Rep. Rashida Tlaib (D-Mich) has the answer to how the government can rescue citizens from financial ruin and stimulate the economy. She suggests the Treasury Secretary direct the U.S. Mint to issue two $1 trillion dollar coins to be sold to the Federal Reserve, which, in turn, would credit the U.S. Mint’s account wit $2 trillion in reserves. The Fed would permanently own the two coins to make sure its books balanced with the Treasury. Then the Treasury would move the “newly created” reserve funds from the Mint’s account into the General Treasury account. At that point, the Treasury would make the money available to the Bureau of Fiscal Service which, in turn, would provide citizens with pre-paid U.S. Debit Cards that can be up-funded whenever. BRILLIANT!!!!!

One question. If they can do that, why only two $1 trillion coins? Why not “newly create” a whole lot more money? Why not pay off the federal deficit for years to come, as well? Please read on…

For as ridiculous as this scheme sounds, it can legally be done and has been considered before when the government overspent (more logical heads nixed the idea). Platinum coins of any size or arbitrary denomination can be minted and used. Unlike paper money, there’s no limit….but there is one pesky sticking point. FISCAL REALITY.

It’s a novel, rationalized and ridiculous way to not only address the current situation, but to redistribute wealth. That is Rep. Tlaib’s great desire. Understanding reality isn’t.