A New “Trillion Dollar Coin” Will Save The Debt Crisis?

If you think endless money printing is a good idea, you’ll love this next one…

The Biden Administration is considering a new way to save us from the debt crisis, the $1 TRILLION dollar coin.

Yes, I’m serious.

Nobel economist Paul Krugman claims that this coin could potentially prevent the United States from defaulting on its debt while also avoiding making inflation worse.

Several news outlets are already openly mulling over the pros and cons of this one.

This sounds like another one of those delusional magical fix-all solutions that the Left loves so much.

They are starting to talk about the magical $1 trillion platinum coin again.

This is really “end of empire” type of economic strategy here.

Why can’t they rationally discuss reasonable budget cuts to get things under control? pic.twitter.com/a8Px4AqdJs

— Wall Street Silver (@WallStreetSilv) May 3, 2023

Business Insider loves the idea:

The US is hurtling towards an entirely preventable economic crisis, and a trillion-dollar coin could solve all of its problems — if the Biden administration decides to take it seriously.

Treasury Secretary Janet Yellen said that the government could run out of money to pay its debts as soon as June 1, triggering a never-before-seen debt-ceiling crisis. Even a short default could cost the country almost a million jobs and trigger a recession.

But Republicans and Democrats are still waiting for the other to blink. The House GOP narrowly passed a bill last week that would tie massive budget cuts to a one-year increase, which Senate Democrats have proclaimed dead on arrival. President Joe Biden said he would veto that legislation, and continues to insist upon a clean raise.

Some economists say that means it’s time for a break-the-glass option: a trillion-dollar coin.

The coin — which wouldn’t need to be bigger than an average coin, and can be made quickly — is part of a potential debt-ceiling loophole. The Treasury Department can mint platinum coins of any denomination. That’s led to a school of thought that says Yellen should simply mint a trillion-dollar platinum coin and deposit it to pay off the debts until a more permanent solution can be found.

While some critics have dismissed the idea of the trillion-dollar platinum coin as a "cute trick," advocates believe such an extraordinary measure could actually stave off a debt ceiling crisis. https://t.co/pqX2uKDryf

— The Week (@TheWeek) May 4, 2023

This article from the Week considers the “pros and cons” of this coin:

The clock is ticking on America’s debt ceiling. Treasury Secretary Janet Yellen announced this week that the federal government will “run out of money to pay its bills” if Congress does not raise the debt limit by June 1. With Republicans and Democrats gridlocked over the issue, another option has emerged as a possible-fail safe: The trillion-dollar platinum coin.

The notion has been around for a few decades, and the proposal is exactly what it sounds like: The U.S. Mint would simply “issue a new $1 trillion platinum coin and then use that influx of funds to pay the government’s bills,” Yahoo Money explains. (The influx would come from depositing the coin with the Federal Reserve.) Voilà! No more debt crisis. Critics dismiss the idea as a cute trick, but advocates say extraordinary measures might be needed to prevent the government from tipping over into default. A trillion-dollar coin? That would be pretty extraordinary. Here are some of the arguments for and against:

One off the potential solutions to solving the Debt Ceiling issue from the Dems….

Minting a 1 Trillion Dollar coin….

Welcome to bizzarro world. pic.twitter.com/OkIfSEg0iH

— Jason Robertson (@JRobFromMN) May 4, 2023

Nobel economist Paul Krugman says minting a $1 trillion coin to prevent a debt ceiling crisis wouldn't be inflationary https://t.co/YK98NgVlZq

— Insider Business (@BusinessInsider) May 4, 2023

Economist Paul Krugman believes for some reason that this coin is a great idea.

Insider Business has more on his trillion dollar idea:

A $1 trillion platinum coin could prevent the US government from defaulting on its debt without making inflation worse, according to Nobel laureate Paul Krugman.

The idea behind the coin is for the Treasury use its authority to mint platinum coins and create one with a face value of $1 trillion that gets deposited at a Federal Reserve account to pay bills while lawmakers remain deadlocked on lifting the debt ceiling.

Some economists have criticized a $1 trillion coin as “unworkable” and an unrealistic solution that could worsen inflation.

In spite of the very obvious criticisms facing this idea, Krugman insists everything would work out just fine..:

Think of the Fed as a branch of the federal government, which from a fiscal point of view it is. Then this consolidated entity would in effect be covering deficits by selling bonds — i.e., normal deficit finance, just through the back door 7/

— Paul Krugman (@paulkrugman) May 3, 2023

Most people don’t live in fantasy world however, and they see this for what it is:

"a $1 trillion coin is not inflationary."

— Paul Krugman (Nobel Prize in Economics) pic.twitter.com/3WgYG2eGk3

— Wall Street Silver (@WallStreetSilv) May 4, 2023

You thought money printing was bad before 😂👇

Introducing the 1 trillion dollar coin pic.twitter.com/k1Ujv1V9y3

— Sin City Crypto (@SinCityCrypto1) May 4, 2023

GM

The government announced the idea of a 1 TRILLION DOLLAR coin. To pay off the US debts.

What in the idiotic super inflation bullshit is this!??

— Hatsu 🧪 (@hatsunama) May 5, 2023

The Government: Crypto is garbage with no value created out of thin air.

Also the government: Let's make a trillion dollar coin to fix our debt problem… pic.twitter.com/ozbieP6zZQ

— Lark Davis (@TheCryptoLark) May 5, 2023

i honestly do wish i were capable of believing something like 'we can simply print a trillion dollar coin and all our problems will disappear.' what a peaceful existence that must be.

— Mike Solana (@micsolana) April 30, 2023

President Biden is considering minting a trillion-dollar coin out of platinum – my question is why? Why not use a metal like Cobalt-60 with a half-life of 5.26 years? It would eventually disappear giving Congress time to replace it while forcing them to solve this issue. pic.twitter.com/iAocEFx5bX

— @amuse (@amuse) May 3, 2023

Ok, time for the adults in the room to now take control.

Instead of printing some imaginary, fake, BS “trillion dollar” coin, how about we talk about REAL money?

God’s money.

Gold and silver.

And specifically PHYSICAL gold and silver.

Where do you get physical gold and silver and how do you know it’s real and safe?

And that you’re getting the best price?

Oh, and how about personal one-on-one real customer service?

You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?

That’s what I’m about to tell you.  

I have two killer connections for you…

The first is for purchasing gold and silver bullion.

That means bulk bars.

That’s the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.

You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ok, that was #1.

Now I want to tell you about option #2.

An equally great company, I am so happy to be working with these guys.

This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

You know what the beauty of that is?

TAX FREE baby!

I’m not a tax advisor, but that’s a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that’s why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

There’s so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

They call it “Faith-Driven Stewardship” and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

Sincerely,

Genesis Gold Group

Empowering Faith-Driven Stewardship

Here’s more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell ’em Noah sent ya!