1 trillion dollar plantinum coin - Dat's a lot of catalytic convertors

Discussion in 'Markets & Economies' started by Caput Lupinum, Jan 4, 2013.

  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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  2. volrathy

    volrathy Active Member

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    1 trillion dollars doesnt help they need 20 trillion
     
  3. hawkeye

    hawkeye New Member Silver Stacker

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    You're still printing money. That money when it circulates, as the government pays it to it's employees and creditors gradually dilutes the money of everyone out there as they spend it. It's still theft by counterfeiting.

    Plus, who is going to buy a platinum coin with an intrinsic value of a few thousand dollars off the Fed for a trillion dollars? It will have a huge hole in it's balance sheet. An unsellable asset.

    There are no free lunches.
     
  4. bordsilver

    bordsilver Well-Known Member Silver Stacker

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  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    From what I gathered it's not the size of the coin that matters, it's the loophole in US law that will allow the treasury time if the debt ceiling date passes to stop a default.
     
  6. whinfell

    whinfell Well-Known Member Silver Stacker

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