This is a funny way for the US government to bypass the debt limit:
A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
Full story at: http://www.cnn.com/2011/OPINION/ ... ndex.html?hpt=hp_c1
I closed, bot back my July 29 2011 SPY 131put this morning。 Just want to post here, in case someone found out I am a good 反指 so he knows what' I am doing now。
US defaulted in 1934, 1968, 1971
And I think default is good for USA
the only position I have now: shorted some July 29 2011
SPY 124put and 125put