8261 replies to this topic

[ams]

rice,humidity and ferrari's

Rice, humidity, ferrari's and vagina's.

[B4TT]

rice,humidity and ferrari's

hahahahahahahahahahahaahahahahahahahahahahahaahhaahahahahhaa

[B4TT]

[Shaz]

Hahahahahahahahahahahahaha ----^ so true.

[Adam]

And boobs.

Need home time to hurry up. Shaz buy the rest of the afternoon please!

[Shaz]

I was looking at that 1 trillion dollar coin thing Josh.

Its basically like injecting 1 trillion dollars into the economy, but, by minting a platinum coin, it won't affect inflation or the USD. Its a loophole to allow the US to raise their debt ceiling.

TL;DR - USA wants to borrow money, to help them cut spending, but without the negative effects of injecting so much currency into the economy.

[B4TT]

If Shaz was a true good bloke he would buy the Northern Hemispheres Winter and bring it down here so we get more skiing (And Snowboarding for you 'Dam)

[ams]

I like the other top comment.

[–]waccused 2230 points 4 days ago


Elizabeth II is still the queen of England.

[Adam]

If Shaz was a true good bloke he would buy the Northern Hemispheres Winter and bring it down here so we get more skiing (And Snowboarding for you 'Dam)

I agree!

[B4TT]

But my minting a trillion in one go that surely has to effect the value of the USD, even if it is ever so slightly? I dunno sounds dodgy to me.

[Adam]

Nom nom nom. Pasta!


Is that allowed josh? Or is t too similar to rice?

[Shaz]

But my minting a trillion in one go that surely has to effect the value of the USD, even if it is ever so slightly? I dunno sounds dodgy to me.

Well, technically, it isn't a currency that will affect the economy, because there is no "$1,000,000,000,000.00" coin in circulation.

[Adam]

Shalom.

The us could borrow money from me. But ain't no body gittin my cash!

[Shaz]

They basically make the coin, and ship it to Obama. The federal reserve then credits the USA Fund account with $1,000,000,000,000.00. Once that credit is in the Trust fund, Obama then issues $1,000,000,000,000.00 in Bonds, and the coin is then shipped back to the federal reserve, and melted.

Its a loophole that is similar to allowing additional tax revenues. The way the loophole works, is that because the coin technically was never "issued" or "circulated" it doesn't affect the USD, whilst still allowing the US to issue the bonds.

Does that make sense?

Its like the RBA issuing Gillard a bit of paper saying "IOU $1,000,000,000,000.00" then, when she spends it all on bonds, she gives them back the bit of paper, they burn it, and then she repays it back over due course, once the returns from the bonds purchased using the funds flows back into the trust.

[ams]

So what stops bumfuck Nigeria or some other poor-ass country doing the same thing?

[B4TT]

Nom nom nom. Pasta!


Is that allowed josh? Or is t too similar to rice?

I will allow it.






I like pasta!

[nickknack]

Could we somehow steal the coin? I could use a trillion dollars

[B4TT]

So what stops bumfuck Nigeria or some other poor-ass country doing the same thing?

Who is going to buy Nigerian bonds?

Could we somehow steal the coin? I could use a trillion dollars

Imagine rocking up to pay for your Pizza with a $1 Trillion coin........ hahaha

Change = $999,999,999,985

[ams]

Who is going to buy Nigerian bonds?

Like, used underwear?

[B4TT]

Like, used underwear?

Well, the Japanese will purchase used underwear