• Latest
  • Trending
Dems Float ‘Trillion-Dollar Platinum Coin’ Plan To Inject $1 Trillion Into Government’s Account ‘Without Any Impact On Inflation’

Dems Float ‘Trillion-Dollar Platinum Coin’ Plan To Inject $1 Trillion Into Government’s Account ‘Without Any Impact On Inflation’

10/05
Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

05/29

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

05/27
FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

05/27
Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

05/27
Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

05/27
Biden Prostate Cancer

Joe Biden Prostate Cancer Diagnosis Shocks Nation

05/27

10 Moments Pope Francis FAILED Christians; Key Actions that Drew Backlash

05/27
McIver Assault on ICE Officers Sparks National Outrage

McIver Assault on ICE Officers Sparks National Outrage

05/20
PEW POLL: Majority of Americans Have Negative View On Israel; Republican Support Drops 10%

PEW POLL: Majority of Americans Have Negative View On Israel; Republican Support Drops 10%

04/16
Kristi Noem Enforces Real ID Tyranny, Travel Mandate; Tramples On American Liberty

Kristi Noem Enforces Real ID Tyranny, Travel Mandate; Tramples On American Liberty

04/16
Former Congressman Exposes 9/11 Cover-Up, Demands Trump Probe into Building 7 Collapse

Former Congressman Exposes 9/11 Cover-Up, Demands Trump Probe into Building 7 Collapse

04/16
VA Governor Youngkin Caught in Cover-Up Scandal With Sheriff Releasing Dangerous Criminal Aliens in Chesapeake

VA Governor Youngkin Caught in Cover-Up Scandal With Sheriff Releasing Dangerous Criminal Aliens in Chesapeake

04/09
Saturday, May 31, 2025
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
Home Economy

Dems Float ‘Trillion-Dollar Platinum Coin’ Plan To Inject $1 Trillion Into Government’s Account ‘Without Any Impact On Inflation’

Dems float trillion dollar coins as opportunity for Biden to solve the debt crisis

by Archive
October 5, 2021
in Economy, News, Politics, The Swamp, White House
Dems Float ‘Trillion-Dollar Platinum Coin’ Plan To Inject $1 Trillion Into Government’s Account ‘Without Any Impact On Inflation’

DonkeyHotey / Gage Skidmore Composite (CC BY 2.0)

Last Updated on October 5, 2021

Democrats and their affiliated media organizations are floating a new way to allow Washington, D.C. to spend without abandon without the arduous process of voting to expand the debt ceiling. The novel innovation is to print a coin worth $1 trillion and give it to the federal government.

A plan being floated by increasingly prominent media outlets would have the U.S. Department of Treasury simply create a coin worth $1 trillion,  then have the U.S. Government essentially deposit this coin into the treasury, thus paying down a trillion dollars worth of debt and allowing the government to continue operating until another $1 trillion is needed. At which point, the government could ostensibly make another $1 trillion coin if taking a vote becomes inconvenient.

RelatedPosts

Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

Joe Biden Prostate Cancer Diagnosis Shocks Nation

According to Axios, the scrappy new face of establishment web print journalism, the “trillion-dollar platinum coin,” should circumstances call, could be created “within hours of the Treasury Secretary’s decision to do so.” The article suggests that Janet Yellen, the former Federal Reserve official tapped by the Biden regime to run the Treasury, could “quietly instruct the Mint director to take those steps” even before she decides to mint $1 trillion out of thin air.

Quoting Philip Diehl, the former director of the United States Mint, Axios explains that by merely minting a new coin worth $1 trillion: “Voila, we’d have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation.”

Diehl was the former director of the United States Mint between 1994 and 2000, during the Clinton administration.

The idea, which is ostensibly being considered by top officials in the Biden regime as responsible monetary policy if it is being promoted by publications like Axios, Business Insider, The New York Times, CNN, Bloomberg, AOL, Yahoo News, The Week, MarketWatch, Vox and more, including some articles that cast Joe Biden as the hero who solves the debt crisis. Predictably, the trillion dollar coin idea drew scorn on social media.

https://twitter.com/ColumbiaBugle/status/1445493479417679880

“Experts state that a trillion-dollar coin will still be thin enough to be lost down a storm drain and light enough to be confused with other coins when in one’s pocket, leading to all sorts of humorous situations,” joked The Columbia Bugle, a popular populist Twitter account. Influencer Logan Hall mocked, “haha trillion dollar coin printer go brrrrrrrrrrrr.”

