/biz/ - Business & Finance

Doubt Lindsay Graham allows this to happen

>>17985367
interesting, if true, then they are probably doing to stabilizing the USD (reduce deflation).
do you have a source for it?

le big mario coin

>>17985404
https://tlaib.house.gov/sites/tlaib.house.gov/files/Automatic%20Boost%20to%20Communities%20Act%20.pdf

>>17985413
lol yea, didn't even read the rest of the post.

>>17985408

Wasn't this originally Obamas idea?

>>17985427
gimme my $2000 pre-loaded VISA™ debit card now wyt boi

>>17985367
>demonetize the stolen coins
>mint other ones
Problem solved. This is just a loophole for something that wasn't meant to be.

>>17985367
now this is interesting. when was the last time the mint did something like this for the Fed?

>>17985460
I think Obama tried
Fed said no

I guess Tromb don't care about Fed as much these days

>Jamal and Sanchez, each with their 15 kids, will receive $32k in gibs and $16k per month for at least an entire year

ABSOLUTELY FUCKING BASED

>>17985441
what would the cost be of issuing all those cards?
I'd expect 50% of them to just disappear in the mail.

>>17985367
Does the US Mint have $2 trillion in Platinum sitting around?
Quick googling shows that this is probably nonsense fuckery
>And we know that about 2.2 million ounces of platinum are in existence above ground (as of 2017).
>At today's dollar price (a little above $860 per ounce, as of November 11, 2018), that comes to about $1.9 billion.
Unless the entire platinum supply in known world is actually just 0.1% of the available platinum, and the US mint is sitting on the other 99.9%, this is basically just them printing two coins and declaring they are worth a trillion dollars each. It's literally the most retarded version of money printing you can think of.

And it's met with overwhelming support!

LET THEM IN, AND GIVE THEM $1000 CHECKS!

>>17985545
It doesn't matter what the market value is it matters what the mint says the value is. If they say they are worth $2 trillion they are.

>>17985545
This is what they always do with PMs.

The denomination is never as good as the spot price

>>17985545
can they just revalue it so that their stacks are now worth trillions?

>>17985585
We should just print a few quintillion dollars and make every american a millionaire.

>>17985615
Yeah, why not? Who are we to tell them it isn't possible.

>>17985545
They don't. I recall looking up large currency and these large coins aren't legal tender for regular purchases, but more as of a way to balance the books.

Many years ago, large bills ($100,000+) were sent to US treasuries as a way of them showing the have that money. Now it's pretty much digital.

is this real or is it clown world?

>>17985596
Rome tried it with the denarus, didn't work out. Eventually reality wins.
>>17985599
The mint can't really 'declare' a revaluation. Sure they could say 'we are willing to buy platinum at twenty thousand dollars an ounce' or something, but then where are they going to get the money to buy it? The US Mint is self funded and only does about a billion dollars a year in revenue. Theoretically if the govt cooperated I guess the Fed could just turn on the brrr printer, but that's a pretty guaranteed way to immediately collapse USD.
>>17985634
Man once people like Tlaib or AOC start getting into serious positions of power where they have control over the money supply, they are going to tank the dollar so hard and so quickly they'll have to invent new terms because 'hyper' won't be a good enough prefix for 'inflation'.

>>17985367
They better be fuck huge.


https://www.youtube.com/watch?v=Disuoesv8eY

>>17985545
>Unless the entire platinum supply in known world is actually just 0.1% of the available platinum, and the US mint is sitting on the other 99.9%, this is basically just them printing two coins and declaring they are worth a trillion dollars each

Yeah just like when the print paper dollars. Not sure what the point of doing coins this time is. Maybe they think people believe minting fake coins is less bad than printing fake paper money?

>>17985367
>Platinum coins to be minted with face value of one trillion $USD
>each one weighs 10 ounces
uh,... guys

how is this different from making the money machine go brrrrr

Coin printer go clink

>>17985545
I'll actually side with them on this one only because I feel the same way about apple products yet here we are.
Sent from my iphone.

>>17985857
>coinpress goes fump

It's just the Federal Reserve creating a couple trillion then sliding it over to the Treasury. I wouldn't sweat it, but it's neat to watch.

>>17985690
both

>>17985367

Why not mint 5 coins worth 10 gorillion and then we're all rich. Checkmate capitalists.

