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re: Trillion Dollar Coin Idea - Why Doesn't This Make Sense in My Head?
Posted on 1/6/13 at 8:59 pm to ZereauxSum
Posted on 1/6/13 at 8:59 pm to ZereauxSum
quote:
Trillion Dollar Coin Idea - Why Doesn't This Make Sence in My Head?
First because you spelled sense wrong, second that would need to be a coin consisting of 636,132,415.5 Troy ounces (or 43,620,502.63 pounds). The government isn't exactly doing too well right now so its not gonna happen. Also, pay no attention on those petitions anyways.
quote:
Since =\ sense
Or cents... lol
This post was edited on 1/6/13 at 9:02 pm
2
Posted on 1/6/13 at 9:21 pm to drewnbrla
because it's pretty muc the dumbest idea our government has EVER had. Let's assume, for a moment, that it DOESN'T cause massive hyper inflation (which it will). The fact that our government could do this would cause our creditors to see that we will NEVER be serious about repaying our dept. Demand for our debt would plummet, causing the U.S. to no longer be able to borrow money to pay the interest on it's debt + causing demand for bonds to plummet, causing the price of bonds to plummet, causing a devaluation of the dollar, causing a world-wide recession, causing the dollar to be dumped as the world reserve currency and pricing currency for oil, causing further devaluation of the dollar, causing massive worldwide depression, leading to a regime change in the United States as we go the way of Weimer Germany.
Posted on 1/6/13 at 9:28 pm to drewnbrla
quote:
First because you spelled sense wrong
Huh...I had two shots at it and missed twice. Edited.
quote:
would need to be a coin consisting of 636,132,415.5 Troy ounces (or 43,620,502.63 pounds).
I believe the idea is to make a coin with a face value of $1 trillion, not a coin worth $1 trillion, which is why this is baffling to me.
This post was edited on 1/6/13 at 9:30 pm
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