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tclambert

(11,084 posts)

16. I love the idea of the platinum coin! It makes the whole debt limit crisis look ridiculous.

Reply to onehandle (Original post)

Wed Jan 9, 2013, 07:15 PM

Jan 2013

Which is what it deserves. Some have suggested putting a Republican's face on it, like Ronald Reagan, or John Boehner as a sort of slap in said face. Personally, I'd like the motto on it changed from "In God We Trust" to "Republicans are so stupid (see other side)" printed on both sides.

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Highlight:

Platinum Coin: White House Doesn't Completely Rule It Out [View all] onehandle Jan 2013 OP

One Coin to rule them all, The Velveteen Ocelot Jan 2013 #1

One Coin to rule them all, One Coin to find them, bemildred Jan 2013 #5

LOL both of you! Hekate Jan 2013 #29

I'd mint at least four of those coins. TexasTowelie Jan 2013 #2

Why not mint 25 of them? former9thward Jan 2013 #3

yes, government spending is "partying" to you CreekDog Jan 2013 #28

Far from it. former9thward Jan 2013 #30

mint 12 samsingh Jan 2013 #4

Seven for the EU, wisest and fairest of all beings. wickerwoman Jan 2013 #31

what do the indians get? samsingh Jan 2013 #32

What would the inflationary effects be? Ash_F Jan 2013 #6

It's equivalent to paying down the debt $1T. bemildred Jan 2013 #7

Was the plan to pay down the debt before with newly printed money? Ash_F Jan 2013 #8

Newly printed money is pretty much all we have, most of it's not even paper. nt bemildred Jan 2013 #10

PS: As far as I can tell, there is no plan, the idea is to stay deep in debt. bemildred Jan 2013 #13

Paper "money" is an IOU..look at a dollar bill. dixiegrrrrl Jan 2013 #19

The answer you'll get to the question depends on who is answering the question Orangepeel Jan 2013 #9

kick for the link otherone Jan 2013 #12

Thanks for the read. Ash_F Jan 2013 #14

Krugman on the liquidity trap Orangepeel Jan 2013 #22

"why that is" is because the gov't stopped measuring high inflation items. dixiegrrrrl Jan 2013 #24

That's the thing, all this hyperfocus on the debt/deficit high density Jan 2013 #15

Questioning George W. Bush was unpatriotic, no matter how dumb-fucking stupid his actions were. tclambert Jan 2013 #18

can someone explain how minting one coin would INCREASE inflation? otherone Jan 2013 #11

I love the idea of the platinum coin! It makes the whole debt limit crisis look ridiculous. tclambert Jan 2013 #16

If anyone here really believes it would happen dipsydoodle Jan 2013 #17

I just have to say that if they mint that coin and use it as currency eltopomaravilloso Jan 2013 #20

I think it should be an invisible coin, like the Emperor's Clothes. hunter Jan 2013 #21

Nicholas Cage must be appointed Guardian of the Platinum Coin.... radhika Jan 2013 #23

Agreed! nt onehandle Jan 2013 #25

okay samsingh Jan 2013 #33

In a way, it is almost like defacto7 Jan 2013 #26

If it is actually to be worth $1 trillion, and not just an accounting fiction, The Velveteen Ocelot Jan 2013 #27