Could minting a trillion dollar coin help avert the debt crisis?
1:49 PM, Jan 11, 2013   |    comments   • Share   • Print   • -
A A A +  JACKSONVILLE, Florida (WTLV) -- There are some
proposals out there to solve our national debt crisis with a
coin.  Nenad Djondric knows coins. He owns A Penny for Your
Thoughts Coin Shop in Jacksonville. So we took this proposal of
creating a one trillion dollar platinum coin to help pay down
the nation's more than 16 trillion dollar debt directly to the
expert on precious metals.  "It's nonsense. It's just not
possible to do," Djondric suggested.  This coin dealer explained
why the actual minting process doesn't make sense. He said,
"Platinum like anything else has a price. And if you want to
mint a trillion dollar platinum coin, you would end up using
around 20 and a half tons of platinum before anybody else would
take it."  Then, we took this idea to an expert on the economy.
Jacksonville University Economics Professor Dr. Rody Borg.  "In
a case like this where you've g