Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Obama’s Two Coin Debt Ceiling Fix

Monday, December 17, 2012 10:43
% of readers think this story is Fact. Add your two cents.

(Before It's News)

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.”

Read More @ WealthWire.com



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.