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Thread: Can Trillion Dollar Coins Save the Economy?

  1. #101
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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Fenton View Post
    All that and you didn't even touch on the primary reasons Canada's debt is shrinking and they're able to fund their social welfare systems.

    Small relative population and they sell A LOT of oil.
    1) Canada’s government debt is not shrinking. In truth, Canada’s [Conservative party run] Federal debt is actually increasing even vs GDP, still recovering from the recession hit (well maybe recovering somewhat from the Conservative party now gaining more control via a majority government, we shall see). It is overall the overall government debts that are dropping vs GDP.
    2) Canada turned the corner on Debt vs GDP when crude was below $30/barrel. Sure oil and gas exports are an important part of the economy but the US has an economy, too, right? It isn’t exactly a rinky-dink mudhole of Elbonia.
    3) Canada has chosen this, the US likewise does have the choice. The same choice was even made to do so, up until roughly the turn of the century. Then the paths diverged. It will take some time to turn it around, even after the actual choices are made. One small step was made in the early morning of Jan 1, lots and lots of more little steps are ahead of us.
    Class hierarchy is just another liberal construct used to divert and divide.


    A “liberal construct” in the sense of ‘riting and reading folk using language to denote actual divisions that have already been made.
    The current "hierarchy" is far better than to two class system Obama and the progressives support.
    Which class system would that be?
    Last edited by Dwight; 01-08-13 at 10:08 AM.

  2. #102
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    Re: Can Trillion Dollar Coins Save the Economy?

    Be Ready To Mint That Coin - NYTimes.com

    "Enter the platinum coin. There’s a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector’s items — but that’s not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling — while doing no economic harm at all."

    Just a little excerpt from Paul Krugman's article. The debt ceiling debacle. Funny money, perhaps? If the FED likes those 0 % interest US Treasuries, it would surely love a real intrinsic commodity, or not? Is that a dead mullet or herring?

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by DaveFagan View Post
    Be Ready To Mint That Coin - NYTimes.com

    "Enter the platinum coin. There’s a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector’s items — but that’s not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling — while doing no economic harm at all."

    Just a little excerpt from Paul Krugman's article. The debt ceiling debacle. Funny money, perhaps? If the FED likes those 0 % interest US Treasuries, it would surely love a real intrinsic commodity, or not? Is that a dead mullet or herring?
    Krugman is out of his gourd.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Samhain View Post
    Krugman is out of his gourd.
    He's the crazy cat lady stuck in a pudgy bearded mans body.

    Did you hear he turned down the Treasury Secretary's job and explained how his position as a OP-Ed writer at " the Worlds Paper" was job enough for the twisted little pudgy bastid.

    Yep. Only problem, the position was never offered to him.

    And liberals idolize that fool.
    Last edited by Fenton; 01-08-13 at 12:25 PM.

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    Re: Can Trillion Dollar Coins Save the Economy?

    I’m just a bit confused here, according to the liberals the economy is doing so much better, why with all those jobs claimed to be created, Obama elected for another term, what do we have to worry about ??? Every one is so much better off, and according to more then a few liberals in here, with the interest rate so low … we “NEED” to be borrowing a lot more money.

    So what is the need to do anything, why with all these improvements taking place under this administration , all we need to do is continue down the path we are on, and in 4 more years why every things is going to to be peaches and cream right ??

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Dwight View Post
    1) Canada’s government debt is not shrinking. In truth,
    Canada’s [Conservative party run] Federal debt is actually increasing even vs GDP, still recovering from the recession hit (well maybe recovering somewhat from the Conservative party now gaining more control via a majority government, we shall see). It is overall the overall government debts that are dropping vs GDP.
    2) Canada turned the corner on Debt vs GDP when crude was below $30/barrel. Sure oil and gas exports are an important part of the economy but the US has an economy, too, right? It isn’t exactly a rinky-dink mudhole of Elbonia.
    3) Canada has chosen this, the US likewise does have the choice. The same choice was even made to do so, up until roughly the turn of the century. Then the paths diverged. It will take some time to turn it around, even after the actual choices are made. One small step was made in the early morning of Jan 1, lots and lots of more little steps are ahead of us.



    A “liberal construct” in the sense of ‘riting and reading folk using language to denote actual divisions that have already been made.

    Which class system would that be?
    You think its possible to legislate away human nature ? Or that it's wise to give any Government entity the power to be the arbiter of fairness or to have the power to deconstruct naturally occurring social pecking orders among human beings ?

    Because money or no money the hierarchy will remain as the truth hopefully will become apparent to you that NO we're are not all born equal nor do we mature equally.

    Confiscate all the wealth,( just an example Kochise ) and distribute it evenly and in 5 years the poor will emerge as the poor prior and the rich will bevome well,rich again.

    You want to tear down the existing hierarchy based on the precepts of monetary and social fairness ?

    And maintain it how ? Through the end of a loaded gun because thats what it would take thereby creating two classes.

    The Controlled and the Controllers or the Have and the Have nots.

    In the interest of just pure fiscal diversity and freedom I tend to think our current system minus the ass-clown Obama and his ilk is just fine.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Fenton View Post
    You think its possible to legislate away human nature ? Or that it’s wise to give any Government entity the power to be the arbiter of fairness or to have the power to deconstruct naturally occurring social pecking orders among human beings ?
    I think it would be a good thing if this country headed back to being the “land of opportunity” rather than the direction of the “land of opportunity if you happened to spring from the right set of genitals [or were adopted by same]” it has been heading for some time. On the balance that would be a very good thing for the longterm prospects of this country and its citizens.

    I do not expect 100%. But not being able to reach perfection is a very, very poor excuse for inaction.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by 0bserver92 View Post
    they could always ask zimbabwe.
    bingo


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

  9. #109
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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Fenton View Post
    You want to tear down the existing hierarchy based on the precepts of monetary and social fairness ?

    And maintain it how ? Through the end of a loaded gun because thats what it would take thereby creating two classes.

    The Controlled and the Controllers or the Have and the Have nots.
    1) Gibberish, cartoonish imaginings on your part.
    2) We already have that here to far more an extent than you realize. The “monetary and social fairness” structures of this country entrench a class system to a greater extent that most of the other Western, industrialized nations. Albeit on a somewhat sliding scale and not as structured and labeled, as say India.
    3) Ergo what I am talking about actually heads in the opposite direction of that.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by rocket88 View Post
    bingo
    The money never enters the economy.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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