Discussions about a Platinum Coin to Cover Our Debt… How Come No One Is Reporting that it is “Impossible”

So they want Timmy Geithner to “mint” a trillion dollar platinum coin, and deposit it at the Federal Reserve, thus eliminating the “Debt Ceiling” debates facing the President in a few weeks.

Kind of bizarre, given the facts on PLATINUM:

So you want a trillion dollar platinum coin? Ok: here are some facts:

• Platinum has traditionally been the most valuable precious metal for one simple reason: it is rare.
• It is so rare, that all the platinum ever mined could fit into a 25 cubic foot box.
• The weight of that box comes out to just over 16 tons: this is how much platinum has been mined since the start of time.
• A coin valued at $1 trillion and made out of platinum would, at today’s price of $1557/ounce, weigh in at 642.3 million ounces.
• 642.3 million ounces is also roughly 18 thousand tons, or about 1100 times more than all the platinum mined.

SEE Graph @ ZeroHedge: http://www.zerohedge.com/news/2013-01-04/putting-trillion-dollars-platinum-perspective

Rep. Stark Explains “Leverage”

     Perhaps the problem is that we have laws being written by people who do not understand what they are writing or voting on:

“In a clip that has to be seen to be believed, California Congressman Pete Stark displays the most unbelievable combination of economic incomprehension, stupidity, hubris, and to top it off tells interviewer Jan Helfeld to “get to **** out” or he will be thrown out of the window for daring to expose just what a sack of… hot air Stark is.”

See article and more @ http://www.zerohedge.com/article/congressman-pete-stark-explains-leverage-tells-reporter-get-fuck-out