The entire GDP of the United States is worth 15 ounces of platinum. So if we just stamp out 15 magic platinum coins no one needs to work!

This reminds me of little kids sitting in a clubhouse somewhere going, nuh uh, this is worth infinity bazillion, bazillions as far as the universe is big because the universe is bigger than the galaxy!

This is truly sad that we give any of these idiots any authority over us at all.

Shit, we should just start minting these little babies up right away, perhaps we could purchase other countries with them, or buy our debt back from China. Here you go China, thanks for investing, here is your one ounce of platinum.

I think this could work towards our advantage, we all agree that this coin has value, then we tell everyone, we are going to responsible and just mint a very few, then once the rest of the world agrees they have value, we just send them these useless coins and buy their real shit. We could make them work for us for years for nothing more than paper and ink, ooops I mean a few ounces of platinum.

Wait a second, we've already tried that and it is starting to fail.

Last Edited by GodFrequency on 01/11/2013 12:48 PM

15 ounces * $1633 per ounce is approximately $24,500. Did I miss something?

[link to coinmill.com]

$23542.67

Op, I like your thinking! Hell lets print out 10 for each country so that noone has to work.

a single platinum coin would have to weigh 19,500~ tons to have a value of $1trillion at today's market value (about $1600/oz.).

that's a big ass coin.

Last Edited by Anonymous Cowherder on 01/11/2013 02:38 PM

I think a much better idea would be to mint coins from moon rocks. They might be a bit crumbly maybe, but the gubmint and banks would still have a monopoly over money. For as long as they are the only ones that can get there.

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I think everyone is missing the point. We know the value of an ounce, people. Listen to the OP's message.

I agree. What we are really talking about is the inherent value of street platinum and treasury platinum.

Obviously our platinum (the average schmuck) is crap and their platinum don't stink. In fact its worth $10^12 per ounce.

Yes you are correct, but according to them, if they minted these in their magical press, they would be worth 15 trillion not $24,500, and even that number is a product of a rigged fake economy.

The odd thing is, the Fed Created 16 trillion dollars between 2008 and 2010, and no one really grasps what this means. That is just the numbers we know about. Who knows how much they have created since that time. I've heard that the Fed is responsible at this point in time for 25% of the GDP, so in a way they are already creating magic coins, money out of nothing, but the whole coin suggestion brings it all into a sharper perspective because you are talking about a little tiny piece of metal being worth 1 trillion dollars.

This is true, and yet that credit generated or money (as credit and "money" are fungible in our economy) hasn't really entered the real economy to drive up prices in proportion. True, we have seen high inflation just look at your gas and food costs over the past 4 years, but not in proportion to the amount of money they have printed (credit).

Mostly, that printed money or credit or digits in computers has been shifted to the "asset" sides of balance sheets of banks now giving them excess reserves. They aren't lending now as much as they did prior to 2008, so they are using those excess reserves to buy and sell securities on the global exchanges.

2008 was sort of a watershed year in the history of modern economies where before the stock market was a place for Capital formation and price discovery. Now, since QE4EVA and the new normal the stock markets are literally a global gambling casino owned and operated by the banks. Which also means the banks have indirectly taken over private industry at least those public companies who's shares are traded on the exchanges. A definite collectivist coup.

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True the fake money has been used to purchase real assets, like company stocks, real estate etc. They are buying real assets with their phony money. Neat trick

Idiot, the debt your country is facing is also an illusion, hence the proposal of a trillion dollar coin to show the absurdity of putting a ceiling on an illusionary concept.