Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards

You're not able to figure this out?

People aren't earning money because businesses are shuttered. If you just hand them money anyway, you'll get inflation.
How is that not simple?

Isn't this a supply-side based issue? I mean, businesses are shuttering and people are no longer going to work. So that's the foremost cause.
If there is a demand-side problem, it is being caused by the supply-side problem.

If supply is bottlenecked and you increase demand (by just printing new money), won't that just cause inflation?

 

How many freakin troy ounces would those coins weigh?

 

I don't get it??Platinum is less than half the price of gold per Ounce right now only $625.10 per ounce. Gold is currently $1,348.65 per ounce.
A TRILLION DOLLAR value Platinum coin would be Gigantic a gold one would be less than half the size.
Or is she just saying mint two coins and say they are each worth one trillion, in other words pretend???WHY BOTHER Minting the coins???
Makes no sense to me.

 

We're getting inflation already and our GOVERNMENT is fueling it as they are paying price gouging prices for protective masks and throw away hospital clothing, without apparently putting up the slightest resistance???

 

Federal Reserve Notes aren't money period. They're currency. Money has to be a store of value and maintain its purchasing power over long periods of time.

 

I would like to know where $1 trillion worth of platinum is going to come from.

But I am presuming they are going to just take something like around $1000 worth of platinum, make a medium sized coin out of it, and stamp the quantity $1 trillion on it.

 

we could create 25 of them, the fed buys them from us, Trump gives his word we will buy them back, then like the Iran deal, the next president can ignore Trump's deal

 

Brilliant

though I suspect that might hurt the credit rating of the United States

 

The idiot doesn't understand something.
The gold in a 1oz Eagle is worth more than the $50 dollars printed on it

 

why, they would have 25 coins that were worth 25 trillion in their vault

the rest of the world may not blink an eye as we are consumers, and they are hurting and need us to buy their stuff

if the world did not need us so bad, they woudl of ditched us after Trump

 

Query
What does it take to turn a Patriotic Rep Capitalist
........................ Into a Lib Tart Commie Demo Socialist ?
......................... ans. ONE or TWO Thou$and Dollar$

Reason - Logic - Self Interest are all Insufficient
.................................$MONEY$ swings the Vote

 

............................... Can WE say Prostitutes
.....................................

 

She's not saying mint a coin out of a trillion dollars worth of platinum, she's just saying mint a coin out of platinum. Why platinum? Who knows? You could do it with nickel. But yes it's pretend, but it's a way to bypass the FED.

 

I hate these stimulus plans....
Everyone’s pet projects get something & you know the democrats will want abortion money.

Not to mention..... would the democrats ever approve a plan that does not include freebies for the illegals?

 

Actually, it's all of the above. Yes, you're cutting down on supply with this move. You're also cutting down on production(businesses) but guess what you're also cutting down on? Spending. People can't go out and I don't think Online Retail is going to completely carry the load.

Think of this as one big ass food bank bill, because that's essentially what it is. Yes, it's inflationary but unless we want people rioting in the streets, we're going to have to do something to feed the people.

Government sucks, government always sucks. It's just now more than usual.

 

Conservative American Society devolves into a Third World Cargo Cult
As the People anxiously await the miraculous handout from Washington
and the promised decent from above, of Scads of Helicopter Ca$h
.
.

Death by Virus and Internal Contradictions
http://www.informationclearinghouse.info/54054.htm

From The Article:
The epidemic reveals the stark truth, that the US dismantled and privatized its public health
system,to fatten the pockets of the oligarchy and render working people more helpless and
dependent.

“Citizens have become aware that the oligarchs – their rulers -- are the vectors of mass
insecurity, sickness and death.”

The nation that considers itself to be the apex of capitalist achievement on planet Earth turns out
to have no health care system worthy of the name – a testament to the sucking moral vacuum
at America’s imperial, white settler colony core. A lowly virus – a form of being that exists at
the very border between “life” and “not-life” – has revealed the world’s superpower as
butt-naked and very much afraid.
&
These are not statistics of a failing health care system, but of a country that has no system –
the conclusion reached by former Secretary of Labor Robert Reich. “The dirty little secret,
which will soon become apparent to all, is that there is no real public health system in the
United States,” wrote Reich in his Newsweek column. “America is waking up to the fact that
it has almost no public capacity to deal with it. Instead of a public health system, we have a
private for-profit system for individuals lucky enough to afford it and a rickety social insurance
system for people fortunate enough to have a full-time job.”
&
There are no buttons for the Centers for Disease Control to push in response to the epidemic,
because decades of corporate duopoly privatization has hollowed out the U.S. public health sector,
so that it barely functions on good days. Even the Veterans Administration hospital system, the
closest thing the U.S. has to “socialized” medicine on the British model, has been forced by
corporate members of Congress to outsource much of its services to for-profit companies and
cut in-house treatment capacity to the bone. This is the “creative destruction” that the oligarchs
who own the U.S. brag about
&
The capitalist “crisis of legitimacy” may have passed the point of no-return, as the Corporate State
proves daily that it cannot perform the basic function of protecting the lives of its citizens. And
those citizens have become aware that the oligarchs – their rulers -- are the vectors of mass
insecurity, sickness and death.

.

.

 

LOL.

Those who do not learn from history are doomed to repeat it, and the definition of insanity is attempting the same thing over and over, expecting a different result.


Who's your nutjob now, huh? Who's your nutjob?

 

Perhaps that's where all that nasty "nationalization" stuff kicks in...

 

Yes. It would cause inflation to start to rise. Theoretically you'd then reduce interest rates to counter the inflation.

The idea has merit (getting money into the hands of people who will spend it in its entirety is necessary to keep the economy moving), but because the Fed kept interest rates so low during Obama's admin, that particular tool is not in the chest anymore, so you wouldn't be able to combat inflation now.

 

Minted gold eagles have one full ounce of gold in them but only say $50 legal tender

 

Minting Trillion Dollar Coin$ ?
Magical Thinking will NOT save an Economy that the FED is out to DESTROY
When the last shovel of Oily Viral Dirt is shoveled into the face of U$D
this is what the FED will demand - And what the FED wants, the FED gets.
........ The FED wants control of the Treasury and The bought & paid for
.................... Puppets Prostitutes that YOU elect, will see to it that they get it.

Welcome to Sweatshop Amerika !
The next bailout will be our last
http://www.informationclearinghouse.info/54062.htm

From The Article:
This isn’t a bailout, it’s a joke, and there’s no way Congress should approve these
measures, particularly the merging of the US Treasury with the cutthroat Fed.
That’s a prescription for disaster! The Fed needs to be abolished not embraced
as a state institution. It’s madness!
&
Meanwhile America’s working people will get a whopping $1,000 bucks to tide
them over until the debts pile up to the rafters and they’re forced to rob the
neighborhood 7-11 to feed the kids. How fair is that?

And don’t kid yourself: This isn’t a bailout, it’s the elitist’s political agenda aimed
at creating a permanent underclass who’ll work for peanuts just to eek out a living

BEFORE THE FED ENDS YOU
.

 

From Pelosi's stash?

 

That's not the point. The Fed has minting power and and as such can expand the money supply as needed. But issuing these 2, non circulating coins, the money to pay for all this is made available without inflation.

 

Uh, oh, all of a sudden conservatives are starting to be concerned about inflation again --- right after Helicopter Don had his way. Can you spell hypocrisy?

 

Well yes...except for the "without inflation" part.