The Mayor Of Simpleton Posted January 15, 2013 Share Posted January 15, 2013 The White House has decided that it is going to keep the option of creating a $1 Trillion coin open, in order to stop the USA heading over the Fiscal Cliff, defaulting on its loans and and into another recession. The one-off coin would be deposited with the Federal Reserve, and would be used to help wipe out the national debt of the USA and put the USA on the road to financial recovery. http://www.youtube.com/watch?feature=endscreen&v=Uuvf-ykfAh8&NR=1 Do you think this is a good idea? Could such a coin minted at the Royal Mint and deposited with HM Treasury be the answer to resolving our national debt crisis? Could other countries use this idea as well? Or is this just a daft pie-in-the-sky idea? Link to comment Share on other sites More sharing options...
cup of tea Posted January 15, 2013 Share Posted January 15, 2013 I think the US has knocked the idea on the head - doubt if it would work anyway. Link to comment Share on other sites More sharing options...
missunderstood Posted January 15, 2013 Share Posted January 15, 2013 This thread should have been called The trillion dollar CON, or capitalism for short. Link to comment Share on other sites More sharing options...
Big J R Posted January 16, 2013 Share Posted January 16, 2013 This thread should have been called The trillion dollar CON, or capitalism for short. I quite agree ! Link to comment Share on other sites More sharing options...
Eastside Urchin Posted January 16, 2013 Share Posted January 16, 2013 Could potentially work though,however wrong it would seem Link to comment Share on other sites More sharing options...
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