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Trillion Dollar Coin: How Would It Work? Is It A Gimmick Or Legit?

Rebel Capitalist 3 views

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The difference between the mortgage-backed securities which the FED bought, and the trillion dollars you want to just credit of the treasury, is that the mortgage-backed securities there's a plan in place for the FED to eventually get their money back and put it back into thin air at least in theory so the feds obviously could buy treasury bonds thereby giving the treasury a trillion-dollar loan but the treasury doesn't want to have to pay that lonely back, and the FED doesn't have to by their bonds, they can potentially is deemed illegal solve these issues by minting a trillion-dollar coin thereby potentially forcing the Fed to give them a trillion dollarsbrSo at the moment it is kind of a gimmickbrBut if the treasury actually does this it will become as legit as the Federal reserve's quantitative-easingbrAlso there are major effects this can have on the economy because we would not only have precedent for the Federal reserve bailing us out, but now also the treasury could
Comment from : @giffgaff2140

Any one consider the idea that they would start using platinum coins to increase demand for platinum causing platinum prices to go up This would make it more expensive to produce internal combustion cars because platinum is use in producing catalytic converters Would certain help for their “green” push
Comment from : @kheron5356

They just bought 1T in precious metals do I need say more plan accordingly warn few that will listen
Comment from : @edwardbrito3332

I had a trillion dollar turd in the toilet this morning
Comment from : @guitarsender

I won't buy anything with Biden's face on it
Comment from : @cheryls832

Hey I am thinking they print one for everyone I want to be a trillioner I wonder if it would buy me a BiG MAC
Comment from : @rogerrose4845

So the ‘G’ in TGA stands for ‘gimmick’?
Comment from : @celebmrk9

I just made a trillion mud pie in my backyard Just like Hunters art
Comment from : @dougclick2850

Janet Yellen knows that the 1tn-dollar coin is too obviously a gimmick but she knows it's all a gimmick
Comment from : @stlouisix3

Why limit ourselves to a trillion dollar coin, lets go full Dr Evil and mint a gazillion gazillion coin
Comment from : @jimalvir5866

The problem with the coin is that the gimmick becomes obvious for all the normies
Comment from : @EZHick1

Why stop at minting one of these $1 trillion coins?brThey could mint an amost unlimited number of such coins
Comment from : @briannewman6216

I can create a 100 trillion tin foil coin and get rich!!! 😂
Comment from : @pinussylvestris

That tirillion dollar coin is like Money in the Bank, you might want to hang on to that one
Comment from : @ericblust5923

The Fed system is so complex that their computers crunches their numbers in strings of characters! 🤣
Comment from : @CptWacko

It's worse than that That trillion dollars that was created by the Fed simultaneously depletes the wealth of every american by the same total amount through the effect of the inflation and the reduction of purchasing power that it creates In essence the Fed steals from all american's savings the equivalent amount of the QE Incidious
Comment from : @paulshrubb2734

I found a trillion dollar coin in my sofa cushions the other day
Comment from : @ThomasPaineintheArse

Starting to believe GG is a closet indexer
Comment from : @thomascrown

The coin will be delivered by Chuck Norris
Comment from : @ThomasPaineintheArse

Mortgage backed sausages George
Comment from : @undefinedlastname3011

A trillion dollar coin is the very finest heroin; No4 China White
Comment from : @ThomasPaineintheArse

Why not a NFT of a trillion dollar coin?
Comment from : @ThomasPaineintheArse

Probably don't want to hire Gammon as your accountant
Comment from : @Reathety

Zimbabwe called They want Their idea back
Comment from : @whatthefunction9140

They are going to try it sooner or later ,but it's not going to fix anything When they do this the dollar will be gone in 9 months
Comment from : @centralscrutinizer76

Biden would probably use the trillion dollar coin in the white house vending machine by mistake
Comment from : @simonescelsa

Trillion dollar price of paper, can't wait for trillion dollar bank notes We'd be forced digital before that, idk why people don't wake up
Comment from : @ariangorman2325

It would work like a big BS storybri have a 5trillion dollar gray rock, and so many more outside i am now able to buy the planet it is amazing!brand omg, just found a 1 trillion euro toenail my lucky day
Comment from : @seeker2219