So if the treasury department mints a trillion dollar coin, then they just fly it to another part of the federal government, then how does that solve the budget problem if...Who is giving what to who...My point is, it's like robbing Peter to pay Paul. It doesn't make sense.
The federal reserve doesn't mint coins. The point about it being a coin is specifically that the government can mint them and can make it have any denomination.
I think his point is that the US govt is subservient to the federal reserve. Maybe thats also what you are implying, but I'm in that weird post baked hangover state
>Anon the Federal Reserve is a private bank
A private bank whose chair is appointed by the government and who controls the monetary policy of the countries legal tender, including the ability to create money from thin air to give to financial institutions in exchange for bad assets at above market price.
Here's your private bank bro
>Here's your private bank bro
Its a bad thing that its private, moron. Its influence over the government as a private entity is abominable. I can't believe this isn't clear to morons like you. Pull your head out of your ass.
The fed is a private bank that the government is in debt too. The government is also in debt to it's own citizens and that will need to be called in if they default. If congress doesn't approve to increase the debt ceiling than the US defaults. But it turns out the president can just print a coin and say it's worth a trillion so they could use that to pay back their loan to this private bank then continue barrowing.
Person 1) $20
Person 2) $20
both put $20 into the box
Person 1) $0
Person 2) $0
person 2 spends $30 on the box
Person 1) $30
Person 2) -$30
person 2 opens the box and loots $40
Person 1) $30
Person 2) $10
You dummy. Cinemaphile in charge of not fricking up 1st grade math. >Person 1 and Person 2 both put $20 into the box
Person 1) -$20
Person 2) -$20
I.e., however much money each person started with, they're now $20 poorer. >person 2 spends $30 on the box
Person 1) $10
Person 2) -$50
Person 1's -$20 debt it's offset by his $30 profit, leaving a net balance of $10. Person 2's -$20 debt is combined with further -$30 debt following his purchase. >person 2 opens the box and loots $40
Person 1) $10
Person 2) -$10
Person 2's -$50 debt is offset by his $40 acquisition, leaving a net balance of -$10.
You can replicate this exchange yourself at home by creating two "money pools" each with 10 pennies or crackers or marbles or whatever and follow the steps in the meme. Count both pools at the end and see how they're different. Pool 1 will grow by one each time.
Are you a fricking moron? No seriously. We're not saying the same thing. Putting $20 in the box doesn't leave you at $0. It leaves you at -$20. Do you keep a personal budget?
When he purchases the box in panel two, the second guy accepts the fact that the first guy was the previous owner of the box in panel one. Why, then, would he donate $20 to the first guy in panel one? It doesn't make sense.
This, but the beauty of it is that you are basically only stealing half a penny or less from every single dollar thats printed every time, so for 99% of people the theft is so minimal that they will not only not notice but still continue to trust you and try to get evne more dollars to make up for it of which you can keep stealing.
Okay, so the Federal Reserve is not actually part of the Federal Government, so there's that. And the government owes money to them, so there's that on top of that. See this is a hypothetical thing to illustrate the financial dynamic, that needn't be analyzed to this degree.
The gvt has the right to emit money but instead choose (in fact is forced by israelites) to borrow it to a private bank with interest. The gvt could pay its debt to that private bank call ~~*fed*~~ by printing a $1 trillion legal tender.
tl;dr money is a scam created to force you to waste your life wageslaving for the israelites.
>most jobs are fake.
yes. I once told a guy that companies often have completely pointless jobs that do nothing to help the company make money. He told me that's not possible because no company that does this would stay in business. He seemed to think this was a foolproof argument, forgetting that companies out of business all the time and when they're bought up someone else the first thing that company does is fire a shitload of people because they're completely worthless.
Because companies are made up of people. And you know what makes people feel good? Being the boss of other people. The more people the better the feeling. Even better if you're the boss of people who are themselves the boss of people. So people in companies want to get as many people working under them as possible. So people will generally do everything they can to avoid getting rid of people as long as those people don't cause too many problems.
You might say, "Well why don't companies that don't do that dominate?". The problem there is that if you take too much slack out of the line, people get scared they might be next. And when people get scared they might be next, they tend not to spend much time helping other people, or worse, actively obstruct others to keep their job. This, it turns out, is far more corrosive long term to most organizations than having a few useless bints who don't do much more than make coffee and organize birthday parties.
If you can reliably solve the problem, congratulations, you can earn six figures as a business consultant easy.
>And when people get scared they might be next, they tend not to spend much time helping other people, or worse, actively obstruct others to keep their job
Very true, I've worked with a few people like this. Once a lady started working at my place and the guy who was basically a mini manager got super paranoid about her gunning for his position and just started giving her completely moronic job assignments for no good reason just to mess with her. Meanwhile he'd do shit like take on the responsibility of keeping the place supplied but kept being paranoid about spending too much money so he'd end up cutting corners on everything and often just didn't buy shit we needed because he kept being paranoid about the idea that his boss would call him in an explain why he spent 200 dollars on felt pens last year or something.
