Post
Topic
Board Economics
Re: If the USA can't raise the debt ceiling in time what will happen to the price?
by
evoorhees
on 31/07/2011, 17:32:57 UTC
Also, Title 31, sec. 5112, paragraph (k) of the U.S. code explicitly authorizes the Treasury department to issue as much money in the form of platinum coins as it wishes, at its discretion.  So, in a pinch, Geithner could always just stamp out a few platinum coins marked "ONE TRILLION DOLLARS" each, and make the debt problem go away.

Lol it's funny cause it's true.