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Trillion Dollar Coin



 
 
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  #1  
Old January 6th 13, 04:24 AM posted to rec.collecting.coins
Jerry Dennis
external usenet poster
 
Posts: 1,207
Default Trillion Dollar Coin

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
Ads
  #2  
Old January 6th 13, 05:11 AM posted to rec.collecting.coins
Bremick
external usenet poster
 
Posts: 641
Default Trillion Dollar Coin

"Jerry Dennis" wrote in message
...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts involved
if the govt ever seriously considered it. Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? Or would
it require a trillion worth of platinum? Sadly, this government seems to
be reduced to weirdness rather than common sense to reduce our debt.





  #3  
Old January 6th 13, 07:03 AM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default Trillion Dollar Coin

On Jan 5, 10:11*pm, "bremick" wrote:
"Jerry Dennis" *wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts involved
if the govt ever seriously considered it. *Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? *Or would
it require a trillion worth of platinum? * Sadly, this government seems to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly
  #4  
Old January 6th 13, 04:03 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default Trillion Dollar Coin

On Jan 6, 12:03*am, oly wrote:
On Jan 5, 10:11*pm, "bremick" wrote:





"Jerry Dennis" *wrote in message


....


No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.


I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.


Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.


Jerry
----------


Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts involved
if the govt ever seriously considered it. *Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? *Or would
it require a trillion worth of platinum? * Sadly, this government seems to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one,
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly- Hide quoted text -

- Show quoted text -


The link is Russia Today (sometime dubious, but their financial TV
stories have been pretty great in recent times due to one lady
reporter), but you can also find this story elsewhe

http://rt.com/usa/news/trillion-dollar-debt-coin-353/

Again, there's nothing that means a one trillion dollar coins need
have more than a nominal amount of platinum!!!

oly
  #5  
Old January 8th 13, 11:45 PM posted to rec.collecting.coins
Frank Galikanokus
external usenet poster
 
Posts: 291
Default Trillion Dollar Coin

oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts involved
if the govt ever seriously considered it. Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? Or would
it require a trillion worth of platinum? Sadly, this government seems to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly


I agree!

So what are we going to do about the millionaires and billionaires and their tools that
are trashing our economy and threatening our freedom?

JAM
  #6  
Old January 9th 13, 03:17 AM posted to rec.collecting.coins
Bremick
external usenet poster
 
Posts: 641
Default Trillion Dollar Coin

"Frank Galikanokus" wrote in message ...

oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? Or
would
it require a trillion worth of platinum? Sadly, this government seems
to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly


I agree!

So what are we going to do about the millionaires and billionaires and their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!

  #7  
Old January 9th 13, 04:11 AM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default Trillion Dollar Coin

On Jan 8, 8:17*pm, "bremick" wrote:
"Frank Galikanokus" *wrote in ....
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message


....


No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.


I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.


Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change..


Jerry
----------


Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally "worth" a
trillion if it simply said so on it with a Congressional blessing? *Or
would
it require a trillion worth of platinum? * Sadly, this government seems
to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".


There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.


Congressional approval probably doesn't mean squat.


But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.


In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).


Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".


oly


I agree!

So what are we going to do about the millionaires and billionaires and their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -


I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. My poor old paternal grandparents clearly did towards the end of
their lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve qui
peut, baayy-beeee.

oly

oly
  #8  
Old January 9th 13, 04:56 AM posted to rec.collecting.coins
Bremick
external usenet poster
 
Posts: 641
Default Trillion Dollar Coin

"oly" wrote in message
...

On Jan 8, 8:17 pm, "bremick" wrote:
"Frank Galikanokus" wrote in ...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message


...


No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.


I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.


Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.


Jerry
----------


Would it actually be money if it isn't intended for circulation? I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? Or
would
it require a trillion worth of platinum? Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt.


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".


There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.


Congressional approval probably doesn't mean squat.


But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.


In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).


Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".


oly


I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -


I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. My poor old paternal grandparents clearly did towards the end of
their lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. I'd prefer to
stay healthy and take my chances. Good luck to you as you enter a new phase
of you life.

