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BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin

 
Anonymous Coward
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10/17/2020 03:18 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
This actually checks out in that their is information supporting it.

If one were to steal a coin of this value how would you ever cash it in? Extortion? Blackmail?
 Quoting: CHERNOBLY


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
Anonymous Coward
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10/17/2020 03:20 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
This actually checks out in that their is information supporting it.

If one were to steal a coin of this value how would you ever cash it in? Extortion? Blackmail?
 Quoting: CHERNOBLY


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
 Quoting: Anonymous Coward 78481499


You telling me that that platinum coin is worth 1 Trillion dollars? Based on what?
MrReality

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10/17/2020 03:22 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Direct payments to American citizens.

Developing...
 Quoting: DC Insider 79504777


They should follow God's Biblical directive for resetting the Economy. It's known as the "Jubilee."
 Quoting: zf220


so the land should be returned to the first peoples ?
G3
G3

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10/17/2020 03:28 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
A trillion dollar coin?


What are we Zimbabwe?
 Quoting: Anonymous Coward 78996756


BTW. . .

Zim
Anonymous Coward
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10/17/2020 03:31 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
...


If being anti semitic is putting American interests ahead of Israeli ones the call me Joseph Goebels.
 Quoting: Anonymous Coward 79377967



[link to www.youtube.com (secure)]


Your face is not on a silver coin, you have never owned a university, or had a company that sold steaks.

You are an antisemite. The USA shoud triple its payments to Israel, as Israel is the only one keeping the peace in the middle east. Jarred and Ivanka are such a blessing, their children are like little angels.

You are just a hater ov MAGA.
 Quoting: MrReality


I don't give a fuck if you call me an anti semite. Not one single fuck given.

Im about sick and tired of you mother fuckers using that as an insult or a way to deflect facts from propaganda. How about you eat a pile of shit.
 Quoting: Anonymous Coward 79377967


^
triggered libtard ... your tears are delicious...

My MAGA meter is filling to MAGA overload.


Still voting for Trump in 2020 MAGA FOREVER!
 Quoting: MrReality


You Troll
Cap’n Obvious

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10/17/2020 03:34 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Another quick fact while this is hot even though I do not know if what stated in this thread is true...

He can pay off the Federal Reserve the same fucking way...
 Quoting: Anonymous Coward 79486625


Yes he can. Now someone here from the USA.. find that part of the Constitution.
 Quoting: ALL IS ONE IS ALL


Yes he can... but you are annoying with this playing kindergarten professor shit.
Anonymous Coward
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10/17/2020 03:34 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
who owes who $26 QUADRILLION?

thank you.
cosmicgypsy

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10/17/2020 03:36 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
who owes who $26 QUADRILLION?

thank you.
 Quoting: Anonymous Coward 79123188




cgmagic
...I adapt to the unknown,
under wandering stars I've grown,
by myself, but not alone...

[link to www.youtube.com (secure)]


To remember that no matter how darkness creeped in on us... to discover that we do not give up on casting it out of us and this world, is to discover faith. --Ain Soph Aur/A R K, GLP member

When North Korea is easier to negotiate with than the democrat party, then something is horribly wrong with them.--Zedakah, GLP member

Libs, Why would a bacteria be considered life on Mars and a heartbeat not be considered life on Earth? --Anonymous

Alright math, I'm over it. Figure it out for yourself....chuckle
MlCHAEL

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10/17/2020 03:37 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
The public debt of the USA or bonds issued by the US Treasury as directed by congress is in US Dollars which are the below.

Current lawful money.

26.5 mm (1.043 in)
Thickness: 2.00 mm (0.079 in)
Edge Plain with incised inscriptions
Composition: Copper with manganese brass clad (copper 88.5%, zinc 6%, manganese 3.5%, nickel 2%)

That is what the US Government owes to the bond holders ultimately.

Rough estimates.

The copper required to fabricate 27 Trillion 1 U.S. Dollar coins would be 65.7 million US Tons.

403 Billion US dollars to purchase the copper required to fabricate 27 Trillion 1 US dollar coins.
MlCHAEL
Anonymous Coward
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10/17/2020 03:38 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
A trillion dollar coin?


What are we Zimbabwe?
 Quoting: Anonymous Coward 78996756


BTW. . .

:Zim:
 Quoting: G3


interesting fact

one another, interesting one is, that some jowish guy who owns a real estate firm, one of the largest ones, even today resides in the towers built on that place on the highest floors, has conveniently ended at his dentist that morning while the twins were struck

forgot his name, but by some research you could find it
zf220

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10/17/2020 03:39 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Direct payments to American citizens.

