"A note is a legal document that serves as an IOU from a borrower to a creditor or to an investor. Notes typically obligate issuers to repay creditor the principal loan, in addition to any interest payments, at a predetermined date." (https://www.investopedia.com/terms/n/note.asp)
Can anyone tell me who exactly the borrower and the creditor are for a Federal Reserve note, and exactly what is to be repaid?
Federal Reserve Notes
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Re: Federal Reserve Notes
I would have guessed with the Gold, You have the answer.Libertarian666 wrote: ↑Sat Mar 28, 2020 8:37 am "A note is a legal document that serves as an IOU from a borrower to a creditor or to an investor. Notes typically obligate issuers to repay creditor the principal loan, in addition to any interest payments, at a predetermined date." (https://www.investopedia.com/terms/n/note.asp)
Can anyone tell me who exactly the borrower and the creditor are for a Federal Reserve note, and exactly what is to be repaid?
Historically, Federal Reserve notes have been the largest liability on the Federal Reserve's balance sheet.
https://www.federalreserve.gov/monetary ... lities.htm
IOU from the FED.
Damn debt based system is the opposite of how It is perceived.
Money is Loaned into existence.
I hesitate to say It have taken me Years to comprehend this.
Yet i still have "unknowns".
¯\_(ツ)_/¯
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Re: Federal Reserve Notes
Actually a "Federal Reserve Note" isn't even an IOU, since it imposes no obligation on the Federal Reserve.shekels wrote: ↑Sat Mar 28, 2020 11:22 amI would have guessed with the Gold, You have the answer.Libertarian666 wrote: ↑Sat Mar 28, 2020 8:37 am "A note is a legal document that serves as an IOU from a borrower to a creditor or to an investor. Notes typically obligate issuers to repay creditor the principal loan, in addition to any interest payments, at a predetermined date." (https://www.investopedia.com/terms/n/note.asp)
Can anyone tell me who exactly the borrower and the creditor are for a Federal Reserve note, and exactly what is to be repaid?
Historically, Federal Reserve notes have been the largest liability on the Federal Reserve's balance sheet.
https://www.federalreserve.gov/monetary ... lities.htm
IOU from the FED.
Damn debt based system is the opposite of how It is perceived.
Money is Loaned into existence.
I hesitate to say It have taken me Years to comprehend this.
Yet i still have "unknowns".
In fact, a Federal Reserve Note is not federal, is not backed by reserves, and isn't a note.
Other than that the name is quite appropriate!
Re: Federal Reserve Notes
Well I guess after we were taken off the Gold standard the "IOU" isn't a very good "IOU" anymore, because of what it is backed by.Libertarian666 wrote: ↑Sat Mar 28, 2020 12:49 pmActually a "Federal Reserve Note" isn't even an IOU, since it imposes no obligation on the Federal Reserve.shekels wrote: ↑Sat Mar 28, 2020 11:22 amI would have guessed with the Gold, You have the answer.Libertarian666 wrote: ↑Sat Mar 28, 2020 8:37 am "A note is a legal document that serves as an IOU from a borrower to a creditor or to an investor. Notes typically obligate issuers to repay creditor the principal loan, in addition to any interest payments, at a predetermined date." (https://www.investopedia.com/terms/n/note.asp)
Can anyone tell me who exactly the borrower and the creditor are for a Federal Reserve note, and exactly what is to be repaid?
Historically, Federal Reserve notes have been the largest liability on the Federal Reserve's balance sheet.
https://www.federalreserve.gov/monetary ... lities.htm
IOU from the FED.
Damn debt based system is the opposite of how It is perceived.
Money is Loaned into existence.
I hesitate to say It have taken me Years to comprehend this.
Yet i still have "unknowns".
In fact, a Federal Reserve Note is not federal, is not backed by reserves, and isn't a note.
Other than that the name is quite appropriate!
I agree the Fed is a Banking Cartel.
Now do Bitcoin.
¯\_(ツ)_/¯
Re: Federal Reserve Notes
Mike Maloney used to make this joke all the time.
Not Federal. No reserves. Not a note.
It's counterfeiting and illegal.
Not Federal. No reserves. Not a note.
It's counterfeiting and illegal.
MM
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
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Re: Federal Reserve Notes
Libertarian666 wrote: ↑Sat Mar 28, 2020 8:54 pmSorry to have to correct you, but it is legal counterfeiting.
Unfortunately.
MM
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com