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  • Ha! Imagine losing THAT in your couch.
  • Maybe asinine. But an asinine problem requires an asinine solution. We have enough problems without adding arbitrary ones on top, like the invented debt ceiling and its subsequent biannual invented crisis.

    Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve.

    What's the actual physical process for moving the coins from the US Mint to the Federal Reserve? If they're stolen, does the US government just declare them worthless?
  • The only thing that trumps trillion dollar platinum coins is the set of brass on the guy who tries to implement said strategy...
  • Arbitrary problems have arbitrary solutions.
  • Lumpmoose: Maybe asinine. But an asinine problem requires an asinine solution. We have enough problems without adding arbitrary ones on top, like the invented debt ceiling and its subsequent biannual invented crisis.

    Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve.

    What's the actual physical process for moving the coins from the US Mint to the Federal Reserve? If they're stolen, does the US government just declare them worthless?


    They wold be fairly easy to prove stolen I imagine.

    Pawnshop probably couldn't make change.
  • Now if Obama really wanted to troll, he'd super glue it to the Capitol steps.
  • By the headline, I thought they were literally going to mint 2 trillion in plat coins. I wasn't sure if there was even enough platinum on earth to do that.
  • I was all set to ask if a trillion dollars worth of platinum even existed, then I saw the scheme was one of those worth-by-fiat things.

    They should use rhodium. It's currently worth more per mole than the other precious metals.
  • yeah, I'd get in line to loan money to the government that pulled that...
  • "I like it," said Joseph Gagnon of the Peterson Institute for International Economics. "There's nothing that's obviously economically problematic about it."

    Must be the Peterson Institute for International Economics for the Mentally Challenged. What a total farkwit.
  • Holocaust Agnostic: Lumpmoose: Maybe asinine. But an asinine problem requires an asinine solution. We have enough problems without adding arbitrary ones on top, like the invented debt ceiling and its subsequent biannual invented crisis.

    Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve.

    What's the actual physical process for moving the coins from the US Mint to the Federal Reserve? If they're stolen, does the US government just declare them worthless?

    They wold be fairly easy to prove stolen I imagine.

    Pawnshop probably couldn't make change.


    Now, I want to help you out with this, but unfortunately, I just don't know enough about trillion dollar platinum coins to make a decision right now. Would you mind if I called a guy who's an expert in Numismatics?
  • PirateKing: Now if Obama really wanted to troll, he'd super glue it to the Capitol steps.


    I lol'd at that, thank you! I pictured all the derpy congresscritters trying desperately to pry the thing loose.
  • Deposit 2 moon rocks into the Federal Reserve. They are considered a National Treasure and apparently priceless. That would make the debt ceiling unlimited. Problem solved, forever.
  • FatherChaos: [cache.ohinternet.com image 442x334]


    That's true too....the law also does not prohibit the Treasury from issueing currency in the form of underwear, stale pretzels, or many other materials.
  • Bondith: I was all set to ask if a trillion dollars worth of platinum even existed, then I saw the scheme was one of those worth-by-fiat things.

    They should use rhodium. It's currently worth more per mole than the other precious metals.


    What would happen if you were to gather a mole(unit of measurement) of moles (the small furry critter) in one place?

    Link
  • Antimatter: By the headline, I thought they were literally going to mint 2 trillion in plat coins. I wasn't sure if there was even enough platinum on earth to do that.


    *shakes tiny fist*

    I shouldn't have wasted the time to go look up my Powerpoint presentation for the price per mole chart.
  • Make two extra coins and send them to China and call it even.
  • Tr0mBoNe: Arbitrary problems have arbitrary solutions.


    In the past, the police had somehow gotten it into their heads that it was illegal to take photographs of anything, anywhere. Some said it was because of "copyright" some said it was because of "homeland security", but the result was the same: they'd make you delete the photographs.

    One enterprising photographer came up with the idea of making a "photography license". It was similar to a library card, except that you added a photograph of your face in the top-left corner with glue or a laminator. When the cops stopped you for taking pictures, you could then respond, 'it's okay, I have a photography license', and show them it.

    An imaginative solution to an imaginary problem.
  • We should be doing this anyway. The law is pretty awesomely vague and cries out for hilarious abuse. As I read it, nothing is stopping Obama from minting a negative-$50 coin and slipping it into John Boehner's pocket.

    Lumpmoose: But an asinine problem requires an asinine solution.


    But seriously, that's exactly right. Obama will (hopefully) move heaven and earth to avoid doing this, because it basically puts a giant clown nose on the entire United States government, and he's not a member of the party that sees that as a good thing in the long run.

    But if it comes right down to it... I notice the White House is preemptively rejecting idea that the Fourteenth Amendment gives the President unilateral authority to spend past the debt ceiling. I notice they're not preemptively rejecting this.
  • Of all the Simpson's episodes that accurately commented on or predicted the future of our society, never in my wildest dreams did I think the trillion dollar bill episode would be one of them.

    Don't worry America, I'm sure having a government that continually confuses reality with parody will have no long term consequences.
  • Lumpmoose: Maybe asinine. But an asinine problem requires an asinine solution. We have enough problems without adding arbitrary ones on top, like the invented debt ceiling and its subsequent biannual invented crisis.

    Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve.

    What's the actual physical process for moving the coins from the US Mint to the Federal Reserve? If they're stolen, does the US government just declare them worthless?


    Go ahead. Try to spend them.
  • This is exactly why the GOP sucks. Government spending like a drunken sailor is the American way.
  • Ctrl-F "debas"

    *Not found*

    Wow, no one yet rending their garments over currency debasement. Farkers, you sometimes impress.
  • FTA: Thanks to an odd loophole in current law, the U.S. Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.

    Antimatter: By the headline, I thought they were literally going to mint 2 trillion in plat coins. I wasn't sure if there was even enough platinum on earth to do that.


    Size doesn't matter, you just mint a coin with '1 Trillion' stamped onto it and declare it worth $1 trillion. Isn't fiat math great??
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