Do not be stupid and believe this false metaphor, use your brains folks! ... fight!
Video below from CNBC today with James Grant providing the latest false metaphor about a platinum coin:
According to James Grant here, the ability of the U.S. government to issue a $1T platinum coin is "an urban legend".... This is embarrassing. Hey James, one whom many would consider the foremost constitutional lawyer in the country says otherwise.
Then Grant proceeds to enlighten us in stating that U.S. Treasury Secretary is "not the Secretary of the Treasury, but is the Secretary of Debt". Again embarrassing. Take a look below here Jimbo, read it and weep (remember a balance sheet has two sides Jim!):
Then, to top it off he proceeds to do his best Alan Simpson impersonation and babel on incomprehensibly about the number 16 x 10 ^12 and various numerical comparisons of this number which have no relevance to a rational discussion about the finances of our federal government.
I can't watch anymore! Hey CNBC where is the rational balanced reporting? For how long do these people have to be wrong before your brain realizes they HAVE NEVER BEEN CORRECT?