FRNs are not money.
They are literally notes of debt.
Hence the term "Federal Reserve Note"
Money… Comes directly from the Treasury.
Correct.
Federal Reserve Note == an IOU derived from an abstraction written on a piece of paper or entered into a computer terminal.
Treasury Note == a receipt for a fixed weight of gold or silver.
>silver and gold chatter in the bred.
Incidentally, the deep state has been on the entrainment track for that for decades. The push away from value in the currency ~~is~~ has been pretty subliminal.
Eye guarantees it ;p
>A Red-seal United States Note
Is not a Treasury Note.
>Only Gold and Silver Certificates
Are Treasury Notes. Like the ones JFK issued.
This is why I love this place:
''Post something that rings true, and sauce maigcally appears!''
I see. Yuo are correcting my semantics. Fine.
Doesn't change that "Red-seal United States Note" != "Treasury Note"
That said, can you show me a Treasury Note that is not a Treasury Certificate that is in the form of a circulated currency?
>https://lunaticg.blogspot.com/2013/04/1891-1000-treasury-note-sells-25-million.html
That Treasury Note is a receipt for gold coin. So, not an instrument of public debt.
>will pay the bearer in gold
Says so right on it.
I will still accept that you are correct; strictly speaking in terms of semantics, I should have used the word "certificate" in my last post .
We both do.
I can eat the chicken I bough and you can go get some chicken feed with the gold I just gave you ;)
I'd prefer to offer you gold for the tp or chickens instead of just taking it from you at gunpoint.