Britain does a similar thing but using London as a financial example usually means corruption leaked in somewhere drafty. The idea is just to have a representative of the value, which is what money is to begin with. Saying "we made this coin worth 1 trillion" allows you to hold bonds against that currency. It is literally illusion magic but it is the only way to keep checks balanced when dealing with 7 continents all dealing with their own exchanges. US currency does all these mental gymnastics because otherwise the yuan would replace us, the Chinese do similar money magic so if we don't they just will do it better.
the federal reserve, which is responsible for money/inflation creation in the us, does so by adding another 0 to a few database fields. the federal reserve is independent, it does what it believes is correct, as established by congress.
coins are minted by the us treasury, which is part of the executive branch. it does what the president demands.
by minting trillion-dollar coins the executive would be siezing a power - money creation - that congress (nor the constitution) has very intentionally not extended to the presidency, essentially letting the executive set its own budget and removing from congress the primary check on executive power.
It's because of a weird loophole in the law. Normally, Congress must authorize the printing of money, but the Treasury has the special authority to mint coins of any value without specific congressional authorization, as long as the coin is made of platinum.
The point of doing this is that in the event of Congress failing to pass a budget, the Treasury could mint an arbitrarily large coin to cover the expenses of the government to prevent a default on the national debt, missed Social Security checks, etc.
because we are just all sort of groping around without a clear consensus of what to do. just sort of feeling our way in the dark until a strong dictator can finally seize control of the country and just drive the fricking world into the future/gutter
No, if the US fails to pay their debts the treasury bonds lose value which means a substantial amount of savings basically vaporizes instantly. This would result in the holders networths basically instantly dropping which would result in a sudden inability to borrow more money while some would also be unable to pay their debts since the bonds work by sending you cash payments. So basically, the entire global financial system would implode and crash the entire global economy.
2 years ago
Anonymous
so the exact same thing that happened in 2007, got it.
2 years ago
Anonymous
yes but substantially worse since you're dealing with something like 100x the amount of debt.
2 years ago
Anonymous
oh no even more of something that isn't real? what ever will we do
2 years ago
Anonymous
>what ever will we do
you'd probably lose you job, see all your assets lose almost all of their value, your local and regional and national government would probably cease all services as well and you'd probably have a hard time finding food, the power would probably go out relatively shortly and the water would stop running.
All over what is effectively some number on a screen going to 0
2 years ago
Anonymous
so how haven't you become desensitized to doomsday scenarios which will never actually happen?
the main barrier here being the idea that those in power will just go >oh no, everything i've worked for my entire life is now gone. i'll just go somewhere and die 🙁
2 years ago
Anonymous
>so how haven't you become desensitized to doomsday scenarios which will never actually happen?
I mean I'm just answering questions and expanding on what the scenario would be like. Powerful people wouldn't be able to do anything about this situation either other than to prevent it form happening. You can look at the aftermath of the USSR falling apart if you want an idea of what would happen all over the worl.
2 years ago
Anonymous
>You can look at the aftermath of the USSR falling apart if you want an idea of what would happen all over the worl.
so the various intelligence apparatuses are going to seize power and reform their respective countries?
2 years ago
Anonymous
>so the various intelligence apparatuses are going to seize power and reform their respective countries?
yes and there'd probably be a lot of military coups all over the place as well.
2 years ago
Anonymous
>military coups
but anon, you said that couldn't be possible because they'd have no money!
2 years ago
Anonymous
The military is a bit different from the rest of the government since it has food on storage, that could be used as payment in this kind of scenario. That'd last the for a while. But something like the FBI, the frick are they doing to do?
2 years ago
Anonymous
but you said everything would collapse if the funnymoney system collapsed. how can militaries be immune?? its doomsday remember???
2 years ago
Anonymous
Yeah its finanial and economic doomsday but that doesn't mean it plays out over the course of a literal single day and the military genuinely is designed to deal with situations like this though not forever. They also have plans on what to if there was a full scale nuclear war and that's a scenario that's far more destructive than this.
I'd like that in a heist movie for once.. ow8.. I'm sure that happened a couple of times already when they lose the money they're after and just laugh over it. nvm
That's kinda like something that happened not that long ago.
Some absolute monkeys stole a really REALLY rare Mercedes only to find out that the thing is basically unsalable (not even in parts) so they simply put it on some field in bumfrick nowhere and burned it to the ground.
>he doesn't know a guy who can fence a cool 1 trill
oof
you wouldn't cash the coin or use the dies to make one, you would just sell them to some chinese or indian billionaire for a couple of mil as a souvenir
because I hate to see people embarass themselves, I'll bite.
money is debt. it's represents a social relationship (indebtednesss). so of course it can be fake, because social relationships can be based on spurious foundations, but if we stopped using it we'd literally have to go back to living in 50 member hunter gatherer tribes because there would be no record of social relationships based on anything more abstracted.
Because there are certain 'advantages' and 'disadvantages' in printing your own money as much as you want. The government constantly values and devalues their own currency depending on its needs.
The Romans did the same thing. They devalued their currency when they were having budget problems. When they were unable to pay their soldiers their full salaries, they simply debased their coins and printed more of them, then instituted price controls in an attempt to prevent inflation.
cuz that directly limits the possible size of your economy immensely
also, because that physical asset doesn't have a set price.
People always whine about the gold and silver standards, but forget the price of those also fluctuate constantly and have no innate value.
