The Black Vault

US 'seriously' considering $1 trillion coin to pay off debt

The US is "seriously" considering creating a $1 trillion platinum coin to write down part of its debt to stop the world's largest economy defaulting as early as next month, according to financial analyst Cullen Roche.

http://www.telegraph.co.uk/finance/fina ... -debt.html

Pay off debt ..... Not.

A trillion dollar coin.

Talk about inflation.

It looks like the USA could well be the next Zimbabwe / failed state.


Zimbabwe introduces $100 billion banknotes

Zimbabwe Introduces $500 Billion Note

Zimbabwe introduces $100 trillion banknote

http://edition.cnn.com/2008/WORLD/afric ... index.html

http://www.telegraph.co.uk/news/worldne ... knote.html

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

rath wrote:Pay off debt ..... Not.

A trillion dollar coin.

Talk about inflation.

It looks like the USA could well be the next Zimbabwe / failed state.


Zimbabwe introduces $100 billion banknotes

Zimbabwe Introduces $500 Billion Note

Zimbabwe introduces $100 trillion banknote

http://edition.cnn.com/2008/WORLD/afric ... index.html

http://www.telegraph.co.uk/news/worldne ... knote.html

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

I agree, but the major issue here is that we are now in a global economy so the economic collapse of the USA means economic collapse world wide.

Will that be included in the annual proof sets from the mint for $29.95?

capricorn wrote:I agree, but the major issue here is that we are now in a global economy so the economic collapse of the USA means economic collapse world wide.

It will affect the world indeed ........

Well those country's who are linked to the U.S economy.

Not a nation like Australia who de-linked from the U.S economy back in the 1970's .....

& is seen as a world beating economy in it's own right.

Australia has not had a recension in 22 years.

That's 22 years of continues growth.

Tech bubble ...... Australia grew.

Asian financial crises ...... Australia grew.

Middle east economic collapse .... Australia keeps growing.

Global financial Crises ....... Australia kept growing.

European sovereign debt crises ......... Australia kept growing.

Australia takes over G8 & makes the G20 the worlds new leader group.

Australia reforms the U.S & world financial regulation system ( U.S forced to comply.

Australia gets it's triple a rating confirmed. & USA losses it's Triple A rating.

Australian Dollar Names new World reserve currency. U.S dollar declined.

Worlds reserve banks name Australia to run the Basel group.

USA in Financial collapse & Australia still growing at 5 percent per annum.

Australian interest rates are the highest in the world .... & the USA's interest rates are in there 4th year of zero interest rates & Zero growth.

US banks needed a government bailout ... Many U.S banks collapsed.

Australian Banks named Strongest & safest in the world & the Grow 100 fold in size.


Like i said .... Lucky Australia is not linked or reliant on the US economy ... so whatever happens in the USA does not affect Australia.

rath wrote:Well those country's who are linked to the U.S economy.

Not a nation like Australia who de-linked from the U.S economy back in the 1970's .....

1. You currently own $52 Billion of US Dollars

2. The USA is Australia's 4th largest exporter

3. USA is Australia's 2nd largest Importer

4. The USA is the largest investor in Australia

5. Australia is the 5th largest investor of the USA

6. The Australia–United States Free Trade Agreement remains strong.

Sorry rath, you are wrong again.

capricorn wrote:

rath wrote:Well those country's who are linked to the U.S economy.

Not a nation like Australia who de-linked from the U.S economy back in the 1970's .....

1. You currently own $52 Billion of US Dollars

2. The USA is Australia's 4th largest exporter

3. USA is Australia's 2nd largest Importer

4. The USA is the largest investor in Australia

5. Australia is the 5th largest investor of the USA

6. The Australia–United States Free Trade Agreement remains strong.

Sorry rath, you are wrong again.

1. You currently own $52 Billion of US Dollars

yhe ... that's right ...... we own your currancy ... we are propping up the U.S dollar.

Australia's dollar is higher than the U.S dollar ... so we buy weaker currancys at half the price ......
& if the Australian dollar falls ( which Australia wants, & trying to make happen. ) Then the Aussie dollar falls against the US dollar ... so the US dollar will rise ....

Thus The $ 52 Billion of US dollars we own will double to 104 billion US dollars ....

Outcome ... Australia hedges its dollar against the weaker U.S dollar .... sabotages the Australian dollar forcing the U.S dollar higher. & Australia doubles it's money making hundreds of billions of dollars for almost no work.

& with the extra few hundred billion dollars, we pay off our debts, & build new schools & roads ect ect. & Australian's never need to pay a cent in tax to achieve all this .......

why ......... because the USA & the US dollar payed for Australia's standard of living because the US economy & dollar is so easy to manipulate because of the weak or zero regulation in the USA. ( thanks to the rich ) who pay politicians via political donations to except financial regulations, & put in place loop holes that allow this sort of thing to take place.
( in favour of the rich & at the expanse of the poor )

2. The USA is Australia's 4th largest exporter

Old data ... 4th place & falling fast.

3. USA is Australia's 2nd largest Importer

Old data ... Falling fast

4. The USA is the largest investor in Australia

old data .... but proves you need Australia more than Australia need the USA ..... USA invests in Australia because you make money in Australia & lose money in the USA.

( USA need Australia's strong economy more than Australia needs the USA's weak dollar.)

5. Australia is the 5th largest investor of the USA

& growing fast .... Growing as fast as the U.S fall.

6. The Australia–United States Free Trade Agreement remains strong.

& yet is small apples compared to the other free trade deals Australia has, with the likes of Asean & Apec.

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I would think a trillion dollar coin would come with its own platoon of security guards. Too easy to steal. Oceans 14?

The US government is the most irresponsible group of people in history. But then all governments are a con.