Developing...
 Quoting: DC Insider 79504777


They should follow God's Biblical directive for resetting the Economy. It's known as the "Jubilee."
 Quoting: zf220


so the land should be returned to the first peoples ?
 Quoting: MrReality


At the very least, private debts should be forgiven and a real stimulus given to working Americans who have had their economic livelihoods destroyed thanks to the Bipartisan Koronahoax. 1,200 bucks is laughable as "stimulus" when you look at it in relation to all the pork that was thrown into the first stimulus to the Banksters and MIC. Also obscene given that we continue to hand out billions in foreign aid while average Americans are losing their livliehoods.

If America wants to be truly Great Again we better start obeying God's rules for the economy. The Jubilee would be a good start. Also would be good to reinstitute the Blue Laws that led to an American Golden Age in the first place.
America changed, behind the Stemmons sign.
Anonymous Coward
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10/17/2020 03:40 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Direct payments to American citizens.
 Quoting: DC Insider 79504777


= hyperinflation

sbus
 Quoting: Anonymous Coward 75817698


The Wiemar are here!
MrReality

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10/17/2020 03:41 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
...



[link to www.youtube.com (secure)]


Your face is not on a silver coin, you have never owned a university, or had a company that sold steaks.

You are an antisemite. The USA shoud triple its payments to Israel, as Israel is the only one keeping the peace in the middle east. Jarred and Ivanka are such a blessing, their children are like little angels.

You are just a hater ov MAGA.
 Quoting: MrReality


I don't give a fuck if you call me an anti semite. Not one single fuck given.

Im about sick and tired of you mother fuckers using that as an insult or a way to deflect facts from propaganda. How about you eat a pile of shit.
 Quoting: Anonymous Coward 79377967


^
triggered libtard ... your tears are delicious...

My MAGA meter is filling to MAGA overload.


Still voting for Trump in 2020 MAGA FOREVER!
 Quoting: MrReality


You Troll
 Quoting: Anonymous Coward 79377967


Still voting TRUMP 2020!

Go MAGA!
MrReality

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10/17/2020 03:44 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Direct payments to American citizens.

Developing...
 Quoting: DC Insider 79504777


They should follow God's Biblical directive for resetting the Economy. It's known as the "Jubilee."
 Quoting: zf220


so the land should be returned to the first peoples ?
 Quoting: MrReality


At the very least, private debts should be forgiven and a real stimulus given to working Americans who have had their economic livelihoods destroyed thanks to the Bipartisan Koronahoax. 1,200 bucks is laughable as "stimulus" when you look at it in relation to all the pork that was thrown into the first stimulus to the Banksters and MIC. Also obscene given that we continue to hand out billions in foreign aid while average Americans are losing their livliehoods.

If America wants to be truly Great Again we better start obeying God's rules for the economy. The Jubilee would be a good start. Also would be good to reinstitute the Blue Laws that led to an American Golden Age in the first place.
 Quoting: zf220


but what about the land going back to the people it belongs too and are they not opressed ?
Anonymous Coward
User ID: 79241600
10/17/2020 03:53 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
This actually checks out in that their is information supporting it.

If one were to steal a coin of this value how would you ever cash it in? Extortion? Blackmail?
 Quoting: CHERNOBLY


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
 Quoting: Anonymous Coward 78481499


You telling me that that platinum coin is worth 1 Trillion dollars? Based on what?
 Quoting: Anonymous Coward 79377967


Just like a one dollar bill...you can say it is worth anything the treasury stamps on it.
Anonymous Coward
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10/17/2020 03:55 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
who owes who $26 QUADRILLION?

thank you.
 Quoting: Anonymous Coward 79123188




:cgmagic:
 Quoting: cosmicgypsy


lol im very slow

so its ours? or ours to owe ourselves? lol
thank you.
Visitor
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10/17/2020 03:57 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Just 27 more and the national debt and the Federal Reserve go away.
cosmicgypsy

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10/17/2020 04:00 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
who owes who $26 QUADRILLION?

thank you.
 Quoting: Anonymous Coward 79123188




cgmagic
 Quoting: cosmicgypsy


lol im very slow

so its ours? or ours to owe ourselves? lol
thank you.
 Quoting: Anonymous Coward 79123188



The hell if I know!


My question: Where does all this money come from?


The answer: Magic Land! It just appears! Right out of thin air!


I mean, it's so much fuckery, I can't even with it.......billlaugh
...I adapt to the unknown,
under wandering stars I've grown,
by myself, but not alone...

