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The US is "seriously" considering creating a $1 trillion platinum coin to write down part of its debt to avoid defaulting as early as next month, [[ the US Treasury would mint the coin and deposit it into its own account at the Federal Reserve ]], allowing the government to write down $1 trillion of its $16.4 trillion debt.
The Treasury began shuffling funds to pay government bills after the country hit its $16 trillion debt limit. However, the accounting maneouvres will last only until end of February as the latest fiscal cliff deal gives US politicians two months to raise the debt limit before the country defaults.
The idea, which was raised last year, has been floated by several financial analysts in the States over recent days as Congress and the government approach the key fiscal vote. The Treasury has broad discretion on coins made from platinum, and in theory, it is allowed to mint a platinum coin and assign any value to it.
>>> of course the US Govt will never mint such coins..............[[ it can even void the entire debt by paying back the Federal Reserve just USD1Billion as stipulated when the Fed was created ]]....................with the US Govt owned by the same Jewish bankers that own the Fed...............the debt will continue to snowball..............
The Treasury began shuffling funds to pay government bills after the country hit its $16 trillion debt limit. However, the accounting maneouvres will last only until end of February as the latest fiscal cliff deal gives US politicians two months to raise the debt limit before the country defaults.
The idea, which was raised last year, has been floated by several financial analysts in the States over recent days as Congress and the government approach the key fiscal vote. The Treasury has broad discretion on coins made from platinum, and in theory, it is allowed to mint a platinum coin and assign any value to it.
>>> of course the US Govt will never mint such coins..............[[ it can even void the entire debt by paying back the Federal Reserve just USD1Billion as stipulated when the Fed was created ]]....................with the US Govt owned by the same Jewish bankers that own the Fed...............the debt will continue to snowball..............
