1 Trillion Dollar Platinum Coin

Tlaib proposes minting two 1 trillion platinum coins to finance monthly coronavirus debit cards joseph lawler 3 21 2020.

1 trillion dollar platinum coin.

The automatic boost to communities act would deliver a 2 000 pre paid debit card to every american with 1 000 being paid monthly after that until a year after the coronavirus crisis ends tlaib proposes to pay for the cost of the program by calling on the treasury to use its authority under federal law to issue two trillion dollar platinum coins. It would no cause inflation. With a core made of pure copper this impressivepiece of craftsmanship is layered in luxurious 0 9995 pure fine platinum. Platinum coins they are.

California inmate firefighters to get better chance at post prison jobs. To finance the debit cards rep. Tlaib wants the us treasury to use its constitutional powers to mint money to make a one ounce platinum coin and stamp it with the value of 1 trillion. The coin is stamped for the year 2013 as a symbolic reference to the year it almost came to be and was ultimately put on indefinite hold.

While most non coin collectors have never even heard of u s. The 1 trillion dollar coin does not need to be made of 1 trillion worth of platinum. The coin would have no economic impact. But commodity money disappeared a long time ago so let s say the government decides to mint an actual trillion dollar coin and makes it out of pure platinum at the same size as the u s.

A us politician has asked the treasury to mint two platinum coins each worth 1 trillion in order to help the nation s economy deal with the coronavirus pandemic. A trillion dollar coin is a theoretical coin that could be legally minted because of a united states law that allows the treasury to produce platinum coins of any. Our one trillion dollar platinum coin is minted to the highest quality proof standard.