Skip to comments.World’s First “Trillionaire” Offers to Pay Down U.S. National Debt
Posted on 10/06/2013 11:04:19 AM PDT by SoFloFreeper
A restaurant manager from Tyler, Texas, briefly became the worlds first trillionaire earlier this weekuntil his $4 trillion bank balance was found to be an online glitch.
In an interview with KLTV, Reggie Theus said he would have used $3 trillion of his windfall to pay down the national debt.
(Excerpt) Read more at blog.heritage.org ...
Pretty nice of him, although that would only leave him $1 Trillion...and who could live on that?
Certainly not bam bam
Hell, if he had 4 trillion he’d already be paying close to 3 trillion to the govt anyway in taxes.
So, if they can do it why can't the govt.? Just reprogram the PC's and we're out of debt.
Very nice of him, he’s a generous guy.
He’s an enabler.
I knew I should have gotten into restaurant management.
if he did that he would be a national hero
Reggie is going to be in a world of crap when the IRS sends him a tax bill for more than a trillion dollars.
3 trillion is about how much 0bamugabe increases the debt every year so it wouldn’t solve the problem.
it wouldn’t solve it but it would help
Problem is Congress would also have seen it as a three trillion dollar windall and spent 7.
That’s a false headline. Quotation marks shouldn’t be used by journalists to convey irony or sarcasm.
Pretty soon - we’ll all be trillionaires.
With Fedzilla’s spending habits and no incentives to save - it’ll take $10,000 just to buy a loaf of bread.
Now add the fact that there are an additional 85 trillion in off the books liabilities for Social Security, Medicare, and other.
Now add in the fact that about half of the households are unable to support themselves.
We are way upside down and the first high wind that comes along will be a disaster.
Take it up with Heritage.
Where did he get three of those trillion dollar coins? Better not give Barry any ideas.
all the mint has to do is print up a sheet of trillion dollar bills and we’re all set.
i mean bernanke’s been doing this all along.
he could get a lot more bang for his buck if he spent $1Trillion on getting congress to elect all conservatives
a MEGA-PAC to help throw all democraps out- and balance the budget and gut the size of the GOVT and pay off some debt.
with a reserve fund to immediately recall any who turn out to be RINO’s
I hate when that happens
A trillion here, and a trillion there, and pretty soon you’re talking big money...
Given the way the government is printing money, I think there’s a good chance we all will be trillionaires in the future.
if he did that he would be a national hero
Nope. He’d be savaged for not giving it to charity. Unless he says he’s a democrat.
I can’t even remember when I had 4 trillion dollars.
We were so CLOSE!
BTW, what happened to that $1 trillion coin? We only need 17 of them to close the deficit!
I’ve never had more than $896,921,235,912.46 in my account.
How an international debt jubilee might be engineered.
Perhaps it wasn’t a glitch but a controlled software test. The government engineers a planned period of hyperinflation and then electronically “inflates” everyone’s bank accounts by a certain ratio while keeping old debts at old 2013 dollar levels. Everyone then can pay their old debts and the government institutes a special tax until the public debt is settled while everyone remains with lots of dollars in their accounts.
Sure prices are also very high but then steps are taken to withdraw “electronic” dollars from circulation and also shrink everyone’s bank accounts by a certain ratio but not to the previous levels before the “hyperinflation period” takes place. Prices will fall as there will be fewer dollars chasing goods though they will remain very high relative to the pre”hyper-inflation” period.
However, everyone one will either be millionaires or billionaires relative to what they had before the “hyperinflation” but there will be no more public and private debt...the economy will zoom. Steps are taken to harmonize with other nations who will undertake similar measures with their currencies and voila...even international debts between nations also..just vanish...poof!
The catch: Everyone has to be chipped and marked. Computers and careful regulation control industrial output and financial markets. Run afoul of the system and one is starved out and ostracized until behavioral compliance is again achieved (or one dies or is executed). No freedom as everyone must bow to the whims of those who control the system. All black markets are exposed and attempts to hack the system are squashed harshly with measures that include lethal methods and sentences.
Oh did I say that the ruling elite will be inherently fascist and ruthless. The only freedom anyone will have is to cut all electronic ties and go deep into harsh wilderness areas or regions that make it economically unfeasible to pursue a miscreant...the reasoning being that when you are hungry enough you will surface again....
$3 trillion.. almost enough for 1 yr of spending
The TX trillionaire may not have enough to live on, after a few more trillions of Fed Reserve ink-on-paper dollars are printed it will take a wheelbarrow of $100 bills to buy a loaf of bread. Worthless Reichmarks brought Hitler to power in Germany, now we have our own phoney-baloney money and our own Herr Hitler II.