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It is being reported by The Washington Post (among others) that President Barack Obama could order two platinum coins to be minted, each with a designated value of one trillion dollars. That’s $1,000,000,000,000.00 each. Or 10^12 dollars each, if you prefer. These trillion dollar coins would have one purpose … to be deposited into the [...] Hey Kids! Having trouble understanding what the heck is going on in the world of high, middle, and low finance? Can’t tell your ISDA from your IOSCO? Couldn’t find Fannie Mae with BOTH hands? Thinking about clicking that link from the UK National Lottery Sweepstakes, or buying that really cheap stock you just got an [...] |
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