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

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Last Edited by Dodger007 on 10/17/2020 01:56 PM

Better then printing the money out of thin air, as atleast it is backed by something.

and the national debt clock just keeps on skyrocketing

[link to usdebtclock.org (secure)]

82 000 $ per every American

220 000 per every taxpayer

in 1960 Federal Debt was 52% of GDP

in 1980 34%

in 2000 55%

today 138%

interest on the debt, 341, 000, 000, 000 $

which far fetched claim.. if its true and it is I am pretty sure... as to the coin... at least your proof will be the released funds. This is I am sure an issue with the demoncrats and Nancy.

And I will state ONCE AGAIN as I do in all the debt threads.. that the national debt is as 2 or 3 months ago.. at least $26 QUADRILLION... how many of you know what a quadrillion is?

I have it on my website from the ITC folks. I have not moved it to my money thread here. Your debt clock is STUPID.. STUPID and STUPID. Only an manufactured game. and you should be seeing this. My let the AGE of REASON begin.

when does the real MAGA start?

How does America pay for a $2 trillion coronavirus relief bill? With two shiny coins, this lawmaker argues:
If the government wants money, why doesn’t it just—poof!—make the money? In this case, the $2 trillion would fund prepaid debit cards for “every person in America,” as Rep. Tlaib’s so-called Automatic BOOST to Communities Act says. The cards would come loaded with $2,000 and be topped up with another $1,000 every month until a year after the end of the crisis. Problem solved, right? [link to fortune.com (secure)]

Automatic BOOST to Communities Act:
IV. Funding the Program
a. This Automatic BOOST to Communities Act would be a money-financed fiscal program for which no additional U.S. debt would be issued.
b. Instead, the program would be funded directly from the Treasury, using its legal authority to create money via coin seigniorage, which is a statutory delegation of Congress’s constitutional power of the purse.
c. The mechanics of this funding approach would be as follows:
• The Treasury Secretary would direct the U.S. Mint to issue two $1 trillion platinum coins, under the legal authority provided by 31 U.S.C. § 5112(k).
• Congress would direct the Federal Reserve to purchase the newly issued coins at full face value.
• The Federal Reserve would complete the purchase by crediting the U.S. Mint’s account at the Fed with $2 trillion in reserves.
• The Fed would retain ownership over the two $1 trillion coins permanently in order to ensure its own balance sheet remains fully capitalized by the Treasury.
• The Treasury Secretary would “sweep” the newly created reserve funds from the Mint’s account into the regular Treasury General Account.
• The Treasury would make the funds available to the Bureau of the Fiscal Service to disperse to every person in America in the form of pre-paid U.S. Debit Cards.
d. This approach would preserve the historical separation between fiscal and monetary policy and avoid financial entanglement between the Treasury and the Federal Reserve which would eventually undermine the independence of the Fed.

In the long term, the card infrastructure should be converted into a permanent, Treasury- administered digital public currency wallet system, to serve as a privacy-respecting “eCash” complement to universal Fed Accounts and/or Postal Bank Accounts for All. This proposal should be accompanied by progressive tax reform to ensure that emergency relief provisioning does not exacerbate income or wealth inequality in the long-term.
[link to tlaib.house.gov (secure)]

Last Edited by Anon Braveheart on 10/17/2020 01:52 PM

you are just a dirty Liberal, everything is MAGA !


M-A-G-A-!

Pay off national "debt".
END THE FED!

Last Edited by PANDEMIC OF THE VACCINATED on 10/17/2020 01:48 PM

Good info here. If you read through, it is actually legit and could not be opposed by Congress.

[link to en.m.wikipedia.org (secure)]

after the magnetic reversal. but certain things of preparation are being done. and then we wil being MTWGA. Make the World Great again.

That is no plan.. to fight coronavirus is a simple mRNA already under production that will cause the body Killer T cells to recognize and take out ALL the RNA viruses and not just corona. And its not a trillion dollar project of the USA anyway.. it has to be a global project.

Trump will be printing more money to do this ...

we are saved !

He so 19D level.

The big reset will not require this at all because the entire planet will be reset AFTER the magnetic reversal and that dark shit reset plan will be null and void.. they won't be here. the Reversal is Earths reset. .. The judgement event.

Nice to see you!

Doubt it. It would be nice but the federal reserve would never let him. This is what Aaron Shwarts pushed so hard for before he died.

Do you really think printing more Ponzi dollars is good? It just further separates the jooh bankers and elite wealth divide from the rest of us.

[link to www.treasury.gov (secure)]

Pease both of you read the still very short thread before you post.. once its 10 pages long I will be more forgiving on not reading.

Imagine if this is the start to end the fed.

Trump Fed nominee advances in Senate despite support for gold standard
[link to www.marketplace.org (secure)]

Trump merged the FED and Treasury in March, then they say he ended it with that move

but i'd say the opposite

Trump handed over the USA to FED which solidified and consolidated their power

:thank you 3: for the linky.

that was rumor mill for he cannot merge a global private company with our Treasury. It did not happen... shit happens on the net you know. Because of what the FED is.. it cannot even be audited by the US government or any other agency since it is not a US agency to start with. there was a lot of AUDIT the FED years ago.. worthless idea.. Some day more and more REASON will develop.

Why Trump and Judy Shelton want the US back on the gold standard
[link to qz.com (secure)]

Trump Fed pick indicated a return to the gold standard
[link to www.cnn.com (secure)]

Trump's 'gold bug' puts the Federal Reserve at risk
[link to www.latimes.com (secure)]