Federal Reserve Notes

[Libertarian666]

"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?

[shekels]

"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?

I would have guessed with the Gold, You have the answer.
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".

[Libertarian666]

"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?

I would have guessed with the Gold, You have the answer.
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".

Actually a "Federal Reserve Note" isn't even an IOU, since it imposes no obligation on the Federal Reserve.
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!

[shekels]

"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?

I would have guessed with the Gold, You have the answer.
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".

Actually a "Federal Reserve Note" isn't even an IOU, since it imposes no obligation on the Federal Reserve.
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!

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.
I agree the Fed is a Banking Cartel.

Now do Bitcoin.

[Smith1776]

Mike Maloney used to make this joke all the time.

Not Federal. No reserves. Not a note.

It's counterfeiting and illegal.

[Libertarian666]

Mike Maloney used to make this joke all the time.

Not Federal. No reserves. Not a note.

It's counterfeiting and illegal.

Sorry to have to correct you, but it is legal counterfeiting.
Unfortunately.

[Smith1776]

Mike Maloney used to make this joke all the time.

Not Federal. No reserves. Not a note.

It's counterfeiting and illegal.

Sorry to have to correct you, but it is legal counterfeiting.
Unfortunately.