Skip to comments.Trillion dollar coin
Posted on 01/12/2013 9:16:03 AM PST by GunsAndBibles
A coin with enough platinum at $1600 per ounce, to equal one trillion dollars, would have to weigh about 19,500 tons. I'd prefer to see it minted in WOOD so there would be no mistake about the true value.
I’ll give you a wooden nickel. Badda Bing
Apparently, there are other people who see through the smoke and mirrors also. Thanks.
But why stop at $1 trillion. If they are going to make 1, they might as well coin 30 of them, then they can pay off the debt, balance the budget, double the size of the military, cancel taxes for two years, send every household a $100k check, and we can all take a 6 month vacation. According to the Demolsheviks there is no down side. Rainbows and unicorns for everyone.
Yeah, I know, but I never got my Obama pony, so why should I start believing now?
Or they could “deem” sand dollars as money since the word “dollar” is already attached.
Colored shells worked for the Indians, aka: wampum.
Assuming the same production to cost ratio for producing a $ 100 Treasury note and its face value it could take only a few cents worth of platinum to produce a coin officially valued at a trillion dollars (in scientific notation a trillion is 1 x 10 to the 12th power). /sarcasm
BL - since when has any thing produced by the Federal Government been worth its official face value?
Might as well just add a few zeroes onto some Monopoly money and call it even. I’m sure China wouldn’t have a problem with us paying off our debt this way.
The world uses about $10B worth of crude oil (almost 90M bbl) every day, so $1T would be about 100 days of crude oil usage.
Which would China prefer: a $1T (face value) platinum coin, or the next 100 days of the world’s oil?
I’m trying to picture the coin purse.
A cubic foot of wood is about a buck, so a $1T wooden nickel should contain 1T cubic feet, by the wood standard. This would be a cube 10,000 feet (2 miles) on a side, or a coin 10 feet thick and 48 miles in diameter.
Exactly! A gigantic wooden nickel worth one trillion....16 should do the trick. Or, why not hire all the unemployed to collect aluminum pop tops off the roads and highways, melt em down, and make a giant aluminum coin worth 16 trillion?
That way we solve two problems, the debt crisis, and unemployment!
The Trillion dollar con.