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<p>[QUOTE="medoraman, post: 1309080, member: 26302"]On the point of not being able to pay yoru taxes with Treasury securities, that is due to the registration feature. You can pay your taxes with a check, wire transfers and credit cards in some jurisdictions, and theoretically with dollar coins. Any of these other payment methods do not involve one single FRN. Every form of the dollar has its use, just like FRN's do you no good on Ebay and in many other transactions. There are even restaurants opening now that refuse to accept FRN's and coins, only allowing you to dine there if you pay electronically. Every day the use of FRN's go down, being replaced by electronic payments.</p><p><br /></p><p>Another illustration of this is a very typical US citizen today. Most people get paid direct deposit, pay bills online or via check, pay for gas and groceries with credit or debit card. Where is a FRN ever involved? We work, live, pay bills, all without having to touch Mr. Franklin's face. If it were not for buying lunch, I would have absolutely no use for FRN's at all. Every day more and more Americans are the same way. We use Dollars, every one of us, but fewer and fewer are using FRN's. I personally have gone weeks between taking out $100 if I am in the mood of bringing lunches to work. Some day I will simply start charging lunches as well, and live a FRN free life, except for some in my collection as antiques.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1309080, member: 26302"]On the point of not being able to pay yoru taxes with Treasury securities, that is due to the registration feature. You can pay your taxes with a check, wire transfers and credit cards in some jurisdictions, and theoretically with dollar coins. Any of these other payment methods do not involve one single FRN. Every form of the dollar has its use, just like FRN's do you no good on Ebay and in many other transactions. There are even restaurants opening now that refuse to accept FRN's and coins, only allowing you to dine there if you pay electronically. Every day the use of FRN's go down, being replaced by electronic payments. Another illustration of this is a very typical US citizen today. Most people get paid direct deposit, pay bills online or via check, pay for gas and groceries with credit or debit card. Where is a FRN ever involved? We work, live, pay bills, all without having to touch Mr. Franklin's face. If it were not for buying lunch, I would have absolutely no use for FRN's at all. Every day more and more Americans are the same way. We use Dollars, every one of us, but fewer and fewer are using FRN's. I personally have gone weeks between taking out $100 if I am in the mood of bringing lunches to work. Some day I will simply start charging lunches as well, and live a FRN free life, except for some in my collection as antiques.[/QUOTE]
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