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Thread: WTFudge is this "trillion dollar platinum coin" nonsense?

  1. #41

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    The up side, it fits in a piggy bank.
    Last edited by Henry Rogue; 01-05-2013 at 10:49 AM.
    Peace.


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  3. #42

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    Quote Originally Posted by SilenceDewgooder View Post
    someone did their math...
    Quote Originally Posted by psi2941 View Post
    http://news.yahoo.com/trillion-dolla...-politics.html



    These fuckers are just getting blunt. Since "there is a law how much paper, gold, silver or copper currency can be circulated" they are just going to go around it by using another metal. Why not just use bull shit as currency?
    Quote Originally Posted by CaptUSA View Post
    Too easy to counterfeit. They want a monopoly on that practice.
    lmao

    I love this forum.

  4. #43

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    Why do so many think that the value of the coin should be the same as the face value? Does a quarter hold exactly 25 cents of metal?
    The main problem here is that the administrative branch of government would be bypassing the legislative branch by using a loophole in the law. Not illegal but definitely immoral.
    If you tell a lie long enough, loud enough and often enough, the people will believe it.-------Adolf Hitler

  5. #44

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    They say there will be no inflation because no money will be pumped into the system.but i guarantee that since we owe China over a trillion dollars,they will not take one of these coins as payment.So even if we pretend we have a trillion extra dollars we will have to pay back our debt in regular bills.Now granted China will most likely never call in all there debt owed to them at once.

    So as usual all it does it gives them a excuse to kick the can down the road a little farther but does nothing to solve the problem.

  6. #45
    une plume de Libertée GunnyFreedom's Avatar
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    Quote Originally Posted by fatjohn View Post
    Why do so many think that the value of the coin should be the same as the face value? Does a quarter hold exactly 25 cents of metal?
    Until they made a conscious decision to debase the currency, yes, yes indeed.

    The main problem here is that the administrative branch of government would be bypassing the legislative branch by using a loophole in the law. Not illegal but definitely immoral.

  7. #46
    "I am commonly opposed to those who modestly assume the rank of champions of liberty, and make a very patriotic noise about the people. It is the stale artifice which has duped the world a thousand times, and yet, though detected, it is still successful. I love liberty as well as anybody. I am proud of it, as the true title of our people to distinction above others; but...I would guard it by making the laws strong enough to protect it."

    --Fisher Ames, letter to George Richard Minot, 1789

  8. #47

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    Quote Originally Posted by fatjohn View Post
    Why do so many think that the value of the coin should be the same as the face value? Does a quarter hold exactly 25 cents of metal?
    The main problem here is that the administrative branch of government would be bypassing the legislative branch by using a loophole in the law. Not illegal but definitely immoral.
    I haven't researched it ,but my guess is post "64" quarters are over valued and pre "65" Quarters are under valued. Stamping a value on any money maybe part of the problem. Of course without a value, money would be an accounting nightmare.
    Peace.

  9. #48

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    Declare Pamela Anderson to be your National Debt and there will be no problem servicing it.
    The LAND Of Israel Forever

    The armed man asks 'Why?'.The unarmed man says 'Yes!'.

  10. #49
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    Quote Originally Posted by Henry Rogue View Post
    I haven't researched it ,but my guess is post "64" quarters are over valued and pre "65" Quarters are under valued. Stamping a value on any money maybe part of the problem. Of course without a value, money would be an accounting nightmare.
    1964 back, $5.45 ea, afterwards, $2.00 of base metal value in a roll of quarters.

  11. #50

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