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IPFS News Link • Government Debt & Financing

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

• Axios

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.

How it works: The U.S. Mint, which Diehl ran from 1994 to 2000, already produces a one-ounce Platinum Eagle and has no shortage of platinum blanks already in stock.

ALSO - SEE THIS ARCHIVE ON FREEDOM'S PHOENIX: https://www.freedomsphoenix.com/Search-Page.htm?EdNo=001


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