Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
The Debt Clock
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 5022635" data-attributes="member: 12952"><p>[URL unfurl="true"]https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html[/URL]</p><p></p><p>A trillion-dollar platinum coin could be minted "within hours of the Treasury Secretary's decision to do so," Philip Diehl, former director of the United States Mint, tells Axios.</p><p><strong>Why it matters:</strong> Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and <a href="https://www.cnbc.com/2021/09/28/congress-must-raise-the-debt-limit-by-oct-18-yellen-warns.html" target="_blank">time is running out</a>. In case of emergency, a trillion-dollar coin <a href="https://www.axios.com/the-coin-that-could-avert-a-federal-debt-default-f4d7e1ab-25d9-4add-8059-5493c47ac341.html" target="_blank">could be deployed</a> to bridge any gap between the money running out and the debt ceiling being raised.</p><p><strong>"Voila, </strong>we'd have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation," says Diehl.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5022635, member: 12952"] [URL unfurl="true"]https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html[/URL] A trillion-dollar platinum coin could be minted "within hours of the Treasury Secretary's decision to do so," Philip Diehl, former director of the United States Mint, tells Axios. [B]Why it matters:[/B] Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and [URL='https://www.cnbc.com/2021/09/28/congress-must-raise-the-debt-limit-by-oct-18-yellen-warns.html']time is running out[/URL]. In case of emergency, a trillion-dollar coin [URL='https://www.axios.com/the-coin-that-could-avert-a-federal-debt-default-f4d7e1ab-25d9-4add-8059-5493c47ac341.html']could be deployed[/URL] to bridge any gap between the money running out and the debt ceiling being raised. [B]"Voila, [/B]we'd have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation," says Diehl. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
The Debt Clock
Top