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Clown World: D.C. Elites Consider Minting ‘Trillion-Dollar Coin’ to Game Debt Limit
Breitbart ^ | 10/06/2021 | BREITBART NEWS

Posted on 10/06/2021 7:04:17 AM PDT by ChicagoConservative27

WASHINGTON (AP) — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.

Even its serious proponents — who are not that many — call it a gimmick. They say it is an oddball way out of an oddball accounting problem that will have severe consequences to average people’s pocketbooks and the economy if it is not worked out in coming days.

(Excerpt) Read more at breitbart.com ...


TOPICS: Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: clown; coin; minting; trillion; trilliondollarcoin
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To: ChicagoConservative27

Must be the Biden team idea sound like something they would do.


21 posted on 10/06/2021 8:00:55 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: servantboy777

Can you defend it.
Can you live in it.
Can you eat it.

Those are the things I am focusing on. Reading about Argentina’s collapse, gold was a liability. To easy to steal


22 posted on 10/06/2021 8:25:12 AM PDT by redgolum (If this is civilization, I will be the barbarian. )
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When the people elect those with the mind of a child.


23 posted on 10/06/2021 8:40:09 AM PDT by USCG SimTech ( )
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To: ChicagoConservative27

backed by, wut... it has no intrinsic value other than it’s weight


24 posted on 10/06/2021 8:53:25 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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To: null and void

does that mean we’d need a new coin to cover the shortfall?


25 posted on 10/06/2021 8:55:59 AM PDT by stylin19a (when in doubt...empty the magazine)
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To: ChicagoConservative27


26 posted on 10/06/2021 8:56:51 AM PDT by Magnum44 (...against all enemies, foreign and domestic...)
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To: ChicagoConservative27

27 posted on 10/06/2021 9:00:58 AM PDT by Magnum44 (...against all enemies, foreign and domestic...)
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To: stylin19a

Seven new coins...


28 posted on 10/06/2021 9:14:17 AM PDT by null and void (As usual, the GOP was either totally unprepared for the onslaught or complicit in the tyranny)
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To: null and void

This singular coin would sop up ≈125 times the entire world’s available Pt.


Only if the value is the metal value. They could make it dime-sized if they weren’t afraid of losing the thing on someone’s shoe.


29 posted on 10/06/2021 9:15:11 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: redgolum
Certainly don't go lopsided. Ammo, food, meds, gardening seed, fuel...AND a lil gold/silver.

If the economy collapses, the paper dollar becomes worthless and there is a need, there will always be some greedy sum-b!tc4 with something you'll need.

Gold and silver has been currency for thousands of years and will some day return to that status.

In fact, many states have passed laws making those metals currency within the state once again. Texas created the “Texas gold depository” and is working to make gold and silver legal tender.

Wouldn't be surprised if states like Texas mint a denomination in the future.

30 posted on 10/06/2021 10:27:23 AM PDT by servantboy777
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To: Chode
backed by, wut... it has no intrinsic value other than it’s weight

In that case they ought to mint them with an image of Jerry Nadler.

31 posted on 10/06/2021 10:30:18 AM PDT by COBOL2Java (Joe Biden takes the "em" out of empathetic)
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To: COBOL2Java

LOL, right? they’d have to...


32 posted on 10/06/2021 11:15:58 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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