WebJan 16, 2024 · Why unserious policy ideas — such as minting a trillion-dollar coin — can’t address government overspending or help us avoid this summer’s debt-ceiling vote. WebMilowent • has spoken 18:34, 10 January 2013 (UTC) [ reply] At $1600/troy oz., it would take 625 million troy oz. of platinum to make a coin with $1 trillion worth of platinum in it. As Milowent says, though, it would be worth $1 trillion only because the Treasury says so, not because of its melt value.
Trillion-dollar coin - Wikipedia
WebNow that the U.S. government is once again at risk of defaulting on its debts because of an impasse over raising the debt ceiling, were back to arguing over whether minting a trillion … WebJan 11, 2024 · So far, Biden has rejected any non-congressional options. In 2024, Treasury Secretary Janet Yellen dismissed the trillion-dollar coin as a “gimmick.”. And Biden’s legal team has reportedly ... how to change big apps to small apps
A trillion-dollar coin could be minted within hours of an emergency ...
WebSep 30, 2024 · The U.S. Treasury would mint a $1 trillion platinum coin under commemorative clauses and deposit it at the Federal Reserve. Essentially, this would give the U.S. an extra $1 trillion in funds to ... WebApr 10, 2024 · When we look at millions, billions and trillions in time scales, the size of a trillion really becomes apparent. It would take us over 350 lifetimes, at an average of 90 years each, to live a trillion seconds … WebThe trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to … michael c bonnici