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$1 Trillion Platinum Coin: Solution Or Scam? (Shocking Answer)

George Gammon 29 views

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7:00 Was it originally Paul Krugman's idea? I recall they tried this on The Simpsons The episode is titled "The Trouble with Trillions" and it first aired on April 5, 1998brbr-- Spoiler alert -- brbrbrbrbrIt didn't work
Comment from : @lukedaniell

To doom and gloom people: As long as banks and Fed create money from tin air and US military stay strong, stock market will go up
Comment from : @MrBodha

I like the drug guy with the needle Heroin guy is like Hunter Biden
Comment from : @ericmodernel9205

iou 1,000,000
Comment from : @Leeyouno

America has to pay their debts also let me print more money that you the people have to pay 🤪
Comment from : @Lssjg702

LOL, John Law didn't invent debt money creation, he learnt it from the Dutch (and his Dad) who learnt it from the Italians who learnt it from the Arabs, who learnt it from the Persians who learnt it from the Indians and the Chinese, and the Babylonians And guess what, Gold wasn't the main commodity money used as the unit of reserve It was corn!
Comment from : @JonMarkSearle1

they need to end the Fed and the actual US Treasury needs to actually print our actual money no more indebtedness to the Fed
Comment from : @LBrobie

This is probably the coin that Joe Biden gave to Pope Francis before they headed off to the Vatican pub?
Comment from : @udonewsreport

Total scam as I read there are only 8 million ounces of 999 fine platinum in the world and platinum runs around $1000/ounce So unless you are using industrial grade platinum it isn't even possible as far as metal value goes
Comment from : @sjatkins

I owe you nothing :P
Comment from : @Itube3

They could mint and sell billion dollar coins to billionaires, and spending the cash into the economy
Comment from : @alexcooper987

Thanks for this great vid George! This should be mandatory viewing along with the video Money As Debt here on YT
Comment from : @adriandmd

Scam! Anything from the government is a scam they have been doing this for decades
Comment from : @criscastro8055

Imagine how many people would be killed while trying to defend their car muffler, because of the small amount of platinum, especially the diesel trucks that have a higher percentage of platinum
Comment from : @srg6532

Editing skills here are on point G
Comment from : @chrisvozzo6798

WHY NOT Print Up Money and Give everyone a Million Dollars? br'Cause Printing brMONEY Represents brREAL COMMODITIESbrbrThe Corruption at brTHE PRIVATE FED BANK brHas caused this PUBLIC ECONOMIC MESS
Comment from : @mal7344

A Scam is a Scam by any other name is still a Scam!brbrWater Seeks It's Own Level
Comment from : @mal7344

Well I'm gonna start investing in big banks now when their stocks dip now that I know they cannot go bust anymore
Comment from : @unvaxednomasked8502

why mess around, lets make aONE QUADRILLION $ COIN, (out of plutonium) and we can have a nuclear powered economy for the next centurywill maybe only a decade , depending on inflation
Comment from : @billhopen

Your best video to date Thanks brother Scary shit ! Keep em coming please
Comment from : @HighLevelShit

Your Yellen and Powell caricatures are pretty good and spot on!
Comment from : @tabithalee6245

Love your work George
Comment from : @nicholascroker4057

Be we owe them debt service
Comment from : @jimjames6112

Moody got shafted because they identify as female? Oops
Comment from : @nghermit4922

George doesn't seem to understand the difference between government-issued coins and Fed-issued dollars Coins the the US Mint issues incur no debt The Fed buys them from the Mint at face value and the difference between the cost to manufacture the coin and its face value is called "seignorage," which goes into the coffers of the Treasury brbrBy minting a $1 trillion coin, the government is essentially creating money without debt So it's totally different than how the Fed or commercial banks create money
Comment from : @goldinero

Plat coin & QE aren’t the same You need to have Jeff Snider back on to explain
Comment from : @cesarblandino4324

