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The Id3al Experience

Is this Correct?

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It was actually proposed, but certainly is not being taken seriously. Even if the FED minted that coin it still would not be the property of the government. The government still would need a law to appropriate that coin.

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It was actually proposed, but certainly is not being taken seriously. Even if the FED minted that coin it still would not be the property of the government. The government still would need a law to appropriate that coin.

Ok then, I just had to shake my head saying.... gosh is it that easy - Im broke - I know lets make a trillion dollar coin to pay our debt.

Just didn't seem right to me.

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I wouldn't completely rule out the possibility that this won't occur. The loophole in the law allows the Treasury- not the Federal Reserve to print commemorative coins. So as long as it is platinum, it can be any denomination. And as terrible an idea as this is, it is still not as terrible as defaulting on our national debt.

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