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<p>[QUOTE="fatima, post: 1307296, member: 22143"]When someone starts to refer to someone else in th 3rd person and doesn't address the points made, then it means they can't defend what they have said. Furthermore, you are heading down the logical fallacy path as I didn't say anything about companies. The discussion is around your contention that Treasury Notes constitute the largest supply of dollars out there and because of this, the Federal Reserve Note, $, isn't the major supply of dollars. </p><p><br /></p><p>In regards to me having studied "finance". This isn't a matter of the finance industry dallying around with money, i.e. your "finance". It's a matter of sovereign governments holding the world's reserve currency. It's a commodity they have to have if they participate in buying or selling oil or participate in the world central banking system. They also buy treasury notes, which are not dollars, because the notes are considered financial assets of that government. If the day ever comes where they redeem these notes, they will be given Federal Reserve dollars. </p><p><br /></p><p>Try to understand the difference and what I have said, rather than cast insults towards me. Again, you have said it is simple, yet you can't explain it at all. This is because you have it completely wrong, i.e. Treasury Notes = money, and it's becomes too easy to pick apart.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1307296, member: 22143"]When someone starts to refer to someone else in th 3rd person and doesn't address the points made, then it means they can't defend what they have said. Furthermore, you are heading down the logical fallacy path as I didn't say anything about companies. The discussion is around your contention that Treasury Notes constitute the largest supply of dollars out there and because of this, the Federal Reserve Note, $, isn't the major supply of dollars. In regards to me having studied "finance". This isn't a matter of the finance industry dallying around with money, i.e. your "finance". It's a matter of sovereign governments holding the world's reserve currency. It's a commodity they have to have if they participate in buying or selling oil or participate in the world central banking system. They also buy treasury notes, which are not dollars, because the notes are considered financial assets of that government. If the day ever comes where they redeem these notes, they will be given Federal Reserve dollars. Try to understand the difference and what I have said, rather than cast insults towards me. Again, you have said it is simple, yet you can't explain it at all. This is because you have it completely wrong, i.e. Treasury Notes = money, and it's becomes too easy to pick apart.[/QUOTE]
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