The Insanity of the Debt Ceiling Platinum Coin Debate
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January 8, 2013 - 2:44am
Why Hitting Debt Ceiling is Totally Insane (and why Platinum Coin Easing is “Reasonable”)
by Michael Sankowski, MonetaryRealism.com
People are calling the Trillion Dollar coin, crazy, a farce, and even dangerous, but there is a common, mainstream proposal which is far more dangerous to our economy than the Trillion Dollar Coin.
Over the next page or so, you’ll find out exactly how this seemingly harmless proposal will result in 1,000,000 per month losing their jobs. The total economic impact will rival and perhaps even exceed the worst months of the great depression.
Hitting the Debt Ceiling without using the coin would be catastrophic to the U.S. and world economy.
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