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History Suggests That Entitlement Era Is Winding Down

Charles SWVA Wrote: Jan 14, 2013 8:57 AM
What come next is the $1 Trillion coin, even though the FED and Treasury denies it. Most people, including mathemeticians, just cannot mentally grasp how much a trillion of anything is. At the current price of around $1,650 per ounce the $1 Trillion coin would: Weigh 18,900 TONS. Be a 30.4 feet by 30.4 feet by 30.4 feet cube i.e. 28,209 cubic feet The gubmint, however, would produce a one-ounce platinum coin and stamp its value on the face as $1 Trillion. They may use lead since it approximates the color of platinum. 17 of these lead coins, declared to be worth $1 Trillion each, could pay off the national debt.
George257 Wrote: Jan 14, 2013 9:05 AM
Except that the government debt would not be paid off. If 17 $1trillion coins were minted, the debt would be increased by 17 trillion....because they can.

You cannot help an alcoholic by lending him money. He will simply drink himself to death.
Vic156 Wrote: Jan 14, 2013 10:52 AM
This is the most true thing I've seen today! Excellent observation. Is China hoping that we 'drink' ourselves to death I wonder?
It's often good fun and sometimes revealing to divide American history into distinct periods of uniform length. In working on my forthcoming book on American migrations, internal and immigrant, it occurred to me that you could do this using the American-sounding interval of 76 years, just a few years more than the Biblical lifespan of three score and 10.

It was 76 years from Washington's First Inaugural in 1789 to Lincoln's Second Inaugural in 1865. It was 76 years from the surrender at Appomattox Courthouse in 1865 to the attack at Pearl Harbor in 1941.

Going backward, it was 76 years...