Free Republic
Browse · Search
News/Activism
Topics · Post Article

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.


7 posted on 01/04/2013 8:10:51 AM PST by The Great RJ
[ Post Reply | Private Reply | To 1 | View Replies ]


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.})
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson