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New White House Petition Demands That Obama Mint A Trillion Dollar Coin To Avert A Debt Ceiling Crisis

Joe Weisenthal
Business Insider [1]
Jan 4, 2013

Earlier today we explained how more and more prominent and influential individuals are calling on The Treasury to avert the debt ceiling crisis by minting a trillion dollar coin [2]. The Treasury, technically, can create platinum coins in any denomination.

And so the theory is that rather than having a debt ceiling crisis, it would be better to have the Treasury deposit a trillion dollar platinum coin at the Federal Reserve, and have it credited to the government’s bank account.

Anyway, everyone’s getting excited by it, and a petition has been launched at WhiteHouse.gov [3] to get people to demand that Obama take this step.

Full article here [1]