>>17985413
She's about as smart as she looks

Lol, Platinum price not even going up after this mega news.

>>17986067

She looks as intelligent as the crap I wash off of my shoes after talking a walk in the forest when it has rained the day before.

>>17985545
you retard. it's to ease the budget. the treasury mints 2 coins and say they are worth 1 trillion. the fed prints 2 trillion USD and buys it from the treasury. now the treasury has 2 trillion USD surplus without having had to print money (as they can't print directly, only this roundabout way)

>>17986118
But why stop at 2 trillion, why not do a quadrillion and give every american $100k?

>>17985367
>the most interesting line in this whole thing
guess who just btfo?

>>17986118
it'll be enough to give every american citizen $6,112.46

>>17985545
>this is basically just them printing two coins and declaring they are worth a trillion dollars each.
Boy you'd be surprised if you knew how fiat money works

>>17986140
Why not print no money at all and recall all american dollars so that there are 0 dollars and we no longer have to worry about inflation.

>>17986163
So roughly $10,000 for all tax payers, or about 8 months with the current plan of giving everyone $2k + $1k each month

>>17985438
I saw it floated around 2008 timeframe. So yeah

>>17986163
>give to american citizen

haha you make me chuckle

>>17985557
>They matter just as much as anyone

>>17985438
Specifically to pay off our national debt.

>>17986155
wait whaaaaaaatttttt??????

>>17986226
you can tell how much they hate whites because otherwise it would've said "every taxpayer"

>>17986240
yeah....just totally fuked ((((them)))) over

(sshhh....biz still doesn't catch on yet)

>>17986155
What, printing your own money? Only hitler would do such a vile thing. You have to ask goldsteinberg for a loan goy, this isn't right.

>>17985734
Congress has the authority to mint coins not print money

>>17986336
(((seething))) already

>NONONONONO THATS OUR JOB GOYS

>>17986308
>not being in debt for generations
watch how the media is suddenly going to rip this plan apart when it dawns on them

>>17985367
FUCKING SCAM. Nobody is ever going to pay taxes again.

Kek the whole economy is just some ponzi game lmao

>>17986405
>implying we were ever supposed to
irs was formed in 1913 same year as fed.
its all been a slavery scam from day 1. the founders never intended for you to live like this...

>>17986405
It's just a formality to keep the government from shutting down.

>>17985712
>A FUCKING LEAF

>>17986368
Here's another one! (((>>17986405)))

>>17986436
When new american revolution?

>>17985478
Wait how the heck does a person without a bank account, social security, or home address get money from this?

just make more money lmaoo

>>17985367
>>17985367

>Rashida

Pajeet solution to a pajeet problem. Not gonna get approved

>>17986630
>american citizens only
sorry pablo.

>>17986630
Walk up to the door and give them a huge wad of cash.

>>17986067
I'd make her squeal like a piggy in a mud wallow
oink oink

>>17986637
>print more money
>cause hyperinflation
>every debth practically erased
Doesn't sound so bad really

>>17985367
So we give the fed physics platinum and we get paper in return?

>>17987149
don't worry. the congress can command the fed to sell them back to the treasury for $1 any time (then reacquire them for a trillion when needed)

>>17987149
can you guess why they are using 'platinum' and not gold/silver?

>>17987199
Checked
>>17987235
Idk much about platinum but I’d assume gold and silver are used for money.

Also the people in this thread thinking it’s good are fucking retarded. So many nu fags on much biz lately

>>17987419
>Idk much about platinum but I’d assume gold and silver are used for money.
yes. they are constitutionally defined. platinum is a "special use" metal

>Also the people in this thread thinking it’s good are fucking retarded
there are degrees to this. money printing = bad, but doing it without enriching the "usual suspects" is good.

>>17986272
This legislation is anti semitic! This act would stop the owners of the federal reserve issuing money and then charging the US to use it.

This is 10x worse than the Holocaust.

>>17985912
prepare for the great clinkenings

This is a serious question, is it a good time to short the dollar? I was thinking again CHF, some forex nigger please talk me straight.

>>17987977
the swiss peg the CHF to the EUR normally, as it's their primary export zone.

