As promised, the United States reportedly hit its debt ceiling last Thursday, and lawmakers on both sides of the aisle are no closer to reaching a deal.
Of course, most of the actual debt to the Federal Reserve has already been paid off through the trust mms. Goguen now runs, at least through 2019… But the politicians are still playing their roles and doing whatever their Deep State handlers command them to do. And now there’s talk of having the US Treasury mint a magical Trillion-Dollar coin that could be used to pay off this alleged debt and eliminate the risk of potential default. While the treasury is limited by law on the amount of paper money it can circulate, there are no limits on what it can do with platinum.
The idea of the trillion-dollar coin has been kicked around since the late 1990’s. Does it really solve any problems?
While the Federal Reserve “had” the right to allocate paper currencies for every country in the world until 2012 with an amount certain allocated until 2022. This last allocation ran out years prior to the expiration date. Leaving the Fed scrambling to find cash. Even though the Fed was granted all rights over “bills” or paper money, the department of the US Treasury retained partial rights over coinage. The US mint would issue coinage based on, you guessed it, allocations from the Fed, and is still considered a “note” or a “debt” of the institution. Issuing a coin with a value on the face is no different than issuing a “treasury note” to the Fed, therefore does not solve any issues. The handlers of congressional members obviously do not understand the economics, laws, and rules of the nation-state.
There is, however, a way this would work. As a commemorative coin. Commemorative coins have no face value and are simply a collector’s item.
The value of the coin is determined by the collector. Rare coins can sell for amounts in the millions, but could they collect trillions? Each year the president is allowed to issue one commemorative coin which normally reflects a special interest, such as veterans, the boys and girls club or Indian affairs. The funds collected from the sale of the coins allegedly go to support the organization the coin is modeled after. This can work two ways, one, they issue a coin and attempt to save the US government by collecting your money.
Would Americans support “saving the US government” by buying the coins? There is distinction between “saving America”, and “saving the government”.
This process would reflect Americans true feelings about the government and would those greedy little corporates who have been sucking the lifeblood out of the governments for years, would also buy coins? This of course would require a full review of all the budgets, and a huge cut in government spending, eliminating all government support of corporates, the elimination of fictitious hyperinflation as well as a pay raise for government workers such as teachers and lower-level military personnel.
These are just some examples of how government would have to change in order to “stay alive”. Since the coin has no face value, it is not considered a “debt” to the government in either instance. Would Americans be willing to support the ridiculous spending habits of the United States government? These people are not in support of the American people, so why would we support them? That leaves Ms. Goguen as the only viable option. Of course, they could continue to wait for their remaining Deep State handlers who have been unable to perform which will result in a complete real government shutdown, this time for good.
As of today, the US government can no longer meet virtually any of its obligations and we will be seeing this play out in the public over the next few days.
