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Author Topic: Obama is considering making money by himself  (Read 1392 times)
johnyj
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October 09, 2013, 12:01:28 AM
 #1

http://blogs.marketwatch.com/capitolreport/2013/10/08/obama-distracts-with-shiny-trillion-dollar-coin-reference/

Although he denied the idea, he is evaluating the possibility, in a worst case scenario, he might go ahead and issue his own trillion dollar coin, and once he did it, he will find out that there is no need for FED Cheesy

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p2pbucks
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October 09, 2013, 12:29:58 AM
 #2

http://blogs.marketwatch.com/capitolreport/2013/10/08/obama-distracts-with-shiny-trillion-dollar-coin-reference/

Although he denied the idea, he is evaluating the possibility, in a worst case scenario, he might go ahead and issue his own trillion dollar coin, and once he did it, he will find out that there is no need for FED Cheesy

Bo now is reading <My father's kingdom dream>  Grin
Ekaros
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October 09, 2013, 12:52:02 AM
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But can government afford to mint such a coin?

Just a ounce of the stuff cost 1500USD... And they are insolvent. How can they afford such a payment?

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Philj
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October 09, 2013, 02:19:45 AM
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But can government afford to mint such a coin?

Just a ounce of the stuff cost 1500USD... And they are insolvent. How can they afford such a payment?

It could still be a one ounce coin that has a face value of 1 Trillion Dollars. A government issue coin doesn't have to have any relation between face and melt value.
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October 09, 2013, 02:21:50 AM
 #5

http://blogs.marketwatch.com/capitolreport/2013/10/08/obama-distracts-with-shiny-trillion-dollar-coin-reference/

Although he denied the idea, he is evaluating the possibility, in a worst case scenario, he might go ahead and issue his own trillion dollar coin, and once he did it, he will find out that there is no need for FED Cheesy
It is interest free, and if he makes 16 of them he can pay off the debt rather quickly.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
viboracecata
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October 09, 2013, 08:55:29 AM
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Wall Street billionares can do this, but not obama.

jamesc760
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October 09, 2013, 03:51:24 PM
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Leave Obama alone. He's doing the best he can. It's the Rethuglicans who are ruining the country. STOP ELECTING REPUBLICANS. I am a proud member of American Independent Party and I refuse to vote for Republican candidates.
Ekaros
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October 09, 2013, 03:53:41 PM
 #8

But can government afford to mint such a coin?

Just a ounce of the stuff cost 1500USD... And they are insolvent. How can they afford such a payment?

It could still be a one ounce coin that has a face value of 1 Trillion Dollars. A government issue coin doesn't have to have any relation between face and melt value.

You didn't get the joke Grin

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wolverine.ks
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October 14, 2013, 03:59:24 AM
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It is interest free, and if he makes 16 of them he can pay off the debt rather quickly.

BREAKING NEWS: OBAMA PAYS OFF NATIONAL DEBT IN A SINGLE AFTERNOON!

OR

US GOVERNMENT ENDS ALL TAXES AS INFLATION SKYROCKETS

I could go for either of those right about now.

Mike Christ
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October 14, 2013, 04:13:56 AM
 #10

Leave Obama alone. He's doing the best he can. It's the Rethuglicans who are ruining the country. STOP ELECTING REPUBLICANS. I am a proud member of American Independent Party and I refuse to vote for Republican candidates.

They're both doing their equal share of turning this country into shit.  It doesn't matter who you vote for, all that matters is whether you believe a magical man will solve all your problems if you could just get the right one...or whether you do not.

Gleason
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October 14, 2013, 05:10:42 AM
 #11

Leave Obama alone. He's doing the best he can. It's the Rethuglicans who are ruining the country. STOP ELECTING REPUBLICANS. I am a proud member of American Independent Party and I refuse to vote for Republican candidates.

They're both doing their equal share of turning this country into shit.  It doesn't matter who you vote for, all that matters is whether you believe a magical man will solve all your problems if you could just get the right one...or whether you do not.

exactly. You are a moron if you think one party is responsible for all the Garbage that has befallen this Country. It is clear abuses by both sides.

It sounds like Jamesc watches too much of our Democrat bought, garbage ass main stream liberal media. Crock of shit they call "news"  

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balanghai
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October 14, 2013, 05:15:21 AM
 #12

Oh no! The coin fell to the sewer!  Shocked

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