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<p>[QUOTE=&quot;fatima, post: 1210327, member: 22143&quot;]You miss the primary and fundamental difference between the two.&nbsp;&nbsp; The US Treasury can only issue USNs depending upon the true economic output of the USA via the authority the US Constitution gives the Congress.&nbsp; &nbsp;&nbsp; There are no such limitations on FRNs.&nbsp;&nbsp; This was the primary reason for creating the Federal Reserve.&nbsp; Keep in mind that in order to even make the Federal Reserve viable, the goverment had to seize everyone&#039;s gold.&nbsp;&nbsp; </p><p><br /></p><p>The Federal Reserve can print trillions of dollars if it likes to meet its definition of monetary policy.&nbsp; In order for the Treasury to do it, the US Congress would have to go on record to vote for every dollar increase of debt.&nbsp;&nbsp; It&#039;s a huge incentive to hold down spending of USNs as there is direct accountability to the voters.&nbsp; On the other hand, nobody knows anything about what the Fed does except to see the results of their &quot;tinkering&quot;.&nbsp; This is the fundamental flaw.&nbsp;&nbsp; The people making these monumental decisions, are not elected and not responsible to the people.</p><p><br /></p><p>If we went back to Treasury based money, the changes to the American economy would be great, and IMO, good for the people.&nbsp; It would eliminate the 40% of the economy that is concerned with nothing more than making money off currency.&nbsp;&nbsp; It would restore some confidence in the people that we might be headed in the right direction.&nbsp;&nbsp; As it is now the Federal Reserve, because its primary mission is to preserve the bankers at the cost of everything else, has put this country on a path that is going to lead to complete destruction.&nbsp; It&#039;s just a matter of time.[/QUOTE]</p><p><br /></p>

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