No to Trillion Dollar coins

[wirelessguru1]

GOP lawmaker proposes ban on trillion dollar coin!



Amid a smattering of calls for President Obama to skirt a looming debt ceiling fight by minting a couple of trillion-dollar coins, one Republican lawmaker says he's introducing a bill to make sure it doesn't happen...

http://www.cbsnews.com/8301-34222_162-57562559-10391739/gop-lawmaker-proposes-ban-on-trillion-dollar-coin/

 

[Evil Eye]

A trillion dollar note it is!

 

[wirelessguru1]

Make sure you don't lose that note (coin)...

LOL



BTW, I do also wonder how one gets change for that...

 

[Evil Eye]

Make sure you don't lose that note (coin)...

LOL

I'm sure they'll return it

BTW, I do also wonder how one gets change for that...

Maybe you're supposed to cut it into bits

How many will be made so I can steal one...

Like that'd work. There'd be few enough of them to know who owns them.

 

[wirelessguru1]

There'd be few enough of them to know who owns them.

If some one owns one of those and really thinks that it is really worth $1 trillion, I have some swamp land to sell them in Florida... LOL!



The point is that a trillion dollar coin makes it really obvious for all to see how fake the entire debt-based fiat-money system really is...

 

[Evil Eye]

Ah, of course, but people would believe them to be worth a trillion dollars. (Or at least quite a lot.)



You can see a more moderate example of this kind of behaviour in expensive cars: A company produces a car (it's a very nice car, unlike these trillion dollar coins), except they only produce about 300 of them. Next thing you know you're paying 2 million.



Then there's art... those prices are quite insane as well.

Everything is worth what its purchaser will pay for it.​

 

[McConnaughay]

If there's a trillion dollar coin that comes out one day, I'll do the same thing that I do when I see a spider in my room, I'll get a shoe, ... get another shoe, put them on, burn the house down, and run away screaming.

 

[wirelessguru1]

Ah, of course, but people would believe them to be worth a trillion dollars. (Or at least quite a lot.)



You can see a more moderate example of this kind of behaviour in expensive cars: A company produces a car (it's a very nice car, unlike these trillion dollar coins), except they only produce about 300 of them. Next thing you know you're paying 2 million.



Then there's art... those prices are quite insane as well.

Everything is worth what its purchaser will pay for it.​

Yes, people also collect old coins, comic books, art, etc, but it would indeed be truly insane if any of those things is or becomes valued at the trillion dollar level! LOL!!!

 

[Evil Eye]

Right now, yes... in the future, who knows. I deem it fairly likely that it will happen sooner or later :/

 

[wirelessguru1]

Well, in the future we may also get into the quadrillions and then the insanity will be complete. LOL!

 

[Evil Eye]

Ah actually: http://en.wikipedia.org/wiki/Zimbabwean_dollar

 

[wirelessguru1]

Ah actually: http://en.wikipedia....mbabwean_dollar

..indeed, indeed. That clearly shows the insanity of it (money) all... LOL

 

[wirelessguru1]

More on the trillion dollar coin. LOL



A Trillion-Dollar Coin Brings a Jackpot of Jests:



http://www.nytimes.com/2013/01/10/business/a-trillion-dollar-coin-brings-a-jackpot-of-jests.html?_r=0

 

[Evil Eye]

Look at this: http://www.bbc.co.uk/news/magazine-21145103

Carefully guarded in the Bank of England's vaults are a small number of very large banknotes. Called giants and titans, they are not in circulation for good reason - each is worth a sum of money most of us can only dream of. What are they for?

When it comes to a £1m note, everybody thinks, 'What a fantastic thing', says Barnaby Faull, head of the banknote department at the auctioneers Spink.

 

[wirelessguru1]

Well, most of trillions are just kept as e-money (as a number on a computer screen) these days. They don't even bother to print them. It saves paper...

It also shows you how fake fiat money really is...

 

[Evil Eye]

Well, most of trillions are just kept as e-money (as a number on a computer screen) these days. They don't even bother to print them. It saves paper...

Yeah, it's rather more practical, though security could be an issue.

It also shows you how fake fiat money really is...

Definitely, though gold isn't exactly valuable either.

 

[wirelessguru1]

What about actors and NFL/sports players? Been going up, no?



Because the team owners either think they or worth that much and/or willing to pay that much for the player, or the actor...

Only because the audience (fans) and the corporate advertisers are still willing to pay the higher prices...

 

[Evil Eye]

Only because the audience (fans) and the corporate advertisers are still willing to pay the higher prices...

Everything is worth what its purchaser will pay for it.

Regardless of how sensible that really is :/