It is absolutely both ways, which demonstrates your level of knowledge. And it proves the point folks here have been telling you. US Treasuries...
From the NY Fed website: "The money supply measures reflect the different degrees of liquidity—or spendability—that different types of money...
And everyone has told you this since the start. FRNs are the currency, but do not represent all of the dollars that are part of the money supply.
A wire is not an FRN, but it is still a dollar. That's the point.
This has been done above multiple times by multiple posters. Some folks get it, some never will.
Regarding 1, yes. Regarding 2, you can buy treasuries with treasuries. If you have a brokerage account with 5 year Treasury Notes and want to...
What you apparently are unable to grasp is that the currency you take to the supermarket in the form of FRNs is not the same thing as the currency...
Most likely an electronic funds transfer of some sort. It most certainly isn't a truckload of FRNs.
This is a common error that is popular among various internet authors with little economic training. When the US Treasury sells securities, they...
The concept is difficult because the old definition of a dollar as .77344 troy ounces of silver no longer applies, and FRNs are no longer...
My comments about you are relevant. Everybody here is worse off for having read your posts. And the coin issue is also relevant. You claimed...
From the same source I quoted earlier [NY Fed]... "large banks in some Federal Reserve Districts participate in a Direct Mint Shipment Program,...
Banks do not ship pallets of FRNs to the US Treasury to buy coins. The payment is electronic - another form of USD not contemplated in your...
I completely agree that the only form of paper currency note in use is the FRN and I've said so several times. But FRNs are not the only form of...
If you read more carefully, you will see that the coinage can also get into circulation through the Direct Mint Shipment program that bypasses the...
Feel free not to respond. Your inability to distinguish between the US currency and US dollar is something I would not expect from a CoinTalk...
Well, you're wrong about coins. Do you research anything, or just make it up to support your arguments?...
Many posts above have proved that the FRN is not the only form of dollar. It is the only currency at the present time [excluding coinage which is...
On the other hand, the Fed has to purchase dollar coins for a dollar. So they are monetized when released by the Treasury, not by the Fed. So...
I agree that it is just called a dollar. Even if you open a Treasury Direct account and buy bonds, you don't buy with FRNs and they don't send...
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