Member of the Month

je_t.aime_canard
January, 2025

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

Trillion Dollar Coin

profile picture
lee_aviator
Posts: 213 - Karma: 39
rumors around channel 10 show the trillion dollar coin being the answer to the deficit. but i dont care about that. What if someone before being processed into the system, stole the coin...
Jan 8 2013 8:18PM
4 0
profile picture
uosdwiSrjewoH
Posts: 4220 - Karma: 122
Click for larger image
Jan 8 2013 8:20PM
0 0
profile picture
theabortionator
Posts: 52150 - Karma: 168,521
Now this shit's on NS?


Fuck....................


:(
Jan 8 2013 8:20PM
0 0
profile picture
Flozz
Posts: 144 - Karma: 13
Throw it into a vending machine?
Jan 8 2013 8:20PM
0 0
profile picture
IanAvery-Leaf
Posts: 9933 - Karma: 9,432
um k?
Jan 8 2013 8:20PM
0 0
profile picture
CliffyByro
Posts: 5678 - Karma: 3,903
kids these days
Jan 8 2013 8:21PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
it would be the size of a 747
Jan 8 2013 8:21PM
0 0
profile picture
hellomynameisjef
Posts: 5794 - Karma: 167
how could making a trillion dollar coin ever be the answer to the deficit?

it worked in zimbabwe....

Click for larger image
Jan 8 2013 8:21PM
0 0
profile picture
CliffyByro
Posts: 5678 - Karma: 3,903
hahahaha so how could someone steal it?
Jan 8 2013 8:22PM
0 0
profile picture
accualyisdolan
Posts: 3295 - Karma: -192
Robert Mugabe is an analogy to black people's financial tendencies
Jan 8 2013 8:26PM
0 0
profile picture
Ender
Posts: 2348 - Karma: 112
What in the fucking fuck are you talking about
Jan 8 2013 8:26PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
large flatbed truck?
Jan 8 2013 8:27PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
watch the news
Jan 8 2013 8:28PM
0 0
profile picture
Dragonite.
Posts: 1657 - Karma: 431
wat
Jan 8 2013 8:30PM
0 0
profile picture
DANETRON
Posts: 6671 - Karma: 137
Ns is the worst place for news haha
Jan 8 2013 8:31PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
you're right ElGato i messed up
Jan 8 2013 8:32PM
0 0
profile picture
Spinoza
Posts: 12763 - Karma: 3,846
so. many. gatorades.
Jan 8 2013 8:32PM
0 0
profile picture
theabortionator
Posts: 52150 - Karma: 168,521
Well bill nye could probably explain it.


The kid actually believes that printing money is good for the economy. Also that we would have been in a worse spot if old and silver were still money. Also that our economy is doing pretty darn well.


He'll probably do well in economics classes since they breed that kind of brilliance.


Jan 8 2013 8:34PM
0 0
profile picture
theabortionator
Posts: 52150 - Karma: 168,521
They could probably fit it on one of these

Click for larger image

/nominated
Jan 8 2013 8:38PM
0 0
profile picture
accualyisdolan
Posts: 3295 - Karma: -192
Bam
Jan 8 2013 8:39PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
Did I not say I didn't care.
Jan 8 2013 8:51PM
0 0
profile picture
lee_aviator
Posts: 213 - Karma: 39
I was simply wondering what a criminal would do with a platinum coin the size of an airplane
Jan 8 2013 8:56PM
0 0
profile picture
Abu_Hajaar
Posts: 2751 - Karma: 3,908
Why don't they instead make a massive gold plated butt plug and sell it to giant aliens (trust me they exist) for their anal pleasure.
Jan 8 2013 8:56PM
0 0
profile picture
theabortionator
Posts: 52150 - Karma: 168,521
We can't afford to make things out of gold anymore.
Jan 8 2013 8:58PM
0 0
profile picture
Abu_Hajaar
Posts: 2751 - Karma: 3,908
A platinum butt plug works well too.
Jan 8 2013 9:00PM
0 0
profile picture
fujarome
Posts: 8630 - Karma: 1,561
terrific reference. well done!
Jan 8 2013 9:10PM
0 0
profile picture
Olimar
Posts: 3537 - Karma: 4,077
actually it wouldn't. They don't need 1 trillion dollars of platinum to make a trillion dollar coin. legislation passed in the 90's stated that the treasury can print a coin made out of a little bit of platinum and stamp what ever amount they want onto it.
Jan 8 2013 9:55PM
0 0
profile picture
Miomo
Posts: 4302 - Karma: 14,135
Pretty much impossible. Either the US would need to buy a trillion dollars in gold to back it up with, or our current gold would need to be split into basically a trillion more parts, causing the value of a dollar to be essentially nothing.
Jan 8 2013 9:57PM
0 0
profile picture
Poikenz
Posts: 1496 - Karma: 3,888
I don't think that could happen, I mean what is this history/ 1920's Germany thing everyone keeps talking about? Sounds like BS to me I say go for it.
Jan 8 2013 10:03PM
0 0
profile picture
theabortionator
Posts: 52150 - Karma: 168,521
You don't think the dollar could be worth nothing? Maybe I misread that. Idk. If not, wake up buddy.

