something taken from you is to have it returned broken. )
To: lowbridge
To: Dutch Boy
Did it end up in Fidel Castro’s hands.
To: Dilbert San Diego
The cheap drink machines outside Walmart are already programmed for it.
47
posted on
05/04/2023 5:05:03 PM PDT
by
ALASKA
(There has to be a line we do not cross.)
To: lowbridge
48
posted on
05/04/2023 5:05:15 PM PDT
by
Paladin2
To: Dilbert San Diego
The cheap drink machines outside Walmart are already programmed for it.
49
posted on
05/04/2023 5:05:36 PM PDT
by
ALASKA
(There has to be a line we do not cross.)
To: lowbridge
Just make 50 of them, and give them all to china and other creditors who loaned us $40 Trillion for our national debt.
50
posted on
05/04/2023 5:06:37 PM PDT
by
Mr. K
(No consequence of repealing Obamacare is worse than Obamacare)
To: BenLurkin
I cry as the citizenry has zero understanding of economic theory and consequence.
To: adorno
52
posted on
05/04/2023 5:07:40 PM PDT
by
C210N
(Everything will be okay in the end. If it’s not okay, it’s not the end.)
To: Leaning Right
I’ll take a piece of eight.
53
posted on
05/04/2023 5:07:41 PM PDT
by
Paladin2
To: Jonty30
Not really worth a trillion, just like a quarter doesn’t really have 25¢ of copper and nickel... yet.
54
posted on
05/04/2023 5:08:45 PM PDT
by
KarlInOhio
(Democrats' version of MAGA: Making America the Gulag Archipelago )
To: Mr. K
The dirty little secret is that we don’t owe the national debt to china et-al, but to the FED.
Since the debt is fiat dollars, it was created out of thin air by the FED, and the interest on it goes towards paying the owners of the FED and about 300 FED stockholders. THe FED, non-federal, is just a private banking corporation that we (the US) tasked with printing the currency, and we pay them interest on that which they create.
Having paid a plug nickel in principal.
“debt” held by China/et-al is merely them holding the “debt” created by the FED in the first place.
55
posted on
05/04/2023 5:11:00 PM PDT
by
C210N
(Everything will be okay in the end. If it’s not okay, it’s not the end.)
To: C210N
HavingHave never paid a plug nickel in principal.
56
posted on
05/04/2023 5:12:07 PM PDT
by
C210N
(Everything will be okay in the end. If it’s not okay, it’s not the end.)
To: lowbridge
I had one of those. Accidentally put in a candy machine. Dang machine kept it and didn’t dispense my candy.
57
posted on
05/04/2023 5:13:58 PM PDT
by
Islander7
(There is no septic system so vile, so filthy, the left won't drink from to further their agenda.)
To: lowbridge
Prices are truth.
You can’t make coins to avoid them.
58
posted on
05/04/2023 5:16:52 PM PDT
by
struggle
To: lowbridge
Why not a $100-trillion coin?
59
posted on
05/04/2023 5:18:14 PM PDT
by
wny
To: lowbridge
What’s 10% of a trillion dollars? Asking for the big g..,uhh a friend.
60
posted on
05/04/2023 5:19:52 PM PDT
by
bigbob
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