Obama’s Two Coin Debt Ceiling Fix
by Adam English, Wealth Wire:
This hasn’t seen much coverage, and rightfully so, but there is an easy out for President Obama on the perpetual debt ceiling debates.
Simply mint two tiny platinum coins. I’m being serious, actually…
A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. Paper money, along with gold, silver and copper coins, are all tightly controlled.
As absurd as the idea is, it is right there in the books:
“The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time.”
2012-12-17 10:35:41
Source: http://sgtreport.com/2012/12/obamas-two-coin-debt-ceiling-fix/
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