Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1309173, member: 3011&quot;]So you&#039;ve finally admitted that everything you&#039;ve posted up to now is wrong.&nbsp; The measure includes travellers checks from non bank issuers.&nbsp; And this was the point all along that you have denied -- that something other than FRNs can be used as money.&nbsp; Whether or not it eventually is converted from FRNs or to FRNs is irrelevant, just as it is when Treasuries or coins are used as money.&nbsp; </p><p><br /></p><p>And M2 includes money market mutual funds that are outside of the Federal Reserve System and consist principally of short term bills issued by corporations and treasuries.&nbsp; It&#039;s good to see you admit that treasuries and other items are also US dollars, i.e. money.</p><p><br /></p><p>Thanks for playing and pay your losses at the door. LOL&nbsp; You&#039;re totally busted!!!![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in