Thread: Good people of the USA- you are being Screwed.
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Old 15-03-2008, 07:42 PM   #14 (permalink)
Norton
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Quote:
Originally Posted by sabang
The sole Issuer of US bank notes is the Federal Reserve norton, not the Treasury. There is legally no reason that the Treasury cannot issue currency also, but it doesn't. The Fed has been issuing US bank notes since 1914, shortly after it's creation.
Thanks for the clarification. Seems I'm giving away my age here. No intent to split hairs but it was my understanding the Treasury was solely responsible for minting (printing) through it's Bureau of Engraving and Printing. The printed money is then distributed to the Federal Reserve Bank. Assume from your previous post, the Feds are the only agency that can "authorize" the printing?
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