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<p>[QUOTE="fatima, post: 1209858, member: 22143"]Ahh, but the only reason to eliminate the FRN would be to eliminate the debt associated with it. Sure they would do a 1:1 match for the FRN, but they will cap the amount that each household, person, etc can convert at 1:1. Any amounts above that will be subject to diminishing returns. Most likely there will be an amount they simply won't convert. On your other point, the US Treasury isn't allowed to issue dollars like the Federal Reserve as the Constitution gets in the way. This was the entire reason for creating the Federal Reserve in the first place.</p><p><br /></p><p>IMO, this isn't going to happen anytime soon. The status quo will use every tactic available to them to prevent it from happening. We are talking about a STHF event, revolution, etc. IMO, you won't want to be in the USA when this trick is pulled.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1209858, member: 22143"]Ahh, but the only reason to eliminate the FRN would be to eliminate the debt associated with it. Sure they would do a 1:1 match for the FRN, but they will cap the amount that each household, person, etc can convert at 1:1. Any amounts above that will be subject to diminishing returns. Most likely there will be an amount they simply won't convert. On your other point, the US Treasury isn't allowed to issue dollars like the Federal Reserve as the Constitution gets in the way. This was the entire reason for creating the Federal Reserve in the first place. IMO, this isn't going to happen anytime soon. The status quo will use every tactic available to them to prevent it from happening. We are talking about a STHF event, revolution, etc. IMO, you won't want to be in the USA when this trick is pulled.[/QUOTE]
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