Bruce

  #9  
Old January 9th 13, 06:42 AM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default Trillion Dollar Coin

On Jan 8, 9:56*pm, "bremick" wrote:
"oly" *wrote in message

...

On Jan 8, 8:17 pm, "bremick" wrote:





"Frank Galikanokus" *wrote in ....
oly wrote:


On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message


...


No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.


I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.


Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.


Jerry
----------


Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? *Or
would
it require a trillion worth of platinum? * Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt..


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".


There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.


Congressional approval probably doesn't mean squat.


But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.


In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).


Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".


oly


I agree!


So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?


JAM
--------


I say let's vote them out of Congress!!- Hide quoted text -


- Show quoted text -


I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. *My poor old paternal grandparents clearly did towards the end of
their lives. *My parents did too (but they were very successful and
they did put in quite a lot first, up-front). *I am now angling to
game "the System" for myself. *Being personally honest about what you
tell yourself about yourself is still rather important. *Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. *I'd prefer to
stay healthy and take my chances. *Good luck to you as you enter a new phase
of you life.

Bruce- Hide quoted text -

- Show quoted text -


My other set of grandparents did not get much back out of "the
System", one died at 58 and the other did surivive to 72, but in poor
health for many years. He had the rather odd railroad disability and
then pension which were essentially governmental in nature. My late
father-in-law had the same railroad thing(s) and died at 63, but his
widow has raked it in for very many years.

FWIW, Social Security Disability has ballooned since the start of the
present recession (it's one way out); and very many "student" loans
are made to older people who fell off unemployment and then get in
some "classes" and borrow what they can to get by (and it seems that
student loans allow one to get by very well, nowadays). One of my
female cousins is in the "for-profit" college business and she and her
partners could probably sell-out and walk away with a whole lot of
money, but they really aren't very smart people and will they probably
still be there the day that present boondoggle educational scam
collapses.

My point is that Congress very much reflects the desires of the
American people. Everybody hates Congress but they typically love
their own local Congressman. Bring home the bacon, baayy-beeee!!!
Money for nothing and your chicks for free (actually that phrase was
coined by a bunch of Englishmen!).

And we could probably pay for all this, if we hadn't also gone into
Iraq and Afghanistan. But for that spending, the present recession
probably could have started as early as 2002 or thereabouts (well,
America also had to have all the real estate swindles and real estate
equity "cash outs" take place and then collapse before we could get to
the present dilemna).

Come on trillion dollar platinum coin!!! Mint more than one,
Timmy!!! Fiat platinum!!!

oly
  #10  
Old January 9th 13, 06:59 AM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default Trillion Dollar Coin

On Jan 8, 9:56*pm, "bremick" wrote:
"oly" *wrote in message

...

On Jan 8, 8:17 pm, "bremick" wrote:





"Frank Galikanokus" *wrote in ....
oly wrote:


On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message


...


No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.


I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.


Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.


Jerry
----------


Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? *Or
would
it require a trillion worth of platinum? * Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt..


I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".


There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.


Congressional approval probably doesn't mean squat.


But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.


In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).


Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".


oly


I agree!


So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?


JAM
--------


I say let's vote them out of Congress!!- Hide quoted text -


- Show quoted text -


I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. *My poor old paternal grandparents clearly did towards the end of
their lives. *My parents did too (but they were very successful and
they did put in quite a lot first, up-front). *I am now angling to
game "the System" for myself. *Being personally honest about what you
tell yourself about yourself is still rather important. *Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. *I'd prefer to
stay healthy and take my chances. *Good luck to you as you enter a new phase
of you life.

Bruce- Hide quoted text -

- Show quoted text -


And if I'm being ****y, I'll take issue with your demographics and
return of retirement contributions. Most people who have been
presently been retired for two decades got their own contributions
back within three years or less. Presently, more recent retirees are
looking at five to seven years before they start playing on the
house's money. There are NOT two or three people dying early for
every one that actually reaches retirement age. NOT the case at all.
If that was true, the crap debt would not be piling up the way it is.

Maybe Timmy should mint about a dozen of them trillion dollar
platinums.

oly

 




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