Funny world where FRN's are considered "hard currency" huh? I understand your point sir, I simply think its funny that we have come so far to the...
Not a bad summary sir but I disagree with Islamic coins being one of the founding types of coins. It is generally recognized there were three...
The BEP prints the notes, and gets paid a fee for doing so. If they print a $100, they might be paid $.12 for it, they do not get $100 for the...
The Fed can print money. They print a bunch of $100's and sell them to banks. The banks transfer electronically dollars in return, and the Fed...
Close, but its more scope of amounts outstanding. There is like $600 billion in all FRN, (cannot remember exact number), but $15 trillion in...
Lucy, maybe post 163 will help, or another post I made a few posts later. The point was there is many forms of the dollar, but for large...
This. It is from his "menagerie" series of various animals. This series is very popular with a subset of collectors trying to collect all of the...
Even going to the supermarket, nothing stops you from either bringing rolls of quarters or dollar coins, or paying electronically. Either way you...
The only variability is in the interest rate portion of the bond. Nothing changes as far as the Treasury is concerned, they got $1000, they will...
Great post Doug. One thing to remember also was it applied to what was lawful money. Nothing stopped anyone from using any coinage they liked, its...
The face value for these notes typically are $1000. You give them $1000, periodically they pay you interest, and you get back $1000 when they...
Yes, same as digital dollars do you no good at a swap meet, same as FRN do you no good on Ebay. They are all dollars, just different forms. You...
I always have mixed emotions with these kinds of things. They always have very dubious information, and like you point out leaving the 33 double...
But you cannot use FRN or coins to buy treasury securities. They will not sell them to you for FRN's. The dollars used to buy them have to be...
Well except for a small return on assets allowed, and paying for its expenses, all other profit from the Fed legally has to be turned over to the...
Reasons Woody: 1. First probably 95% of these coins in the US now are chinese fakes. These coins need to be proven good usually versus the other...
The Federal Reserve makes hundreds of billions a year through interest income. If it were a private business it would probably be the most...
You are completely correct about coinage being gold and silver and not having to worry about the other party making good on promises. Paper...
That is simply not true sir. I know this since every day billions of these bonds change hands on the secondary market. They are registered as to...
Let me put it this way Inflexion. What would you call a US treasury financial instrument that pays no interest? A US Note? US Notes are still...
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