Armed Polite Society

Main Forums => Politics => Topic started by: HankB on October 06, 2021, 10:15:23 AM

Title: Coin Collectors Attention!
Post by: HankB on October 06, 2021, 10:15:23 AM

The U.S. Treasury may mint a TRILLION DOLLAR COIN soon . . . as a way to deal with overspending & debt limits.   :facepalm:

https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html

(https://images.axios.com/YOF4BvNjM06906e4lhBBS6At2do=/0x0:1920x1080/1920x1080/2021/10/05/1633434245808.jpg)

At least the coin will be platinum, instead of worthless paper::

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fcdn.shopify.com%2Fs%2Ffiles%2F1%2F0251%2F2392%2Fproducts%2Fzimbabwe-banknotes-100-trillion-dollars-front.jpeg%3Fv%3D1378484099&f=1&nofb=1)

Title: Re: Coin Collectors Attention!
Post by: Jim147 on October 06, 2021, 10:42:45 AM

Can't wait until that is what a loaf of bread costs.

Title: Re: Coin Collectors Attention!
Post by: WLJ on October 06, 2021, 10:58:29 AM

Quote from: Jim147 on October 06, 2021, 10:42:45 AM

Can't wait until that is what a loaf of bread costs.

Bread will cost zero dollars

Title: Re: Coin Collectors Attention!
Post by: charby on October 06, 2021, 11:04:10 AM

Quote from: WLJ on October 06, 2021, 10:58:29 AM

Bread will cost zero dollars

$6 in 1972

(https://i.ebayimg.com/images/g/sCkAAOSwQEFgvncc/s-l1600.jpg)

Title: Re: Coin Collectors Attention!
Post by: lee n. field on October 06, 2021, 11:13:03 AM

Quote from: HankB on October 06, 2021, 10:15:23 AM

The U.S. Treasury may mint a TRILLION DOLLAR COIN soon . . . as a way to deal with overspending & debt limits.   :facepalm:

https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html

I do remember that being a theme in one Simpson's episode.

Title: Re: Coin Collectors Attention!
Post by: RoadKingLarry on October 06, 2021, 11:16:33 AM

Quote from: HankB on October 06, 2021, 10:15:23 AM

The U.S. Treasury may mint a TRILLION DOLLAR COIN soon . . . as a way to deal with overspending & debt limits.   :facepalm:

https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html

(https://images.axios.com/YOF4BvNjM06906e4lhBBS6At2do=/0x0:1920x1080/1920x1080/2021/10/05/1633434245808.jpg)

At least the coin will be platinum, instead of worthless paper::

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fcdn.shopify.com%2Fs%2Ffiles%2F1%2F0251%2F2392%2Fproducts%2Fzimbabwe-banknotes-100-trillion-dollars-front.jpeg%3Fv%3D1378484099&f=1&nofb=1)

The paper is never "worthless". It can always be used to wipe your ass.

Title: Re: Coin Collectors Attention!
Post by: Devonai on October 06, 2021, 07:53:59 PM

You can also put the coin up your butt and enjoy the cool, room-temperature sensation for a minute or so.

Title: Re: Coin Collectors Attention!
Post by: Fly320s on October 06, 2021, 08:20:53 PM

Can someone explain this?

Quote

"Voila, we'd have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation," says Diehl.

How can the US mint print more money, a trillion dollar coin in this case, to raise the debt ceiling without affecting inflation? 

Title: Re: Coin Collectors Attention!
Post by: MechAg94 on October 06, 2021, 08:44:36 PM

Is this sort of a Babylon Bee site? 

The only application I can think of is to print several of these and send them to China zero our debt to them.  Then turn around and tell all our banks they can't accept it as legal tender.  Never happen.