okalb 104 #1 January 8, 2013 This might just be crazy enough to work. The reason I say that is because the republicans are already talking about posing legislation to stop it http://www.leftaction.com/action/tell-president-obama-mint-trillion-dollar-coin http://tv.msnbc.com/2013/01/08/republican-lawmaker-introducing-bill-to-squash-trillion-dollar-coin-idea/Time flies like an arrow....fruit flies like a banana Quote Share this post Link to post Share on other sites
quade 4 #2 January 8, 2013 That's because they're dumbasses. It would never happen to begin with.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
okalb 104 #3 January 8, 2013 Quote It would never happen to begin with. Of course not, which is what makes this fun Time flies like an arrow....fruit flies like a banana Quote Share this post Link to post Share on other sites
winsor 236 #4 January 9, 2013 QuoteThat's because they're dumbasses. It would never happen to begin with. Wanna bet? I have a few 500 million Mark postage stamps. The Deutsche Mark was every bit as well backed as is the US Dollar. Quote Share this post Link to post Share on other sites
quade 4 #5 January 9, 2013 QuoteWanna bet? Sure. Never is a long time and it's possible we'd both die before the end of time, so let's just make it during 2013 to keep it reasonable. What did you have in mind as far as a wager goes? Humiliation or monetary?quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
winsor 236 #6 January 9, 2013 QuoteQuoteWanna bet? Sure. Never is a long time and it's possible we'd both die before the end of time, so let's just make it during 2013 to keep it reasonable. What did you have in mind as far as a wager goes? Humiliation or monetary? You said never and I pointed out that it was hardly without precedent. If you get down to specifics (e.g., 2013), the real problem is a coin with inherent value. As fiat currency, the US Dollar is not worth the paper on which it is printed. Since currency originates electronically as a "loan" from the Fed, its inherent value is that of an IOU email. Quote Share this post Link to post Share on other sites
quade 4 #7 January 9, 2013 Regardless, neither you nor I will ever see this "trillion dollar coin" minted in our lifetimes. That's as close to never as is worth talking about.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
billvon 3,116 #8 January 9, 2013 I don't see why they're so timid. I think a bazillion dollar coin would make a lot more sense. Quote Share this post Link to post Share on other sites
Gravitymaster 0 #9 January 9, 2013 I think you mean a Brazillian dollar coin. Quote Share this post Link to post Share on other sites
billvon 3,116 #10 January 9, 2013 >I think you mean a Brazillian dollar coin. Let the Brazilians make their own damn coin. Quote Share this post Link to post Share on other sites
quade 4 #11 January 9, 2013 QuoteI think you mean a Brazillian dollar coin. I don't think any of them have hair.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
OHCHUTE 0 #12 January 9, 2013 QuoteQuoteThat's because they're dumbasses. It would never happen to begin with. Wanna bet? I have a few 500 million Mark postage stamps. The Deutsche Mark was every bit as well backed as is the US Dollar. I had a lot of Eastern Bloc money. 1700 Zloty to the dollar. Beer was less than a penny a glass and University Professors got $4 a month salary. It was almost like money was free. Zloty is more valuable now: 30 cents to the dollar. Quote Share this post Link to post Share on other sites
Gravitymaster 0 #13 January 9, 2013 Quote>I think you mean a Brazillian dollar coin. Let the Brazilians make their own damn coin. Damn right, that makes more cents. Quote Share this post Link to post Share on other sites
Channman 2 #14 January 9, 2013 Quote I don't see why they're so timid. I think a bazillion dollar coin would make a lot more sense. If your ever lucky enough to have one in your pocket and your purchased a Hamberger for $2.50 with Fries at $1.25 and a Large 32 OZ. drink for $2.50 how much change would you be getting back? Second part of my question...How many people would you need to help you carry the change back to your car(s). Quote Share this post Link to post Share on other sites
wolfriverjoe 1,523 #15 January 9, 2013 Quote Quote I don't see why they're so timid. I think a bazillion dollar coin would make a lot more sense. If your ever lucky enough to have one in your pocket and your purchased a Hamberger for $2.50 with Fries at $1.25 and a Large 32 OZ. drink for $2.50 how much change would you be getting back? Second part of my question...How many people would you need to help you carry the change back to your car(s). Ask the people on the island of Yap. http://www.npr.org/blogs/money/2011/02/15/131934618/the-island-of-stone-money"There are NO situations which do not call for a French Maid outfit." Lucky McSwervy "~ya don't GET old by being weak & stupid!" - Airtwardo Quote Share this post Link to post Share on other sites
hillson 0 #16 January 9, 2013 There was a Simpsons episode along these lines, IIRC... Quote Share this post Link to post Share on other sites
Arvoitus 1 #17 January 9, 2013 Quote There was a Simpsons episode along these lines, IIRC... http://en.wikipedia.org/wiki/The_Trouble_with_TrillionsYour rights end where my feelings begin. Quote Share this post Link to post Share on other sites
Skyrad 0 #18 January 9, 2013 Quote This might just be crazy enough to work. The reason I say that is because the republicans are already talking about posing legislation to stop it http://www.leftaction.com/action/tell-president-obama-mint-trillion-dollar-coin http://tv.msnbc.com/2013/01/08/republican-lawmaker-introducing-bill-to-squash-trillion-dollar-coin-idea/ A year ago this was proposed as a farce now its actually being considered, it just shows how screwed the system is.When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
