Yep. Those guys think big:
Posted on 12/03/2013 9:45:54 AM PST by Para-Ord.45
Fans of economic policy may recall that during one of the many recent debt ceiling showdowns, the idea to mint a trillion-dollar platinum coin came to the fore. It turns out that the Obama administration took the idea seriously enough to have the Justice Department’s Office of Legal Counsel draft memos pertaining to its legality, a fact belied by the White House’s out-of-hand dismissal of the option in January.
In response to the Huffington Post’s Freedom of Information Act request, the OLC confirmed that memos about the legality of minting a high-value platinum coin had been written since Obama took office, but declared them “not appropriate for discretionary release.” HuffPost filed the FOIA request during this fall’s debt ceiling battle.
(Excerpt) Read more at mediaite.com ...
Aside from the value of the platinum in the coin, the trillion dollar coin would be worth about as much as the trillion dollar paper bank notes issued by Zimbabwe.
The lunacy is carried through with the idea of using platinum. Like that makes it comparably worth something.
Better to just use aluminum or better yet a dog turd.
Yep. Those guys think big:
In my mind I pictured the coins being that large since it matches the ridiculousness of the idea itself.
More convenient than a wheelbarrow, especially when heading to the ER for stitches.
what comes after a trillion?, because Zimbabwe printed some of those and never released them.
“...collapse the fiat paper currency system...”
That’s part of his plan.
I think what we just witnessed with the Nuclear Option proves that they will stop at NOTHING to complete their agenda.
It’s so true,, get rid of physical money and you control everyone and everything.. Well,, that’s the theory anyway.
Remember the scene from the Graduate.. The future is in.. Plastic ..uhhh EBT cards..
Talk about ‘swiping’ the herd blind..
I think it would be BETTER if the government printed the money themselves. Printing money debases the currency, no matter who prints it (US Treasury or the Federal Reserve), but if we cut out the Fed we would at least not have additional debt and interest due. What am I missing?
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