Washington Post is insane.
These kind of games with the system just demonstrate how the ruling class doesn’t care about the rules, and doesn’t mind rubbing our noses in it. It’s akin to Caligula naming his horse as Consul.
posted on 12/09/2012 10:53:45 AM PST
(If there are infinite parallel universes, why Lord, am I living in the one with Obama as President?)
posted on 12/09/2012 10:58:48 AM PST
(Is the /sarc tag really necessary?)
They are already printing 40 bil (B) a month ( almost 1/2 tril [T] annually)anyway, whats a few bil more?
posted on 12/09/2012 11:00:32 AM PST
by going hot
(Happiness is a momma deuce)
This idea is madness.
It would lead to a collapse of the US dollar.
(and buy American)
“Take the name of a rare element ... Remove the letter ‘O’, change the 3rd letter to ‘U’ and then rearrange — you will get the name of another rare element. What are they? (Hint: Neither are gases)”
posted on 12/09/2012 11:15:27 AM PST
(Hint 2: Iran really wants one.)
Why don’t they just call ‘em “magic crystals,” it’d sit better with the hippies...
posted on 12/09/2012 11:15:36 AM PST
(Shut the Beyotch Down! Burn, baby, burn!)
They’re going to do that in effect anyway, may as well just do it and get it over with in a day. It’s just implementing QE3 in one step.
posted on 12/09/2012 11:15:48 AM PST
($1 meals: http://abuckaplate.blogspot.com)
I think it's a great idea. This way we won't need a wheelbarrow to transport the money when we buy a loaf of bread.
posted on 12/09/2012 11:31:27 AM PST
(Obama's birth certificate was found stapled to Soros's receipt.)
The appropriate metal to use for those coins is Iron Pyrite.
posted on 12/09/2012 11:35:32 AM PST
“Like it or not, The Fed has helped keep the inflation rate down near 2%.”
Somehow, I doubt the veracity of this statement.
posted on 12/09/2012 11:43:06 AM PST
(You have chosen dishonor to avoid war; you shall have war also.)
Stupid. Better to print a single two-trillion dollar coin.
posted on 12/09/2012 11:55:38 AM PST
(It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
The biggest thing I learned in the election is that the majority of the people do not want to make the sacrifices necessary to reduce government spending and repair our economy, and the Democrats will be happy to exploit that fact. Some sort of financial crisis is now inevitable. The timing of it will be when the interest of the debt cannot be paid by tax revenues. I think Obama can ride out his second term before that happens, but it is not infinitely far away either.
When that happens, congress will be backed into a corner. It can either impose a far more serious austerity program than we are currently considering with the fiscal cliff, or do something radical. I feel they will fear the mob and do something radical to appease the mob. What I think will happen is that they will demonize the Fed, and revoke the federal reserve act, and default on all debt to the Fed. Then congress will look to the treasury to print money directly, and that will start an inflationary cycle.
Yes, they could do something like print trillion dollar coins to give to the Fed, but it isn't like the Fed could take them to a bank and get change for them. Currency is a medium of exchange, and if there is no one to exchange a trillion dollar coin with, it is worthless.
The article misses the most obvious problem with the scheme — coins are minted, not printed.
This is a Simpsons episode.
s9 e20 the trouble with trillions
posted on 12/09/2012 12:33:30 PM PST
("Behold, I am against you, O arrogant one," Jeremiah 50:31)
The same head in the a$$ liberals who voted for 0bama see nothing wrong with this.
The reason why it’s bad is diluting money = inflation.
But let’s just suppose that 2 is good. Then why not 3, or 33 or 5,000 or a trillion?
Madness. But then liberalism is an incurable breakdown of the thinking apparatus.
posted on 12/09/2012 1:49:35 PM PST
Eh? Its just money.
posted on 12/09/2012 2:37:12 PM PST
by Delta 21
(Oh Crap !! Did I say that out loud ??!??)
Wouldn’t that hereby mean that an OZ of Platinum is worth a $-Trillion?
Time to get stocking up! Gotta pile of catalytic converters for sale; any takers? USPS money orders only....
posted on 12/09/2012 3:42:43 PM PST
(Step right up and place yer' bets!)
Bill Still has been advocating this plan of attack for over a year using quarters
posted on 12/09/2012 3:59:45 PM PST
(A half-truth is a complete lie)
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