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Treasury Secretary: To avert a default on America’s debts, a Trillion-Dollar Coin could be Minted within hours of an Emergency Decision

Treasury Secretary: To avert a default on America’s debts, a Trillion-Dollar Coin could be Minted within hours of an Emergency Decision



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49 Comments

  1. 😆

    Man these laws are so stupid and made up.

    Oh the coin must be platinum

    It would then be flown by helicopter to the fed

    Like really dude

    Just admit it, you are broke

    The system is a joke

    We are all frayed under the yoke

    We can no longer slave away while the elites continue to toke

  2. And with that one single coin they could buy up all the bitcoin in the world! See! That’s how powerless bitcoin is. Hahahaha! Mwahahhahaha!

    Guys please try to buy up all the bitcoin using your silly metal trinket. Just begin.

  3. Nancy Pelosi takes the trillion dollar coin to Burger King to buy a Whopper. The clerk mistakenly gives her change for a $10 bill instead of a $1 trillion coin. This triggers a collapse of the US government.

  4. “”Voila, we’d have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation,” Diehl said.”

    Ummmm, someone obviously more educated than I is going to have to explain that one to me. So they can print a trillion and deposit it to continue to pay bills and there will be no impact to inflation?

    I’m lost.

  5. The last quote of the article sums up the absurdity of our current monetary policy and way of thinking:

    >”Voila, we’d have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation,” Diehl said.

  6. Bullshit games. The Federal government is a mess. I wonder if the Chinese economy or our economy will collapse first. They may collapse at the same time. Wouldn’t that be something? Mad Max time. Didn’t that movie take place in 2021?

  7. What a jokers world. “A platinum coin minted for 1 T. Or frankly whatever value we like and then flown to the Fed for safekeeping….”

    Dude. You could **mint a packet of fucking cheetos and slap a 1T sticker on them and fly them to “MuH FeD” for safekeeping your imaginary whatever value you feel like money**

    What a bunch of jokers.

  8. There’s only one way out and we are all fukd anyway, this coin thing is just a snake eating its own tail. The whole rotting system and all the cronies need to be dispatched. Yeah, it ain’t gonna be pretty for awhile.

  9. tldr; A $1 trillion coin could be minted within hours of an emergency decision by US Treasury Secretary Janet Yellen to avert a default on America’s debts, according to Philip Diehl, the director of the US Mint from 1994 to 2000. “This could be quickly executed on the existing plaster mold of the Platinum Eagle,” Diehl said, adding that only the denomination of the coin would need

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  10. That would be one way to default on the nation’s debt, ruin its credit rating.

    Bring it on!

    I ***double dog dare*** those monkey-brained fuck-hole politicians to do it.

    (My apologies to any actual monkeys who happen to read this.)

  11. Coin will likely say “legal tender for all debts” but I can’t even spend dollars in most restaurants these days.

    It’s all debt gents…debt based on fiat. Or, as Al Czervich would say, a popcorn fart.

What do you think?

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