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But there is a way out, and it’s been known for years. What we do is mint a $1 trillion platinum coin. Nobody in Congress appears capable of even pretending to act like an adult. So in that ...
Of course this isn't what is being considered, but what if the U.S. Treasury minted a coin from $1 trillion worth of platinum? Such a coin would weigh 42,778,918 pounds -- the equivalent of nearly ...
Policy wonks are debating whether a trillion-dollar platinum coin would be a clever or insane way for President Obama to play hardball with Republicans in the upcoming debt limit battle.
Treasury Secretary Janet Yellen shot down the idea, calling it a "gimmick." Could a $1 trillion platinum coin be the solution to the U.S. government's debt limit crisis? Before reaching a short ...
But no option would be funnier — in a way that matches the absurdity of the situation Washington finds itself in — than this one: minting a platinum coin worth $1 trillion to pay for the ...
Minting a $1 trillion platinum coin or using the 14th amendment could solve the crisis while sidestepping Congress. But Democrats Insider spoke to are skeptical of taking either of those routes.
The Indicator from Planet Money explores how a trillion-dollar platinum coin could get the country around the debt ceiling limit. The U.S. can't legally borrow any more money - not unless the debt ...
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Costco now selling platinum bars and coins on websiteas well as a 1-ounce Canada Maple Leaf platinum coin on its website, both listed at $1,089.99. The products carry a markup of about $94, according to Yahoo Finance. The bars are Swiss-made and ...
The company will also sell a 1-ounce Canada maple leaf platinum coin for the same price. The bars and coins are available online only and cannot be delivered to Louisiana, Nevada or Puerto Rico ...
Premium bonds are harder to explain, which may make them a more likely route, simply because the platinum coin offers an easier target for false narratives. But let me start with the coin.
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