About this episode
The debt ceiling showdown is far from being over. The government can shuck and jive and scrape the bottom of the barrel, but the bottom line is there comes a time when the Treasury is actually broke. That’s the X-Date. And the X-Date could be June 1, just three weeks away. But it can all be avoided with just one simple phone call. How? One phone call from the Treasury to the Federal Reserve could reprice the Treasury’s gold from $42.22 per ounce (historic cost) to a market level of $2,042 per ounce (today’s price).
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