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Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards

Discussion in 'Coronavirus (COVID-19) News' started by Lil Mike, Mar 22, 2020.

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  1. squidward

    squidward Well-Known Member

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    The FED has no minting power.
     
    squidward, Mar 25, 2020
    #51
  2. Imnotreallyhere

    Imnotreallyhere Well-Known Member Donor

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    No offense, but US currency has no backing except faith in the US gov't.
     
    Imnotreallyhere, Mar 25, 2020
    #52
  3. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    At least the US will never be so broke, they don't have two coins to rub together!!!
     
    Last edited: Mar 25, 2020
    Doofenshmirtz, Mar 25, 2020
    #53
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  4. DavidMK

    DavidMK Well-Known Member

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    Inflation requires circulation. Those 2 coins will never leave the US Mint.
     
    DavidMK, Mar 25, 2020
    #54
  5. DavidMK

    DavidMK Well-Known Member

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    I said the Fed, not the Fed Reserve.
     
    DavidMK, Mar 25, 2020
    #55
  6. squidward

    squidward Well-Known Member

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    Ok.
    Why bother wasting the energy and time to melt metal when one could just enter the digits into the treasury account with a computer keyboard?
     
    squidward, Mar 25, 2020
    #56
  7. squidward

    squidward Well-Known Member

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    The checks the gov will write against them will, and no buyer on earth would every purchase the valueless coins
     
    squidward, Mar 25, 2020
    #57
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  8. Distraff

    Distraff Well-Known Member

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    A lot could go wrong. Just like what is going wrong with Trumps trillion dollar deficit or cutting interest rates while the economy was growing. We are going to really regret that one. But with how much debt we are in, we might be forced to do something like this.
     
    Last edited: Mar 25, 2020
    Distraff, Mar 25, 2020
    #58
  9. DavidMK

    DavidMK Well-Known Member

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    Because digital money isn't a thing (so far as USD goes) that's how banks manage money but the actual money supply is cold hard cash. The coins deal with that fact.

    We're in a deflationary event, pumping capital onto the system us a good thing.
     
    DavidMK, Mar 25, 2020
    #59
  10. squidward

    squidward Well-Known Member

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    How the hell is the government gonna circulate the money? Clip off a little piece and send it to you?
     
    squidward, Mar 25, 2020
    #60
  11. Lil Mike

    Lil Mike Well-Known Member

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    [​IMG]
     
    Lil Mike, Mar 25, 2020
    #61
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  12. SkullKrusher

    SkullKrusher Banned

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    This would be a good time for some extraterrestrial intervention before the Earthlings do something really stupid
     
    SkullKrusher, Mar 25, 2020
    #62
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