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PostPosted: 05 Jan 2013, 12:13 

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With a debt ceiling threat approaching for the US, some people have organized a petition to have a platinum coin minted that is worth $1 trillion. The coin, some say, will help drastically reduce debt, while others believe it will induce hyperinflation. The story can be found here:

Trillion Dollar Coin Story

PostPosted: 08 Jan 2013, 09:47 
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Yeah, I heard about this on the news. I'm not sure I see this fixing our problems. It's a short-term fix for a long-term problem. Technically, at least this is what I've heard, though I don't know that I buy it, it shouldn't cause inflation because it's not going to be circulated money. I don't know that I buy that, though, because it seems that every country could then pay off its debt just by making a large amount of money and sending it to whoever they owe money to. I dunno.

Either way, the problem in our country is that politicians add too much pork into legislation (just look at what happened to Sandy and the recent fiscal cliff mess) and we have money that's going to things we don't need. According to some of my military friends, there are defense contracts, for instance, that the military doesn't even want, but politicians won't vote no on that because it'll get spun as being anti-American. So they get contracts for stuff they don't even want or need.


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