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Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards — Joseph Lawler

Summary:
Rep. Rashida Tlaib has proposed sending everyone in the United States ,000 immediately and then ,000 per month to counter the economic fallout of the coronavirus pandemic.The Michigan Democrat's plan would be financed by having the Federal Reserve create new money on behalf of the Treasury. To skirt the federal debt limit, the U.S. Mint would create two trillion coins, and the Treasury would deposit them in its account at the Fed. Tlaib, a member of the small group of left-wing freshman House Democrats known as "The Squad," described the plan as a "truly universal relief proposal."... Washington ExaminerTlaib proposes minting two trillion platinum coins to finance monthly coronavirus debit cards Joseph Lawler

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Rep. Rashida Tlaib has proposed sending everyone in the United States $2,000 immediately and then $1,000 per month to counter the economic fallout of the coronavirus pandemic.

The Michigan Democrat's plan would be financed by having the Federal Reserve create new money on behalf of the Treasury. To skirt the federal debt limit, the U.S. Mint would create two $1 trillion coins, and the Treasury would deposit them in its account at the Fed.
Tlaib, a member of the small group of left-wing freshman House Democrats known as "The Squad," described the plan as a "truly universal relief proposal."...
Washington Examiner
Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards
Joseph Lawler
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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