Well, the metals are not safe from confiscation. They are not safe from search and seizure. They can also be lost to theft, fire, flood and...
There isn't much of a chance that the coin will ever be minted and used. This is probably a good day to sell platinum.
In the 1980s it was Japan that everyone feared would dominate the economic world. But they collapsed. Now everything is about China. They will...
This is the absolute worst reason for holding precious metals, and I see it repeatedly. What if you lose 50%? No problem, it can't go to zero....
The legal reasons could be overcome in an afternoon if Congress had the will. The coin could be designed in an hour since the Mint specializes in...
While it is impossible to prove this for a single individual, when taken together it is the reason for millions of unemployed people, and that is...
I think a normal sized coin would do the trick, and there isn't any need to tie it to a particular political party. The proposal in any case has...
It will have to come from taxes. However, don't be surprised if the government doesn't find a way to default on it without actually calling it a...
I would make it a one or two ounce coin to make sure everyone understood that the US government has the power to extinguish debt in this manner....
I somewhat agree.:confused: If the US Treasury can give value to a piece of paper by writing "$1T bond" on it, surely they can write $1T dollars...
The coin is a tool. It can be used to relieve debt servitude, or it can be used to wreck the remaining prosperity we have if it is used for "free...
Where is this mythical store people can shop at that sells only US goods? It's absurd to blame the consumer for the greed of management. When...
I would have thought that someone with your family background would have a bit more sympathy for those at the bottom trying to raise themselves...
The difference between us is that you think that it doesn't matter whether or not our fellow citizens without higher education get a job or not as...
The US can't make goods for the rest of the world anymore without lowering the standard of living to that of the Asian countries manufacturing the...
The cancellation of debt held by the Fed is a good first step. Revolution isn't necessary or desirable. A return to sound economics will suffice...
That is an entirely different situation, and outside debt must be honored. But interest on the debt held by the Fed is paid back to the US...
I expect that debt to be cancelled next. There is no reason for it to exist. When the SSA needs money, they give their bonds back to the...
Actually, the coin is not inflationary at all. The inflationary impact occurred when the Fed purchased the bonds. This is an incredibly deep...
The idea would be ridiculous if we were talking about debt held by private investors or foreign governments. But the idea has merit when talking...
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