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American Capital Agency Corp. Message Board

  • onion1273 onion1273 Jan 9, 2013 8:46 AM Flag

    Your money is worthless.

    By Ian Katz
    Jan. 8 (Bloomberg) -- The looming showdown between
    President Barack Obama and congressional Republicans over
    raising the $16.4 trillion federal debt limit has made
    alternatives including minting a trillion-dollar coin or
    invoking a constitutional amendment to pay the bills part of the
    political debate.
    So far, the Obama administration isn’t participating.
    The proposal is for the Treasury Department to mint a platinum
    coin worth $1 trillion and deposit it at the Federal Reserve to
    give the U.S. enough money to pay its debts.

    OK, If this happens what's your money worth?
    "What's in your wallet?"
    I vacationed in Brazil in the 80's...I know what hyper-inflation and currency devaluation looks like.

    Buy food, water and a gun. - Think of it as an insurance premium.

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