It's all just spooks, people agreeing with other people what the value of a particular rock is worth, thus creating "physical assets", when all that needs to happen for that physical asset's value to drop to zero is for people to stop valuing it, which happens all the time.
see: rai stones
>gold's price doesn't fluctuate
every time new gold is found, the value drops
every time gold is lost, the value increases
gold itself has no inherent value except perhaps as a good conductor.
Mansa Musa crashed the economy of Europe not because of the fluctuating value of fiat currency, but because he brought so much gold with him on his pilgrimage to Mecca that it crashed gold prices all around the Mediterranean and beyond. Just for one example.
and don't get me started on diamonds. Point is, physical assets are a sham. They're moderately more stable than fiat currency, but at the cost of severely limiting your economy, and even then not granting the desired effect of being crash-proof.
Again, see Rai Stones. Or tulips. Or gold. Or diamonds. Or beanie babies. Or real estate. or Nickel. Or Uranium. The list goes on.
basically, don't lock up your money in assets, they're not as safe as you think, and it's a waste to not be putting your money to work.
>because there would be no record of social relationships based on anything more abstracted.
Except huh..
Geez..
I dunno...
Maybe....
Huh....
Maybe use huh.. physical goods to...
huh...
represent that indebtedness...
We could maybe...
use something scarce....
like huh..
I dunno gold coins or something...
>ignoring the fact that basing your currency on the scarcity of a random metal that has no use is dumb when you could be basing it off of global trade which is where "value" is created in the first place
Creates inflation, which raises the expenses of the government which meant they have to make more money which creates more inflation which raises the governments expenses again and so on.
The way I see it, there are two options: >The quiet option >have an inside man on the chopper >he hijacks it and takes the pilots hostage >flies the plane off course, drops the coin in a field somewhere >metal detector squad retrieves the coin for the payday
>the loud option >MANPADS the helicopter after it takes off >pick the coin out of the wreckage >avoid the massive police chase >retire in Cuba
The hijacker/MANPADS gunner will be played by Nicholas Cage. The shady government banker will be Willem DaFoe, and the retired FBI agent who has to track down the coin will be Alec Baldwin
Why does it need to be a special meme coin, they could literally write >1 trillion dollars
on the inside of an empty snickers packet and it'll be of equivalent value?
Because the government isn't allowed to make paper money at will, but is allowed to make coins at will. Its somewhat of a legal loophole to basically make the country avoid defaulting on debts.
Picture this. >coin falls out of Biden's diaper while travelling through bumfrick nowhere >deemed lost by government >someone finds that coin >he can buy literally nothing with this coin
What is the actual value of this?
You can borrow against it, and use that to pay your bills. You're basically daring everyone to say it's worthless. Because if people say "No, that coin the Federal Government is just minted is worthless" it implies some not so great things about the currency issued by the Federal Reserve, particularly the fact that's that's only backed by the "Full faith and credit" of the Federal Government.
The thing is, it's actually quite useful to be able to print money. Hard currency can get into deflation, which the west hasn't experienced in forever, but was a major issue back in the day. Look up William Jennings Bryan and "Crucified on a cross of gold".
Problem is, you have to figure out how to hide that your doing it, and make it kinda difficult to do. Otherwise the whole system runs the risk of collapsing, because, people being what they are "Let's just print more money" is going to seem like an attractive solution to somebody.
This is why the platinum coin trick would be insanely dangerous. Because it would be very loudly and very publicly announcing that the executive branch intends to just print money as needed. And that would give the game away somewhat.
If you owned this coin you wouldn't spend the coin itself you'd just have it in a vault and borrow money endlessly until you eventually reached 1 trillion dollars at which point you'd hand the coin over to the bank to pay the debt.
>he thinks the government wouldn't pay a trillion dollar ransom for the tool needed to literally make their money
Steal the tube and the world is in your hands
What's the point in even making the coin?
If its that much of an emergency, I mean what do they do if the machine breaks? >we couldn't get a $30 piece of silver on the chopper fast enough so now the country has collapsed
I love how this wagec**t is clearly angry at men for her shortcomings when it was women/jews that changed society/the economy so she had to slave away at that place at all. Dumb twat. lmao
Therer's no point to the coin, it's worth nothing, even what it represents is worthless. israelites have nukes pointed at the entire world including themselves and they'll just press the button, they're athiests, it's let them rape and plunder the world with rape, pedophalia and pollution or BOOOOOOOOOOOM and no more Earth.
>That time when the government stopped production on To Live and Die in L.A. because the scene where Willem Dafoe made counterfeit money was too in-depth and realistic.
If the govt mints a unique 1 trillion dollar coin, and it actually has an effect on the economy because reasons, and someone DOES steal it, does that mean they're down 1 trillion dollars?
Could they just say >ok trillion dollar coin serial number #1 is now invalid we just printed trillion dollar coin serial number #2 and thats the only one
or does the same technicality that allows them to magically whip up 1T dollars binds them to lose it if it gets stolen?
"the govt can just do whatever the frick it wants" isn't an acceptable response, if they could they'd print or just pretend a trillion more dollars existed instead of the coin loophole bullshit.
