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Trillion-dollar platinum coin scheme to save US economy is a fraud – Max Keiser

Trillion-dollar platinum coin scheme to save US economy is a fraud – Max Keiser
As the US debt pile continues to grow, a number of schemes have emerged in Washington on how to solve the problem. Max Keiser looks at the idea of minting a trillion-dollar platinum coin.

The concept emerged during the US debt-ceiling crisis of 2011, to bypass any necessity for Congress to raise the country’s borrowing limit, through the minting of very high-value platinum coins.

“They conjured up a $1 trillion platinum coin. Apparently, there’s a loophole in the Constitution that allows this fraud to take place, but why not just conjure up a $30 trillion platinum coin and get rid of all the debt,” Max points out.

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