The situation at MF Global proved your statement to be wrong.
No. Because the individual banks are private companies and they have to "borrow" reserves not covered by their own deposits. They don't if they...
The concept isn't the same. The definition of a dollar was nothing more than an convenient assay and measure of a given quantity of gold or...
The primary purpose of the FDIC isn't to insure your deposits, but rather to be the independent government auditor that banks are being operated...
Son, no gold ever left that warehouse. You completely don't get what has happened.
You first point here is nonsense. That would be counterfeiting if I understand it correctly. You can do better than the party you are...
I suppose I could ask you that why do you insist that US Treasuries are USD when they fail the legal tender test for USD? None the less, on the...
I don't think it is worth the cost and hassle of having it done because this is a coin that is going to sell for high premiums regardless of...
You don't know how it was done. The point,in the context of this topic, is the system is no longer working as it is supposed to and taking...
What gold the Babyboomers own is so insignificant, that it's not going to make any difference at all. They grew up during the golden age of the...
This is an opinion (a pretty juvenile one at that) and is irrelevant. In regards to what I said, you didn't say anything that disputes what I...
We don't know the mechanisms used by MF Global to take the gold & silver warehouse receipts. The fact that they did puts the entire credibility...
The worth of a numismatic item isn't what you paid for it. The worth of a numismatic item is what the next buyer is willing to pay for it.
You are wrong again. Money Market Funds were not included in the figures I gave above. The Federal Reserve does not count them in M1 & M2....
The 2009 UHR is a replica of the original UHR design. The reason you are seeing the difference between the two coins is because the US Mint...
Yes indeed.
It should be noted that it took more than a year for the UHRs to sell as many as the ASE 25th set did in one day. It wasn't subject to a huge...
Checks, wire transfers and credit cards are all methods for accessing an account at a Federal Reserve bank. They are not currency. They are...
Yes indeed Krispy. It's a beautiful coin. I have no plans to sell mine either.
It's all money in the Federal Reserve System, hence Federal Reserve dollars.
Separate names with a comma.
