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<p>[QUOTE="medoraman, post: 1305023, member: 26302"]If you do not understnad that US Dollars is much MUCH larger than FRN's, and how FRN's are a tiny fraction of US Dollars around the world, then I guess I simply do not know where to start.</p><p><br /></p><p>Yes, the debt is in dollars, but it is not expressed in FRN's. FRN's are simply small change compared to overall dollars of debt. Banks transfer billions of US dollars every day, and if a physical piece of paper is passed you can bet it is not FRN's. The US Treasury controls the US Dollar, not the Fed Reserve.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1305023, member: 26302"]If you do not understnad that US Dollars is much MUCH larger than FRN's, and how FRN's are a tiny fraction of US Dollars around the world, then I guess I simply do not know where to start. Yes, the debt is in dollars, but it is not expressed in FRN's. FRN's are simply small change compared to overall dollars of debt. Banks transfer billions of US dollars every day, and if a physical piece of paper is passed you can bet it is not FRN's. The US Treasury controls the US Dollar, not the Fed Reserve.[/QUOTE]
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