The Trillion Dollar Coin trial balloon that is being floated around as a fix to the Debt ceiling, proves that there is no stopping the destruction of the dollar. Since we are heading towards another debt ceiling debate, someone is floating the idea that if an agreement cannot be reached in Congress, the Treasury has the legal power to coin money and set the value of that money. The idea of the Trillion Dollar Coin is that instead of Congressionally approved debt needed to fund the government and ultimately the dollar paradigm, Treasury Secretary Tim Geithner can mint a single coin and value it at a trillion dollars and bring it to the Fed to monetize.
The sick symbiotic relation of the lender of last resort , the Fed, and the spender of last resort, the government, ensures that all debts will be paid with increasingly worth less dollars. Prior to leaving the Federal Reserve, Alan Greenspan testified to Congress that the Fed could fund the government as far out and as much money as the government needed, but he went on to conclude that he could not guarantee the purchasing power of those dollars. The more money that enters the system destroys the value of every other dollar already in the system. This includes your current purchasing power, cost of living and the real inflation adjusted value of your assets and retirement savings. We are at the end game and people should recognize the current danger we face and take proactive action to personally avert this coming crisis.