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The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coin
businessinsider.com ^
| September 19, 2021
| Andy Kiersz and Joseph Zeballos-Roig
Posted on 09/19/2021 8:08:04 PM PDT by lowbridge
click here to read article
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1
posted on
09/19/2021 8:08:04 PM PDT
by
lowbridge
To: lowbridge
I’ve seen this episode on the Simpsons.
2
posted on
09/19/2021 8:10:28 PM PDT
by
Jonty30
(My superpower is setting people up for failure, without meaning to. )
To: lowbridge
What if I steal it? Will they honor it at 7-11.
3
posted on
09/19/2021 8:12:15 PM PDT
by
Williams
(Stop Tolerating The Intolerant)
To: lowbridge
4
posted on
09/19/2021 8:12:24 PM PDT
by
Fungi
They threaten this all the time, but never follow through. Enjoy your distraction.
5
posted on
09/19/2021 8:13:29 PM PDT
by
proust
(All posts made under this handle are, for the intents and purposes of the author, considered satire.)
To: proust
6
posted on
09/19/2021 8:14:48 PM PDT
by
proust
(All posts made under this handle are, for the intents and purposes of the author, considered satire.)
To: lowbridge
So, a Krugerrand is a gold coin, 1 oz., and is worth around $1755.
How big would a $1 trillion platinum coin be the democrats are planning to mint?
7
posted on
09/19/2021 8:16:07 PM PDT
by
The_Media_never_lie
(The crowd was chanting "Death to America", but they were a mostly friendly crowd.)
To: proust; lowbridge
8
posted on
09/19/2021 8:17:55 PM PDT
by
4Liberty
(Honest GOP can't use legal means because Dems use illegal ones (threats). The Robert Creamer Party! )
To: lowbridge
The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coinIt is Congress, not the "Biden Administration", with the authority "to coin money, and regulate the value thereof".
9
posted on
09/19/2021 8:18:07 PM PDT
by
Jim Noble
(The nation cannot be saved until the GOP is destroyed)
To: lowbridge
Two radical left wing nutters at a Far left wing nutter owned website
spitting out lies .
More nonsense.
10
posted on
09/19/2021 8:18:13 PM PDT
by
ncalburt
(Gop DC Globalists are the evil)
To: The_Media_never_lie
It's shown here 100X life size...
11
posted on
09/19/2021 8:18:23 PM PDT
by
ProtectOurFreedom
("If I’m going to get my political views from those who chase balls, I’ll ask my dog.")
To: lowbridge
Why not just make a bit coin and say it’s worth a trillion?
12
posted on
09/19/2021 8:18:25 PM PDT
by
The Louiswu
(Peace to you and may God Bless you.)
To: lowbridge
This should be challenged in court.
Then Biden should have to have a panel of nine medical
examiners determine if he is fit to hold office, as part
of the judgement.
I doubt the Judicial Branch could pull that off, but it
needs to be done.
Why not order the minting of 30 of them Joe?
Why our nation would be out of debt.
There are some real nut-jobs pulling this guy’s strings.
13
posted on
09/19/2021 8:19:01 PM PDT
by
DoughtyOne
(Biden = Green Light to > China, N. K., Russia, M/E Terrorists, FBI, CDC, MSM, & the Left...)
To: lowbridge
Mint a hundred of those and be done with it for a while.
14
posted on
09/19/2021 8:19:20 PM PDT
by
SaxxonWoods
( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
To: The_Media_never_lie
It doesn’t have to be platinum. It could be made of lead.
It works because of the coinage power, not because of the metal.
15
posted on
09/19/2021 8:19:30 PM PDT
by
Jim Noble
(The nation cannot be saved until the GOP is destroyed)
To: Jim Noble
No, you are wrong.
It does have to be platinum.
based on the authority granted by Section 31 U.S.C. § 5112 of the United States Code for the Treasury Department to “mint and issue platinum bullion coins” in any denominations the Secretary of the Treasury may choose.
I always ask for high denomination coins when the bank wants to know how i want my cash.
Most tellers were unaware that there are $100 coins
16
posted on
09/19/2021 8:26:36 PM PDT
by
algore
( )
To: Williams
What if I steal it? Will they honor it at 7-11. Yes, but if you only purchase a Big Gulp, they might have difficulty giving you change.
To: lowbridge
Why not just make the first Gold-Pressed Latinum coin and have Quark be the new secretary of the treasury?
18
posted on
09/19/2021 8:26:50 PM PDT
by
GreyFriar
(Spearhead - 3rd Armored Division 75-78 & 83-87)
To: Jonty30
To: lowbridge
International banks wouldn't allow the minting of a coin that large.
Coins are actually real money - minted by the US Treasury - and not backed by debt.
Federal Reserve Notes (our dollars) are directly backed by debt.
Don't believe me? Look at the Fed's weekly H.4.1 report and go to the balance sheet. You'll see that coins and reserve notes are on opposite sides of the ledger.
I would be all in favor of the US Treasury minting all of our money supply.
20
posted on
09/19/2021 8:28:46 PM PDT
by
politicket
(Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
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