?? Work at Pickup Points � Flexible schedule

The Trillion Dollar Coin Explained

Business Insider 12 views

Download Video

Comments

Perfect Timing
Comment from : @mirandamarion1007

You incredible idiot Spending money we don't have is what got us into this Making a fake coin that says "ima gagillion dollers" on it only destroys the little faith the world still has in the dollar
Comment from : @ColeDedhand

MINT THE COIN MINT THE COIN
Comment from : @hcn6708

The game is rigged from the start
Comment from : @fitrianhidayat

THANK YOU !
Comment from : @nenriu

And yet again we find ourselves in the same situation
Comment from : @eclipticarcher6008

But the coin is really only worth like a few dollars in platinum How is that better than an IOU?
Comment from : @alexabood2516

In 2021, you American people are hilarious 😂
Comment from : @nanubhai7918

End the Fed brProblem Solved There are no more streets to kick the can too
Comment from : @duncanmacleod8855

And here we are 2021
Comment from : @guillory1647

Why not mint it? With all the other fake ways the government creates currencythis is nothing
Comment from : @C-130-Hercules

Money only has value to whatever you give it value to you could make a coin out of wood and as long as everyone believed that it was worth a trillion dollars you have just made a trillion dollar wood coin
Comment from : @Pineapple-Lord

There is no limit to the insanity we live in!
Comment from : @PedrovanderMeer

We would cause less damage by being late on our debt and getting a GOOD solution than we would be by printing money and basically flipping China off for loaning us a dime Serious consideration of this is bad enough for people who are already uneasy about giving money to us, but actually doing it will cause irreparable damage to our reputation, the dollar's value, and our credit rating
Comment from : @GlobalWarmingSkeptic

BECAUSE THE FED IS THE ONE THAT IS IN POWER NOT THE GOVERNMENT THE POWER IS THE DOLLAR AND THAT THE FED CONTROLS
Comment from : @MrTruthhunting

Make it a BBBBBillion Trillion
Comment from : @RPFS2008

The real problem is Americans trying to avoid responsibility for the mess they made
Comment from : @3001st

Attention Business Insider; this is a serious question Why not just mint a $20 trillion coin?
Comment from : @literallyhitler3059

HAHA this comment made my day
Comment from : @literallyhitler3059

ok so what if someone steals it?, can it be sold for cash at a local store?, and if so how many trucks would it take to pack a trillion bucks? :D
Comment from : @SholariFenway

trillion dollar coin is just another form of default
Comment from : @nkprives

your local bank creates make believe value everyday
Comment from : @darksidehero

That's what it LOOKS like but it's a different story behind closed doors
Comment from : @3089280288

Maybe this was asked before, but why just $1 Trillion? Why not $17 Trillion, or more like $100 Trillion to pay for the unfunded liabilities?
Comment from : @groupflix

It wan't decrease value of money because it is not printing money Essentially they are pre-borrowing and creating a single coin to represent that borrow value and instead of spending it place it in the Fed so that we can pay our bills The money has already been spent, we are just borrowing in advance
Comment from : @degraves2003