America to Mint a Trillion Dollar Coin?

[Machjo]

Has a loaf of bread reached the 100.00 USD mark yet?

No doubt you'll have full employment with that nation-wide poverty. Well, I guess working poor is better than no job at all I suppose.

So if the US (and Canada) is a corporation, why don't they do like other businesses and declare bankruptcy, restructure, and open again under a different name without the debt.

We could do tht, but what about our credit rating?

 

[Tonington]

A comemorative coin has no tenable cash value and is not legal tender.

False:
The United States Mint Coins and Medals Program

Although these coins are legal tender, they are not minted for general circulation.

So again, what part of the Federal Reserve Act are you referring to?

 

[grumpydigger]

I remember watching a conspiracy television show, where there was speculation that Fort Knox was pretty much empty and the gold supply had been sold off over the years. simply because no one had been allowed to see or comment about it since the Ronald Reagan era.

I'm not saying that's true but $1 trillion coin could be the result of that

 

[CDNBear]

Oh boy, now you gone and done it GD, bring on the nutters.

 

[Spade]

No fear, bear, as the US is not on the gold standard.
By the way, issuing a coin to cover goods and services committed to, spent but not paid for, is not additionally inflationary.
Pssst,
I hear that a fiver doesn't buy a motel room anymore.

 

[CDNBear]

No fear, bear, as the US is not on the gold standard.

Since when has that ever stopped the nutters from parroting the latest from Alex Jones?

 

[Liberalman]

Will it be enough to buy a loaf of bread in the future?

 

[Machjo]

No fear, bear, as the US is not on the gold standard.
By the way, issuing a coin to cover goods and services committed to, spent but not paid for, is not additionally inflationary.
Pssst,
I hear that a fiver doesn't buy a motel room anymore.

No it's not. It's on the 'whatever-the-value-of-the-paper-it's-printed-on-or-metal-it's-minted-on-is-worth' standard.

Will it be enough to buy a loaf of bread in the future?

Of course. Maybe even two loaves.