>>17987977
but the real answer is nah, margin trading is never a good idea in today's economy. you'll get rekt. the dollar could go up indefinitely for an hour to get you and your shorting bros liquidated, before crashing to lows never seen before.
don't margin trade. that's literal gambling but with worse odds than casinos.

>>17988041
thanks, spook
i'll be sure to do the exact opposite
while we're at it, be sure to short the AUD and the CAD. They're going peso tier real soon

>>17987977
At present everything is rigged.

>>17985438
It is a Republicrat thing.

BRRRRRRRRRRRRRRRRRR THIS CLOWN WORLD INTO OBLIVION

“Every person in america” what about deployed soldiers and citizens who live abroad. I want my money!!

> Get neet bux from government
> Use entirety of it to short US economy
I'm getting so hard thinking about it

>>17987977
No. As bad as it is here, the dollar is the safe haven during times of global uncertainty, it's already starting.

>>17985478
illegals: REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

I keep telling you.

Brilliant. Im going to pay my bills with made up coins. Here, $300 rent coin sir, very good coin, moon mission soon.

>>17988068
>>17988041

>>17988436
Proves TA doesn’t even work lol

WE BULL

>>17985367
https://www.youtube.com/watch?v=9o2Oc2g-vTk

>>17988471
It went exactly where I pointed and stopped falling. Check the price.

>>17985367
https://www.youtube.com/watch?v=GsWZB5P3F68

>>17985367
>US Mint to Create Two $1 Trillion Platinum Coins
No they're not, you illiterate cunt. Try reading the source of things you link before you make threads about them.

This is a proposal from a random representative. Means absolutely nothing.

>>17988436
what does this mean for PM's like gold and silver

brrr meme got them freaking out lol

The simpsons predicting the future once again

>>17986717
Learn to read

>>17985478
Maybe if you stopped hating your own women so much and actually was willing to settle down with 5/10, whom is within your range, this might have been avoided.
Shame the porn distorted your (and theirs) view on what is normal. And i'm sorry to say anon, you won't ever be rich. Anything over 5/10 will never happen.

>>17989251
>if you had sex with someone monotonously then brown people wouldnt have 15 kids and infinite government welfare
Your mind is retarded.

>>17986187
why not

>>17989251
Holy projection

>>17989211
Lord Jacob doesn't seem to be pleased with it

>>17987977
YOu could get physical gold, it will keep going down, so eventually it will be cheaper.

Its not such a safe heaven, but at least you can own something physical. Anyway, check on the japanese Yen, it alongside USD stays strong during this hard times. I was considering CHF too, but heard the (((swiss))) just print it over and hand it around as if it was invincible.

>>17985438
obama is a nigger

>>17989137
subhuman detected

>>17990486
>physical gold
>going down
Have fun trying to buy at spot price. Dont get me wrong, I hope you are right because I'll back up the truck if you are.

>>17990699
I'm not following the gold market lately because I'm poor, but can you sell above paper spot price?

>>17990732
No one can find any physical bullion right now.

>>17990768
Hypotetically, if I was dumb enough to sell an AGE or a Buffalo now, would I get more than spot?

>>17989251
Kys incel

>>17990788
Yes.. I just dumped a few fake Morgans to a pawn shop north side of my town, got $8 more than market price per coin.

>>17985367
>$1 trillion platinum chip

>>17990832
>Yes.. I just dumped a few fake Morgans to a pawn shop north side of my town, got $8 more than market price per coin.
This is bad and you should feel bad.

>>17990872
They're beautifully made, weigh just right, indistinguishable. And the shop is a -stein and -berg shop - they rip everyone off religiously. Took my grandma's gold jewelry for a few hundred under spot. Fuck 'em.

>>17990917
It was only a matter of time before someone made convincing fakes. At least for a while, pure gold coins are somewhat safe. And even those could have platinum cores, alloyed with other lighter metal, when platinum is cheaper than gold.
I wouldn't touch an American Gold Eagle with a ten foot pole.

>>17985557
I'm sort of a brainlet (American though) as a result of not living in the US for almost a decade, do undocumented'ds pay taxes and work legally?

>>17991118
Do you trust PCGS and NGC graded coins?

>>17991170
I forgot those, my bad.

>>17985367
Unironically bullish for Illuminati currency, pic related

>>17991183

>>17991137
>as a result of not living in the US for almost a decade
Yes, that's the reason..

