On the Platinum Coin

From The Aleph Blog
January 9, 2013 - 2:10am

Okay, so the Treasury mints a Platinum coin, and deems it to be worth One Trillion Dollars.  We have a fiat currency, so what is the problem? There are fiat currencies, and there are fiat currencies.  Depositing something as collateral into the central bank where the “melt value” is decidedly less than one million, much [...]

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