The Treasury will not produce a $1T platinum coin as a way of bypassing the problem of the debt...

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schatzl Comments (391)
 
Who would have thought the government would not spend the last credibility they had on misusing a legal loophole to arbitrarily assign the whole deficit on to a coin. The offered solutions are becoming more bizarre for each trillion in debt piled up.

How about implementing the most fundamental of all budgetary rules?

Balancing the budget?
13 Jan, 06:43 AM Reply Like

bbrady413 Comments (522)
 
How dare you suggest such radical measures! You must be some kind of domestic terrorist!
13 Jan, 07:52 AM Reply Like

schatzl Comments (391)
 
*cautiously eyeing the sky*
13 Jan, 07:57 AM Reply Like

divinecomedy Comments (423)
 
Nah the best solution I've seen belong to the Modern Monkey Theory theorists. According to them, there's not even a problem since constant burgeoning deficits is just how government's supposed to operate. Why do you need a solution if you don't even have a problem?
13 Jan, 08:01 AM Reply Like

Venerability Comments (3052)
 
The ENTIRE purpose of the Platinum Godzilla Coin tall tale - closely following the artificial and absurdly idiotic No More QE Ever tall tale a few days previous - was to boost the Platinum to Gold Ratio to levels not seen for years.

There is a major entity in trouble - again! - with its Gold position. Maybe a couple or three major entities.

So what else is new?

I would bet we get some sort of announcement about a Rogue somewhere in the system - not necessarily in either the US or Europe this time - within the next few days. The news out, maybe we can get back to normal again, at least on the Propaganda front.
13 Jan, 09:29 AM Reply Like

DaleW Comments (67)
 
The real problem was changing all the the vending machines would cost more than the coins were worth.
13 Jan, 11:37 AM Reply Like

haruglory12 Comments (53)
 
This just goes to show how imperial minds think. The Democrat party is now the statist party of America. They openly hate the constitution and the rule of law and reject the civil society.
13 Jan, 02:56 PM Reply Like

Tommy_Finger Comments (312)
 
These will be collector items, for sure. I'll take a dozen, please.

And I can't wait for the $10T coin to come out too!
13 Jan, 07:09 PM Reply Like

Exquisite Decay Comments (46)
 
Awe, now we will not have the opportunity to have Timmy Geithner put it in his pocket as he walks over to the White House and realize that he had a hole in his pocket and lost the damn coin. "Really Barry, it was right here in my pocket, honest! It must have fallen out through this hole."

Meanwhile, some homeless person finds the coin and not realizing what it is, but liking shiny things, stuffs it in his coat next to his collection of string, a dead finch and a week-old half-eaten donut.
13 Jan, 10:28 PM Reply Like