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<p>[QUOTE="InfleXion, post: 1308189, member: 29012"]I get that FRN's are not digital dollars (though they are a representation thereof). What I don't get is why Treasures are digital dollars under the same umbrella as what I have on my bank balance. If you have to spend digital dollars to get Treasuries, which I don't doubt, then you are not getting the same thing back that you spent to get them. If they were the same then there's no reason to buy them in the first place because you already have them. Obviously that's not the case. Now if they are different kinds of dollars then sure, I can go for that, just as I was talking about with AUD and CAD. So if it were say called a Treasury dollar, then there's a distinction I can live with, but it's not the same as the US dollar that we use for commerce. You can't buy anything with your Treasuries until you convert them back into dollars, just like stocks, just like gold and silver ETFs. You have to exchange them for dollars first.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1308189, member: 29012"]I get that FRN's are not digital dollars (though they are a representation thereof). What I don't get is why Treasures are digital dollars under the same umbrella as what I have on my bank balance. If you have to spend digital dollars to get Treasuries, which I don't doubt, then you are not getting the same thing back that you spent to get them. If they were the same then there's no reason to buy them in the first place because you already have them. Obviously that's not the case. Now if they are different kinds of dollars then sure, I can go for that, just as I was talking about with AUD and CAD. So if it were say called a Treasury dollar, then there's a distinction I can live with, but it's not the same as the US dollar that we use for commerce. You can't buy anything with your Treasuries until you convert them back into dollars, just like stocks, just like gold and silver ETFs. You have to exchange them for dollars first.[/QUOTE]
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