Can the Federal Reserve Really Refuse To Accept and To Credit A Platinum Coin Deposited By the US Mint?
The issue of whether the Fed can really refuse to accept and credit a deposit of a platinum coin with its face value, is being raised frequently on blog posts about Platinum Coin Seigniorage (PCS) and the Trillion Dollar Coin (TDC). In the past, I've argued that the Fed cannot; and the final decision on taking the TDC off the table was actually made by the President, and not by Chairman Bernanke.
Ellen Brown, the well-known author of The Web of Debt, and also of this recent post on fiat money, direct financing of federal spending, and using platinum coin seigniorage made this comment in a discussion thread at Monetary Realism: Read below the fold...
Aha! Did International Private Cartel Banksters Put The Hit Out On Libya & Gaddafi & a Libyan State-Owned Bank?
(573 Obama-dumping days until 2012 election-Hugh's Obama's Scandals List)
Ellen Brown in Asia Times brings up some incredible and sensible revelations about the present demonization of Libya and the motivations for the western faux-humanitarian efforts to topple Gaddafi.
She begins her article, “Libya All About Oil, Or Central Banking?” with the interesting observation:
Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank - this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:Read below the fold...