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Forum Post: the serpent's debt ceiling

Posted 2 years ago on Dec. 5, 2012, 10:13 p.m. EST by bensdad (8977)
This content is user submitted and not an official statement

How to avoid the "raise the debt ceiling" debate crisis and defang the blackmailing republiclan serpent.


There are many laws about American coins. One law states that the Secretary of the Treasury can mint any PLATINUM coin in ANY denomination. Therefore, he can produce ONE platinum coin in the one trillion dollar denomination and deposit it in the Fed. The Fed can then use this trillion dollars to pay debts previously voted on by congress - without the serpent's ceiling raising threats.


An easier way - the President, alone, can raise the debt cieling by himself and only congress can overrule it with a 2/3 vote.

11 Comments

11 Comments


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[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

The Fed buys from Goldman Sachs, not the Treasury.

Stop endorsing these criminals.

[-] -1 points by RedDragon (-161) 2 years ago

My feeling on this honestly is that rank and file Re-pubs will fold, but the Conservatives are gonna go for broke; we're going over the cliff. Which means more recession for BO. And me.

[-] -1 points by ivyquinn (167) 2 years ago

End the fed, end wall st and instate alternative currencies on a local and state level.

[-] 1 points by bensdad (8977) 2 years ago

Are there any polls that support this? The only way to do this is with LAWS in congress
What percent of congress favors ending the Fed? What percent of congress favors alternate currency?

[-] 0 points by ivyquinn (167) 2 years ago

Polls do indicate that's majority of Americans are in favor of ending or reining the FED and instating alternative currencies .

[-] 0 points by bensdad (8977) 2 years ago

WHICH poll asked that
WHAT majority
I can cite polls & numbers on "MY" issue
can you?
see many polls at
http://corporationsarenotpeople.webuda.com
where are yours?

[-] 1 points by ivyquinn (167) 2 years ago

First off, don't be so confrontational. If you are a supporter of economic freedom and getting dark money out of politics, ending their faux monetary system would be a great place to start.

http://www.bloomberg.com/news/2010-12-09/more-than-half-of-americans-want-fed-reined-in-or-abolished.html

Bloomberg isn't exactly a reliable source, but I always seem to get backlash if it isn't MSM newsworthy. But if you want more sources I would gladly oblige.

With love,

Ivy

[-] 1 points by bensdad (8977) 2 years ago

I would accept this poll as REAL
but I would factor in:
the poll is two years old
twice as many people want it reigned in as want it abolished
this was BEFORE the QE - that was very successful
the poll (obviously) included around 50% Rs who have proved in the last four years that they put their hatred of Obama over their lo ve of America

[-] 2 points by ivyquinn (167) 2 years ago

Also QE wasn't successful...our economy is an worse place than I was two years ago and we have not only devalued our markets, but have lost our credit rating.

[-] 1 points by ivyquinn (167) 2 years ago

I wouldn't say that (R)'s even truly understand what the reserve actually is.

However, those that do usually either:

1) coddle he GOP's agenda to continue to devalue our market 2)oppose it & speak out against it solely without action

[-] -2 points by hchc (3297) from Tampa, FL 2 years ago

Another Democrat more in favor of centralizing more power, as opposed to decentralizing it as Occupy suggests.

Someone spike the eggnog at the latest fundraiser?