The United States Treasury Department has ordered the United States Mint to strike a One Trillion Dollar coin made of platinum (plated). The coin or coins will be used to repay loans issued by the Federal Reserve Banks and the Banks of China and Japan.
The idea for the coins came from Rep. Jerrold Nadler, a Democrat from New York, who proposed going with the coin option to bring down the national debt in time for Christmas.
In a speech to assembled reporters at the U.S. Mint, Congressman Nadler remarked that he came upon the idea after arriving home from a private tour of the mint. "When I took off my pants and checked my pockets for things that should not go into the wash I found the gold American Eagle bullion coins that I had legally obtained at the mint. That is when it hit me. The American Eagles were of a $20 dollar denomination but are really worth $2000. All we need to do is strike trillion dollar coins that are made of two dollars worth of platinum-plated aluminum and we make big bucks on the deal."
"After I discussed my idea with Treasury and Mint officials we decided to strike these trillion dollar coins with a date of 1997 on them and a Mount Rushmore type relief of Johnson, Dunbar and Ghantt on the heads side of the coin. The tails side will feature an armored car with bullet holes in it. Struck this way the coin will be a commemorative issue celebrating the three biggest bank robbers in American history."
"As a reward for my ingenuity, the officials here at the mint have promised to put my face on the $1 Washington, DC public washroom tokens. On the downside, my kids have refused to accept either of these coins at their lemonade stand in front of our house."