How long until they mysteriously disappear?
US Mint to Create Two $1 Trillion Platinum Coins
Asher Parker
Henry Russell
Doubt Lindsay Graham allows this to happen
Jaxon Reyes
interesting, if true, then they are probably doing to stabilizing the USD (reduce deflation).
do you have a source for it?
Michael Rodriguez
le big mario coin
Justin Torres
Cooper Perry
lol yea, didn't even read the rest of the post.
Brandon Cook
Zachary Ortiz
Wasn't this originally Obamas idea?
Brandon Evans
>demonetize the stolen coins
>mint other ones
Problem solved. This is just a loophole for something that wasn't meant to be.
Angel Diaz
now this is interesting. when was the last time the mint did something like this for the Fed?
Brandon Baker
I think Obama tried
Fed said no
I guess Tromb don't care about Fed as much these days
Austin Myers
>Jamal and Sanchez, each with their 15 kids, will receive $32k in gibs and $16k per month for at least an entire year
ABSOLUTELY FUCKING BASED
Gabriel Martin
what would the cost be of issuing all those cards?
I'd expect 50% of them to just disappear in the mail.
Bentley Rogers
Does the US Mint have $2 trillion in Platinum sitting around?
Quick googling shows that this is probably nonsense fuckery
>And we know that about 2.2 million ounces of platinum are in existence above ground (as of 2017).
>At today's dollar price (a little above $860 per ounce, as of November 11, 2018), that comes to about $1.9 billion.
Unless the entire platinum supply in known world is actually just 0.1% of the available platinum, and the US mint is sitting on the other 99.9%, this is basically just them printing two coins and declaring they are worth a trillion dollars each. It's literally the most retarded version of money printing you can think of.
Nathaniel Ward
And it's met with overwhelming support!
LET THEM IN, AND GIVE THEM $1000 CHECKS!
William Roberts
It doesn't matter what the market value is it matters what the mint says the value is. If they say they are worth $2 trillion they are.
Justin Rogers
This is what they always do with PMs.
The denomination is never as good as the spot price
Grayson Kelly
can they just revalue it so that their stacks are now worth trillions?
James Cox
We should just print a few quintillion dollars and make every american a millionaire.
Noah Perry
Yeah, why not? Who are we to tell them it isn't possible.
Anthony Scott
They don't. I recall looking up large currency and these large coins aren't legal tender for regular purchases, but more as of a way to balance the books.
Many years ago, large bills ($100,000+) were sent to US treasuries as a way of them showing the have that money. Now it's pretty much digital.
Hudson Carter
is this real or is it clown world?
Ethan Hall
Rome tried it with the denarus, didn't work out. Eventually reality wins.
The mint can't really 'declare' a revaluation. Sure they could say 'we are willing to buy platinum at twenty thousand dollars an ounce' or something, but then where are they going to get the money to buy it? The US Mint is self funded and only does about a billion dollars a year in revenue. Theoretically if the govt cooperated I guess the Fed could just turn on the brrr printer, but that's a pretty guaranteed way to immediately collapse USD.
Man once people like Tlaib or AOC start getting into serious positions of power where they have control over the money supply, they are going to tank the dollar so hard and so quickly they'll have to invent new terms because 'hyper' won't be a good enough prefix for 'inflation'.
William Sullivan
They better be fuck huge.
Jonathan Watson
>Unless the entire platinum supply in known world is actually just 0.1% of the available platinum, and the US mint is sitting on the other 99.9%, this is basically just them printing two coins and declaring they are worth a trillion dollars each
Yeah just like when the print paper dollars. Not sure what the point of doing coins this time is. Maybe they think people believe minting fake coins is less bad than printing fake paper money?
Christopher Ortiz
>Platinum coins to be minted with face value of one trillion $USD
>each one weighs 10 ounces
uh,... guys
Angel Baker
how is this different from making the money machine go brrrrr
Isaac Cox
Coin printer go clink
Adam Cruz
I'll actually side with them on this one only because I feel the same way about apple products yet here we are.
Sent from my iphone.
Aaron Thomas
>coinpress goes fump
Isaiah Watson
It's just the Federal Reserve creating a couple trillion then sliding it over to the Treasury. I wouldn't sweat it, but it's neat to watch.
Nolan Diaz
both
Carson Moore
Why not mint 5 coins worth 10 gorillion and then we're all rich. Checkmate capitalists.
Benjamin Foster
She's about as smart as she looks
Blake Ortiz
Lol, Platinum price not even going up after this mega news.
Easton Jackson
She looks as intelligent as the crap I wash off of my shoes after talking a walk in the forest when it has rained the day before.
Adam Torres
you retard. it's to ease the budget. the treasury mints 2 coins and say they are worth 1 trillion. the fed prints 2 trillion USD and buys it from the treasury. now the treasury has 2 trillion USD surplus without having had to print money (as they can't print directly, only this roundabout way)
Sebastian Miller
But why stop at 2 trillion, why not do a quadrillion and give every american $100k?
Josiah Walker
>the most interesting line in this whole thing
guess who just btfo?
Juan Price
it'll be enough to give every american citizen $6,112.46
Angel Howard
>this is basically just them printing two coins and declaring they are worth a trillion dollars each.
Boy you'd be surprised if you knew how fiat money works
Wyatt Baker
Why not print no money at all and recall all american dollars so that there are 0 dollars and we no longer have to worry about inflation.
Jace Ward
So roughly $10,000 for all tax payers, or about 8 months with the current plan of giving everyone $2k + $1k each month
Carter Reed
I saw it floated around 2008 timeframe. So yeah
Luke Ramirez
>give to american citizen
haha you make me chuckle
Ayden Clark
>They matter just as much as anyone
Elijah Flores
Specifically to pay off our national debt.
Dominic King
wait whaaaaaaatttttt??????
Caleb Brown
you can tell how much they hate whites because otherwise it would've said "every taxpayer"
Jace Green
yeah....just totally fuked ((((them)))) over
(sshhh....biz still doesn't catch on yet)
David Gomez
What, printing your own money? Only hitler would do such a vile thing. You have to ask goldsteinberg for a loan goy, this isn't right.
Kayden Perez
Congress has the authority to mint coins not print money
Brody Perez
(((seething))) already
>NONONONONO THATS OUR JOB GOYS
Julian Evans
>not being in debt for generations
watch how the media is suddenly going to rip this plan apart when it dawns on them
Aiden Parker
FUCKING SCAM. Nobody is ever going to pay taxes again.
Joshua Lopez
Kek the whole economy is just some ponzi game lmao
Henry Gomez
>implying we were ever supposed to
irs was formed in 1913 same year as fed.
its all been a slavery scam from day 1. the founders never intended for you to live like this...
Jose Gray
It's just a formality to keep the government from shutting down.
Eli Rogers
>A FUCKING LEAF
Leo Fisher
Here's another one! ((()))
Landon Reed
When new american revolution?
Camden Stewart
Wait how the heck does a person without a bank account, social security, or home address get money from this?
Dylan Robinson
just make more money lmaoo