Dot Com Pho – Trillion Dollar Coin Edition

Last week at Dot Com Pho OC, Stephen Fung brought the Vancouver rain and forced us indoor. This week, he’s back in Vancouver and weather in Orange County have returned to its normal sunny state. However, when I got to Pho Ba Co, I found that the attendees were inside because the weather outside, while sunny, was “only” 60F. When it comes to weather, the OC is full of wimps!

After forcing everyone outside, we got down the important business of minting a trillion dollar coin to help pay down the US Federal debt. We also talk about what a job is, and Sally goes skiing for the first ever, and mastered it in 30 minutes.

Next week’s Dot Com meetup will be in Las Vegas. See you there!

12 thoughts on “Dot Com Pho – Trillion Dollar Coin Edition”

  1. Warren Buffet says:

    Ah, the $1T coin. Probably 99% of the population doesn’t understand how our money system works: mostly (other than currency) we use debt (created of out nothing by banks) as money (a scheme that throughout history usually collapses after about 70 years or so).

    This video explains using debt as money:

    This great video shows what happens when govts print extra money to repay their debts:

    1. Fredrick says:


      As a result of the fractional reserve banking system, there will never be enough money in the system to pay back the debt with interest.

      If, for example, the original amount injected into this type of debt monetary system was 10 trillion dollars, the government has to pay it back with interest. If there is only 10 trillion dollars in the economy, where is the money to pay the interest on top of the principal supposed to come from?

      The debt monetary system is perpetual and doomed to fail, just like any ponzi scheme.

      It would be cool, though to see a trillion dollar coin. I saw a Canadian million dollar bill on display at the Canadian National Exhibition in Toronto, Ontario. It was just a one off thing for show but it was still a fascinating thing to see.


      1. Warren Buffet says:

        > there will never be enough money in the system to pay back the debt with interest.

        Actually, it is possible to repay the debt+interest through the bank’s profits being spent back into the economy. This error is addressed in later versions of the “money as debt” videos.

        1. Steve says:

          Agreed, but private banks [and their shareholders] funneling their profits back into the economy is a reasonable solution? I’m a skeptic but I’ll have to view the “money as debt” videos first before I can make further educated comments.

          In the mean time, I hope the “bubble” does not burst while I try to build my empire from JC’s tips.

          1. Warren Buffet says:

            Agreed, a “possibly sustainable” monetary system does not seem ideal, or even desirable.

  2. Eric says:

    Trillion dollar coin! Seriously, this is the first that I have ever heard of this one. But I would not put it past US Congress to pull something like this. Though, I really like your idea John why stop at only 1 trillion dollar coin. Let’s go for more…just like our debt!

    What do you honestly think about the US federal debt? and where things are heading?

  3. faisal says:

    Another awesome dot com pho, but what about talking about newer gadgets, hopefully next edition will talk about CES

  4. Jason James says:

    you shouldn’t care about the US govt. debt as long as you live a comfortable life with a slice of the pie for yourself.

  5. Tiffany Dow says:

    Our country is painfully ridiculous right now in Congress. Need to scrape it all and start over. I’m disgusted with everyone – including the magic coin. LOL!

    Sally looks precious skiing, John!

  6. Adam says:

    Merica, stay amerrican.

  7. Ben Hebert says:

    Looking forward to the meetup and seeing you all in sunny Las Vegas.

  8. I’m sit in Marbella – Spain – Europe and here are people from all over Europe and all saw that U.S. Congressmen is a shame for the USA and they think only of themselves and not for the best for the people of today and tomorrow.

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