Not that simple george lol the client has to satisfy the ratios to get that loan, must don't qualify, especially the heroin guy
Comment from : @tomyshaw977

GIMMICK - GIMMICK - GIMMICK 🤣😂
Comment from : @dynomania

To make the field equal you would have to get congress approval to mint the coin
Comment from : @kennethbaird968

Don't know Moody's pronouns Hilarious George, just 🤣🤣🤣
Comment from : @l3eatTech

So if we go to what really has value would it only be the land because you can grow food on it and eat it? At the end of the day people will never eat gold platinum or dollars what does people think?
Comment from : @luisbelman1364

George It is critical that the world knows that the United States will always honor is debts and obligations … by borrowing the money we need to honor our prior debts and obligations What don’t you get about that?
Comment from : @Irishajw2

Awesome George keep the informative content coming
Comment from : @forexman4894

George, why not use a donky sh*tting a heap of dollars as image on the 1 T platinum coin?
Comment from : @klauskarpfen9039

what if powell drops the coin and someone picks it up?
Comment from : @flyingiguana409

Why don’t they mint a 100 zillion dollar coin
Comment from : @rodneydowd4739

The best mankind can hope to produce for money is a poker chip even gold coins are nothing but poker chips, a symbol of wealth, not wealth
Comment from : @uturniaphobic

Great video George!!
Comment from : @andrewheath1315

Great video George! Very powerful how you ended it with the fact that the Fed cannot print goods and services which is the achilles heel of this entire system its also the exact reason why we're seeing high inflation and shortages in everything right now A move to printing 1T coins/MMT or whatever creative solution they come up with could be the final step to destroying all remaining confidence in the system overseas people forget that when the Fed instituted QE originally it was supposed to be temporarily and they convinced the market that they could unwind it and make it look like "watching paint dry"! that's why i believe they will need to move onto another gimmick soon now that QE requires more and more input to keep the economy alive
Comment from : @tristanumd

Just kick that can a little further down the road towards La La land So long as it lasts the duration of the presidential term It will be smoke and mirrors nextbrI wonder if after the coming hyperinflation the coin may become more valuable than its face value?
Comment from : @robinwells8879

I've got an even better idea Janet Yellen can take a rotten potato and sell it for $2 trillion That's twice as much as a platinum coin I can't take credit for this idea, I read it in Gordon Brown's book
Comment from : @351yt

bclownhonkle/b
Comment from : @xXJAKMACKXx

except moody the millennial isn’t buying your generations garbage we are buying silver n cryptos … funny how we are in this mess because your generation let n promoted it to happen but you paint us as the problem 😂
Comment from : @anthonyalmeida8079

wouldn't minting a 1oz platinum coin denominated at 1'000'000'000'000$ be a gross devaluation of the dollar?
Comment from : @rphb5870

Great information brGreat blog
Comment from : @mootamoonta261

A Trillion is small change
Comment from : @mootamoonta261

Smoke screen
Comment from : @mootamoonta261

one of the best videos of yours 👏👍 Thank you George for making difficult things easier
Comment from : @pavelmacha3045

the editor should watch the volume levels between George's clips and TV clips next time
Comment from : @radiozelaza

Fugazi 😂
Comment from : @sunilrathee271981

thats a scam they need to revalue gold and silver thats the only honest way
Comment from : @halooflightindarkness

Also, there is no such thing as intrinsic value
Comment from : @k98killer

Coins are technically liabilities of the Treasury They just don't carry interest
Comment from : @k98killer

If the federal reserve can print counterfeit money surly we can coin 30 trillion individual platinum coins to pay it off Screw you Yellen
Comment from : @thefarmersdaughter8235

Mint the coin Make my day
Comment from : @jordanaraujo2579

She is going to make it a 100 trillion coin to give her some wiggle room
Comment from : @FreedomStacker

