well almost..
Obama has a plan.. he is going to pay down his debt..
well take that federal reserve hating conspiracy guys.. just when they thought they had us over their fancy little bank counter.. and up to our eyeballs in debt..
do ya think the Illuminati, Bilderbergers and the Old world order will be happy with their shiny new trillion dollar coins.. :lol:
I say mint a small pile. pay off the Chinese.,, buy Saudi Arabia and a few other oil rich countries.. not the ones having all that Arab spring stuff though.. no sense buying broken countries.. oh and give one to Afghanistan so they can buy some out of work army, and we can get out of there..
and give one to Obama and his administration as their whole entire retirement package..
really who thinks this up.. probably the same guy who wanted to print the two dollar bills..
Obama has a plan.. he is going to pay down his debt..
WASHINGTON — If President Obama wants to avoid an economic calamity next year, he could always show up at a news conference bearing two shiny platinum coins, each worth ... $1 trillion.
The U.S. government is facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by February at the latest. Unless Congress reaches an agreement to lift the debt ceiling, the government will no longer be able to borrow enough money to pay all its bills.
. Under current law, the Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.
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. The Fed moves this money into Treasury's accounts. And just like that, Treasury suddenly has an extra $2 trillion to pay off its obligations for the next two years — without needing to issue new debt. The ceiling is no longer an issue.
well take that federal reserve hating conspiracy guys.. just when they thought they had us over their fancy little bank counter.. and up to our eyeballs in debt..
do ya think the Illuminati, Bilderbergers and the Old world order will be happy with their shiny new trillion dollar coins.. :lol:
I say mint a small pile. pay off the Chinese.,, buy Saudi Arabia and a few other oil rich countries.. not the ones having all that Arab spring stuff though.. no sense buying broken countries.. oh and give one to Afghanistan so they can buy some out of work army, and we can get out of there..
and give one to Obama and his administration as their whole entire retirement package..
really who thinks this up.. probably the same guy who wanted to print the two dollar bills..