The US Govt CAN Legally Bypass The Federal Reserve. 2 Platinum Coins Is All It Would Take.
Two coins, that’s all it would take.
Brad Plumer at The Washington Post proposes a novel way for President Obama to avoid an “economic calamity”: “He could always show up at a press conference bearing two shiny platinum coins, worth… $1 trillion apiece.” It sounds crazy, but some economists say minting two trillion-dollar coins — as long as they’re made of platinum
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Is the platinum coin option really legal? Apparently so. It was originally raised during the 2011 debt-ceiling crisis by Jack Balkin, a law professor at Yale Law School. Under law, he noted, there’s a limit to how much paper money the United States can circulate at any one time, and there are rules that limit how many gold, silver and copper coins the Treasury can mint.
But there’s no such limit when it comes to platinum coins.
http://news.yahoo.com/could-obama-sidestep-debt-ceiling-showdown-minting-1-152300480.html
That’s right. When laws for monetary supply were being drawn up after the 1913 takeover of the
Federal Reserve, platinum wasn’t really a considered precious metal, so it wasn’t considered a threat in the minting laws, creating a loophole for the govt to bypass the federal reserve.
Now, some will say, injecting that much money into the economy would send the inflation rate skyrocketing, and that would be true, if the platinum was converted into Federal Reserve Notes (dollars).
But..if the coins were deposited in the US treasury, and then used to pay of the debt owed to the federal reserve, no new money would be put into the system, since debt is already consired part of the money supply.
The tax money then collected that goes to paying back the scam called Federal Reserve interest, could go to directly fund govt projects such as infrastructure that our tax money is actually meant to fund.
Do this once a year, for 5 yrs and the US could be completely debt free from the Federal Reserve…
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Whistler Blowers, Insiders
End the Fed before it’s evil 100th birthday, Arrest the Bankers, Cancel the bogus debt owed to the illegal Fed, end the derivatives market, provide new Treasury issued silver certificates, create economic stimulation through infrastructure improvements and create incentives to only buy American products.
Paying off the Fed in Platinum when they are issuing worthless paper and charging interest on nothing is not the correct course of action, unless you are a Rothschild, Rockefeller, DuPont, Windsor, etc… The Globalists have enslaved the American Worker since the Federal Reserve Act of 1913 was illegally forced on the country. If Iceland can do it, so can we. They are a private institution…with an Anti-American Agenda. Whose side are you on?
Re-reading your suggestion, I understand what you are implying. Conceivably, it could work, if the Treasury wasn’t run by Goldman Sachs.