Others questioned whether the Axios article was meant to be a joke, while some had the audacity to suggest that inflating the currency by $1 trillion using a platinum coin would cause inflation. “So now a loaf of bread will cost $80 bucks since the US dollar will be worthless currency,” wrote one man.

Ah yes, so now a loaf of bread will cost $80 bucks since the US dollar will be worthless currency. https://t.co/kJeoadacjR

— Joe Garcia (@JGJr9) October 5, 2021

Another compared it to the Weimar Republic, the socially liberal hyperinflation-plagued German state that formed in the wake of the second World War and ultimately gave way to Nazi Germany.

One perplexed man compared the situation to a children’s game. “This sounds like a child making up rules in Monopoly,” wrote one Twitter user. “Wtf are we doing here?!”

https://twitter.com/trent_osaurus/status/1445484148701884424

It seems as though Axios, with its reputation for high placed sources, struck an optimistic tone in its article published this morning, hinting that Yellen and the Biden administration could quietly begin the process of minting such a coin even while pretending it is not being considered. This is despite both Yellen striking down the idea and Jen Psaki ruling it out on behalf of the White House.

Tags: Debt CeilingJoe BidenTrillion Dollar Coin
Archive

Archive

NationalFile.com

Related Posts

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War
News

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

May 29, 2025
News

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

May 27, 2025
FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures
News

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

May 27, 2025
Load More
Next Post
Nancy Pelosi, House, Capitol Building

BREAKING: Pelosi's Laptop Not Stolen On Jan 6, Missing Device Just Used For PowerPoints

Sonic Launches Investigation After Employee Apologizes For Staff Misgendering Trans Person

Sonic Launches Investigation After Employee Apologizes For Staff Misgendering Trans Person

South Carolina Governor McMaster Tied To Attorney Connected To At Least Five Deaths

South Carolina Governor McMaster Tied To Attorney Connected To At Least Five Deaths

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Breaking News

  • EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

    EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

    0 shares
    Share 0 Tweet 0
  • FULL RELEASE: Ashley Biden Diary Reveals Child Sex Trauma, Drug Abuse, Resentment For Joe – Whistleblower

    0 shares
    Share 0 Tweet 0
  • EXCLUSIVE SOURCE: Biden Daughter’s Diary Details ‘Not Appropriate’ Showers With Joe As Child

    0 shares
    Share 0 Tweet 0
  • FBI Asks Judge to Delay Seth Rich Laptop Release for 66 Years

    0 shares
    Share 0 Tweet 0
  • McCarthy Used FTX Cash to Defeat Conservatives in 2022

    0 shares
    Share 0 Tweet 0

Recommended

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Abortion
  • Alt-Tech
  • Bannon
  • Big Pharma
  • Big Tech
  • BLM
  • Borders
  • Breaking News
  • Cancel Culture
  • cartoons
  • Censorship
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Con Inc
  • Coronavirus
  • Corruption
  • Crime
  • Culture
  • Deep State
  • Dissident Right
  • Drugs
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fact Check
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Germany
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • Israel
  • January 6th
  • LGBTQ
  • Life
  • lifestyle
  • Mafia
  • Man-Made Disasters
  • Marxism
  • Medical
  • Movies
  • NarcoGovernments
  • National Security
  • Nationalism
  • Nationalism vs. Globalism
  • Natural Disasters
  • News
  • op-ed
  • Opinion
  • Opioid Crisis
  • Politics
  • Populism
  • Race
  • Radical Islam
  • Related Stories
  • Religion
  • Russia
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Taiwan
  • Technology
  • Terrorism
  • The Church
  • The Hill
  • The Swamp
  • Trump
  • Ukraine
  • Unions
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News
  • Zionism

Recent News

  • Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War
  • Elon Musk Retreats from Political Spending Five Months After H1B Controversy
  • FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

© 2024 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here info@nationalfile.com Want to advertise with us? Please email: info@nationalfile.com

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2024 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here info@nationalfile.com Want to advertise with us? Please email: info@nationalfile.com