NEP’s William Black appears on Virtually Speaking with host Jay Ackroyd (12/6). (Bill’s interview begins around the 12 minute mark)
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I have as of late become intensely interested in the platinum coin solution to the debt ceiling. It’s a great Idea. That is having treasury issue a trillion dollar coin as effective payment for supporting the budget. I have considered this and come to the conclusion it doesn’t go far enough. I suggest minting a single platinum coin that will effectively erase the entire interest bearing national debt. In fact ,I have submitted a petition in hopes enough people sign it that president must take notice.
It reads as follows:
National Debt resolution
Direct the secretary of the treasury to produce a platinum coin in the appropriate denomination to pay off the entire interest paying national debt. Then deposited that coin at federal receive so as to pay off the entire interest paying national debt.
The link to this petition is: http://wh.gov/Uf7N
If you guys really believe what you’ve been saying or even believe as much as I do that you are right ,you’ll sign it. Let’s not toy with the problem let’s give the fractious political do nothings something that will take there breath away and demonstrate how really worthless they are.
I would greatly appreciate your help.
Respectfully Dane Randall Bryant
PS you’ve got to be tired of them also.
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