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View Diary: The debt ceiling dance and the trillion dollar coin (218 comments)

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  •  FedGov owns a trillion in oil reserves, back the (0+ / 0-)

    coins in oil reserves.  Dollar for Dollar. Mint million dollar gold oil reserve coints.  Mint 3 million of them, that would be 3 trillion bucks

    80 % of success


    showing up! ! ! !

    by Churchill on Sun Jul 31, 2011 at 09:54:03 AM PDT

    [ Parent ]

    •  There is no provision in law (1+ / 0-)
      Recommended by:

      for a million dollar gold coin, even if the coin was made out of a million dollars worth of fine gold.

      There is law permitting minting platinum coins of ANY arbitrary denomination in ANY arbitrary weight.

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