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  1. #1
    Hail Enki Grpeephole303's Avatar
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    Default Trillion dollar coin.

    The US government is considering the fact that when in debt why not create money with the value high enought to get yourself out of debt?

    http://www.activistpost.com/2013/01/...-monetary.html

    Personaly i think this is just one way the goverment fucks over its civilians as they dont care if you are in debt, But hey if the government is in debt lets just make more money.

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  2. #2
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    Default

    John Stewart was making fun of this on the Daily Show on Monday. Funny stuff.
    I didn't even know this shit was possible but there's a loophole that allows them to do it.

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  3. #3
    Swaggity Andy
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    Default

    Well, If it does come to the general public, it won't be very popular by far. Who has a trillion dollars just laying arround? Cool idea though.

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  4. #4
    Hail Enki Grpeephole303's Avatar
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    Default

    Quote Originally Posted by Tumblez View Post
    Well, If it does come to the general public, it won't be very popular by far. Who has a trillion dollars just laying arround? Cool idea though.
    its not a cool idea at all. if that coin comes to the general public you go into a recession.

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  5. #5

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    They can't seriously be considering it. That's what Germany did after WWI to pay off its reparation debts. The inflation got so bad that you had to take a wheelbarrow full of money just to get a loaf of bread. Kids played in the streets with bricks of money because they were so worthless:


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  6. #6
    Frozenbit.io Vintage's Avatar
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    Default

    That won't even work. The coin itself isn't even worth near a trillion dollars. Why not change the value of a penny to a thousand dollars while they try to pass off a $1000ish for a trillion.

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  7. #7
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    Wouldnt work. Obama cant pull money or Bushes dick out of his ass.

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  8. #8
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    Quote Originally Posted by Vintage View Post
    That won't even work. The coin itself isn't even worth near a trillion dollars. Why not change the value of a penny to a thousand dollars while they try to pass off a $1000ish for a trillion.
    Because you would have literally have to take money out of circulation to make money be worth more. If the US owes $_________ amount of money they can do what they are doing now and make a coin worth that much. Hell when my dad was a kid a gumball was worth 2 cents. Now 2 cents wont get you anything with out another 49 of those.

    If a $100 bill is not worth that much in the paper it is made from but it is just a note of a set amount of money.

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  9. #9
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    I think we a as society need to decide either to use physical value ( Gold, Silver ) to define the worth of our money, or put made op values on everything ( 100$ Bills ).
    Either way this Trillion Dollar Coin will NOT work.

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  10. #10
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    This is stupid, what happened if you dropped/lost the coin? You're screwed!

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