No, I do not think congress could get that bill passed.
So at the current point in time they can only use platinum.
But it seems unlikely.
You guys don’t know where money comes from.
It comes from the Fed. It is created whimsically. You have all avoided learning what Quantitative Ease is, but maybe that will change.
The Fed has already said that if there is no debt ceiling increase they will buy defaulted Treasury bonds with money created from nothing and sell T bonds in inventory not defaulted.
This is all a game. The Fed has been creating money in the trillions since the devastation of 2008. Nothing was fixed since then. The Fed just created money and enshrouded the process in complicated verbage to conceal what they were doing. Other central banks dared do nothing other than exactly the same thing.
You didn’t really think capitalism solved that problem, did you? The debt is $30Trillion, borrowed substantially from the Fed. It’s all absurd, but no one dares complain because the system will, indeed, fall apart.
“ No, I do not think congress could get that bill passed.”
That wasn’t my question.
Do you believe they have the authority to do it? Obviously debt based money is going to have to be ended, the perpetual questions are, who benefits and who gets screwed?