US ‘seriously’ considering $1 trillion coin to pay off debt

The US is “seriously” considering creating a $1 trillion platinum coin to write down part of its debt to stop the world’s largest economy defaulting as early as next month, according to financial analyst Cullen Roche.

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“I know it’s been spoken about at the White House and a number of prominent people, including congressman [sic], are talking about it,” he said.