Trillion Dollar Platinum Coin – Dumb Idea of the Day


email signup          RSS News Signup          Fay Servicing          BC’s profile

Ok, here’s the idea.
1. The U.S. Mint (i.e. Department of Treasury) produces a platinum coin with face value of $1 Trillion.
2. Department of Treasury deposits $1 Trillion coin at Federal Reserve Bank.
3. Federal Reserve Bank deposits $1 Trillion at U.S. Treasury
4. U.S. Treasury spends the money as directed by Congress.


Some of our legislators are promoting this stupid idea to solve our debt problems.

Take a look:  Trillion Dollar Coin Solution – Fox Business video (2 minutes)


This chart at Zero Hedge shows how the whole idea is a fiction, nothing more than printing money. – also the comment in the post is worth your time.

zhPlatinum Mined

I feel so much better that all of our problems are solved!


One thought on “Trillion Dollar Platinum Coin – Dumb Idea of the Day

  1. Pingback: 3 Unemployment Charts, Yves on Robo Settlement, Servicers and HUD, Money for Nothin’ – Checks for Free, DQs Decline, Reverse for Purchase, Richer by Default, Corporate Rates, Reverse AARP Wrath, Generation X & Housing, Flipping Waiver Exte

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s