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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.)
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. )
When the people elect those with the mind of a child.
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)
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)
To: ChicagoConservative27
26
posted on
10/06/2021 8:56:51 AM PDT
by
Magnum44
(...against all enemies, foreign and domestic...)
To: ChicagoConservative27
27
posted on
10/06/2021 9:00:58 AM PDT
by
Magnum44
(...against all enemies, foreign and domestic...)
To: stylin19a
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)
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)
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.
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)
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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