It's GenZ!
Comment from : @GMax17

Love the sense of humor Heroin guy 😂
Comment from : @staygreen3708

🤘Mad Monkey Money🤘let's put that on a shirt 10 percent 😁🧹
Comment from : @rpietryk4690

Gold should design tho
Comment from : @rpietryk4690

Key word CAN'T, same invented w😂rd, n😂?
Comment from : @rpietryk4690

Very elegant, George very elegant Kids on a mission for heaven, respect intention and elegance, no worries on Call out
Comment from : @rpietryk4690

Great solution if Platinum is worth $1 Trillion
Comment from : @miguelquazar883

Very Smooth George😬😉
Comment from : @rpietryk4690

They smoke pot while we slave🤮
Comment from : @rpietryk4690

I think that QE is partly used to suppress interest rates, to bailout sovereign and private debtors Minting the coin without making the dollar redeemable could cause rates to rise
Comment from : @karlj1564

It's possible that the entirety of existence itself is a scam
Comment from : @thereignofthezero225

We can print all the dollar we want until we run out of oil
Comment from : @TheSh_dow

Ah yes, let's create something we can pretend has equivalent value to the supposed value of the dollars printed, since we don't have any actual gold in our vaults to peg our currency to
Comment from : @thereignofthezero225

According to you there are no solutions And I agree
Comment from : @thereignofthezero225

Scrap everything and lets go to monopoly money !
Comment from : @dansu3135

Why would you want to put all that value into ONE coin I mean really? LOL
Comment from : @iman-klt

Well done George, one of your best!
Comment from : @CharlieBates47

I just dont get why they wouldnt minta 30 or To trillion coin
Comment from : @FineFlu

I see George you gotta remain pc otherwise get de-platformed for it before busting the lid on gov Ponzi Hahaha
Comment from : @PK-nn3sx

If it comes from Krugman it's a joke It is insane to think you can create confidence in legal tender money by decreeing a coin is worth 1 trillion dollars Fiat money is all based on our confidence in the American treasury We are all fed up with these Ponzi pushers Get physical gold and silver while you still can
Comment from : @ToIsleOfView

Please review the r/antiwork subreddit stats for 2021… it’s going parabolic
Comment from : @web3operator404

Why not make 40 such coins
Comment from : @yohanceamir224

We the people are screwed!
Comment from : @caroledoerr6872

The president of US has been murdered because of his opposition of this system and everything continues as if nothing had happened!! Well, nothing worth saying anymore :(
Comment from : @lunginvision4310

👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏
Comment from : @nekeke1

If they can do that, why even bother to use Platinum Just do a $1 Trillion dollar Banana Leaf note How stupid are our politicians brbrThey are actually trying to crash the entire system with their stupidity or do they have another agenda?
Comment from : @patrickt873

The only thing the Pt coin solves is the debt ceiling Because they have an additional $1Tr in their reserve account they can borrow another $1Tr though issuing more treasuries Yellen won't likely do this because it's a massive PR disaster and she wants to taint the Republicans with a bipartisan spending spree If the Republicans won't play ball she might have to do this, she may have no other option but in reality it's just raising the debt ceiling to infinity Will this be inflationary? Well probably not, when the Fed does QE they swap liquid treasuries in the banks for "money in prison" in the form on bank reserves that they can't spend
Comment from : @nigeljones9479

That’s a lot of catalytic converter‘s!
Comment from : @lancehopkinsmusic

Before the Feds stopped them in 2013 they sold $5,000 physical gold Casascius Bitcoins with a 1,000BTC hologram on them Now worth $57 million and the highest value coins in the world! $1tr some day I'm sure LOL
Comment from : @sang3Eta

A trillllllllllllion dollar platinum coin would be perfect if the coin was made of the amount of platinum worth 1 trillion dollars in todays dollars That would put us on the platinum standard Works for me Gold would shoot to the moon due to the correlation of the precious metals
Comment from : @principlednotpragmatic