ohanian wrote:Why don't Trump just print 20 coins at $1 trillion dollar a coin and deposit it at the Federal Reserve?
Debt? What debt? Trump can just pay back $20 trillions worth of debt with twenty coins
http://www.telegraph.co.uk/finance/financialcrisis/9784898/US-seriously-considering-1-trillion-coin-to-pay-off-debt.html
Because it is a silly attempt at an accounting trick. Everyones knows the relative value of platinum is a microscopic fraction of a trillion dollars an ounce. Instead of pkatinum just printing 1 paper bill labled 20 Trillion would be just as (in)effective, and it would certainly be a lot more honest.
The better scheme would be to claim federal lands have a value of $20,000/acre, create transfer titles for a few million acres that could be put on the books as saleable property, then deposit those title certificates with the Fed. People will easily accept that property along the interstate passing through a federal forest is worth $20,000/acre because developers would love to buy the strip on land close to the highway.