Are we talking 3D printing here?Libertarian666 wrote:
And of course even having gold won't protect you against such a catastrophe because the Fed could print gold and make it worthless!
Staggering World Debt Points toward Crisis
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Re: Staggering World Debt Points toward Crisis
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Libertarian666
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Re: Staggering World Debt Points toward Crisis
No, I was just being silly. Even the Fed can't print gold, although they could coin it (if they had any).
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MachineGhost
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Re: Staggering World Debt Points toward Crisis
The Fed doesn't have that authority, the Mint does. And the Mint is a bureau of the Treasury. Hence that stupid nonsense about the Treasury issuing a $1 billion platinum coin to pay off the debt or something like that.Libertarian666 wrote: No, I was just being silly. Even the Fed can't print gold, although they could coin it (if they had any).
Last edited by MachineGhost on Fri Apr 08, 2016 1:21 am, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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MachineGhost
- Executive Member
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- Joined: Sat Nov 12, 2011 9:31 am
Re: Staggering World Debt Points toward Crisis
In 1917, Congress imposed a debt ceiling on the federal government of about $215 billion (adjusted for inflation). At present, the national debt exceeds $19 trillion. Is the Debt Limit Statute, lately the object of a bruising political fight each time it is raised or suspended, constitutional? D.C. Circuit: Plaintiff, who owns some of the debt and is concerned such fights threaten to devalue his investments, lacks standing to find out.
https://www.cadc.uscourts.gov/internet/ ... 609889.pdf
Last edited by MachineGhost on Fri Apr 29, 2016 7:16 pm, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!