For 2000, the securities counterpart to Federal Reserve notes
Historically, the Federal Reserve has passively supplied Federal Reserve notes
Replacement of the present monetaiy regime would begin with the introduction of alternative currencies consisting solely of gold and silver to compete with Federal Reserve Notes
Denote the Systemwide ratio of the gold certificate account to the value of Federal Reserve notes
According to the New York Times: "To many of the President's closest advisors the Aldrich-Vreeland Act, repealed when the Federal Reserve Act came into effect, provides the model scheme for the projected expansion of currency through Federal Reserve Notes
Even after these gold losses, however, the gold-reserve ratio (against Federal Reserve notes
and deposits) was still at least 50 percent above the legally required minimum.
The increase in Federal Reserve notes
in circulation originated in the Chicago Federal Reserve district, which contained the state of Michigan.
Second, the government of the United States benefits from the seignorage, which we obtain from having more than $400 billion of Federal Reserve notes
held by non-citizens.
In keeping with their strategy of maintaining the security of Federal Reserve notes
by enhancing the design of U.
The 12 regional banks together reported incomes before distribution totaling just over $23 billion in 2003, with the bulk of the distribution going to the Treasury as interest on Federal Reserve Notes
A 78-year-old Los Angeles attorney and two other people were charged with trying to sell counterfeit Federal Reserve notes
, many with a purported face value of $500 million, federal officials announced Monday.
Nobody believes his story until he pulls out the wad of federal reserve notes
and proudly states that he ain't sharing shit with anyone, especially not J-Wak.
I agree with his definition of money--a medium of exchange, a store of value, and a unit of value--but our Federal Reserve Notes
fail on two of these accounts.
Gold cannot be mined as cheaply as Federal Reserve notes
can be printed.
However, US Code, 31 USC 5103, establishes US coins and currency, including Federal Reserve notes
, as legal tender and has been used to debase the currency ever since - the way Gresham's Law works: bad (or debased) money drives out good (the kind with little difference between its nominal and commodity values).