On another thought, a National Treasure/Ocean's Eleven style film where they steal the one trillion dollar coin has potential.
Some guys stole a 200lb oversized gold coin successfully, I wanna say it was in Germany, rolled that sucker out of the building it was displayed in I suppose.
found it.
https://www.cnn.com/2017/03/27/europe/german-coin-stolen-trnd/index.html
>twitter screencap
Frick off
That's facebook you stupid dumb frick Black person. I wish I could kill you right now you fricking b***h. Frick you.
Road rage.
It's Facebook moron
So if the treasury department mints a trillion dollar coin, then they just fly it to another part of the federal government, then how does that solve the budget problem if...Who is giving what to who...My point is, it's like robbing Peter to pay Paul. It doesn't make sense.
>then they just fly it to another part of the federal government
Anon the Federal Reserve is a private bank.
The federal reserve doesn't mint coins. The point about it being a coin is specifically that the government can mint them and can make it have any denomination.
I think his point is that the US govt is subservient to the federal reserve. Maybe thats also what you are implying, but I'm in that weird post baked hangover state
It's all a big Fonzie scheme
>Eyyy I'm scammin 'ere
>Anon the Federal Reserve is a private bank
A private bank whose chair is appointed by the government and who controls the monetary policy of the countries legal tender, including the ability to create money from thin air to give to financial institutions in exchange for bad assets at above market price.
Here's your private bank bro
>Here's your private bank bro
Its a bad thing that its private, moron. Its influence over the government as a private entity is abominable. I can't believe this isn't clear to morons like you. Pull your head out of your ass.
The economy is fricking fake.
getting this filthy Gutian out of here!
>little girls have their own currency
whoa
fricking kek you caught me off guard
Kek
Where do I get this dicky money?
cunbucks
>dickymoney
Black person sneed hello rebbit put me in the screenshot
I appreciated this post Anon
seething trannies
I just asked a fricking concern chief we're planning a fricking impossible heist for some fricking coin we can't cash in?
For te lulz
"Money like...totally isn't real dude...they just make it up" as it turns out is the actual monetary policy of Global Finance.
THIS
money LITERALLY does not exist anymore
The fed is a private bank that the government is in debt too. The government is also in debt to it's own citizens and that will need to be called in if they default. If congress doesn't approve to increase the debt ceiling than the US defaults. But it turns out the president can just print a coin and say it's worth a trillion so they could use that to pay back their loan to this private bank then continue barrowing.
>in debt too
Uh yeah, the point of the whole troll comic is that it's a false premise.
Uh yeah, the point of explaining it is to preempt the flood of morons that don't get it.
>post a reply to a troll comic
trolled
>post a reply to an ironic reply to a troll comic
trolled
I'm gonna need you to not reveal the secret behind my profit box scam
one person has to put 20 and then 30, and when he opens the box there's only 40
The secret is not to be the guy buying the box
the "joke" is its basically how high finance "works" right now, because the debt is considered to have value and is then "sold."
Why isn't it possible?
Person 1) $20
Person 2) $20
both put $20 into the box
Person 1) $0
Person 2) $0
person 2 spends $30 on the box
Person 1) $30
Person 2) -$30
person 2 opens the box and loots $40
Person 1) $30
Person 2) $10
You dummy. Cinemaphile in charge of not fricking up 1st grade math.
>Person 1 and Person 2 both put $20 into the box
Person 1) -$20
Person 2) -$20
I.e., however much money each person started with, they're now $20 poorer.
>person 2 spends $30 on the box
Person 1) $10
Person 2) -$50
Person 1's -$20 debt it's offset by his $30 profit, leaving a net balance of $10. Person 2's -$20 debt is combined with further -$30 debt following his purchase.
>person 2 opens the box and loots $40
Person 1) $10
Person 2) -$10
Person 2's -$50 debt is offset by his $40 acquisition, leaving a net balance of -$10.
You can replicate this exchange yourself at home by creating two "money pools" each with 10 pennies or crackers or marbles or whatever and follow the steps in the meme. Count both pools at the end and see how they're different. Pool 1 will grow by one each time.
The joke is that the first guy is the only one making money in this "infinite cash" scenario.
1 and Person 2 both put $20 into the box
>Person 1) -$20
anon, 20 - 20 != -20
you went full autistic pedantry and said the exact same thing as
Are you a fricking moron? No seriously. We're not saying the same thing. Putting $20 in the box doesn't leave you at $0. It leaves you at -$20. Do you keep a personal budget?
Anon, please. [Available funds] - $20 means you're at -$20 whatever those funds were.
>putting something in a place you can't access doesn't mean you don't have it
I have a master's degree in physics and I can't figure out why this wouldn't work. Any help? Is it because there was already money in the box?
(doubt)
Guy on the left made $10, guy on the right lost $10. Are you moronic?
When he purchases the box in panel two, the second guy accepts the fact that the first guy was the previous owner of the box in panel one. Why, then, would he donate $20 to the first guy in panel one? It doesn't make sense.
They rob everyone else who owns dollars, it's called inflation.
This, but the beauty of it is that you are basically only stealing half a penny or less from every single dollar thats printed every time, so for 99% of people the theft is so minimal that they will not only not notice but still continue to trust you and try to get evne more dollars to make up for it of which you can keep stealing.
