Trillion dollar coin

[Ricekila]

Trillion dollar coin --- I wonder whos face will be on it

I found one --

http://3.bp.blogspot.com/-WlEnH_SudR...obama+face.png

http://cdn.hahajk.com/uploads/2011/0...in-300x184.jpg

http://api.app.theweek.com/sites/app...1_TP.Coin_.jpg

[SSGNasty]

Originally Posted by NotARoleModel

That's only the FOREIGN holders of our debt. You showed about $3 TRILLION ... the total is $16 TRILLION.

WHO holds the rest of it?

Google deeper.

The site I linked showed all of it. Feel free to read.

Like a coin is going to do anything. Pull the plug and bring everybody home. Have we even been paid back any interest on what we have loaned to other countries?
________________
"FIRE IN THE HOLE"

[txflyboy]

Originally Posted by Ricekila

Trillion dollar coin --- I wonder whos face will be on it

I found one --

http://3.bp.blogspot.com/-WlEnH_SudR...obama+face.png

http://cdn.hahajk.com/uploads/2011/0...in-300x184.jpg

http://api.app.theweek.com/sites/app...1_TP.Coin_.jpg

Colbert said they should put the Charmin bear on the coin, because when you pull an idea like that out of your ass, you're going to need something soft.

[fx77]

Where they going to get a trillion dollars worth of platinum?
1575$/ounce??
Or do they take a coin and back it with paper and SAY that it is worth a trillion ??
What a crock .....

[NotARoleModel]

Originally Posted by SSGNasty

The site I linked showed all of it. Feel free to read.

Like a coin is going to do anything. Pull the plug and bring everybody home. Have we even been paid back any interest on what we have loaned to other countries?
________________
"FIRE IN THE HOLE"

I'm quite aware of who owns the debt ... which is why I wonder why folks worry about China who owns 1/16 which is a pittance.

[SSGNasty]

Originally Posted by NotARoleModel

I'm quite aware of who owns the debt ... which is why I wonder why folks worry about China who owns 1/16 which is a pittance.

No worries about China or Russia or Japan - mint the coins, toss them on the floor of the UN as it is being towed out to sea.
________________
"FIRE IN THE HOLE"

[NotARoleModel]

Originally Posted by SSGNasty

No worries about China or Russia or Japan - mint the coins, toss them on the floor of the UN as it is being towed out to sea.
________________
"FIRE IN THE HOLE"

So no answer yet?

[RedWoods]

I hope they make a lot of them and hand them out instead of EBT cards,welfare,unemployment checks etc. The govt says this stuff helps the economy so trillion dollar coins in everyones pockets should make us a prosperous country again,right? Debt gone and everyone wealthy beyond their dreams,what a deal.

They can add a bit of base metal to the platinum to extend coin life & keep the coin machines busy. I'm sure the regime has even more absurd and creative measures in mind. Budgets and spending restrictions aren't part of the change promised.

Red

[Melting]

Originally Posted by RedWoods

I hope they make a lot of them and hand them out instead of EBT cards,welfare,unemployment checks etc. The govt says this stuff helps the economy so trillion dollar coins in everyones pockets should make us a prosperous country again,right? Debt gone and everyone wealthy beyond their dreams,what a deal.

They can add a bit of base metal to the platinum to extend coin life & keep the coin machines busy. I'm sure the regime has even more absurd and creative measures in mind. Budgets and spending restrictions aren't part of the change promised.

Red

Perfect, send one to everyone in the u.s., then next april 15th, that 42% fedral tax comes rolling in, debt paid off , deficet solved, and no one needs wellfare cause we are all billionaires.

This is the best idea ever!

I am grabbing the visa and heading to the strip club woohoo!!!

[mrdeegs]

Originally Posted by NotARoleModel

So no answer yet?

i'll buzz in

we, the people. at over 11 trillion dollars thanks to the Social Security coffers, are the largest single debt owner, foreign or domestic.

easy piezy

[NotARoleModel]

Originally Posted by mrdeegs

i'll buzz in

we, the people. at over 11 trillion dollars thanks to the Social Security coffers, are the largest single debt owner, foreign or domestic.

easy piezy

Yet folks still worry about "China" owning us.

[Boredom]

Originally Posted by bayez

That's the craziest thing I've heard in a long time,A trillion $ coin...Hail,it'd have to be as big as a manhole cover...They'd get better results payin with Chucky Cheese tokens...I have No Doubt they wouldn't try though...

To be worth its denomination, made of platinum, it would need to be the size of a 747.

[Moccasin]

It's a gimmick. A ploy, to let the Republicans know there are ways around them if they refuse to rise the debt ceiling and pay their bills. It's like talking about the 14th Amendment: An option that MIGHT work, but the consequences would be severe...

RE Dok: I hope he keeps posting. Intelligent contratians who shake up people are good to have.

Originally Posted by fx77

Where they going to get a trillion dollars worth of platinum?
1575$/ounce??
Or do they take a coin and back it with paper and SAY that it is worth a trillion ??
What a crock .....

Federal Reserve notes are backed by nothing but the full faith and credit of the U.S. government, and yet people are willing to accept them as money...

[Sigma]

WSJ reports that the Treasury won't mint the coins. Wow, someone came up with some common sense.

[Don H]

Originally Posted by Ricekila

Trillion dollar coin --- I wonder whos face will be on it

I found one --

http://3.bp.blogspot.com/-WlEnH_SudR...obama+face.png

http://cdn.hahajk.com/uploads/2011/0...in-300x184.jpg

http://api.app.theweek.com/sites/app...1_TP.Coin_.jpg

That first one is chocolate filled

[POPPALUV]

The Colbert Report: 1/7/13 in :60 Seconds -...

I had to explain to an 19 year old black co-worker, after he explained to me that Obama had "fixed" the "money we owe to people-problem" by making a trillion $$ coin-in silver and his image, and that would make sue no taxes were therefore needed.

I walked away...

[txflyboy]

Originally Posted by POPPALUV

The Colbert Report: 1/7/13 in :60 Seconds - YouTube

I had to explain to an 19 year old black co-worker, after he explained to me that Obama had "fixed" the "money we owe to people-problem" by making a trillion $$ coin-in silver and his image, and that would make sue no taxes were therefore needed.

I walked away...

Our hope for a recovery and a strong America is lost.

We've raised two generations now that can't tie their own shoelaces, and cannot make change without a tele-prompter.

I hate to say it, but the average American is dumber than a box of rocks.

[sierra skier]

I agree with you on the abilities of the younger generations to do much of true worth, in many cases they can't even prepare hearty meals because they have always eaten out or fast food.

I am blessed my son has developed the use of common sense and uses it. Even in his mid twenties he has much to learn yet.

I started him on silver this Christmas and his birthday next month will see more silver to keep his interest. He had a solid interest in firearms and ammo and hunting as well.

Yes he handles money well and makes change just fine.

[Yonco]

I can see the next youtube video now, A guy trying to sell his trillion dollar coin on a street corner in California. He was trying to sell it for "half price" and noone even bit! And then some Dbags will post about it online and make fun of the sheeple because noone jumped on it for 500 mil. -Jon

[cchardwick]

I thought that this was just silliness until I read that Obama posed for the photo on the trillion dollar coin and he posed all week long for it. Now I'm really worried.

http://www.newyorker.com/online/blog...-for-coin.html