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<p>[QUOTE=&quot;fatima, post: 1209154, member: 22143&quot;]You guys, on the FRN vs USN arguments are making one big, and I do mean big, fundamental flaw in your reasoning.&nbsp;&nbsp; You are assuming the USN $= FRN $ in value.&nbsp; They don&#039;t and haven&#039;t since 1971 when they were removed from circulation.&nbsp;&nbsp; If you take the values of these notes in 1971 and extrapolated forward, then at a minimum 1 USN = 37 FRNs.&nbsp;&nbsp; USN s are going to be limited to the direct taxing authority of the USA.&nbsp; This may mean that a USN might be worth $5000, $25,000, in FRNs, nobody knows because nobody knows the full extend of how many FRNs have been created and sent to other central banks, liabilities of the TBTF banks, etc.&nbsp; &nbsp; </p><p><br /></p><p>In any case, the USA doesn&#039;t have to follow any existing rules except those stated in the US Constitution.&nbsp; &nbsp; If they were to dump the FRN, they can simply state that everyone can redeem their FRNs 1 to 1 for the USN up to say $250,000.&nbsp; &nbsp; After that, a diminishing conversion factor kicks in.&nbsp;&nbsp; This preserves the accounts of the masses, but destroys the big investors at the cost of eliminating federal debt.&nbsp; &nbsp; Don&#039;t think they won&#039;t do this, it&#039;s already been done. </p><p><br /></p><p>This is why you hold bullion.[/QUOTE]</p><p><br /></p>

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