1 trillion dollar platinum coin

cone10

I pulled this from a CNN article:

Are there other ways for the president to raise money besides borrowing?

Sovereign governments such as the United States can print new money. However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.
Ironically, there's no similar limit on the amount of coinage.

A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.

jmski52

Maybe D. Carr will beat Geithner to the punch with a platinum overstrike for a $1 trillion coin. It doesn't yet exist, so it wouldn't be a counterfeit.

mrearlygold

Of course the lowlife's at cnn would discuss how "the president" can circumvent the Congress.

They should all be left to eat rocks.

DrBuster

There's reasons I left cnn, the BS lean is one of them.

pmcollectour

Zimbabwe printed new money too.