MF Global has been accused of illegally using these assets to cover their own trades. As a result, the bankruptcy trustee for MF Global has...
As of the end of October, the Federal Reserve lists $9.6 Trillion dollars in FRNs. not $600B. It's on their website. This sum does not include...
Does you include yourself in this condemnation or are you just stating it, like your claims that certain people have no finance background in...
An interesting question to ask, is how do you characterize money access by a check? Is it digital currency? If you used one in a grocery store...
Hahaha. Earlier you said: i.e. you contended that securities sold by the Treasury were not part of the Federal Reserve system since the Treasury...
Yes indeed. I'm reminded of the stories about the Klondike gold rush. The ones who ended up with the gold beyond the few that got in first,...
FRNs represent almost 100% of it. Provide some proof if you are so sure of it. BTW, it's the Federal Reserve that controls money supply. LOL...
Nope. It's been opinion. On the other hand, directly on the homepage of the New York Federal Reserve. (no surprise you can't produce something)...
Posted above. It's via the Federal Reserve Fedwire system using Federal Reserve dollars. Fedwire only processes FRNs. All of the primary...
It's exactly the same currency. There is only one USD. Unless you can produce some proof there is more than one type of USD currently in...
There is no such thing as USD digital currency. This incorrect notion was established here to justify the position there is more than one type of...
Maybe you guys simply don't realize that FRN is a nickname for all dollars issued by the Federal Reserve. This includes all dollars sitting in...
This is simply wrong. The Federal Reserve counts all money that is held as Cash, in Bank Accounts, and even currency used by the US Treasury as...
FRN is an unofficial term used to describe dollars that are issued through the Federal Reserve system. It doesn't matter if they are printed or...
It's not an abstraction in the context of this topic. We are talking about the current dollar represented in the currency market by USD and which...
What does the purchaser (dealer) use to purchase the bond or bill with?
For every US Treasury sold, the Federal Reserve prints an equivalent number of FRN $ (USD) and deposits it into the Treasury's account so the debt...
^Sounds like a real estate broker friend of mine in late 2006 in regards to buying & selling condos in new high-rises. He sells books now.
Talk is cheap. I've posted the defense of what I've said above and you can only respond with insults such as this. Your opinion of me is...
You make two mistakes here. First and most important. The FRN is not a claim on the assets of the Federal Reserve. Let me repeat that. If you...
Separate names with a comma.
