Did Mark Twain Anticipate the Trillion Dollar Coin?
By Chris Powell
Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?
For whatever it’s worth, I don’t think that the U.S. government’s resort to the platinum coin gimmick would have any more effect on the price of regular platinum coins than its general inflationary effect on all prices.
But like every other institution, the U.S. Mint occasionally makes mistakes, and there’s a laugh in the possibility that the mint might let a trillion-dollar coin escape into public circulation, with a lucky possessor someday walking into a bank to present it and ask for change.
Back in 1893, Mark Twain had fun with a short story based on the concept underlying the platinum coin, i.e. high utility of infinite credit:
“The Million Pound Bank Note” by Mark Twain is a satirical short story about Henry Adams, a penniless American who ends up in London. Two wealthy brothers give him a one million pound bank note as part of a bet to see if he can survive for a month without spending it. Henry’s mere possession of the note brings him unexpected fame and fortune, allowing him to live comfortably on credit — and without ever having to cash or redeem the banknote.
In any event, it’s more likely that the U.S. Mint would make any trillion-dollar coin a lot larger than regular coins and the Federal Reserve would lock it in a special display case for exhibiting to school children so they might be misled as to where money comes from and why their country’s financial system is so modern and “ingenious,” at least while the world is so easily snookered.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom Nootropic
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,632,398,925 |
| Stories: | 8,228,803 |
Whistler Blowers, Insiders
