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1Trillion Dollar Coin...
#11
Deal_me_in;65633 Wrote:
RugerGirl;65601 Wrote:I didn't even get the trillion dollar coin thing. It must just be sooooo brilliant that it's over my level of intelligence. Or something.

Rolleyes

Do you know how balance sheets work? It's just a coin that they assign a trillion dollar value to. This shows as an asset on the balance sheet and allows them to issue 1 trillion dollars worth of bonds without raising the debt ceiling. It's a trick to avoid the debt ceiling, nothing more.

Like I said....its just tooooo brilliant for me....

But I'm gonna try it myself tomorrow. Yep. I'm gonna make me a coin and get people to buy into it and....

Rolleyes
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#12
RugerGirl;65642 Wrote:
Deal_me_in;65633 Wrote:Do you know how balance sheets work? It's just a coin that they assign a trillion dollar value to. This shows as an asset on the balance sheet and allows them to issue 1 trillion dollars worth of bonds without raising the debt ceiling. It's a trick to avoid the debt ceiling, nothing more.

Like I said....its just tooooo brilliant for me....

But I'm gonna try it myself tomorrow. Yep. I'm gonna make me a coin and get people to buy into it and....

Rolleyes

Just go into your local bank and tell them you have a trillion dollar coin and you would like to borrow a trillion dollars aginst it's value. I would actually like to see the look on the loan officers face.
Deal_me_in, proud to be a member of pa2a.org since Sep 2012.
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#13
I keep 50 billion in my wallet in case of emergencies Tongue.
The forum poster formerly known as Emoticon...
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