1 Trillion Dollar Platinum Coin

It would no cause inflation.

1 trillion dollar platinum coin.

A us politician has asked the treasury to mint two platinum coins each worth 1 trillion in order to help the nation s economy deal with the coronavirus pandemic. The coronavirus has killed over 13 000 people worldwide including 348 in the us according to data metrics site worldometers. The abc act would be paid for by minting two 1 trillion platinum coins and additional coins as needed. Tlaib proposes minting two 1 trillion platinum coins to finance monthly coronavirus debit cards joseph lawler 3 21 2020.

The coin would have no economic impact. Platinum coins they are. With a core made of pure copper this impressivepiece of craftsmanship is layered in luxurious 0 9995 pure fine platinum. The trillion dollar coin is a concept that emerged during the united states debt ceiling crisis in 2011 as a proposed way to bypass any necessity for the united states congress to raise the country s borrowing limit through the minting of very high value platinum coins the concept gained more mainstream attention by late 2012 during the debates over the united states fiscal cliff.

A trillion dollar coin is a theoretical coin that could be legally minted because of a united states law that allows the treasury to produce platinum coins of any. But commodity money disappeared a long time ago so let s say the government decides to mint an actual trillion dollar coin and makes it out of pure platinum at the same size as the u s. The 1 trillion dollar coin does not need to be made of 1 trillion worth of platinum. California inmate firefighters to get better chance at post prison jobs.

The automatic boost to communities act would deliver a 2 000 pre paid debit card to every american with 1 000 being paid monthly after that until a year after the coronavirus crisis ends tlaib proposes to pay for the cost of the program by calling on the treasury to use its authority under federal law to issue two trillion dollar platinum coins. The coin is stamped for the year 2013 as a symbolic reference to the year it almost came to be and was ultimately put on indefinite hold. Tlaib wants the us treasury to use its constitutional powers to mint money to make a one ounce platinum coin and stamp it with the value of 1 trillion.