Made of platinum and worth $1 TRILLION each.

[Chex]

You can find it in subsection (k) of 31 USC 5112, which governs "Denominations, specifications, and design of coins."

(k) The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary's discretion, may prescribe from time to time.

Thanks to a law, the government can mint a platinum coin worth any amount.

It then can deposit it at the Federal Reserve to pay off $1 trillion in debt, which would swing the government far below its debt limit.

There are questions about whether this really would be legal or constitutional though.

It then can deposit it at the Federal Reserve to pay me off.

[Chex]

http://www.usdebtclock.org/

The result to our economy is that boom periods are hardly driven by cash money, as cash money is insignificant in relation to credit.

[Michael Joseph]

IF WE CAN PERSUADE PEOPLE - that about says it all doesn't it? Consider what happens if you don't deposit your paycheck. If you don't make a deposit you do not place your trust in another - no Fractional Reserve Lending can occur.


If someone gives me something to give to another but the giver does not issue forth terms, then in fact the gift is held in Trust by the Receiver according to the Will of the Receiver Trustee. That about sums up a Naked Endorsement.

http://www.youtube.com/watch?v=2ssrcD5GdPQ&feature=player_embedded

http://www.youtube.com/watch?v=ImuVUab6WW0&feature=player_embedded

http://www.youtube.com/watch?v=8Qsll_5-FXc&feature=player_embedded

http://www.youtube.com/watch?v=iK-741ISz94

http://www.youtube.com/watch?v=lQf-u2nCVSw

but one interesting thing I note concerning this video - the commentator knows an awful amount of knowledge concerning this so called secret event at Jeckyll Island.

[allodial]

IMHO: most, many if not all so-called money-gurus are passing around misinformation whether well-meaning or not. In my analysis ALL MONEY/CURRENCY is fiat in nature. Even gold coin is fiat in nature in the sense that the sovereign with respect to a given forum, venue or jurisdiction defines what constitutes money and therefore what constitutes payment/settlement of debt obligations. Re: money as debt-> obligations seem to arise out of charges or taxes. Now that someone could have somehow concocted "negative money" and made it "mainstream" is perhaps not out of the question. But even gold coin of a specific weight and design is technically fiat currency.

Re: "Money is created out of thin air" -> Money is created by consensus, agreement, contract typically IN WRITING. If money is created out of thin air then would not the same be for banks, organizations, even for the Government of the United States? Is agreement memorialized on paper the same as thin air?

Although many may seem to be well-meaning, WHAT MONEY GURU IS REALLY GETTING TO THE HEART AND CORE OF THE HOWS AND WHYS ABOUT MONEY? Inflaming people and stirring them into anger and irritability without offering remedy what does that do? At least this forum discusses REMEDY.

The above isn't directed at anyone posting along this thread. This is generally in reference to the topic and the "buzz" that has been going around. From what I gather, it seems that many pushing for so-called "monetary reform" might be pushing a Trojan Horse--and perhaps a nasty one.

[Michael Joseph]

IMHO: most, many if not all so-called money-gurus are passing around misinformation whether well-meaning or not. In my analysis ALL MONEY/CURRENCY is fiat in nature. Even gold coin is fiat in nature in the sense that the sovereign with respect to a given forum, venue or jurisdiction defines what constitutes money and therefore what constitutes payment/settlement of debt obligations. Re: money as debt-> obligations seem to arise out of charges or taxes. Now that someone could have somehow concocted "negative money" and made it "mainstream" is perhaps not out of the question. But even gold coin of a specific weight and design is technically fiat currency.



Re: "Money is created out of thin air" -> Money is created by consensus, agreement, contract typically IN WRITING. If money is created out of thin air then would not the same be for banks, organizations, even for the Government of the United States? Is agreement memorialized on paper the same as thin air?

Although many may seem to be well-meaning, WHAT MONEY GURU IS REALLY GETTING TO THE HEART AND CORE OF THE HOWS AND WHYS ABOUT MONEY? Inflaming people and stirring them into anger and irritability without offering remedy what does that do? At least this forum discusses REMEDY.

The above isn't directed at anyone posting along this thread. This is generally in reference to the topic and the "buzz" that has been going around. From what I gather, it seems that many pushing for so-called "monetary reform" might be pushing a Trojan Horse--and perhaps a nasty one.

I like your style.

[Chex]

If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

Nearly $1.4 billion in surplus dollar coins are sitting in Federal Reserve. Any takers?

[Brian]

If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

Nearly $1.4 billion in surplus dollar coins are sitting in Federal Reserve. Any takers?

Start demanding them and depositing them into your account to secure the credit that, that account balance represents.

[shikamaru]

What I will add concerning "money":

From a commercial perspective:

Keep your personal debts small or non-existent.
Keep your personal estate private.
If you want to do debt, do it through a business or trust.

You want to be heavy personal property and light personal assets as commercial paper.

If you want to do commercial paper, again, do it through a trust or business.

The paper is a liability.

[David Merrill]

There may be something to unconditional acceptance of the commercial presentment. A suitor who has been busy and dropped off the brain trust for a few years has some interesting testimony on that. Hopefully that works out to be an interesting development!

[allodial]

There may be something to unconditional acceptance of the commercial presentment. A suitor who has been busy and dropped off the brain trust for a few years has some interesting testimony on that. Hopefully that works out to be an interesting development!

