Tuesday, April 18, 2023

PLATINUM COIN 2012 to 2023

 April 18, 2023


Today Taxes  are due.

This  is  my  Blog   USDebtNOmore  which i started in 2006 .

I happened to find this blog today . 

So, since US  is deciding about the DEBT CEILING  , it is appropriate that i write something here.

I am amazed that  President Biden does not consider  asking  Secretary Yellen to  use this opportunity TO  MINT the famous  PLATINUM  COIN  .

I first heard about it in Dec 2012  when President Obama was in the White House.

I really fell in love with that idea !  Why? 

Because this blog that i started in 2006  , is NAMED  

USDebt NOmore.blogspot.com   

it means that i have been worried about the US Debt and found this IDEA of the PLATINUM COIN  could Save US a lot of Headaches  

in the WORLD HISTORY of NATIONAL  DEBT  , every Nation has fallen into Debt and SOME NATIONS  were FORGIVEN their  DEBT .  

So,  ALL Nations could use the IDEA of MINTING  PLATINUM COINS  to be deposited in their  CENTRAL Bank or  as in US  the FEDERAL  RESERVE.

In 2012  , i actually  went on the WHITEHOUSE.Gov site to suggest to President Obama 

to use ONE PLATINUM COIN  of 1TRILLION  Dollars to take care of the STUDENT  DEBT  

which happened to be 1 Trillion Dollars in 2012 

>>>>>>>>>>>>>> 

One day , i heard in the NEWS  that  reporters  had asked about the  Platinum Coin , Bernanke  and President Obama  had "SHOT IT DOWN"

That made me so sad !

Here we are in 2023  MORE  than 10  yrs  later 

Nothing has been done to relieve US DEBT , and they cannot even extend the US DEBT CEILING. 

Even though The NEW REPUBLIC  published an article titled 

" MINT  THE  TRILLION DOLLAR PLATINUM COIN , DARK BRANDON "

>>>>>>>>>>>>> but  STILL NO ONE  DARES  SAVE  AMERICA  from this  Debt nd Debt Ceiling fiasco repeated every single year . 

 SO again   I  am  SAD


M B








What can i say ?  I am sad.


T




Now, I am suggesting  that in order to NOT CREATE INFLATION  , this PLATINUM COIN  to which we can