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<p>[QUOTE="Conder101, post: 1615492, member: 66"]First the Fed doesn't print currency. Second under the law as it is currently the paper currency has no value until it is PURCHASED by the Fed. So a trillion or hundred trillion dollar note would have no value because the Fed would not buy it. Coins on the other hand have their seiniorage (sp) created and deposited into the general fund as soon as they are struck. That's why they propose a trillion dollar coin instead of a trillion dollar note.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1615492, member: 66"]First the Fed doesn't print currency. Second under the law as it is currently the paper currency has no value until it is PURCHASED by the Fed. So a trillion or hundred trillion dollar note would have no value because the Fed would not buy it. Coins on the other hand have their seiniorage (sp) created and deposited into the general fund as soon as they are struck. That's why they propose a trillion dollar coin instead of a trillion dollar note.[/QUOTE]
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