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<p>[QUOTE=&quot;Cloudsweeper99, post: 1208119, member: 3011&quot;]Regarding the first comment, I think you are overestimating the ability of folks to change the system.&nbsp;&nbsp; It&#039;s like a dog who only realizes that he is on a leash when he tries to go to a place that his master will not allow.&nbsp; The dog is &quot;free&quot; only when he does what his master wishes.</p><p><br /></p><p>The practical difference between FRNs and US Notes are that US Notes do not involve the creation of debt and interest on the debt that has to be repaid -- a tremendous benefit.&nbsp; Imagine how different things would be today if there was no national debt.&nbsp; And while interest paid on the bonds owned by the Fed in excess of 6% goes back to the Treasury, (1) the present rate of interest is lower than 6% so nothing goes back to the Treasury from that source, and (2) most Treasury bonds, notes and bills are not owned by the Fed.&nbsp; They are owned largely by foreign central banks and domestic investment institutions, so the payments and the pain are real.[/QUOTE]</p><p><br /></p>

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