Which coins will you sell to help pay for the Bail Out?

MrEureka

Figure it will cost us $5000 per taxpayer. So which of your coins will pay the bill? You can choose from coins currently owned and/or coins you would have purchased next year.

newsman

In keeping with the spirit of the plan, I will sell $5,000 of your coins to pay my share.

PrivateCoinCollector

I would gladly put up the $5,000 if I could be a partner in the backend. They are, after all, buying homes with the money. And if there was ever a time to buy some REAL estate it is now, or at the very least within the next year or so.

78750Aggie

$5000 would pretty much clean out my collection. I would try to hold the MS70 2.5 Dollar Gold coin.

78750Aggie

jessewvu

<< <i>In keeping with the spirit of the plan, I will sell $5,000 of your coins to pay my share. >>



It's funny cause it is true (and very very very sad)

CarlWohlforth

I will buy a quarter eagle. That is how much profit the Treasury will make (per taxpayer) by buying mortgage debt at a big discount to face and by extracting warrants from the companies they have already hammered. The Gov't will put a floor under the market. They will then pass legislation to increase the value of their investment. That is all predicated on if the republicans can agree with the republican proposal made by the republican treasury secretary and approved by the republican president.

Now how long did you really think this thread would last?

BAJJERFAN

<< <i>I would gladly put up the $5,000 if I could be a partner in the backend. They are, after all, buying homes with the money. And if there was ever a time to buy some REAL estate it is now, or at the very least within the next year or so. >>



Maybe the Guvmint could have an IPO at $5K a pop for anyone who wants to share in the spoils.

notwilight

If all the doom and gloom comes to pass, I'll just sell an ounce of gold. --Jerry

Dabigkahuna

I thought the tax payers were going to make money, no?

tightbudget

Why sacrifice? Ask the boss for a raise.

lcoopie

I'll borrow the money to pay it

coinsarefun

<< <i>I'll borrow the money to pay it >>










Maybe we should take lessons from Wall Street on how to get everyone else to pick up the tab



Stefanie

RYK

I will sell a couple odds and ends that I forgot that I owned and won't miss a whole lot.

Coinosaurus

The IPO idea is intriguing but scary - I am not used to thinking of the US Government as a big, corporate, publicly traded company. If we have a few more of these bailouts (I expect there will be a pension bailout) in the future, don't be surprised to see "creative" solutions like this get taken seriously - like if the treasury is in hock for $20T and rest of the world won't loan the money.

As for the OP's question, I would sell a few miscellaneous type coins which don't really fit with my core collection.

A final note - the mortgage bailout is almost enough to cover the credit card debt of the ENTIRE country.

GrumpyEd

I have a dish of Canada cent's that they can have.

I feel it's a mistake, it's like taking out a loan because we can't pay the bills we already have.

Since McCain and Obama both plan budgets for next year that are nearly 20 trillion I think they should cut the budget by 10% which would allow 1 trillion for bailouts and 1 trillion for debt reduction then keep doing it until all debt is gone. At a minimum they could cut the budget by 3.5% and have 700 billion. I bet they have 10-20% (or more) waste in the budget already. Isn't that what we should advise anyone with growing debt to do?

19Lyds

Nothing.

Swampboy

they'd probably give me back the $5000 and demand payment in euros.


















+1

BECOKA

I'll sell to cover my rear but not someone else's.

If I had to choose I'd choose what I would buy next year as I have my set down to something I like now.

options26

NOt me, I'm keeping all my coins and can't wait till I can fill the tank and get 2 cartons of smkoes for a morgan dollar.

cladking

The solution is simple. Just mint a few hundred $1,000,000,000.00 coins and
pass themn out to whomsoever might need one.

I've got a spot in my collection just waiting for mine.

If that doesn't work use real silver and make some $100,000,000,000.00 coins.

Ever here of the South Sea real estate plan. Let me set up a deal and all those
billion dollar bankers will look like pikers.

morgansforever

Who will bail out the bailer, after a few more bank bail outs?

There will be more, when is the question.

I'm thinking of printing my own money, FRN's are backed by nothing, so is a FRN printed on a good laser printer.

Whats the difference?

Scott

GFourDriver

I'll let them have my MS rebate....... should clear any day now.

crito

we should all get raises equal to the rate of inflation. that would be fair. call it an "automatic cost-of-living increase" like congress does every year.

BAJJERFAN

<< <i>A final note - the mortgage bailout is almost enough to cover the credit card debt of the ENTIRE country. >>



Where would our economy be if there was NO credit? Or if people properly used their CC as a temporary loan instead of a long term or permanent loan?