>>17985367
This sounds like the single most retarded idea I have ever heard.

>>17986155

>>17985557
literally subsidizing our slave labor replacements on the low end AND bailing out the elites on the top end

>>17990917
>Selling grandma's gold jewelry
Your lack of skills has become such a tremendous flaw that it's impacted your lineage intergenerationally.

>>17985367
No difference then saying 1 bitcoin should equal 1 million USD.

>>17986155
so basically fuck savers? because their devalued dollars are what's going to be paying for this

>>17985367
Isn't this going to hyperinflate the USD?

Are these coins the same as bitcoins? How do I invest to get a trillion dollar coin?

>>17985367
They might as well as just save a few bucks and mint the $1 trillion coins using copper. They'll still be worthless, minting them on precious metals to give them an air of legitimacy is retarded.

>>17992770
It has to be platinum or it won't be legal tender.

I've already got one. Imma save the US economy!

>>17986155
>it is legal authority

The Fed is about to steal two trillion dollars worth of platinum from the american people HAHAHAHHAHAH

>>17993891
lol the coins wont be worth anywhere near 1 trillion dollars of platinum retard... they just stamp the words one trillion on the coins

>>17993891
>reading comprehension
It's TWO COINS that are made of PLATINUM

>>17985367
Nobody will accept it you dumbass. Fiat currency is symbolic all currency is. Except for bitcoin, if everyone understood it properly, we'd actually be taken seriously.

>>17993965
t. hodler

>>17985545
>Does the US Mint have $2 trillion in Platinum sitting around?

>He thinks fiat currency is backed by anything

AHHAHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAH

>>17986630
The question is: what is stopping a person with no form of identification from falsifying his/her identity and receiving the payout multiple times?

>>17993983
ye

>>17985438
No. The idea was put to Obama, but he stupidly rejected it, thus allowing the Republicans in Congress to hamper the recovery on his watch.

>>17986637
kek

>>17985367
How does inflation work for this?

>>17994035
At the moment, the plan is to use income tax filings. If you paid via direct deposit, it goes into that account. If you've closed that account, they'll try to mail you a check.

If you filed taxes multiple times under different identities... why would you even do that

>>17985709
>they'll have to invent new terms
"Economic collapse" is a suitable term

>>17994060
Inflation depends on the amount of money being spent. Right now, private sector spending is way down, so government spending has to go up to compensate.

One complication is the adverse effect of the virus on production. Falling production is inflationary, which reduces the size of the required increase in government spending by an unknown amount.

>>17986163
1btc

>>17985478
>non-citizens
>sure, just wipe your ass with our laws and hop a fence, we'll force taxpayers to take care of you

I could cut through my rage with a knife.

>>17985367
>How long until they mysteriously disappear?

Why would they even need to? We're signing over 2 trillion dollars worth of platinum to the fed, in exchange for 2 trillion in fucking debt.

The only thing that's disappeared is our goddam, motherfucking sanity.

>>17994941
YOU GET A DOLLAR
YOU GET A DOLLAR
EVERYONE GETS A DOLLAR

>>17985411
Wha... What are those huge pills for Mr clown man?

>>17985367
At our nation's capital, down the halls of power walks amazing genius Rashida Tlaib. Her country needs her, for only she possesses the sheer megalithic genius required to save the American people in this time of crisis. As her heels click over the marble floor at a staccato pace, her mind races just as quickly, performing economic calculations so complex they would drive lesser minds to insanity.

>We need money for the covid-19 response
>but there's a huge hole in the budget
>The Fed's out of bullets, if they ramp up the money printer any faster the whole world might lose confidence in the dollar
>hmmm that's a tough one
>come on Rashida think! you're the amazing freshman everyone in Congress is counting on
>you need to come up with an innovative and bullet proof solutions to our economic woes
>Wait... what if-

Let's print more money, but coins this time.

>nailed it

>>17985545
>Does the US Mint have $2 trillion in Platinum sitting around?
Hell you probably have $2 trillion of platinum laying around
$2 trillion in 2021 USD that is

Just bought 10 2016 ASEs for 19/ea

>>17986067
Hey!
That's what my wife looks like!

>>17995098
Brings my stack for 103 oz

>>17985545
>what is face value

>>17986163
You forgot all the "non-people" getting gibs

Should I be bullish on wheelbarrows?