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Keyword: minting

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  • Clown World: D.C. Elites Consider Minting ‘Trillion-Dollar Coin’ to Game Debt Limit

    10/06/2021 7:04:17 AM PDT · by ChicagoConservative27 · 31 replies
    Breitbart ^ | 10/06/2021 | BREITBART NEWS
    WASHINGTON (AP) — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy. Even its serious proponents — who are not that many — call it a gimmick. They say it is an oddball way out of an oddball accounting problem that will have severe consequences to average people’s pocketbooks and the economy if it is not worked out in coming days.
  • With Amazon minting currency, Fed at risk

    02/13/2013 5:38:26 PM PST · by george76 · 51 replies
    MarketWatch ^ | Feb. 13, 2013 | Matthew Lynn
    The euro may well be on the road to a chaotic collapse, taking some of the world’s biggest banks with it. A currency war may break out between Japan, the U.S. and Europe. Printing money has run out of steam, but there is still little sign of the global economy returning to the kind of growth rates it saw before the credit crunch. But in the long term what they should perhaps be most worried about is losing their monopoly on issuing money. A new breed of virtual currencies are starting to emerge — and some of the giants of...