Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 5 Share on Twitter Printer Friendly Page More Sharing
General News    H4'ed 9/24/17

The Golden Solution to America's Debt Crisis - The Daily Reckoning

Author 7804
Follow Me on Twitter     Message molly cruz
Become a Fan
  (14 fans)

Trillion Dollar Coin
Trillion Dollar Coin
(Image by DonkeyHotey)
  Details   DMCA

$20 trillion in debt and facing a looming debt showdown, can gold solve America’s debt crisis?...

The Eisenhower administration actually had the same debt ceiling problem we have today. And Congress didn’t raise the debt ceiling in time. Eisenhower and his Treasury secretary realized they couldn’t pay the bills.

What happened?

They turned to the weird gold trick to get the money. It turned out that the gold certificate the Treasury gave the Fed in 1934 did not account for all the gold the Treasury had. It did not account for all the gold in the Treasury’s possession.

Read the rest of the story HERE:

At dailyreckoning.com

 

Well Said 1   Interesting 1   Valuable 1  
Rate It | View Ratings

molly cruz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Born in Long Island public school year in Sweden as exchange student, went to Harvard one year, Cooper Union in NYC as Art student. Have two children, one of whom is rock mogul, the other has three daughters, one of whom has two daughters, making me (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: