debt relief
secondrepublic
Posts: 2,619 ✭✭✭
can't take credit for this one -- someone else came up with the idea 
Here's an idea:
1. Barry orders the U.S. Treasury to create a single platinum coin, and Barry declares it worth $1 Quadrillion.
2. Barry hands it to Bernanke, and gets a receipt.
3. Bernanke then credits, using his new $1,000,000,000,000,000 coin, the accounts of those who hold the $17 TRILLION in U.S. debt, credits the Social Security "trust fund" and Medicare with $121 TRILLION to pay for its unfunded liabilities, and pays $11.4 TRILLION for the first 10 years of ObamaCare.
U.S. debt at that point? $0.00!
We use the remaining $850 TRILLION to throw a party, before hyper-inflation bankrupts everyone in the Western world.
Who's with me?!
Here's an idea:
1. Barry orders the U.S. Treasury to create a single platinum coin, and Barry declares it worth $1 Quadrillion.
2. Barry hands it to Bernanke, and gets a receipt.
3. Bernanke then credits, using his new $1,000,000,000,000,000 coin, the accounts of those who hold the $17 TRILLION in U.S. debt, credits the Social Security "trust fund" and Medicare with $121 TRILLION to pay for its unfunded liabilities, and pays $11.4 TRILLION for the first 10 years of ObamaCare.
U.S. debt at that point? $0.00!
We use the remaining $850 TRILLION to throw a party, before hyper-inflation bankrupts everyone in the Western world.
Who's with me?!
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A hundred trillion here, a hundred trillion there. Pretty soon, it adds up to real money.
I knew it would happen.
Got a golden umbrella and silver galoshes, though, so expecting rainbows and happiness!
Liberty: Parent of Science & Industry
make.
Oh wait....
Sounds great, I'll bring the Dip....., if Mr. Bernanke is available that is.
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