Posted on 12/08/2012 10:32:31 AM PST by SeekAndFind
True.
And then ya die.
Better make plans for eternity now.
“Why Socialists Love Inflation”
http://www.youtube.com/watch?v=-pGiMEcsnNc&feature=player_embedded
But nothing surprises me anymore.
We already have the dollar coins. They’re filling up sites like the end of “Raiders of the Lost Ark”. Nobody uses them, so there they sit. Another expensive .gov brainstorm.
If only I had known!
The only reason why Liberals don’t care about the debt is that they have every intent of having the US walk away from paying. They are just trying every trick in the book to increase the debt in the meantime.
wampum gagnon style.
we are doomed.
t
Silly plebian! Don’t you know that Chairman Obama is above the law?
Prior to Obama, which US president was the most imperial and authoritarian? (This is not a trick question. I’m truly interested.)
Lincoln and Jackson come to mind for me.
LMAO!
Or, intentionally starve or murder a large proportion of their own citizens to fix the issue.
Or wait for war to do it for them.
Why don’t we just make the ten dollar bill “go to eleven”?
Congress (NOT the President, and NOT the Department of the Treasury, Bureau of the Mint) has the exclusive power "to coin money, and regulate the value thereof".
It would be perfectly constitutional for Congress to authorize by statute a 1 ounce platinum coin with a face value of one trillion dollars.
Of course, they would thereby create a few problems. But it's not illegal, it's not unconstitutional, and it would increase the money supply by however many coins were minted, without raising the debt ceiling.
Not at all.
Congress has the power (and the duty) to "coin money, and regulate the value thereof".
Congress set the price of gold from 1792-1971 and set the price of silver from 1795-1964, and there was nothing fraudulent about THAT.
Congress has the power to mint platinum coins and set the value at USD one trillion/ounce. In fact, they have the power to pay off the national debt that way.
Since I presume they would not allow free coinage (i.e., they wouldn't pay YOU UDS one trillion/oz), it might be a hard sell to our foreign friends, but the notes we use to pay them now are essentially without value other than that decreed by Congress.
The "money question" is rising from the grave. Can YOU define "money"? Can you define "dollar"?
This could work.
Actually, from what I can tell, a lot of economists are really that insane.
They are the sort that say the national debt is no big deal because “we owe it ourselves” and that taxing the rich to redistribute to the poor is good because they’ll spend the money and “get the economy going.”
They are, to put it mildly, very detached from reality...
That’s a great idea. We’ll just retool the soda machines to accept them and add a bunch of zeroes to our money and pay all our creditors back with an even trillion dollar coin. We could have the national debt payed off by the Fourth of July!
I hope they put Obama’s picture on it !
(sometimes you just got to laugh or you’d cry)
That coin might tear a hole in my trousers, unless we attach it to The Hitting Stick.
How is it any different than what we are doing now?
Doesn’t the Federal reserve buy the bonds that the treasury is selling with money created out of thin air?
No doubt, and perhaps you would say Congress has been doing that— but it has not. The Federal Reserves is “minting” or “coining” our “money” in electronic blips and at their all knowing whims.
The coin could be composed of ANYTHING. But they wouldn’t do it out of anything for the fact there is no value in say a wooden nickel. So instead some genius thinks, platinum, and would have to establish a value for the quantity of metal in it. Since the metal is a traded commodity, the “coinage” would be suitably meaningless. This is overall a foolish exercise, just as returning to a “gold standard” would be, because once again all the gold in the world that has been refined would fit in a cube 60 meters on a side.
The answer is to control the size of government— top to bottom audit— stringent thorough and complete. And then walk through each section of it— cutting away the vast waste that our govt. is.
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