how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

Question

how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

In: 141

Answer 1

The Federal Reserve would deposit the coin in the Treasury, thereby reducing the national debt and postponing or eliminating the need to raise the U.S. debt ceiling….

Think about it like your rent is due, your need to hit groceries and you have no money, then all of a sudden you find $100. Basically it’s a loophole, that the Fed isn’t entertaining