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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
User ID: 79377967
Costa Rica
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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Canada
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 ?
wmMmw
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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Costa Rica
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.
Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
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:
You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete. -Buckminster Fuller


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

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

User ID: 75756457
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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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Germany
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
Anonymous Coward
User ID: 79505183
United States
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.
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

User ID: 47345121
Canada
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!
wmMmw
MrReality

User ID: 47345121
Canada
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 ?
wmMmw
Anonymous Coward
User ID: 79241600
United States
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
User ID: 79123188
United States
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

User ID: 74619032
United States
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
You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete. -Buckminster Fuller


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

[link to www.youtube.com (secure)]
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
United States
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!!
cosmicgypsy

User ID: 74619032
United States
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.
You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete. -Buckminster Fuller


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

[link to www.youtube.com (secure)]
Anonymous Coward
User ID: 78481499
United States
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

User ID: 74619032
United States
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
You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete. -Buckminster Fuller


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

[link to www.youtube.com (secure)]
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
You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete. -Buckminster Fuller


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

[link to www.youtube.com (secure)]
Anonymous Coward
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Germany
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.
1 Corinthians 6:9-10 ESV

Or do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived: neither the sexually immoral, nor idolaters, nor adulterers, nor men who practice homosexuality, nor thieves, nor the greedy, nor drunkards,
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