A trillion-dollar coin could be minted within hours of an emergency decision to do so
this really makes me laugh. It reminds me of many other countries that simply didn't pay off their debts like china way back. Now a 1 trillion dollar mint coin is "a value" of substance one has to think. But in the process of it you an flush down the entire USD System that is currently in place down the drain, which at least in my own opinion it will definetly do over time. The trust in the USD is already sinking and USD and the swiftness of creating a $1 trillion coin could serve as an extreme last-minute option if Congress failed to raise the debt ceiling before the Treasury runs out of money on October 18.
But as Treasury Secretary Janet Yellen urges Congress to raise the debt ceiling to avoid an economic catastrophe, she is also knocking down the idea of the $1 trillion coin.
https://www.businessinsider.com/trillio ... en-2021-10
Raising the US debt ceiling has been a tradition over the past many decades and given the unabated spending by the US Gov. (any color) it will continue to be so.
I wonder who of the creditors will blink first to have the whole house crashing down.
The 1 trillion mint coin baby
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