[link to www.youtube.com (secure)]


To remember that no matter how darkness creeped in on us... to discover that we do not give up on casting it out of us and this world, is to discover faith. --Ain Soph Aur/A R K, GLP member

When North Korea is easier to negotiate with than the democrat party, then something is horribly wrong with them.--Zedakah, GLP member

Libs, Why would a bacteria be considered life on Mars and a heartbeat not be considered life on Earth? --Anonymous

Alright math, I'm over it. Figure it out for yourself....chuckle
Anonymous Coward
User ID: 78481499
United States
10/17/2020 04:01 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
This actually checks out in that their is information supporting it.

If one were to steal a coin of this value how would you ever cash it in? Extortion? Blackmail?
 Quoting: CHERNOBLY


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
 Quoting: Anonymous Coward 78481499


You telling me that that platinum coin is worth 1 Trillion dollars? Based on what?
 Quoting: Anonymous Coward 79377967


It will be backed with Treasure bonds.
Kevin's Handler

User ID: 79123188
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10/17/2020 04:02 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
who owes who $26 QUADRILLION?

thank you.
 Quoting: Anonymous Coward 79123188




cgmagic
 Quoting: cosmicgypsy


lol im very slow

so its ours? or ours to owe ourselves? lol
thank you.
 Quoting: Anonymous Coward 79123188



The hell if I know!


My question: Where does all this money come from?


The answer: Magic Land! It just appears! Right out of thin air!


I mean, it's so much fuckery, I can't even with it.......billlaugh
 Quoting: cosmicgypsy


Now that makes sense! Thanks!!
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”

“The distinction between past, present and future is only a stubbornly presented illusion”
cosmicgypsy

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10/17/2020 04:02 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
...


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
 Quoting: Anonymous Coward 78481499


You telling me that that platinum coin is worth 1 Trillion dollars? Based on what?
 Quoting: Anonymous Coward 79377967


It will be backed with Treasure bonds.
 Quoting: Anonymous Coward 78481499



And where are these Treasure bonds coming from?.....shrug


And yes, I hope I'm about to get schooled on how all this works, right and proper like....yup, I am.
...I adapt to the unknown,
under wandering stars I've grown,
by myself, but not alone...

[link to www.youtube.com (secure)]


To remember that no matter how darkness creeped in on us... to discover that we do not give up on casting it out of us and this world, is to discover faith. --Ain Soph Aur/A R K, GLP member

When North Korea is easier to negotiate with than the democrat party, then something is horribly wrong with them.--Zedakah, GLP member

Libs, Why would a bacteria be considered life on Mars and a heartbeat not be considered life on Earth? --Anonymous

Alright math, I'm over it. Figure it out for yourself....chuckle
Anonymous Coward
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10/17/2020 04:02 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
...


That coun isnt worth anything. Ponzi jooh scheme. Its fiat currency same as dollars.
 Quoting: Anonymous Coward 77729498

Wrong, the federal reserve creates FIAT currency but the US can still create coins that aren't under the reserves control and no interest needs to be paid to them.
 Quoting: Anonymous Coward 78481499


You telling me that that platinum coin is worth 1 Trillion dollars? Based on what?
 Quoting: Anonymous Coward 79377967


Just like a one dollar bill...you can say it is worth anything the treasury stamps on it.
 Quoting: Anonymous Coward 79241600


The Treasury doesn't created the bills, it just is allowed to print them. The Federal Reserve creates them.
cosmicgypsy

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10/17/2020 04:04 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
...




cgmagic
 Quoting: cosmicgypsy


lol im very slow

so its ours? or ours to owe ourselves? lol
thank you.
 Quoting: Anonymous Coward 79123188



The hell if I know!


My question: Where does all this money come from?


The answer: Magic Land! It just appears! Right out of thin air!


I mean, it's so much fuckery, I can't even with it.......billlaugh
 Quoting: cosmicgypsy


Now that makes sense! Thanks!!
 Quoting: Kevin's Handler



If it's just the case that they're making money willy nilly, then why not just come out and say so?

Why not give every person on the face of the planet a few million?

Why not enrich all the economies?


wtf
...I adapt to the unknown,
under wandering stars I've grown,
by myself, but not alone...

[link to www.youtube.com (secure)]


To remember that no matter how darkness creeped in on us... to discover that we do not give up on casting it out of us and this world, is to discover faith. --Ain Soph Aur/A R K, GLP member

When North Korea is easier to negotiate with than the democrat party, then something is horribly wrong with them.--Zedakah, GLP member

Libs, Why would a bacteria be considered life on Mars and a heartbeat not be considered life on Earth? --Anonymous

Alright math, I'm over it. Figure it out for yourself....chuckle
cosmicgypsy

User ID: 74619032
United States
10/17/2020 04:06 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
OOOOOH! I know why.


