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July, 2025

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Trillion Dollar Coin

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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...
13 years ago
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uosdwiSrjewoH
Posts: 4220 - Karma: 122
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13 years ago
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theabortionator
Posts: 52783 - Karma: 175,261
Now this shit's on NS?


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


:(
13 years ago
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Flozz
Posts: 144 - Karma: 13
Throw it into a vending machine?
13 years ago
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IanAvery-Leaf
Posts: 9939 - Karma: 9,505
um k?
13 years ago
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CliffyByro
Posts: 5678 - Karma: 3,906
kids these days
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
it would be the size of a 747
13 years ago
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hellomynameisjef
Posts: 5794 - Karma: 167
how could making a trillion dollar coin ever be the answer to the deficit?

it worked in zimbabwe....

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13 years ago
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CliffyByro
Posts: 5678 - Karma: 3,906
hahahaha so how could someone steal it?
13 years ago
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accualyisdolan
Posts: 3295 - Karma: -192
Robert Mugabe is an analogy to black people's financial tendencies
13 years ago
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Ender
Posts: 2348 - Karma: 112
What in the fucking fuck are you talking about
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
large flatbed truck?
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
watch the news
13 years ago
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Dragonite.
Posts: 1657 - Karma: 431
wat
13 years ago
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DANETRON
Posts: 6671 - Karma: 137
Ns is the worst place for news haha
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
you're right ElGato i messed up
13 years ago
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Spinoza
Posts: 12763 - Karma: 3,847
so. many. gatorades.
13 years ago
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theabortionator
Posts: 52783 - Karma: 175,261
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.


13 years ago
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theabortionator
Posts: 52783 - Karma: 175,261
They could probably fit it on one of these

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/nominated
13 years ago
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accualyisdolan
Posts: 3295 - Karma: -192
Bam
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
Did I not say I didn't care.
13 years ago
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lee_aviator
Posts: 213 - Karma: 39
I was simply wondering what a criminal would do with a platinum coin the size of an airplane
13 years ago
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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.
13 years ago
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theabortionator
Posts: 52783 - Karma: 175,261
We can't afford to make things out of gold anymore.
13 years ago
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Abu_Hajaar
Posts: 2751 - Karma: 3,908
A platinum butt plug works well too.
13 years ago
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fujarome
Posts: 8630 - Karma: 1,561
terrific reference. well done!
13 years ago
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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.
13 years ago
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Miomo
Posts: 4302 - Karma: 14,137
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.
13 years ago
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Poikenz
Posts: 1607 - Karma: 4,923
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.
13 years ago
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theabortionator
Posts: 52783 - Karma: 175,261
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
13 years ago
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volvotom
Posts: 2045 - Karma: 712
I am going to go out on a limb here, did you support Ron Paul?
13 years ago
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TACO-DOG.exe
Posts: 11990 - Karma: 12,273
throw it at a stripper?
13 years ago
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NinetyFour
Posts: 8650 - Karma: 13,410
While listening to Steve Miller.
13 years ago
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act.resist
Posts: 8875 - Karma: 514
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?
13 years ago
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hellomynameisjef
Posts: 5794 - Karma: 167
amazing
13 years ago
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Loco-Deer-Slayer
Posts: 1401 - Karma: 701
yeah...ummm

the guy you quoted was being sarcastic
13 years ago
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LIL_WAT
Posts: 1900 - Karma: 475
Except Paul Krugman (LOL)...

13 years ago
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Stickity
Posts: 7750 - Karma: 769
.
13 years ago
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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/

13 years ago
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