Saturday, 19 January 2013

Trillion Dollar Coin Update

Some weeks ago, I wrote about an idea floated in the US about minting a $1,000,000,000,000 coin - now we know it is not going to happen (for the time being at least!).

Has this story just caused fantasies and dreams about such a unique coin? Or has it taught us anything?

I believe it has reminded us that the economy is not outwith the control of those in power and that debt does not mean the same to large sovereign nations as it does to the populus.

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