Likely its no coincidence that acceptances are customarily part of the money supply in the USA, UK, Canada, NZ, etc. There might similarity worth noting between 'acceptance' and 'cancellation'. To extend the above. Few "patriot sites" really evidence comprehension of acceptances.

In my decades of analysis and I dunno if anyone will at this time find it spelled out as clearly as this ANYWHERE: All money is based upon sovereign prerogative. That is why they are after your crown. That is why they want to turn everyone into serfs or subjects. They are covetous of authority. They might claim to be against this or that .. or for "change" while really aiming to bring about the "change" of taking your crown and authority making it theirs. With the Great Revolution, the French Revolution and the Bolsheviks Revolution the target was "the crown" --or rather sovereign prerogative. In particular -> gaining control over the sovereign prerogatives associated with money: i.e. the very thing they claimed to be against and to despise and to seek to topple they themselves were simply deceiving people to undermine their own inheritance enough to allow them to take over and afflict the respective peoples with adversity. Perhaps they hated the monarchies (Romanovs, Ancien Regime, etc.) in the sense that they hated not having the power that they had. The power to issue money is rooted in sovereignty and this is why are out to undermine all crowns. Even the Soviets had a currency.

[allodial]

**duplicated**

[shikamaru]

Likely its no coincidence that acceptances are customarily part of the money supply in the USA, UK, Canada, NZ, etc. There might similarity worth noting between 'acceptance' and 'cancellation'. To extend the above. Few "patriot sites" really evidence comprehension of acceptances.

In my decades of analysis and I dunno if anyone will at this time find it spelled out as clearly as this ANYWHERE: All money is based upon sovereign prerogative. That is why they are after your crown. That is why they want to turn everyone into serfs or subjects. They are covetous of authority. They might claim to be against this or that .. or for "change" while really aiming to bring about the "change" of taking your crown and authority making it theirs. With the Great Revolution, the French Revolution and the Bolsheviks Revolution the target was "the crown" --or rather sovereign prerogative. In particular -> gaining control over the sovereign prerogatives associated with money: i.e. the very thing they claimed to be against and to despise and to seek to topple they themselves were simply deceiving people to undermine their own inheritance enough to allow them to take over and afflict the respective peoples with adversity. Perhaps they hated the monarchies (Romanovs, Ancien Regime, etc.) in the sense that they hated not having the power that they had. The power to issue money is rooted in sovereignty and this is why are out to undermine all crowns. Even the Soviets had a currency.

I concur. Having research for far less years than yourself, I've come to that conclusion as well.

The issuing of money or coinage is a sovereign prerogative jealously guarded by the holder.
Who can and can't have private armies would probably be second .

It helps to have a private army when collections are due .....

[Keith Alan]

Sovereign prerogative... I like it, especially since every person in America has authority to issue currency, if they can get someone else to accept it, and so long as it can't be mistaken for US currency.

I took a very serious look at mutual credit last year, and it is a thing of beauty.

[Chex]

The $1 trillion platinum coin saga took a surprising turn as the Central Bank of Mars has expressed interest in buying 100 of the proposed coins.

Interpreters are puzzling over the meaning and subtexts of the Martian communique; since Martian is described as an often-ambiguous combination of Fortran and Hungarian, this is no easy task.

Opinion on the Martian offer is divided. Some suspect the Martian Central Bank intends to buy the $100 trillion in platinum coins with electronically created quatloos, i.e. worthless currency.

These observers believe the Martians intend to claim the $100 trillion in platinum coins constitutes a claim on the entire U.S.A., the purchase of which would effectively give the Martian Central Bank a massive beachhead on Earth.

Others believe the Martian Central Bank is simply playing an interplanetary practical joke, showing that any central bank that issues its own currency can magically create phantom money and assets. What better way to illustrate this than to buy $100 trillion in phantom assets with equally phantom quatloos?

A smaller cadre of analysts suspect the Martian Central Bank naively believes the fantasy that the arbitrary creation of assets, either via platinum coins or electronic entries in the Federal Reserve's balance sheet, creates actual value. Though this credulity borders on the fantastic, these analysts point to the many commentators in the U.S. who have bought into the platinum coin fantasy.

If Paul Krugman et al. have swallowed the fantasy that something of real value can be created from nothing, then why not the Martian Central Bank?

[allodial]

I concur. Having research for far less years than yourself, I've come to that conclusion as well.

The issuing of money or coinage is a sovereign prerogative jealously guarded by the holder.
Who can and can't have private armies would probably be second .

It helps to have a private army when collections are due .....

Military imperium also is of sovereign prerogative.

Even the Soviets had a currency.

If the Bolsheviks utterly despised the Christian Russian Monarchy to the utmost why did the Ruble remain? Now if they hated that monarchy utterly why did they keep such a glaring vestige such as the Ruble? Why didn't they change the name at least? Why didnt they call it the Folkmark or the Labor-Unit or the Redmark? They kept it Ruble (over 500 years old currency) and why? Perhaps because they simply took over the old sovereign prerogative and hid it behind a curtain? Perhaps needed that very same prerogative in order to function? Perhaps "overthrow" and "change" was a ruse with the real intent to take over and continue the very same only..with a few layers of indirection?

Sovereign prerogative... I like it, especially since every person in America has authority to issue currency, if they can get someone else to accept it, and so long as it can't be mistaken for US currency.

I took a very serious look at mutual credit last year, and it is a thing of beauty.

Perhaps its more like "so long as it doesn't resemble coins or currency" minted or printed by the US Govt. or the Federal Reserve. Perhaps the topic of 'social credit' might be of interest to you?