Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

Townhall ^ | 12/08/2012 | Guy Benson

[hinckley buzzard]

We are really in a different world. The only person I know truly qualfied to write about the Obama era would be Jonathan Swift. He could create a new Travel destination for Gulliver, an exotic place where little banker gnomes spend their days soberly wheeling big platinum rounds from one room to another.

[marktwain]

When you worship government as god, then nothing becomes impossible for it.

[HereInTheHeartland]

We can all play!

http://www.hasbro.com/monopoly/en_US/shop/details.cfm?R=0FA49F3D-5056-900B-10CA-C90C503C6495:en_US&s_kwcid=TC|1028199|monopoly||S|e|17065600225

[mikrofon]

“Don’t take any wooden nickels (or platinum coins) ...”

[deadrock]

Stamp 5 extra and pay off China. See how that works out for the commies on both sides.

[I want the USA back]

People who propose this are not “economists and legal scholars,” they are phonies.
The immediate effect of that would be dilution of the value of money.

And that is their wish. Inflation is the liberals’ gift that keeps on giving.

[ridesthemiles]

If there are controls on how many coins can be in circulation at any one time, then how can they stop making paper dollar bills and foist dollar coins on us?

[jz638]

This was the plot of an episode of the simpsons several years ago. What’s next, suggesting Joe Biden design his own perfect car to save GM?

[y6162]

A banana republic move like this is right up ObaMugabe’s alley.

[null and void]

Australia leads the way!

Yep. that's one metric tonne of gold...

[mikrofon]

The "Toony"

[null and void]

Loony-toony

[arthurus]

High inflation operates to transfer wealth from those who produce it to those who print the money, at least until the producers cease producing. Then, of course, there is famine.

In a little country the big rich country comes to the rescue and ships in food so that the soldiers and rulers in the little famine wracked land do not starve. But when the big rich country engineers its own famine it will have to wait for the Rigellians to arrive with their UFO-loads of food.

[Slings and Arrows]

But when the big rich country engineers its own famine it will have to wait for the Rigellians to arrive with their UFO-loads of food.

Or the reverse.

[logitech]

And after they settle that debt thingy, why not give everybody a million dollars? Problem solved. Right?

[Gay State Conservative]

[ctdonath2]

Private minting of lead coins comes to mind.

[ctdonath2]

Security for that would prove ... interesting.

That coin would make for the greatest temptation to perpetrate the biggest heist ever.
And the perpetrators would find nothing in the safe.

[mikrofon]