Monday, January 14, 2013

The Trillion Dollar Coin questions

I keep thinking about the proposed $1 Trillion platinum coin.

If it were lost through government employee stupidity or negligence and I found it, would it be honored for $1 Trillion?  Would I then be a trillionaire?  (Leaving aside the fact that the criminals of The State would claim it was theirs, no matter how negligent they were.)

If it were stolen, could it be spent anywhere?

If the answers to these two questions are "no", then it is not a real trillion dollar coin, but a counterfeit.