HERE'S AN IDEA FOR INCREASING THE DEBT LIMIT ... Mint a Trillion Dollar Bit Coin Collateralized by The Federal Reserve for Bailout of the USA Economy

The current debt limit is $28.4 trillion and our current debt is $28.43 using cash in and out budgeting and accounting.  If this goes past October 18th what are the ramifications, unless Congress extends the deadline indefinitly due to Covid:: 1) Triggers a downgrading in the credit rating triggers ... 2) Markets will plunge.  Interest on Treasuries and bank debt will sky rocket. 3) Social Security holds $2.9 trillion in Treasury Bonds and will not be able to pay benefits if the interest isn't paid. 4) Private pension funds and mutual funds hold 25% of the Treasury Bonds and need interest payments at the higher levels. 5) Federal Government pension funds hold one half of the US debt.  The pensioners may not receive benefits timely. 6) Value of dollar will collapse, demand will plumet and inflation will graduate upwards to 10 to 20%. 7) The US dollar as the "unit of account reference currency for worldwide trade will be replaced by the Chinese Yuan. 8) Americans' standard of living will decline over time.  Cost of living increases will set in immediately. 9) USA effectively couldn’t afford imports nor shipping costs. 10) Trade with foreign supply lines will be curtailed. Creditors will have to take a haircut. 11) Will cost 6 million private sector jobs. 12) GDP will drop 4% immediately.  The $21 trillion GDP will decline at the rte of 2 to 3% per month. 13) American households will lose $15 trillion in value. Causing a run on banks for savings fearing the worst. Since this wasn't the first time this has happened as of late ... approaching the debt cliff happened during the Obama Administration.  The proposed solution was to mint a trillion-dollar plutonium coin and deposit it in the Federal Reserve Bank to borrow against to avoid exceeding the debt limit of $20 trillion at time. It wasn't done but the problem was kicked down the road to Trump who deferred it due to Covid.  Now many economists say the $1 trillion plutonium dollar coin isn't feasible to save the Great American Institution. Instead, both parties had to increase the debt limit numerous times just to avoid all of the above, but still didn't break any spending and legislative habits, They just made it worse when the Biden/Sanders socilist manifesto resulted in 70 executive orders to increase the cost of government, with $5.6 trillion transformational and welfare debt. Now it is at time when the debt limit is exceeded and Congress has 10 days to get approval for a new number.  Since America only has 900 metric tons of plutonium valued at $28 million per ton or $25 billion, falls way short of collateralizing a one trillion-dollar plutonium or bit coin.  So, I guess the 25 million millionaires and billionaires with their $159 trillion in wealth need to step up and bail the Great American Enterprise out of eventual bankruptcy.  With that much leverage they could mint their own 159 trillion bit coins and buy out every losing debt limit ... will they probably not with Biden/Sanders running the show. More importantly who caused this to happen? Was it the American workers? Was it the American voters? Was it Russia's hacking that caused it? Was it China's taking over our supply lines and technology development?  Was it Trump's fault? Is it Biden's fault?  Was it the media's failure to report the deficits and debt as it accumulated?  Was it Fox News or CNN that failed to warn us? Or is this the way kingdoms rise and fall into disarray then disappear? Probably yes to all of those conditions.  Can we save the patient with more money or debt? Absolutely not ... now is the time for an intervention by a third political party that is expert in bail outs and reorganization.