JTF.ORG Forum
General Category => General Discussion => Topic started by: briann on January 10, 2013, 12:32:06 PM
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http://www.foxnews.com/politics/2013/01/10/legend-trillion-dollar-coin-grows-as-white-house-declines-to-rule-it-out/
(http://a57.foxnews.com/global.fncstatic.com/static/managed/img/Politics/0/371/treasury_1Tcoin.jpg)
All the White House had to do Wednesday was rule it out.
For days, the press and the pundits were abuzz with the fanciful notion that maybe -- just maybe -- the Treasury Department could avert a standoff over the debt ceiling by minting a cure-all trillion-dollar coin.
Surely, the White House would dash the idea, no?
But when asked, repeatedly, about the possibility, White House Press Secretary Jay Carney hedged.
Then he hedged again. And again.
And the legend of the trillion-dollar coin continued to grow.
Lawmakers are now railing against the idea, which has -- left unchecked -- become a seemingly legitimate point of debate. The National Republican Congressional Committee has launched a petition urging people to oppose the use of trillion-dollar coins to address any debt crisis.
NRCC Chairman, Rep. Greg Walden, R-Ore., says he plans to introduce a bill to short-circuit any such plan.
"This scheme to mint trillion-dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren't so serious about it as a solution. I'm introducing a bill to stop it in its tracks," he said in a statement.
In theory, here's how the trillion-dollar coin thing would work. Proponents of the idea point to a tiny section in the U.S. code that allows the Treasury secretary to "mint and issue platinum bullion coins and proof platinum coins" of a size and denomination of "the secretary's discretion." This is mainly for commemorative coins, but the idea is that the provision could be exploited as an ace-up-the-sleeve for the administration if Republicans try to block an increase in the debt ceiling. The argument is that minting a trillion-dollar coin is as ridiculous as Congress refusing to pay debts it has already accumulated ... so why not?
The White House, asked Wednesday about the idea, repeatedly said "there are no backup plans, there are no Plan Bs" other than for Congress to approve a debt-ceiling increase.
But while the White House has explicitly ruled out another option -- using an obscure provision of the 14th Amendment to unilaterally raise the debt ceiling -- Carney on Wednesday did not explicitly rule out the coin.
"Look, there is no substitute for Congress extending the borrowing authority of the United States," Carney said.
He was then asked: "Will you totally rule it out?"
Carney answered: "You could speculate about a lot of things, but there is -- nothing needs to come to these kinds of speculative notions about how to deal with a problem that is easily resolved by Congress doing its job, very simply."
Asked again later during the briefing about the coin, Carney said reporters should ask the Treasury Department "since Treasury, I believe, oversees printing and minting." Then he joked, "I have no coins in my pocket."
The Treasury Department, though, later declined to comment.
Nevertheless, the coin option appears to be highly unlikely.
"It's just a disguised new form of debt," former Congressional Budget Office director Douglas Holtz-Eakin told FoxNews.com earlier this week. "This would say (to the markets) they cannot manage their finances as a nation, they're down to gimmicky coins."
He added: "It would have all the implications of near-default."
Read more: http://www.foxnews.com/politics/2013/01/10/legend-trillion-dollar-coin-grows-as-white-house-declines-to-rule-it-out/#ixzz2HawcWLAz
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I want them to break another record of stupidity and mint that trillion dollar coin.
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I want them to break another record of stupidity and mint that trillion dollar coin.
And then accidentally drop it between the grates of a sewer drain...
(http://image1.masterfile.com/em_w/00/02/40/700-00024050fw.jpg)
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Beware we are in perilous times. Daniel 7:25 will change times and laws. He will change the laws with the help of allies, often by Executive orders.
Laws and Constitutions of Nations will be put aside or ignored, He Makes Himself the Law...
There will be a series of little anti-christs before the real one is on the scene.
Daniel 11:30 and shall cause them to rule over many.
Revelation 12: 9 And the great dragon was cast out, that old serpent, called the Devil, Satan, which deceiveth the Whole World.
Rev. 17: 12-14...Central World Government will be made up by a coalition of National Leaders.
Rev. 16: 14 For they are the spirits of devils...which go forth unto the Kings of the Earth.
He and his Allies will be Liars. Daniel 11:27 and they shall speak lies at one table.
Daniel 11:27 And both these kings, hearts shall do Mischief. He will initiate a Mandantory Global Socialistic Economic System. Freedom and Liberty will be dead.
Revelation 13:12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to Worship the Beast. The Main characteristic about the anti-christ is that above everything else...He is Vehemently against Christ and The Bible...that means Christians and Jews with a vengeance!
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After obongo is done, that trillion dollar coin will buy you a loaf of bread.
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Isn't this note just beautiful, United States is heading down that road really fast.
(http://www.sovereignman.com/images/offshore-bank-account-foreign-banking.jpg)
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Isn't this note just beautiful, United States is heading down that road really fast.
(http://www.sovereignman.com/images/offshore-bank-account-foreign-banking.jpg)
A loaf of bread and some eggs.
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Isn't this note just beautiful, United States is heading down that road really fast.
(http://www.sovereignman.com/images/offshore-bank-account-foreign-banking.jpg)
Beautiful design....... Rocks on top of eachother.
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A loaf of bread and some eggs.
Exactly...African math at its best...
fyi, 100 trillion zimbabwe dollars = $5.15 last I checked.
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In case there are any doubts, here's an article in the Wall Street Journal:
http://online.wsj.com/article/SB10001424052748703730804576314953091790360.html (http://online.wsj.com/article/SB10001424052748703730804576314953091790360.html)