coin seigniorage is this a real option?

Discussion in 'Economics' started by noob_trad3r, Jul 26, 2011.


    10. So, if no action by Congress raising the debt limit is forthcoming, it will be the President's sworn DUTY AND OBLIGATION to either use platinum coin seigniorage, or some other revenue creating tool legislated by Congress in past years, to make the money necessary to avoid default, since his failure to use an available way of creating revenue for continuing to spend appropriations, which he is mandated to do, would be a violation of his oath of office.

    Pretty long article but will Obama use this instead of the 14th amendment on aug 2?
  2. None of you experts can answer this?
  3. What a joke.
  4. You would think one of the ET experts here could shed some light on this.
  5. What do you want to know? Yes, in theory it could be an option...