12 Oct, 2021 11:10
As the US debt pile continues to grow, a number of schemes have emerged in Washington on how to solve the problem. Max Keiser looks at the idea of minting a trillion-dollar platinum coin.
The concept emerged during the US debt-ceiling crisis of 2011, to bypass any necessity for Congress to raise the countryâs borrowing limit, through the minting of very high-value platinum coins.
âThey conjured up a $1 trillion platinum coin. Apparently, thereâs a loophole in the Constitution that allows this fraud to take place, but why not just conjure up a $30 trillion platinum coin and get rid of all the debt,â Max points out.
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Originally posted on https://www.rt.com/business/537229-keiser-report-trillion-dollar-coin/?utm_source=rss&