Message:

<p>[QUOTE=&quot;gatzdon, post: 588540, member: 8247&quot;]Give the Fed some credit and don&#039;t confuse the Fed&#039;s purpose with poor government decisions.</p><p><br /></p><p>None of us here have to contend with some of the problems that the Fed solved.&nbsp; When&#039;s the last time someone here had to deal with a Broken Bank Note.</p><p><br /></p><p>How many people here realize that the Banknote Reporter got started as a publication to help Merchants recognize which notes are current and valid and which notes are broken, invalid, counterfeit, etc...</p><p><br /></p><p>As much as we love the variety of the notes from the 1800&#039;s, they did pose a nightmare for many merchants.&nbsp; For a merchant that would have an average transaction of less than $5, being presented with a $50 or $100 was a tough decision.&nbsp; Having not seen an example of the latest $100 legal tender in person, how do you know this one is real or fake.&nbsp; Even if you trust the customer, they may have been the one who was duped.&nbsp; Remember, counterfeit notes are an expensive variation on the Hot Potato Game.</p><p><br /></p><p>I won&#039;t even try to address the pro&#039;s and con&#039;s of how the Fed has managed to stabilize the dollar, yet make it possible for even the poorest of Blue Collar Workers to make interest off of their savings.&nbsp; Many things that the Fed has done, could have been done better, but the Fed has had a net positive effect on the value of the dollar.[/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