Skip to comments.
Can a $1 Trillion Coin End Debt Ceiling Crisis?
Yahoo Finance ^
| 01/04/2013
| Charles Riley
Posted on 01/04/2013 12:51:00 PM PST by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-28 next last
To: SeekAndFind
Can Uncle Joe throw a football over that mountain?
2
posted on
01/04/2013 12:55:16 PM PST
by
TurboZamboni
(Looting the future to bribe the present)
To: SeekAndFind
With a trillion-dollar coin in your pocket, you could drink for free the rest of your life*. “Sorry, all I’ve got is this trillion-dollar coin. Can you break a trillion?”
*Or until Zimbabwe-style inflation takes hold.
To: SeekAndFind
These are just as good. These are IOUs.
Lloyd, "Dumb and Dumber"
4
posted on
01/04/2013 1:12:26 PM PST
by
Tzimisce
(The American Revolution began when the British attempted to disarm the Colonists.)
To: SeekAndFind
at current prices of 1550/oz. the coin would weigh 322 tons.
Problem is there is no where near that amount in the entire world.
To: SeekAndFind
How about a Powerball Jackpot worth $1,000,000,000,000? Sell 2,000 tickets for a billion bucks a ticket. Makes as much sense.
6
posted on
01/04/2013 1:19:36 PM PST
by
Huskrrrr
To: buffaloguy
It’s a coin made of platinum with the words “one trillion dollars” on it. Not a coin made from $1 million worth of platinum.
To: SeekAndFind
They just need to print one of these in US Currency. Problem Solved!
To: SoothingDave
Precisely. A $1 Sacajawea coin has nowhere near a dollar’s worth of copper and nickel in it.
To: SoothingDave
Its a coin made of platinum with the words one trillion dollars on it. Not a coin made from $1 million worth of platinum.
Then why not mint a one million dollar coin out of copper?
It would be cheaper...
10
posted on
01/04/2013 1:27:10 PM PST
by
GraceG
To: SeekAndFind
Treasury, which runs the government’s debt-issuance operation, is busy creating about $200 billion of headroom by employing what it calls “extraordinary measures.” That should cover about two months’ worth of borrowing.
So in other words, someone in Treasury is “reducing” spending by 200 billion?
“Fire up the ovens, boys, we got some cookin’ to do!!”
To: SeekAndFind
They fact some people are seriously contemplating this “option” scares the living crap outta me...
12
posted on
01/04/2013 1:29:10 PM PST
by
GraceG
To: SeekAndFind
Why not invent a coin with a built in counter that changed the number for the value of the coin automatically. It could start out a a 2 cent coin and a few years obama would make it worth $1Billion. A loaf of bread could cost lets say $400Billlion and a drink of water to wash it down might cost $100M.
13
posted on
01/04/2013 1:31:57 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: freedomlover
Excuse me, but what is the difference between a one trillion dollar coin and a trillion one dollar bills?
debt is debt.
To: SeekAndFind
Only if it's the size of a Yap coin......................
15
posted on
01/04/2013 1:34:18 PM PST
by
Red Badger
(Lincoln freed the slaves. Obama just got them ALL back......................)
To: Disambiguator
Exactly! Geeze... just make it a bazillion dollar coin and do away with taxes for eternity. I mean, we’ll all be trillionaires!
Glad we had a chance to point this out. What a bunch of dummies.
16
posted on
01/04/2013 1:35:10 PM PST
by
Lee'sGhost
(Johnny Rico picked the wrong girl!)
To: SeekAndFind
What kind of ludicrous, pie-in-the-sky third world voodoo does it take to believe that inventing a gazillion dollar coin that does not even remotely come close to containing that much platinum is going to do anything at all?
Seriously, what is declaring this thing as being worth this or that supposed to do? Are we going to borrow against pretend equity to create pretend money now?
What?
To: SeekAndFind
How many $ Trillions have we already ‘minted’ through QE and other means?
What the author suggests in jest is our current fiscal policy.
18
posted on
01/04/2013 1:47:32 PM PST
by
LucianOfSamasota
(Tanstaafl - its not just for breakfast anymore...)
To: Disambiguator
I have five of those Zimbabwe bills in mint condition in my drawer. I bought them on Ebay for about six dollars, which was many times more than they are actually worth, but I splurged.
I also bought Saddam money on Ebay.
19
posted on
01/04/2013 1:55:19 PM PST
by
dead
(I've got my eye out for Mullah Omar.)
To: SeekAndFind
I wonder how much Obama is going to get knocked off the National dept by selling off California to the ChiComms.
Navigation: use the links below to view more comments.
first 1-20, 21-28 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson