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<p>[QUOTE=&quot;dannic113, post: 1409023, member: 35203&quot;]It is to supply collector and more importantly investor, and hoarder demand. Besides the silver eagles selling like hot cakes is the only reason the mint made like 2 billion dollars last year instead of losing money. The money made from the ASE and AGE programs are what&#039;s keeping the mint producing anything other than business strikes for circulation. </p><p>As for the BEP it can&#039;t fly. We are going against the grain of rational economics here. As for the comments about Greece they are destroying themselves with their free healthcare (sound familiar?) and other spending adventures and are as of March 17th already in semi-default. They have received international bailout from lenders and in order to receive another one they had to default on their bonds held within their country (kind of like our Treasury bonds, notes and bills). The terms were something like no one could cash out, everyone had to accept the new terms, new longer term bonds being issued for half the price of the old ones. So basically if you held one million in their debt you got new bonds for 500 thousand dollars and instead of being 10 years they might be 20 or even 30 year terms now. Just an FYI Spain is already lining up behind Greece for bailout and declairing default. Ireland and Portugal are not in default yet but have received international bailout. Germany and Switzerland two of the few economically sound countries is considering pulling out of the European union (having to use Euro&#039;s) over all of this.</p><p>As for the question of Obama. No he isn&#039;t in control of printing money or how much. Monitary issues are at a micro level controlled by the BEP/Mint and their directors. However they can&#039;t do anything without approval from the next level which is the Treasury Dept. and the Federal Reserve (specifically the Chairman). Remember the first talk of workers and social security recipiants getting $250 to jumpstart the economy? The reason it was started and then the plug pulled is he didn&#039;t have the ok and when the treasury started crunching numbers they realized they couldn&#039;t afford it. The fed and treasury in turn take their orders from the men behind the curtain to allude to Oz; the treasury commitee of congress and congress itself. So unfortunately the president no matter who can&#039;t do a thing and doesn&#039;t have much in mind for the problem either. If we want things to ever get better the congress (all of them) need to be voted out and get more &quot;fiscally conservative&quot; (meaning those who don&#039;t want big governement and big spending and lots of government workers to have to give vacations, raises and benifits to) senators and representatives in charge.[/QUOTE]</p><p><br /></p>

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