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Detailed text transcripts for TV channel - MSNBC - 20121206:05:21:00

Prescribe from time to time. thats pretty broad. so according to current existing law, and this is actually true, the government could, for instance, strike a coin tomorrow at the united states mint at west point and as long as it was platinum, the secretary of treasury could decree that this new coin was worth $1 trillion. doing so would solve a really big problem thats looming on the horizon. secretary of treasury could then take the $1 trillion coin, deposit in its account at the federal rese...
Strikea Coin United States Mint West Point Federal Reserve 1 Trillion Republican Congress

Detailed text transcripts for TV channel - MSNBC - 20121206:02:21:00

Law, and this is actually true, the government could, for instance, strike a coin tomorrow at the united states mint at west point and as long as it was platinum, the secretary of treasury could decree that this new coin was worth $1 trillion. doing so would solve a really big problem thats looming on the horizon. because, theoretically, the secretary of treasury could then take the $1 trillion coin, deposit in its account at the federal reserve, and use the money to write checks to pay our debt...
Strikea Coin United States Mint West Point Federal Reserve 1 Trillion Republican Congress

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