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rdking647 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:01 AM Original message |
Its time to issue the trillion dollar coin |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:02 AM Response to Original message |
1. Big political downsides. |
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rdking647 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:06 AM Response to Reply #1 |
4. not if its presented right |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:46 AM Response to Reply #4 |
8. They like precious metals (shiny!) and they like Reagan (truthy!) |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:23 PM Response to Reply #8 |
14. Debased currency? |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:41 PM Response to Reply #14 |
20. The OP doesn't envision a coin that is actually worth a trillion dollars |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:53 PM Response to Reply #20 |
24. Ok, thanks. |
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CleanGreenFuture (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:02 AM Response to Original message |
2. Ummm...forgive me, but...say what? |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:04 AM Response to Reply #2 |
3. . |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:31 AM Response to Original message |
5. Google hyperinflation and you will see why this is a TERRIBLE idea. |
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madinmaryland (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:54 AM Response to Reply #5 |
9. Which is worse? Defaulting or this? |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:20 PM Response to Reply #9 |
13. The debt ceiling needs to be raised. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:00 PM Response to Reply #5 |
12. The Fed didn't hyperinflate the money supply when it lent $16T to banks in QE2. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:27 PM Response to Reply #12 |
16. Hyperinflation happens over time. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:36 PM Response to Reply #16 |
18. Many months without a deal could create enormous uncertainty in markets, so I agree. But, the point |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:41 PM Response to Reply #18 |
19. I agree on the uncertainty. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:46 PM Response to Reply #19 |
21. Agree again. That's why the SS "reform" plan is DOA, or should be. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:26 PM Response to Reply #5 |
15. It's an asset swap, and not inflationary. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:35 PM Response to Reply #15 |
17. You don't get something for nothing. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:48 PM Response to Reply #17 |
22. We've been "printing" trillions to save Wall Street. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:55 PM Response to Reply #22 |
26. I am looking at an international level concerning our debts abroad |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:48 PM Response to Reply #17 |
23. It's a loan between banks, not printing money - Fed already did $16T QE2. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:53 PM Response to Reply #23 |
25. It is a loan only if someone has the money to loan in the first place. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:57 PM Response to Reply #25 |
27. Not if both sides agree a loan has occurred. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:58 PM Response to Reply #27 |
28. The problem is that international lenders will not see this as legitimate. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:00 PM Response to Reply #28 |
29. They don't care so long as the value of their T-bills doesn't drop, a lot. |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:43 AM Response to Original message |
6. With Ronald Reagan's smiling face on it. |
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NightWatcher (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:56 AM Response to Reply #6 |
11. and inscribed with "Up Yours, Baby" |
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Poll_Blind (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:46 AM Response to Original message |
7. It's better than the 14th Amendment, by far. The only real "good" option is to... |
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Initech (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:56 AM Response to Original message |
10. Like I said they tried this on the Simpsons, it didn't work. |
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rdking647 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Original message |
30. Its time to issue the trillion dollar coin |
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HopeHoops (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #30 |
31. On a serious note, we really need $1000 and $5000 bills and the penny is obsolete. |
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phasma ex machina (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #30 |
32. . |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #30 |
33. Whose face shall we put on it? n/t |
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phasma ex machina (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #33 |
35. Mammon |
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in_cog_ni_to (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #33 |
38. OBAMA'S! That will REALLY send them over the edge. n/t |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #33 |
39. Reagan |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #30 |
34. Stamp the denomination on a round cracker so when it's value goes down too far we can eat it. nt |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:23 PM Response to Reply #30 |
36. Google hyperinflation. That's why this is a terrible idea. |
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ret5hd (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #36 |
37. are you against raising the debt ceiling also? |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #37 |
42. No it isn't. |
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ret5hd (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #42 |
43. Who are you borrowing it from? the fed fabricates it. |
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ileus (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #30 |
40. That would make one hell of a good collectors coin some day. |
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geardaddy (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:24 PM Response to Reply #30 |
41. Just don't let Homer use it in the pop machine |
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onenote (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 01:27 PM Response to Original message |
44. a gimmicky solution that will actually not solve anything |
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