Ever notice how everything costs more than it used to? Milk, houses, cars, candy bars.


Every counterfeit "dollar" the federal reserve prints out makes every other USD worth less. We're going to get raped by inflation. It's kind of ridiculous that we allowed it to happen, and that people are too stupid to notice.


I mean great idea. Let's give a private banking cartel full of unelected people, control of our nations money supply. That's a brilliant idea. Then the news talks about how the feds going to try and do this or that to save us, lol. Fuck the fed. The fed is raping our economy.

The fact that we continually vote for presidents that keep up this ridiculous deficit spending. I guess it's not shocking since millions of Americans do the same thing. We buy all the shit we don't need/ can't afford on credit cards. I guess we think nothing of it when the government does the same thing.

Fuck stupid people. Way to go and break America. How great a country will we be when we're all broke personally and our country is even more broke.

The fact that the debates mention how the economy is the most important thing sometimes makes me WUT/Rage. If the economy was really important to people they wouldn't be putting up with half the shit that's going on.


Stupid people broke America.

/rant
Jan 8 2013 10:34PM
0 0
profile picture
volvotom
Posts: 2045 - Karma: 712
I am going to go out on a limb here, did you support Ron Paul?
Jan 9 2013 12:51AM
0 0
profile picture
TACO-DOG.exe
Posts: 11989 - Karma: 12,265
throw it at a stripper?
Jan 9 2013 12:55AM
0 0
profile picture
NinetyFour
Posts: 8650 - Karma: 13,410
While listening to Steve Miller.
Jan 9 2013 12:59AM
0 0
profile picture
act.resist
Posts: 8875 - Karma: 513
why would it matter if they stole the coin, you can't just walk into 7/11 and be like, i want a pack of marlboros and this arizona ice tea. but can you break my trillion dollar coin?
Jan 9 2013 1:00AM
0 0
profile picture
hellomynameisjef
Posts: 5794 - Karma: 167
amazing
Jan 9 2013 2:12AM
0 0
profile picture
Loco-Deer-Slayer
Posts: 1401 - Karma: 701
yeah...ummm

the guy you quoted was being sarcastic
Jan 9 2013 2:21AM
0 0
profile picture
LIL_WAT
Posts: 1900 - Karma: 475
Except Paul Krugman (LOL)...

Jan 9 2013 2:26AM
0 0
profile picture
Stickity
Posts: 7750 - Karma: 769
.
Jan 9 2013 2:35AM
0 0
profile picture
volvotom
Posts: 2045 - Karma: 712
Just as crazy an idea as defaulting on the debt, maybe not.

"Nobody wants to use platinum coins to eliminate the debt. As Paul Krugman points out, there's a limit to how much seigniorage a government can extract before hyperinflation sets in, and that's certainly far less than $1 trillion, let alone $16 trillion. The trillion-dollar coin is just a technical fix to the technical problem of the debt ceiling. Remember, not lifting the debt ceiling doesn't prevent borrowing for new spending. It prevents borrowing for spending Congress has already appropriated. The Treasury can get around this by minting the trillion dollar coin, depositing it at the Fed, and paying the bills we've previously promised to pay -- and nothing more. It's about not defaulting on our debts, rather than paying them down."

The full in-depth explanation of the entire idea is here: http://www.theatlantic.com/business/archive/2013/01/everything-you-need-to-know-about-the-crazy-plan-to-save-the-economy-with-a-trillion-dollar-coin/266839/

Jan 9 2013 3:00AM
0 0
All times are Eastern (-5)