Office Space was a mistake.
Okay, so the Federal Reserve is not actually part of the Federal Government, so there's that. And the government owes money to them, so there's that on top of that. See this is a hypothetical thing to illustrate the financial dynamic, that needn't be analyzed to this degree.
It matters to me, Jerry
The entire global financial system is build up on a pile of scams.
You know understand why Andrew Jackson worked to kill the central banking system.
The gvt has the right to emit money but instead choose (in fact is forced by israelites) to borrow it to a private bank with interest. The gvt could pay its debt to that private bank call ~~*fed*~~ by printing a $1 trillion legal tender.
tl;dr money is a scam created to force you to waste your life wageslaving for the israelites.
the economy is a ponzi scheme ran by israelites
The money is fake, the economy is fake, and to a certain extent most jobs are fake.
>most jobs are fake.
yes. I once told a guy that companies often have completely pointless jobs that do nothing to help the company make money. He told me that's not possible because no company that does this would stay in business. He seemed to think this was a foolproof argument, forgetting that companies out of business all the time and when they're bought up someone else the first thing that company does is fire a shitload of people because they're completely worthless.
How does the company afford to buy them up when they are full of people doing non-jobs for no reason?
Oh that's simple, they just borrow money to do it.
Because companies are made up of people. And you know what makes people feel good? Being the boss of other people. The more people the better the feeling. Even better if you're the boss of people who are themselves the boss of people. So people in companies want to get as many people working under them as possible. So people will generally do everything they can to avoid getting rid of people as long as those people don't cause too many problems.
You might say, "Well why don't companies that don't do that dominate?". The problem there is that if you take too much slack out of the line, people get scared they might be next. And when people get scared they might be next, they tend not to spend much time helping other people, or worse, actively obstruct others to keep their job. This, it turns out, is far more corrosive long term to most organizations than having a few useless bints who don't do much more than make coffee and organize birthday parties.
If you can reliably solve the problem, congratulations, you can earn six figures as a business consultant easy.
>And when people get scared they might be next, they tend not to spend much time helping other people, or worse, actively obstruct others to keep their job
Very true, I've worked with a few people like this. Once a lady started working at my place and the guy who was basically a mini manager got super paranoid about her gunning for his position and just started giving her completely moronic job assignments for no good reason just to mess with her. Meanwhile he'd do shit like take on the responsibility of keeping the place supplied but kept being paranoid about spending too much money so he'd end up cutting corners on everything and often just didn't buy shit we needed because he kept being paranoid about the idea that his boss would call him in an explain why he spent 200 dollars on felt pens last year or something.
> to a certain extent most jobs are fake
You don't even know what these words mean in that order.
>implying data entry jobs are real
Not my point, son.
Britain does a similar thing but using London as a financial example usually means corruption leaked in somewhere drafty. The idea is just to have a representative of the value, which is what money is to begin with. Saying "we made this coin worth 1 trillion" allows you to hold bonds against that currency. It is literally illusion magic but it is the only way to keep checks balanced when dealing with 7 continents all dealing with their own exchanges. US currency does all these mental gymnastics because otherwise the yuan would replace us, the Chinese do similar money magic so if we don't they just will do it better.
the federal reserve, which is responsible for money/inflation creation in the us, does so by adding another 0 to a few database fields. the federal reserve is independent, it does what it believes is correct, as established by congress.
coins are minted by the us treasury, which is part of the executive branch. it does what the president demands.
by minting trillion-dollar coins the executive would be siezing a power - money creation - that congress (nor the constitution) has very intentionally not extended to the presidency, essentially letting the executive set its own budget and removing from congress the primary check on executive power.
The US needs a fricking system in place like something like NFL's salary cap so that this shit wouldnt get out of control
Ron Paul tried to warn us years ago and the world just fricking ignored him
welcome to the wonderful world of israelite bullshit. enjoy your stay, you're here forever.
Jews
It's because of a weird loophole in the law. Normally, Congress must authorize the printing of money, but the Treasury has the special authority to mint coins of any value without specific congressional authorization, as long as the coin is made of platinum.
The point of doing this is that in the event of Congress failing to pass a budget, the Treasury could mint an arbitrarily large coin to cover the expenses of the government to prevent a default on the national debt, missed Social Security checks, etc.
Why does the debt ceiling even exist if we keep raising it or finding loopholes?
none of it actually exists.
because we are just all sort of groping around without a clear consensus of what to do. just sort of feeling our way in the dark until a strong dictator can finally seize control of the country and just drive the fricking world into the future/gutter
>prevent a default on the national debt
who's the national debt owed to
anyone who holds US treasury bonds. So banks, the fed, private investors, other countries, etc.
Not to mention everyone with retirement savings.
so they're going to reposes the united states if it defaults on the national debt?
No, if the US fails to pay their debts the treasury bonds lose value which means a substantial amount of savings basically vaporizes instantly. This would result in the holders networths basically instantly dropping which would result in a sudden inability to borrow more money while some would also be unable to pay their debts since the bonds work by sending you cash payments. So basically, the entire global financial system would implode and crash the entire global economy.
so the exact same thing that happened in 2007, got it.
yes but substantially worse since you're dealing with something like 100x the amount of debt.
oh no even more of something that isn't real? what ever will we do
>what ever will we do
you'd probably lose you job, see all your assets lose almost all of their value, your local and regional and national government would probably cease all services as well and you'd probably have a hard time finding food, the power would probably go out relatively shortly and the water would stop running.
