To: shove_it
With the Fed’s quantitative easings and Obama’s Marxist policies we may soon need 100 trillion dollar coins or bills to buy a loaf of bread just like in Zimbabwe.
To: The Great RJ
That some serious seigniorage* right there...minting a coin containing perhaps a few thousand dollars worth of platinum, and denominating it as $1 trillion. Can't see how this wouldn't effectively end the U. S. dollar as a viable currency, however.
*the difference between the cost of the bullion plus minting expenses and the value as money of the pieces coined, constituting a source of government revenue.
20 posted on
01/04/2013 8:29:08 AM PST by
Milton Miteybad
(I am Jim Thompson. {Really.})
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