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Treasury Nixes Platinum Coin Idea: No Way Out of the Debt Ceiling Debate?

"Anthony kore, a spokesman for the ministry of finance in a written statement said," whether the ministry of finance, also not the fed believed that, the law can or should use, convenient production of platinum COINS to avoid increase debt ceiling purpose,.
"Including the United States federal reserve is significant," Washington post "this columnist ella Barbara klein wrote:" for platinum COINS idea, the fed will have to regard it as a legal way for the ministry of finance to create currency, if they don't dare not believe this is legitimate, will not be deposited in the Treasury deposits, platinum COINS will be worthless. "
The ball is in the congress of the court. It or improve the debt ceiling, this technology has reached the end of 12 in the United States will miss one or more of its debt interest payments, which is considered to be the default.
Related news: "cliff" inevitable, but their fiscal debate loom
Up to now, the republicans in congress to bind any increase government spending cuts the debt ceiling, but President Obama refused to get married. In the New Year's day, he repeated his promise, "no, whether they should pay the bill, they have got through the law, they through this conference, another debate."
Leave started. "[congressional] improve the debt ceiling, otherwise we will have some by default, the" daily Beijing time Aaron in the subsequent interview task.
Related news: jack Lew more about budget problems in congress know better than anyone: Greg ━ valer
"These members of congress have not remember?" Daily Beijing time lauren Lyster, refers to the collapse of 2011. "They almost forgot, we have a default value, from a rating agencies lost AAA grade credit rating?"
This degradation does not affect the financial market interest rates down to record lows, they maintain, but it does affect the public opinion, congress. Up to now, only 14% of americans approve of congress in dealing with its work mode, according to the latest Gallup poll.
"This will require the financial markets have certain monsters, these guys and girls do their work, said:" the task.



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