All over what is effectively some number on a screen going to 0
so how haven't you become desensitized to doomsday scenarios which will never actually happen?
the main barrier here being the idea that those in power will just go
>oh no, everything i've worked for my entire life is now gone. i'll just go somewhere and die 🙁
>so how haven't you become desensitized to doomsday scenarios which will never actually happen?
I mean I'm just answering questions and expanding on what the scenario would be like. Powerful people wouldn't be able to do anything about this situation either other than to prevent it form happening. You can look at the aftermath of the USSR falling apart if you want an idea of what would happen all over the worl.
>You can look at the aftermath of the USSR falling apart if you want an idea of what would happen all over the worl.
so the various intelligence apparatuses are going to seize power and reform their respective countries?
>so the various intelligence apparatuses are going to seize power and reform their respective countries?
yes and there'd probably be a lot of military coups all over the place as well.
>military coups
but anon, you said that couldn't be possible because they'd have no money!
The military is a bit different from the rest of the government since it has food on storage, that could be used as payment in this kind of scenario. That'd last the for a while. But something like the FBI, the frick are they doing to do?
but you said everything would collapse if the funnymoney system collapsed. how can militaries be immune?? its doomsday remember???
Yeah its finanial and economic doomsday but that doesn't mean it plays out over the course of a literal single day and the military genuinely is designed to deal with situations like this though not forever. They also have plans on what to if there was a full scale nuclear war and that's a scenario that's far more destructive than this.
>t. conservative
Cool is with the anti-semitism, bud
like or hate varoufakis he's the only person I've seen actually trying to explain how central bank economies will ruin us all
You ever see goldfinger?
The people responsible for this monetary system have been kicked out of 200 countries so far, let that sink in
Oh no anon, better stop noticing things before you get suicided
What's the point of stealing it if you can't cash it in
Sell it to the Chinese for $10bn
So you gotta be a chink to cash that coin in? all due respect but that sounds like bullshit boss, I'm out
Why would the chinese buy it for 10 billion? The raw materials aren't going to even be worth 1 million.
It's more like a paper dollar than a gold bar. It's a symbolic 1 trillion dollars. There is literally no reason to steal it as a non-fungible item.
you can if you get it cleaned first
use it to pay for groceries, ask for cash back
>overcomplicated deadly heist that takes years of planning and costs millions succeeds and the coin is stolen
>uhh now what
The ending would be the characters realizing the real treasure was friendship.
I'd like that in a heist movie for once.. ow8.. I'm sure that happened a couple of times already when they lose the money they're after and just laugh over it. nvm
>What's the point of stealing it if you can't cash it in
Surely someone is interested in the unobtanium contained within the coin.
That's kinda like something that happened not that long ago.
Some absolute monkeys stole a really REALLY rare Mercedes only to find out that the thing is basically unsalable (not even in parts) so they simply put it on some field in bumfrick nowhere and burned it to the ground.
some men just want to watch the world brun
that was the plan all along
To cuck the government out of a trillion dollars obviously. It would literally make the rest of my money more valuable.
>he doesn't know a guy who can fence a cool 1 trill
oof
you wouldn't cash the coin or use the dies to make one, you would just sell them to some chinese or indian billionaire for a couple of mil as a souvenir
I would think the cost vs reward of that heist is not worth it.
>IT'S A LONG CYLINDRICAL INGOT OF NICKEL, TIN AND COPPER WORTH $4
>BUT IT'S WORTH 1 TRILLION USD! TRUST US GOY!
thats the minting tool shit bird
Ah, right.
Sorry, it's worth $2 then.
>not stealing the minting tool and printing your own trillion dollar coin and spreading it to everybody
whatre you mansa musa levels of dumb?
technically itd be platinum, so like $1000
Those are parts for making a silver $1 coin, the burger equivalent of a Loonie in Canada
isn't this how hyperinflation happens?
Quit paying attention to it!
N-no!
>could be
but will never need to be
We wouldn't let you chuds anywhere near the Fed if there is one place we wont allow you to insurrection it's the beirthplace of capitalism resitance.
>hello I'd like to deposit this trillion dollar coin
You cut it in half and deposit it into two banks.
Some would say.....billions?
Doesn't matter how pretty the imprinting is, that is still just an iron cilinder.
If I stole gold, I could sell it. If I stole cash, I could sell it. If I steal a trillion dollars coin? I would be lucky if I could sell it for 1k
American tax dollars will help our Ukrainians who fought so poorly and surrendered so readily.
Why do we even have to pay taxes if the government just creates money out of nothing whenever they need to?
you most people to be poor for some people to be rich
makes sense yet?
because I hate to see people embarass themselves, I'll bite.
money is debt. it's represents a social relationship (indebtednesss). so of course it can be fake, because social relationships can be based on spurious foundations, but if we stopped using it we'd literally have to go back to living in 50 member hunter gatherer tribes because there would be no record of social relationships based on anything more abstracted.
