Earlier this month, The Washington Post wrote that a loophole in minting law means that, technically, the U.S. Treasury could mint platinum coins, label them as being worth $1 trillion apiece, and use them to pay off the banks, nations, and individuals that hold the nation's debt. In this video, Motley Fool analysts Morgan Housel and Matt Koppenheffer discuss that while this obviously wouldn't work as a real-world solution, by being a silly answer to the problem, it does highlight how absurd the problem has now become.
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." Grab a free copy for a limited time. Just click here to access the report and find out the name of this under-the-radar company.
The article The Platinum Option: Could 1 Coin Solve the Debt Crisis? originally appeared on Fool.com.
Fool contributor Matt Koppenheffer owns shares of Bank of America. Fool contributor Morgan Housel has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.