A TWO Trillion Dollar Coin!
Posted on 01/08/2013 4:42:05 PM PST by Kaslin
That would be a BIG COIN!
I propose the image on the tail side of this coin be a turtle on a stump displayed proudly in front of the US Capitol. Could be the new national symbol. All in favor say aye. /S
Let’s take it to its logical but absurd conclusion. Please sign and promote the White House Petition-
“Produce a Trillion Dollar Coin for Every U.S. Citizen for the Purpose of Paying Taxes”
“Activities and services pledged by the U.S. government exceed the ability to pay based on current tax revenue. The budget deficit is added to the national debt, and federal taxes are used in part to pay for the debt and interest.
“Trillion dollar” coins are being considered to pay the national debt, however, we petition the U.S. Government to mint an adequate quantity of “trillion dollar” coins to pay off the national debt, and enough additional coins to provide one for each citizen of the United States.
These coins can only be used to pay federal, state, and miscellaneous taxes for the lifetime of the recipient. Residual funds from each coin will be available to heirs of the recipients, and will be exempt from inheritance tax.”
DO IT!!! Something needs to crash us before all the middle aged and older folk pass and leave generations of government product consumer units...
As Platinum is going for $1573.50 an ounce I am wondering how big these coins will have to be?From what I can find ...
(1 trillion / 1,573.50 dollars per oz) / 16 oz per lb / 2000 lbs per ton = 19,860 tons
They could take care of a huge part of our deficit and debt with it. Just take it to Herberger’s, buy a toaster for the treasury department, pay for it with the coin and get change. What could be better?
Sounds like a plan! I can retire and live rich!
After jack-hole has finished up his second and final term — and yes, it will be his final term, and will be the final term and office for anyone who votes to repeal POTUS term limits — job one isn’t to repeal Obamacare, job one is to send troops if necessary to pry open the Hawaiian records to see what’s in there. If there’s no record of Zero’s birth, EVERYTHING he “signed into law” (unless passed by veto-proof majorities) will become null and void. Uh-oh, gotta ping null and void now, before someone else does.
How stupid are people that they think that because someone "says" this is a trillion dollar coin, that it "happens" to be worth that?
Anyone who takes this seriously should be bopped on the head with a 2x4.
Too bad there are not enough planks on earth.
A TWO Trillion Dollar Coin!
Excellent observation, Maceman
They should use paper money - like this
****** “As Platinum is going for $1573.50 an ounce I am wondering how big these coins will have to be?”
“(1 trillion / 1,573.50 dollars per oz) / 16 oz per lb / 2000 lbs per ton = 19,860 tons”
Since we have only mined / collected 16 Tons of Platinum in the history of mankind lets continue the Math lesson 19,860 tons of Platinum at current market Value is about 317,760 times per coin than we now have... so if our debt is let’s say 20 Trillion (20 Coins) 317,760 x 20 = 6,355,200 times more Platinum that we have ever mined or ever had ... I’m all for calling the Aliens to bail us out on this one.
TT
Now I wish I knew how to post the Alien Guy picture
Sorry plus or minus 16 Tons ...
(Math was never my thing)
So the coins would be huge. Like those Yap “stone coins”.
http://media.npr.org/assets/img/2010/12/10/yap-0a3d578734df1a9e72f4e473c6d7b49549c0d70d-s6-c10.jpg
“As Platinum is going for $1573.50 an ounce I am wondering how big these coins will have to be?”
1 ounce (or less). No one is saying the coin will be WORTH a trillion, just that its face value will be a trillion.
This is money printing, not minting a coin that’s really worth a trillion in today’s dollars. Effectively that lying skidmark Paul Krugman is advising that we add about nine zeros onto our currency in order to settle our debts, following the lead of other failed nations like the Weimar Republic and modern-day Zimbabwe.
This is effectively the same as changing the face value of the penny to about $6,500,000.
*****”So the coins would be huge. Like those Yap “stone coins”*****
Yap “Stone Coins” about the size of a Formation of Aircraft Carriers
(Imaginary Coins because there wouldn’t be enough Platinum on Earth to even paint them with)
TT
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