![\"\"](\"https:\/\/blog.netspark.de\/wp-content\/uploads\/2013\/01\/PlatinumCoin-64x64.png\" "\\"PlatinumCoin\\"")
The USA have a big problem. The problem is money. The USA is missing 16
\ntrillion of it actually. So what’s the way to solve this misery? One thing might
\nbe the issue of a platinum coin with a nominal value of, let’s say 1 trillion.
\nIssuing 16 of these and selling them to the FED would virtually solve the prob.<\/p>\n
So why didn’t the US Mint bring out these already? One problem might be: How trustful is this action? Obama still is against this plan as it would counterfeit the goal to lower the US debt.<\/p>\n
Edmund Moy, who led the Mint from 2006 until 2011, asked with some irony: \u201cWhy stop at a single trillion-dollar coin? Why not mint four of them and cover all federal spending for a year? Why not make 17 of them and pay off the actual national debt?\u201d<\/p>\n
However there are already denials about this plan. There should be no legal way to bypass the debt limit which is actually set at 16.4 trillion US$ and probably reached at the end of February 2013.<\/p>\n
But anyways, the question is, what is the USA doing when the 16.4 trillion border is being reached?<\/p>\n
I guess: They’ll raise the debt border once again… as they already did in the past. And how’s the rating of the USA being affected? In no way because the rating agencies are US-controlled and all except Moody’s still attest the USA a triple-A-Rating according to the creditability of the USA.<\/p>\n
So why bother about this anyways? Is it because of the fact that the rating agencies scale down almost every country except the USA?<\/p>\n
Most likely… I would say…<\/p>\n
by the way: Minting a platinum coin actually covering the value of 1 trillion would be difficult as the coin’s weight would be 804’505’229oz or 28962 tons could lead into big problems…<\/p>\n","protected":false},"excerpt":{"rendered":"
The USA have a big problem. The problem is money. The USA is missing 16 trillion of it actually. So what’s the way to solve this misery? One thing might be the issue of a platinum coin with a nominal value of, let’s say 1 trillion. Issuing 16 of these and selling them to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,342,3],"tags":[2282,2283,2284,36],"class_list":["post-4353","post","type-post","status-publish","format-standard","hentry","category-curiosities","category-economyfinance","category-news","tag-det","tag-minting","tag-platinum-coin","tag-usa"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/4353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4353"}],"version-history":[{"count":0,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/4353\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}