Petition statement to be delivered to Jacob J. Lew, Secretary of the Treasury and President Barack Obama

#mintthe60Tcoin

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#mintthe60Tcoin

To be delivered to Jacob J. Lew, Secretary of the Treasury and President Barack Obama

Petition Statement

We, the undersigned call upon you, to stop calling upon Congress to do its duty to prevent default by lifting the debt ceiling, when you can prevent it yourself by using Platinum Coin Seigniorage. We further call upon you to do your duty and order the Mint to produce a $60 Trillion Platinum coin and then deposit that coin in the Mint's Public Enterprise Fund account at the Fed.
There are currently 78 signatures. NEW goal - We need 100 signatures!

Petition Background

Treasury should act as soon as possible to protect America’s good credit by using Platinum Coin Seigniorage (PCS) well before any risk of default becomes imminent. Protecting the full faith and credit of the United States is not the sole responsibility of Congress, but the responsibility of the Secretary of the Treasury too, because the Secretary has the authority under the law to order the US Mint to use PCS to fill the Mint's Public Enterprise Fund (PEF) account, and ultimately the Treasury General Account with enough reserves to make the debt limit a dead letter, by paying down the debt subject to the limit to zero gradually, as it falls due, and to use additional seigniorage to fund current and future deficit spending appropriated by Congress.

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