Tuesday, January 8, 2013 - 5:20 PM

Obama's Trillion Dollar Platinum Coin

We today glimpse the precise form of Obama's inflation sceptre. It is a trillion dollar United States of America platinum coin . . . a mere coin . . . but worth (supposedly) a trillion US dollars. With one (or several) of these coins Obama can destroy all our CDs' purchasing power and, for that matter, all of our savings of whatever nature.

Just a few such coins can bring the end of America. And it's all completely legal.

Kaight24 posts since
Dec 5, 2011
Rep Points: 594

Edit | History

There are two articles about this catastrophe already on Bloomberg.com. Better to go there to find the details.

Bloomberg: Debt Limit Showdown Spurs Debate On Trillion-Dollar Coin

Quick
Summary

1. Tuesday, January 8, 2013 - 6:13 PM

Are we back to the doom and gloom Nostradamus predictions?

Geez, get a grip of yourself, will you? Just because it's conceivable, it doesn't mean it's going to happen.

darkdreamer4u168 posts since
Jun 11, 2010
Rep Points: 597

2. Tuesday, January 8, 2013 - 6:37 PM

Obama hasn't said anything about the trillion-dollar coin idea. But during the 2011 debate on the debt ceiling, he rejected a similar "escape clause" proposed by former President Bill Clinton to simply cite the 14th Amendment's language that the "public debt ... shall not be questioned."

Shorebreak1,280 posts since
Apr 6, 2010
Rep Points: 4,782

3. Tuesday, January 8, 2013 - 8:24 PM

Shorebreak: Are you determined to make my ulcers even worse? Where is Dr. Kevorkian? Maybe we can get a Group rate! :)

paoli2447 posts since
Aug 10, 2011
Rep Points: 1,771