Why not just have money be based on some physical asset instead of nothing?
because they can get away with it.
Because there are certain 'advantages' and 'disadvantages' in printing your own money as much as you want. The government constantly values and devalues their own currency depending on its needs.
The Romans did the same thing. They devalued their currency when they were having budget problems. When they were unable to pay their soldiers their full salaries, they simply debased their coins and printed more of them, then instituted price controls in an attempt to prevent inflation.
cuz that directly limits the possible size of your economy immensely
also, because that physical asset doesn't have a set price.
People always whine about the gold and silver standards, but forget the price of those also fluctuate constantly and have no innate value.
It's all just spooks, people agreeing with other people what the value of a particular rock is worth, thus creating "physical assets", when all that needs to happen for that physical asset's value to drop to zero is for people to stop valuing it, which happens all the time.
see: rai stones
>the price of those also fluctuate constantly
gold's price doesn't fluctuate. the value of what can be used to buy gold (fiat currency) is what's all over the place.
>gold's price doesn't fluctuate
every time new gold is found, the value drops
every time gold is lost, the value increases
gold itself has no inherent value except perhaps as a good conductor.
Mansa Musa crashed the economy of Europe not because of the fluctuating value of fiat currency, but because he brought so much gold with him on his pilgrimage to Mecca that it crashed gold prices all around the Mediterranean and beyond. Just for one example.
and don't get me started on diamonds. Point is, physical assets are a sham. They're moderately more stable than fiat currency, but at the cost of severely limiting your economy, and even then not granting the desired effect of being crash-proof.
Again, see Rai Stones. Or tulips. Or gold. Or diamonds. Or beanie babies. Or real estate. or Nickel. Or Uranium. The list goes on.
basically, don't lock up your money in assets, they're not as safe as you think, and it's a waste to not be putting your money to work.
>all that effort to call a fiat currency money
delete the post and try again with less simpleton mistakes, anon
>because there would be no record of social relationships based on anything more abstracted.
Except huh..
Geez..
I dunno...
Maybe....
Huh....
Maybe use huh.. physical goods to...
huh...
represent that indebtedness...
We could maybe...
use something scarce....
like huh..
I dunno gold coins or something...
The value of gold is just as arbitrary as fiat currency
>ignoring the obvious fact that you can't create gold
Alrigth buddy
you can't create any element.
>ignoring the fact that basing your currency on the scarcity of a random metal that has no use is dumb when you could be basing it off of global trade which is where "value" is created in the first place
Here's another billion for ukraine, fat
Creates inflation, which raises the expenses of the government which meant they have to make more money which creates more inflation which raises the governments expenses again and so on.
to keep afloat our fake economy goy, some families are so rich that money is not an issu at all, they focus only on psyops to laugh at us
Because you paying taxes in that currency is what allows it to keep having value despite the fact they print it out of air, since it legitimizes it
Debt = work
Taxes = proof of work
>tfw nobody wants to audit the fed anymore
The way I see it, there are two options:
>The quiet option
>have an inside man on the chopper
>he hijacks it and takes the pilots hostage
>flies the plane off course, drops the coin in a field somewhere
>metal detector squad retrieves the coin for the payday
>the loud option
>MANPADS the helicopter after it takes off
>pick the coin out of the wreckage
>avoid the massive police chase
>retire in Cuba
The hijacker/MANPADS gunner will be played by Nicholas Cage. The shady government banker will be Willem DaFoe, and the retired FBI agent who has to track down the coin will be Alec Baldwin
Just make a million of them and get rid of the poverty in the world
This is some real cargo cult bullshit.
Why does it need to be a special meme coin, they could literally write
>1 trillion dollars
on the inside of an empty snickers packet and it'll be of equivalent value?
>Why does it need to be a special meme coin
Legal loophole.
That's what I'm wondering. It wouldn't literally be a trillion dollars worth of metal. It's all just worth what they say it is.
Fiat currency.
But that's the case of all coins these days.
Because the government isn't allowed to make paper money at will, but is allowed to make coins at will. Its somewhat of a legal loophole to basically make the country avoid defaulting on debts.
>special meme coin
I've got one that can see!
Picture this.
>coin falls out of Biden's diaper while travelling through bumfrick nowhere
>deemed lost by government
>someone finds that coin
>he can buy literally nothing with this coin
What is the actual value of this?
Legally speaking the coin should be redeemable for the printed price. Odds are you'd be arrested for trying though.
So what is the value of money that cannot be spent?
Isn't that the trillion dollar question?
You can borrow against it, and use that to pay your bills. You're basically daring everyone to say it's worthless. Because if people say "No, that coin the Federal Government is just minted is worthless" it implies some not so great things about the currency issued by the Federal Reserve, particularly the fact that's that's only backed by the "Full faith and credit" of the Federal Government.
The thing is, it's actually quite useful to be able to print money. Hard currency can get into deflation, which the west hasn't experienced in forever, but was a major issue back in the day. Look up William Jennings Bryan and "Crucified on a cross of gold".
Problem is, you have to figure out how to hide that your doing it, and make it kinda difficult to do. Otherwise the whole system runs the risk of collapsing, because, people being what they are "Let's just print more money" is going to seem like an attractive solution to somebody.
