Have heard that too. Am sure I have many details wrong here but believe it relates directly back to the Treasury being able to mint/print currency, a chanfge made under Trump. I think it is along the lines of USA owes $800 bazillion to the Fed so...
"Here's 800 new USA bazillion dollar platinum coins, our debt is paid in full."
Does the Fed then declare the coins valueless and get nothing or go along with it? In parallel a new Treasury dollar is launched alongside Fed fiatbucks so the whole system does not crash. This would allow 401Ks to migrate and fiatbucks onhand to be exchanged at some ratio. It seems fantastic but so does the last year.
Have heard that too. Am sure I have many details wrong here but believe it relates directly back to the Treasury being able to mint/print currency, a chanfge made under Trump. I think it is along the lines of USA owes $800 bazillion to the Fed so...
"Here's 800 new USA bazillion dollar platinum coins, our debt is paid in full."
Does the Fed then declare the coins valueless and get nothing or go along with it? In parallel a new Treasury dollar is launched alongside Fed fiatbucks so the whole system does not crash. This would allow 401Ks to migrate and fiatbucks onhand to be exchanged at some ratio. It seems fantastic but so does the last year.