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Re: debt ceiling, meet platinum coin 

By: faul in ALEA | Recommend this post (1)
Thu, 06 Dec 12 8:06 AM | 66 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12112 of 54959
(This msg. is a reply to 12097 by Cactus Flower)
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Sure,every sovereign government should follow
suit,why stop at just creating 2 coins,create
100 or a thousand and hey presto you just
went from the poorest sovereign in the world
to the richest.....

Fact is over 95% of "money" is electronic
credit created out of thin air on a computer
by Banks.....

Serfs have to work for their credit money while
bank/government overlords create it from nothing
and then use it to further indebt the serfs.....

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The above is a reply to the following message:
debt ceiling, meet platinum coin
By: Cactus Flower in ALEA
Wed, 05 Dec 12 8:10 PM 		Msg. 12097 of 54959

http://www.cnn.com/2011/OPINION/07/28/balkin.obama.options/index.html?hpt=hp_c1

"Are there other ways for the president to raise money besides borrowing?

Sovereign governments such as the United States can print new money. However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.

Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds."

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