Original title: In order to avoid US debt default, the former director of the US Mint proposes to mint 1 trillion US dollars coins
Overseas Network, October 6th In order to avoid defaulting on the US debt, Philip Diehl, the former director of the US Mint, proposed that a coin worth 1 trillion dollars could be minted.
According to a report from “Business Insider” on the 5th, Diere claimed that the idea of minting a $1 trillion coin is based on the law. This $1 trillion coin can be minted within a few minutes and then passed by helicopter. Airlift to the Federal Reserve Bank of New York for physical deposits.
US media said that if the US Congress fails to raise the debt ceiling before the Treasury Department’s funds are exhausted on October 18, the rapid issuance of $1 trillion in coins may be an extreme, last-minute choice. However, U.S. Treasury Secretary Yellen has expressed his opposition to the idea of using $1 trillion coins. (Overseas Network-America-Qiao Shanshan / Intern Compilation-Wang Xin)