In response to:

Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

aceofwands Wrote: Dec 08, 2012 2:19 PM
Yes...that would be $1 trillion. A price of $1605 per troy ounce x 12 troy ounces to a pound.

Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:
 

Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...

Related Tags: Debt Limit Inflation