-
US 'seriously' considering $1 trillion coin to pay off debt
Speaking to the BBC's Today programme, Mr Roche, founder of Orcam Financial Group and blogger at Pragmatic Capitalism, said the idea was being taken "somewhat seriously" in Washington. "I know it’s been spoken about at the White House and a number of prominent people, including congressman, are talking about it," he said. In theory the US Treasury would mint the coin and deposit it into its own account at the Federal Reserve, which would allow the government to write down or cancel $1 trillion of its $16.4 trillion debt pile. The Treasury began shuffling funds in order to pay government bills after the country ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 7, 2013 11:36am Jan 7, 2013 11:36am
- abdunbar
- | Joined Dec 2010 | Status: Member | 7 Comments
- Comment #2
- Quote
- Jan 7, 2013 11:39am Jan 7, 2013 11:39am
- dvd
- | Joined Jun 2012 | Status: Member | 55 Comments
- Comment #3
- Quote
- Jan 7, 2013 11:43am Jan 7, 2013 11:43am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
- Comment #4
- Quote
- Jan 7, 2013 11:55am Jan 7, 2013 11:55am
- makine
- | Joined Dec 2012 | Status: Member | 10 Comments
- Comment #5
- Quote
- Jan 7, 2013 12:04pm Jan 7, 2013 12:04pm
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
- Comment #6
- Quote
- Jan 7, 2013 12:08pm Jan 7, 2013 12:08pm
- lumesh
- | Joined Apr 2007 | Status: Member | 285 Comments | Online Now
- Comment #7
- Quote
- Jan 7, 2013 12:30pm Jan 7, 2013 12:30pm
- clockwork71
- | Commercial Member | Joined May 2007 | 1172 Comments
- Comment #8
- Quote
- Jan 7, 2013 12:58pm Jan 7, 2013 12:58pm
- Slurp
- | Joined Dec 2012 | Status: Member | 109 Comments
Improvise, Adapt, Overcome.
- Comment #9
- Quote
- Jan 7, 2013 1:19pm Jan 7, 2013 1:19pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #10
- Quote
- Jan 7, 2013 1:43pm Jan 7, 2013 1:43pm
- pgwalker
- | Joined May 2012 | Status: Junior Member | 3 Comments
Phil G, Walkder
- Comment #11
- Quote
- Jan 7, 2013 1:51pm Jan 7, 2013 1:51pm
- Guest
- | IP XXX.XXX.72.251
- Comment #12
- Quote
- Jan 7, 2013 2:20pm Jan 7, 2013 2:20pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
- Comment #13
- Quote
- Jan 7, 2013 2:42pm Jan 7, 2013 2:42pm
- krisware
- | Joined Aug 2010 | Status: Member | 596 Comments
- Comment #14
- Quote
- Jan 7, 2013 4:35pm Jan 7, 2013 4:35pm
- CoolJL
- | Joined May 2011 | Status: Member | 811 Comments
- Comment #15
- Quote
- Jan 7, 2013 6:26pm Jan 7, 2013 6:26pm
- attrium
- | Joined Aug 2007 | Status: FXScientist | 198 Comments
The greatest risk in life, is not taking one!
- Comment #16
- Quote
- Jan 7, 2013 6:28pm Jan 7, 2013 6:28pm
- alexrazon
- | Joined Nov 2009 | Status: Member | 221 Comments
- Comment #17
- Quote
- Jan 7, 2013 7:39pm Jan 7, 2013 7:39pm
- Azzmirul
- | Joined Oct 2012 | Status: Member | 209 Comments
- Comment #18
- Quote
- Jan 7, 2013 10:31pm Jan 7, 2013 10:31pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #19
- Quote
- Jan 7, 2013 11:38pm Jan 7, 2013 11:38pm
- vilas
- | Joined Aug 2007 | Status: Member | 44 Comments
- Comment #20
- Quote
- Jan 8, 2013 2:16am Jan 8, 2013 2:16am
- lumesh
- | Joined Apr 2007 | Status: Member | 285 Comments | Online Now
- Comment #21
- Quote
- Jan 8, 2013 3:49am Jan 8, 2013 3:49am
- alexrazon
- | Joined Nov 2009 | Status: Member | 221 Comments
- Comment #22
- Quote
- Jan 8, 2013 4:15am Jan 8, 2013 4:15am
- alexrazon
- | Joined Nov 2009 | Status: Member | 221 Comments
- Comment #23
- Quote
- Jan 8, 2013 6:13am Jan 8, 2013 6:13am
- ReaM
- | Joined Dec 2010 | Status: It's all about money. | 234 Comments
I found a penny today. That's +100 pips for me.
- Comment #24
- Quote
- Jan 8, 2013 8:57am Jan 8, 2013 8:57am
- Guest
- | IP XX.XXX.222.2