This is why the platinum coin trick would be insanely dangerous. Because it would be very loudly and very publicly announcing that the executive branch intends to just print money as needed. And that would give the game away somewhat.
If you owned this coin you wouldn't spend the coin itself you'd just have it in a vault and borrow money endlessly until you eventually reached 1 trillion dollars at which point you'd hand the coin over to the bank to pay the debt.
Do people think those cylinders in the op pic are the coin? Aren't those the stamps?
Thats the stamps for the one dollar coin my reading-challenged friend
yeah but these mongs are saying "the trillion dollar tube"
is this your first day on the internet?
>he thinks the government wouldn't pay a trillion dollar ransom for the tool needed to literally make their money
Steal the tube and the world is in your hands
If someone stole it, it would be declared to have no value.
>most of the people in this thread unironically pay taxes
Imagine giving a shit about wageslaving in 2022 when feds will issue fricking 1 trillion USD like it's nothing.
at this point i think even criminals are far more sane than wagies, slaving your life away for pretty much nothing is seriously fricked up
If I got a trillion dollar coin I would sell it for at least 1.1 trillion. Its the only one ever printed, its got collector value
I don't get it...
I DON'T GET IT
AAAAAAAUUUUUUUUGGGGGGGGGHHHHHHH
reminder that a pound of potatoes is worth more than an ounce of gold
AND tastier
i've got half a tonne of potatoes saying that you won't put your money where your mouth is
i don't have money, only potatoes
But which weighs more?
Why don't they just make more of these coins and give them to everyone so no one is poor? Fixed your economy fricktards.
Here is your bank film
is this good? i like owen and watts and plot seems decent.
Yeah it's alright, pretty good even. It's got a bit of a eurofeel thing going on if that's your thing.
What's the point in even making the coin?
If its that much of an emergency, I mean what do they do if the machine breaks?
>we couldn't get a $30 piece of silver on the chopper fast enough so now the country has collapsed
It's not money unless it can be used for something other than exchange.
wtf do you use money for other than exchange? snorting coke? with coins?
You can put it on railroad tracks to flatten it.
>A trillion dollar unit of currency can be made by guys who decide the value of currency
Okay?
Enjoy your hyperinflation americans
Seriously love you guys, funniest thread in ages. This place really is a beacon of light in a world of shit
>steal it
>go to the first convenience store you see
>buy a pack of gum
>ask if they have change for a trillion
I love how this wagec**t is clearly angry at men for her shortcomings when it was women/jews that changed society/the economy so she had to slave away at that place at all. Dumb twat. lmao
Why even bother to mint the coin if its never even going into circulation?
its "circulating" from "the government" to "the private central bank the government is beholden to"
Jews gotta get those tax dollars somehow.
Therer's no point to the coin, it's worth nothing, even what it represents is worthless. israelites have nukes pointed at the entire world including themselves and they'll just press the button, they're athiests, it's let them rape and plunder the world with rape, pedophalia and pollution or BOOOOOOOOOOOM and no more Earth.
I'm looking to get the crew back together for one last score...
Kino
You literally can't use the Meme Coin anyway because where the frick could you possibly cash it in for the Trillion dollars
Not to mention exchange rates but what curency is worth more than the US dollar
Jews
Why don't they just mint it directly in New York?
I hate boomers, the Establishment, government, Central Bank, Elites, Marxism, and israelites so much bros.........
Thats why youre poor ivan/ahmed/chang
All Western governments are a bigger threat to their own citizens than Russia, goatfrickers, and China combined
>That time when the government stopped production on To Live and Die in L.A. because the scene where Willem Dafoe made counterfeit money was too in-depth and realistic.
Now You See Me 2. Best robbari
Plot twist: the printing of the coin causes the dollar to devalue so badly as to make the heist completely pointless.
Explain to a brainlet like me why the government can’t just print money in secret to find all their expenses and do away with taxes?
Can't wait for the new Zimbabwe era of America!
Put your game faces on, buddies!
Someone get me Mr. Dunnhier on the phone. And Ike Hill to drive the bus
If the govt mints a unique 1 trillion dollar coin, and it actually has an effect on the economy because reasons, and someone DOES steal it, does that mean they're down 1 trillion dollars?
Could they just say
>ok trillion dollar coin serial number #1 is now invalid we just printed trillion dollar coin serial number #2 and thats the only one
or does the same technicality that allows them to magically whip up 1T dollars binds them to lose it if it gets stolen?
"the govt can just do whatever the frick it wants" isn't an acceptable response, if they could they'd print or just pretend a trillion more dollars existed instead of the coin loophole bullshit.
On another thought, a National Treasure/Ocean's Eleven style film where they steal the one trillion dollar coin has potential.
Kek america 100 away from zimbabwe tier
>a pile of rocks
>a pile of rocks
>a cow
I know what I'm doing for summer vacation
turning yourself into a pickle?
Why are boomers and gen X like this?
Some guys stole a 200lb oversized gold coin successfully, I wanna say it was in Germany, rolled that sucker out of the building it was displayed in I suppose.
found it.
https://www.cnn.com/2017/03/27/europe/german-coin-stolen-trnd/index.html