Posted on 01/07/2013 2:24:27 PM PST by ColdOne
Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown.
Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.
“This scheme to mint trillion dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren’t so serious about it as a solution,
(Excerpt) Read more at politico.com ...
Was looking forward to the $1000 loaf of bread.
“This scheme to mint trillion dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren’t so serious about it as a solution,”
Fine, make them out of Plutonium.
The question to ask, is, what effect does passage in the house of such a bill, and then Reed (sicK!) dropping it in the Senate. What effect does passage in the house/sinate and then the regime rejecting it do?
Does a bill such as this, when defeated, make it more plausible?
It is clearly laughable, but in a crisis moment, I would not put it past idiot morons from pulling off, no matter (or because of) its dire consequences.
does it also ban a $900 billion coin?
So, then they would mint a coin for one trillion and one dollars.
Exactly. We’re not up against reasonable people. Bills like this are idiotic, illustrative of our problem. They still think the regime is concerned about legislation.
Dim’s are like children that believe in the money faerie...
Or like a 13 year old girl with her father’s credit card...
ABSOLUTELY without a clue of how wealth is created, or by whom.
why not just use Obamaium?
As long as we’re making money out of thin air, might as well conjure up some new elements...
Obamaium
Micheleium
Screwdium
You are pretty much correct. The bill will never get out of the Senate.
Wait just a doggone second here. I was looking forward to my next raise taking me up to $10,000,000 per year.
Knowing how our government makes decisions, they'll probably make it like the Susan B. Anthony dollar so that people will mistake it for a quarter.
Imagine paying 1 trillion dollars by mistake for a Snickers bar?
-PJ
What if they misprint the coin, say, stamp it twice so it has a double image?
Would that make the $1 trillion coin worth $10 trillion to coin collectors?
-PJ
.... Just wondering how this “Trillion Dollar Coin” works? Would the current President take possession of the coin when/if he leaves office becoming the world first trillionaire? Or would it just become the property of the Democrat party for posterity sake.
Are they looking to Zimbabwe for tips on designing the coin?
I wonder what would happen to the price/oz of platinum (or gold, or silver) if they went through with this scheme?
I wonder if I should buy some platinum (or gold, or silver)?
“Mustn’t forget Unobtanium, the engineer’s universal material-of-choice for constructing anything, even fiat money.”
How would Unobtanium react with Dihydro-oxide? (Not sure of exact spelling). Should we fear an oxidation of the Unobtanium?
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