Message:

<p>[QUOTE=&quot;Juan Blanco, post: 1615425, member: 41665&quot;]See Page 1 of the WSJ today. Page 1 Top article: &quot;The Treasury could be forced to revisit proposals it considered during the 2011 borrowing-limit crisis, most of which it said were unworkable. <b>These included selling assets such as gold </b>and mortgage-backed securities to raise funds...&nbsp; {...} One thing the WH says it won&#039;t do is pusue a somewhat fanciful idea of minting a $1 trillion platinum coin and depositing it at the Fed&quot; </p><p><br /></p><p>Note that order: first Gold, then mortgage-backed securities.&nbsp; Gold: more liquid and less-valuable? Or Gold: antithesis of Dollar-crap Paper...a fantasy to defend at all costs? </p><p>Note also the contrast in options: a &quot;reconsidered proposed&quot; Gold sale with the &quot;fanciful idea&quot; of the Trillion $ coin. </p><p><br /></p><p>WSJ is not fringe-y, so consider it a trial balloon: the WH is prepared to attack Gold, but won&#039;t mint the Trillion $ Coin.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in