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Interesting thread about the $1 Trillion Coin (twitter.com) 🤡 LITERAL SHITCOIN 🤡

posted 1 year ago by Heldiggrisen 1 year ago by Heldiggrisen +67 / -0

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– BetterNameUnfound 6 points 1 year ago +6 / -0

A few days ago, I read a similar idea on another win:

Just inform the fed we're even and good bye. Interest is the single largest expense right now, and it can be solved with a pen stroke.

Refuse to make good on the debt until the fed submits to a full public audit and proves it actually has the assets to make such loans.

Just so I'm clear, this sounds fucking idiotic. But I can't put my finger on why--I'm not an economist.

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▲ 7 ▼

– Heldiggrisen [S] 7 points 1 year ago +7 / -0

It will go to SCOTUS.

SCOTUS will look at the constitution, and find out what’s really in there (created by the people, backed by gold and silver).

SCOTUS will deem the entire FED gamble unconstitutional, and dissolve it.

My wet dream.

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