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<p>[QUOTE=&quot;fatima, post: 1307022, member: 22143&quot;]Treasury Notes are not&nbsp; $s.&nbsp;&nbsp; It is a promissory note that you have purchased from the government which when redeemed you will be paid back the face value plus interest.&nbsp; You will be re-paid in Federal Reserve dollars.&nbsp; Keep in mind that countries who are oil buyers, and this includes both China &amp; Japan, have to have hard Federal Reserve USD in order to purchase oil.&nbsp; They can&#039;t buy it any other way.&nbsp; &nbsp; </p><p><br /></p><p>While you might not care to argue what you call a &quot;basic, simple point&quot;, I highly recommend that you head back and look at this again.&nbsp; It&#039;s this basic misunderstanding of what constitutes the USD, these days, that leads people to draw the wrong conclusions.&nbsp;&nbsp; If it were as simple as you make it, then you should be able to describe it in a few sentences.&nbsp; Yet you are unable to.&nbsp;&nbsp; </p><p><br /></p><p>The only currency circulated by the USA is the Federal Reserve Note.&nbsp; The US Treasury has not issued $ currency since 1971.[/QUOTE]</p><p><br /></p>

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