RE:TRILLION $ COIN ....... LOLOLOLOLOLOLOLIF confidence is their worry then they might as well do it already. The set up they have now is basically the same thing. Credit on the governement and debit on the fed balance sheet vs all on the government's book is just an accounting gimmick.
You know, they may not do it to to replace the routine exercise of raising the debt ceiling. But they will mint the coin in a heartbeat if we go to war with China over the South Sea, which is looking inevitable. Why? because we can't raise money by issuing more bond like we did during WW2 and Korean war. China will surely counter by dumping the treasuries and our "allies" won't pick them up.
I say go for it and erase the debt already. This act is getting old and increasingly embarassing to watch.
Or alternatively, stop talking about talking about the possibility of talking about the chance of possibly attempting to talk about raising rates and tapering. Just do it already, let's see the results. I'll be ready.