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PANIC PREP: Treasury Ready to Mint Trillion Dollar Coin if Debt Ceiling Talks Fail

Talk about DESPERATE!

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This debt ceiling debacle is, without a doubt, the mess of the season, and it doesn’t appear as though Congress is making much progress on the issue.

Of course, we shouldn’t be too terribly surprised at this:  Our elected representatives have been playing partisan patty-cake with each other on just about every issue under the rotunda, and the perceived disaster looming over the horizon would do little to motivate them if there weren’t so much publicity involved.

Should our public servants decide to drag this nonsense out into dangerous territory, however, the Treasury has one heck of a backup plan.

A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios.

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Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.

How exactly would this work?

The U.S. Mint, which Diehl ran from 1994 to 2000, already produces a one-ounce Platinum Eagle and has no shortage of platinum blanks already in stock.

Producing a trillion-dollar Eagle would require only the denomination to be changed. “This could be quickly executed on the existing plaster mold of the Platinum Eagle,” says Diehl. Then an automated process would transfer the new design to a plastic resin mold.

While this would certainly make for a unique historical footnote, the maneuver would also only prolong the inevitable, and further dilute the value of the American economy.

 

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Southwest Caves to Pressure from Anti-Vaccine Employees

But there’s one heck of a catch.

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Last weekend was an unfortunate one for Southwest Airlines, who suffered from the cancelation of nearly a third of their flight schedule…and just days after they announced that a vaccine mandate would soon go into effect for their thousands of employees.

The airlines denied that the vaccine mandate had anything to do with the cancelations, blaming weather and air traffic control issues.  But, when researchers compared the number of total flights cancelled to the number of Southwest flights cancelled, it was fairly obvious that this was a localized issue.

Only a few days after that, a massive protest of their vaccine mandate hit home near headquarters.

By Tuesday of this week, the airline had been forced to back down.

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Southwest Airlines dropped a plan to put unvaccinated workers with pending exemptions on unpaid leave after a December 8 deadline following protests by their employees.

“The employee will continue to work, while following all COVID mask and distancing guidelines applicable to their position, until the accommodation has been processed,” according to an internal note obtained by CNBC written by Southwest’s Senior Vice President of Operations and Hospitality Steve Goldberg and Vice President and Chief People Officer Julie Weber.

And then, even after a new deadline was set, the company doesn’t appear to be baring its teeth in regard to enforcement.

The company is giving employees until November 24 to finish their vaccinations or apply for a medical or religious exemptions. While these exemptions are pending, employees will continue being paid, and those who are rejected will continue working “as we coordinate with them on meeting the requirements (vaccine or valid accommodation),” CNBC reported.

It was unclear exactly where the buck would ultimately stop with the new timeline, but there is little doubt that we’ll soon find out.

Last weekend was an unfortunate one for Southwest Airlines, who suffered from the cancelation of nearly a third of their flight schedule…and just days after they announced that a vaccine mandate would soon go into effect for their thousands of employees. The airlines denied that the vaccine mandate had anything to do with the cancelations, blaming weather and air traffic control issues.  But, when researchers compared the number of total flights cancelled to the number of Southwest flights cancelled, it was fairly obvious that this was a localized issue. Only a few days after that, a massive protest of their vaccine mandate hit home near headquarters. By Tuesday of this week, the airline had been forced to back down. Southwest Airlines dropped a plan to put unvaccinated workers with pending exemptions on unpaid leave after a December 8 deadline following protests by their employees. “The employee will continue to work, while following all COVID mask and distancing guidelines applicable to their position, until the accommodation has been processed,” according to an internal note obtained by CNBC written by Southwest’s Senior Vice President of Operations and Hospitality Steve Goldberg and Vice President and Chief People Officer Julie Weber. And then, even after a new deadline was set, the company doesn’t appear to be baring its teeth in regard to enforcement. The company is giving employees until November 24 to finish their vaccinations or apply for a medical or religious exemptions. While these exemptions are pending, employees will continue being paid, and those who are rejected will continue working “as we coordinate with them on meeting the requirements (vaccine or valid accommodation),” CNBC reported. It was unclear exactly where the buck would ultimately stop with the new timeline, but there is little doubt that we’ll soon find out.

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Senator Obliterates Dr. Fauci’s Holiday Gathering Advice

“We don’t need permission”!

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If you follow the science, and the math, it’s beginning to become clear that the coronavirus pandemic is waning.  Again.

In the days before the Delta variant became the prominent strain of COVID-19, we were just about out of this whole mess.  Venues and restaurants were opening again.  People were beginning to gather at home or with friends.  When delta arrived, the ease retracted a bit.  The masks were a little more prevalent.

But now, if you simply look at the case numbers and infection rates, it is plain to see that everything is going to be okay.

This is what Florida Senator Rick Scott believes, as evidenced by his latest comments regarding the advice of Dr. Anthony Fauci.

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Sen. Rick Scott (R-FL), chairman of the National Republican Senatorial Committee (NRSC), dismissed suggestions that Dr. Anthony Fauci can give or take away permission for Americans to celebrate the holidays with their families, calling it “insane that the government thinks it can tell people how to live.”

“We don’t need Fauci’s permission to celebrate the holidays with family. People are smart. They know how to make decisions that best protect their loved ones. It’s insane that the government thinks it can tell people how to live,” Scott said in response to the National Institute of Allergy and Infectious Diseases chief’s recent remarks […]

Fauci had recently insinuated that gathering with people outside of your immediate home over the holidays may not be advisable, suggesting instead that people continue to socially distance from even their own family.

 

If you follow the science, and the math, it’s beginning to become clear that the coronavirus pandemic is waning.  Again. In the days before the Delta variant became the prominent strain of COVID-19, we were just about out of this whole mess.  Venues and restaurants were opening again.  People were beginning to gather at home or with friends.  When delta arrived, the ease retracted a bit.  The masks were a little more prevalent. But now, if you simply look at the case numbers and infection rates, it is plain to see that everything is going to be okay. This is what Florida Senator Rick Scott believes, as evidenced by his latest comments regarding the advice of Dr. Anthony Fauci. Sen. Rick Scott (R-FL), chairman of the National Republican Senatorial Committee (NRSC), dismissed suggestions that Dr. Anthony Fauci can give or take away permission for Americans to celebrate the holidays with their families, calling it “insane that the government thinks it can tell people how to live.” “We don’t need Fauci’s permission to celebrate the holidays with family. People are smart. They know how to make decisions that best protect their loved ones. It’s insane that the government thinks it can tell people how to live,” Scott said in response to the National Institute of Allergy and Infectious Diseases chief’s recent remarks […] Fauci had recently insinuated that gathering with people outside of your immediate home over the holidays may not be advisable, suggesting instead that people continue to socially distance from even their own family.  

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