7/22/11
Anybody heard of coin seniorage?
There's a Solution to the Debt Fight That Could Avert Catastrophe -- Why Is Everyone Ignoring It? | News & Politics | AlterNet: "So tomorrow, Geithner could order the mint to manufacture a couple of trillion-dollar platinum coins and swap them for public debt now held by the Federal Reserve. The coins, unlike the bonds held by the Fed, don't count as debt, so the transaction would bring us $2 trillion below the debt ceiling and the manufactured “crisis” would be averted." Sounds like sleight of hand to me.
Global Online Privacy
Subscribe to:
Post Comments (Atom)
-
A Setting for a Poem "Denial" Beloved by the Greek People by the Nobel Prize Winning Poet Giorgos Seferis http://www.youtube.c... -
Japan tsunami debris expected on Alaska shores soon: Earthquakes | Alaska news at adn.com : "Debris from the March 11 Japan tsunami has...
-
Chicago magazine | What Happened Between David Protess and Medill? : Apparently still untangling or tangling depending on your POV. Global O...
No comments:
Post a Comment