I, for one, am exstatic about using FRN, bucks, greenback, dollars. It is so much easier to trade than pelts and more convenient than carrying gold bullion. Remember the days of the shootouts in the center of town, having to get your gold weighed and transported by a wagon? Oh the saddle sores. I am not sure what the interest rate was on beaver pelts but I am fairly sure it wasn't as much more than today's rate on the so called FRNs.
GG
Quote:
Originally Posted by Ahneida Ride
Actually frns = bitcons..
almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.
We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.     
frn = non federal non reserve non note
The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.
It has no reserves ...
It's notes do not specify the terms of redemption, hence are NOT notes. |