Because then they wouldn't be able to control us........huffy
...I adapt to the unknown,
under wandering stars I've grown,
by myself, but not alone...

[link to www.youtube.com (secure)]


To remember that no matter how darkness creeped in on us... to discover that we do not give up on casting it out of us and this world, is to discover faith. --Ain Soph Aur/A R K, GLP member

When North Korea is easier to negotiate with than the democrat party, then something is horribly wrong with them.--Zedakah, GLP member

Libs, Why would a bacteria be considered life on Mars and a heartbeat not be considered life on Earth? --Anonymous

Alright math, I'm over it. Figure it out for yourself....chuckle
Anonymous Coward
User ID: 79357329
10/17/2020 04:06 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
now when i think of it, the Trumptard cultists were saying that Tramp ended the FED when he merged them with the Treasury

how exactly you dumb MFs

the FED prints the money, while the Treasury S T O R E S everything they print, create, invent out of thin air

The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government

FED ISSUES THE DOLLARS FFS pigchef
Anonymous Coward
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10/17/2020 04:08 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
That's how they paid for the first stimulus. They struck two platinum $1,000,000,000,000 coins!
 Quoting: Debug


What would the change look like if you used one to buy a gallon of milk at the local convenience store?
Anonymous Coward
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10/17/2020 04:16 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
The public debt of the USA or bonds issued by the US Treasury as directed by congress is in US Dollars which are the below.

Current lawful money.

26.5 mm (1.043 in)
Thickness: 2.00 mm (0.079 in)
Edge Plain with incised inscriptions
Composition: Copper with manganese brass clad (copper 88.5%, zinc 6%, manganese 3.5%, nickel 2%)

That is what the US Government owes to the bond holders ultimately.

Rough estimates.

The copper required to fabricate 27 Trillion 1 U.S. Dollar coins would be 65.7 million US Tons.

403 Billion US dollars to purchase the copper required to fabricate 27 Trillion 1 US dollar coins.
 Quoting: MlCHAEL


Someone needs to send that to trump
Blown Camaro

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10/17/2020 04:27 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
If this story were true, the market futures would be up DRAMATICALLY. I just checked, and they most certainly are not. The markets ALWAYS rocket on stimulus speculation, much less fact. I will say, I WANT this to be true.
Blown Camaro
Gallant Warrior

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10/17/2020 04:30 PM

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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
[link to www.USE_FULL_LINKwww.forbes.com (secure)]

The way United States Constitution of 1789 speaks about money has long puzzled observers. Why does it speak so little about money, people ask, and when it does treat the subject, why the weird specific fashion?

Here is all the Constitution says about the money power of the government. From Article I, Section 8, there is “Congress shall have Power…to coin Money, regulate the Value thereof, and of foreign Coin.” And from Section 10, “no state…shall make any Thing but gold and silver Coin a Tender in Payment of Debts.” That’s 27 words, some of them offbeat or capitalized like in German, pertaining to monetary policy in the founding document of the government of the United States

One criticism, a modern one, is that “monetary policy” is obviously such a core function of government, things could be clearer and more expansive on this front. Another is that “coin” is too specific. Of course they must have meant make paper money too. One more is that surely states can accept something other than gold or silver coin. By the way, every time states collect our taxes today (never in gold or silver coin), they violate the Constitution clear as day.
 Quoting: Anonymous Coward 79025003


I think it is quite clear.
The states shall issue nothing of value to pay off their debts except gold and silver coins.

The government (not the fed) has direct control over our coinage. We use gold and silver coins, not fake paper money.

Short, sweet direct and to the point.

the fact we have twisted this up so much (and the right to bear arms) says a lot about of as a nation.

We are a nation of laws, or we are not. Whats the point in having the constitution if we don't even follow it.

even presidents and the senate no longer have the power or ability to apply the constitution as written.

I'm so fucking glad the originalist judges are being appointed.

When people freak out that they start enforcing old ancient antiquanted laws as written, we can fix the bad laws. and start living by the good ones that have been ignored and twisted so long.
Acturan, Lyran, Draco, Orion Reptilian, Hyadean, Sirian, human Incarnate
Anonymous Coward
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10/17/2020 04:32 PM
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Re: BREAKING RUMOR: Trump to direct Treasury to mint a $1 Trillion coin
Direct payments to American citizens.

Developing...
 Quoting: DC Insider 79504777


it was already minted and immediately lost in a vending machine.





GLP