This unaltered story was originally published on RT Russian state media. [1]

(C) RT
This unaltered story was originally published on RT Russian state media. [1]
Published here by permission.
------------------

Trillion-dollar platinum coin scheme to save US economy is a fraud – Max Keiser

By: ['Russia Today']

Date: 2021-10

As the US debt pile continues to grow, a number of schemes have emerged in Washington on how to solve the problem. Max Keiser looks at the idea of minting a trillion-dollar platinum coin.

The concept emerged during the US debt-ceiling crisis of 2011, to bypass any necessity for Congress to raise the country’s borrowing limit, through the minting of very high-value platinum coins.

“They conjured up a $1 trillion platinum coin. Apparently, there’s a loophole in the Constitution that allows this fraud to take place, but why not just conjure up a $30 trillion platinum coin and get rid of all the debt,” Max points out.

For more stories on economy & finance visit RT's business section

[END]

[1] Url: https://www.rt.com/business/537229-keiser-report-trillion-dollar-coin/

RT via gopher://magical.fish/1/feeds/news/rt/