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Old 05-26-2018, 07:07 AM
 
5,221 posts, read 2,378,942 times
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Quote:
Originally Posted by Hoonose View Post
The $100 is your asset. The debtor is essentially the Federal gov't as national debt.
What does the Federal government owe, and to whom do they owe it (as a result of me having that $100 bill)?
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Old 05-26-2018, 08:07 AM
 
8,288 posts, read 3,456,454 times
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Quote:
Originally Posted by TaxPhd View Post
What does the Federal government owe, and to whom do they owe it (as a result of me having that $100 bill)?
It is simply part of the total US national debt owed by we the people and our federal gov't. It is owed to we the people, our businesses, communities and all sorts of foreign entities as well.
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Old 05-27-2018, 02:12 PM
 
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Quote:
Originally Posted by Hoonose View Post
It is simply part of the total US national debt owed by we the people and our federal gov't. It is owed to we the people, our businesses, communities and all sorts of foreign entities as well.
Nice bit of jumbo jumbo that doesn’t answer the question. Care to try again?

What does the Federal government owe, and to whom do thy owe it, as a result of me having that $100 bill?

Be specific.
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Old 05-27-2018, 04:42 PM
 
8,288 posts, read 3,456,454 times
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Quote:
Originally Posted by TaxPhd View Post
Nice bit of jumbo jumbo that doesn’t answer the question. Care to try again?

What does the Federal government owe, and to whom do thy owe it, as a result of me having that $100 bill?

Be specific.

If the $100 is a Federal Reserve Note, then the Fed has issued that with the backing of $100 worth of Treasury securities.

https://en.wikipedia.org/wiki/Monetization

'In the latter case, the central bank may purchase government bonds by conducting an open market purchase, i.e. by increasing the monetary base through the money creation process. If government bonds that have come due are held by the central bank, the central bank will return any funds paid to it back to the treasury. Thus, the treasury may "borrow" money without needing to repay it. This process of financing government spending is called "monetizing the debt".[1]'

So to be more specific, the federal gov't 'owes' the Fed. Yet the Fed eventually returns most all interest and principal back to the Treasury. Fiat vapor moving from one inter-governmental balance sheet to another.
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Old 06-02-2018, 04:19 PM
 
Location: World
3,148 posts, read 3,210,342 times
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Around $500 Billion Dollar notes are in circulation outside USA.



https://www.stlouisfed.org/publicati...ome-and-abroad


Is it good or bad for the US ? I mean circulation of currency outside the country.

Will it promote inflation or deflation ??
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Old 06-03-2018, 09:22 AM
 
8,288 posts, read 3,456,454 times
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Quote:
Originally Posted by munna21977 View Post
Around $500 Billion Dollar notes are in circulation outside USA.



https://www.stlouisfed.org/publicati...ome-and-abroad


Is it good or bad for the US ? I mean circulation of currency outside the country.

Will it promote inflation or deflation ??
If kept out of the US, there would be little inflationary effect. When the money comes back to so say buy RE in Vancouver, then Vancouver will have housing inflation.
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Old 06-05-2018, 07:05 PM
 
608 posts, read 281,588 times
Reputation: 1932
Quote:
Originally Posted by munna21977 View Post
Around $500 Billion Dollar notes are in circulation outside USA.



https://www.stlouisfed.org/publicati...ome-and-abroad


Is it good or bad for the US ? I mean circulation of currency outside the country.

Will it promote inflation or deflation ??
The paper money circulating outside the country is an interest-free loan to the Treasury. In terms of foreign exchange rates it keeps the "price" of the USD stable. A shortage of paper dollars for minor transactions would distort exchange rates in many countries.
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