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The $1 trillion platinum coin ‘solution’

Posted on 10 December 2012

If the president wants to avoid an economic calamity next year, he could always show up at a news conference bearing two shiny platinum coins, each worth … $1 trillion.
This sounds utterly insane. But some economists and legal scholars have suggested that the “platinum coin solution” is one way to defuse a crisis if Congress cannot or will not lift the debt ceiling soon. At least in theory………………………………………..Full Article: Source

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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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