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Could a trillion-dollar platinum coin save America from its debt crisis? Keiser Report finds out | Could a trillion-dollar platinum coin save America from its debt crisis? Keiser Report finds out |
(12 days later) | |
US Treasury Secretary Janet Yellen said on Tuesday it was “utterly essential” for Congress to lift the federal debt limit ahead of the October 18 deadline to avoid default. | US Treasury Secretary Janet Yellen said on Tuesday it was “utterly essential” for Congress to lift the federal debt limit ahead of the October 18 deadline to avoid default. |
Yellen added that she opposes using a loophole in US currency law to resolve the crisis. | Yellen added that she opposes using a loophole in US currency law to resolve the crisis. |
Meanwhile, a former director of the United States Mint, Philip Diehl, told Axios that a trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so.” | Meanwhile, a former director of the United States Mint, Philip Diehl, told Axios that a trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so.” |
Max and Stacy discuss whether such a decision could help Washington cover debts and prevent default. | Max and Stacy discuss whether such a decision could help Washington cover debts and prevent default. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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