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Old 01-09-2013, 07:57 PM   #1
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http://business.financialpost.com/20...ricas-economy/
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Old 01-09-2013, 08:03 PM   #2
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Time for the biggest bank heist movie ever
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Old 01-09-2013, 08:07 PM   #3
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Didn't they try doing this in Germany, where they printed more money or something?
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Old 01-09-2013, 08:09 PM   #4
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I hope nobody in a position of power is actually considering this.

Let me guess who's face would be on the coin.
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Old 01-09-2013, 08:10 PM   #5
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Old 01-09-2013, 08:14 PM   #6
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Old 01-09-2013, 08:15 PM   #7
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I hope nobody in a position of power is actually considering this.

Let me guess who's face would be on the coin.
Hopefully Reagan.
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Old 01-09-2013, 08:18 PM   #8
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There is a documentary called The Four Horsemen which talk about this issue. I enjoyed it.

http://www.imdb.com/title/tt1671513/
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Old 01-09-2013, 08:19 PM   #9
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I hope nobody in a position of power is actually considering this.

Let me guess who's face would be on the coin.
The joke I've seen more than once is that if it was Reagan then the GOP would pass it!

My twitter feed has been clogged with this for a few days now, so I was a little sad to see this thread. That said, I did send the author of the link above an article on Canada's million dollar coins which was interesting: http://www.mint.ca/store/mint/learn/...r-coin-1600006
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Old 01-09-2013, 08:19 PM   #10
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Old 01-09-2013, 08:30 PM   #11
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Old 01-09-2013, 08:31 PM   #12
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Old 01-09-2013, 08:32 PM   #13
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Old 01-09-2013, 08:33 PM   #14
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Old 01-09-2013, 08:34 PM   #15
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That said, I did send the author of the link above an article on Canada's million dollar coins which was interesting: http://www.mint.ca/store/mint/learn/...r-coin-1600006
Little bit different, that coin is actually worth a million (or more).

Unless the billion dollar coin is going to be the size of a house.
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Old 01-09-2013, 08:34 PM   #16
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Old 01-09-2013, 08:36 PM   #17
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Didn't they try doing this in Germany, where they printed more money or something?
After the first world war, Germany printed a bunch of money to pay off it's punitive foreign debts which they were saddled with as reparation payments.

And yes, the inflation pretty much destroyed their economy.

As I have heard about this US plan, they really don't want to have to print this coin, they are just using it as a negotiating ploy cause they don't want the Republicans to hold the economy hostage again over the debt ceiling.

It wouldn't have the same catastrophic results as the Germany example anyway because the US GDP (or is it GNP?) is far higher than one trillion. But it certainly wouldn't help.

This is just the very basic understanding of it though, I'm sure someone who knows better will come in and refine and add to what I have written.
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Old 01-09-2013, 08:36 PM   #18
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Old 01-09-2013, 08:36 PM   #19
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Old 01-09-2013, 08:36 PM   #20
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My vote for the design
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