Kevin Bae

Non-Social in a Socially Networked World

Trillion dollar platinum coin to avert debt ceiling issue? Heck print 100 of those puppies!

In the latest round of stupidity and proof our money isn’t worth anything other than what the government says it’s worth, a former director of the U.S. Mint says the United States could just create a trillion dollar coin as a bridge loan to avert a debt ceiling crisis. They should just print 100 of them now and we won’t have to worry about a debt ceiling ever. Heck, why not print a few hundred million and hand them out like Chicklets. We’ll all be filthy rich!

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.

Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.

Trillion-dollar platinum coin could be minted at the last minute – Axios