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A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).
A: update -As of January 8, 2020 there was $1.75 trillion worth of Federal Reserve notes in circulation.
A: update -As of July 8, 2020, there was $1.93 trillion worth of Federal Reserve notes in circulation.
A: update - As of January 6, 2021, there was $2.04 trillion worth of Federal Reserve notes in circulation.
I doubt that those investments will ever be paid out, since that much currency DOES NOT EXIST.
Once the rush to "cash out" begins, 90% won't get a cent.
A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).
A: update -As of January 8, 2020 there was $1.75 trillion worth of Federal Reserve notes in circulation.
A: update -As of July 8, 2020, there was $1.93 trillion worth of Federal Reserve notes in circulation.
A: update - As of January 6, 2021, there was $2.04 trillion worth of Federal Reserve notes in circulation.
I doubt that those investments will ever be paid out, since that much currency DOES NOT EXIST.
Once the rush to "cash out" begins, 90% won't get a cent.
USD's in currency is but a small portion of all USD's in the world.
I've bought and sold some major investments in the past, and rarely use or receive any currency. I've also borrowed and paid off many loans in the same way. I might send or receive relatively large amounts of electronic dollars, almost all of which stay as electronic dollars, not currency.
Of course other people with other loans and investments will continue to buy and sell without using currency over time based on their own life and business time frames and schedules.
It will all work out, as sellers find buyers and visa versa. Or if necessary, more money can be created via the banking system to help complete the process ad infinitum.
A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).
A: update -As of January 8, 2020 there was $1.75 trillion worth of Federal Reserve notes in circulation.
A: update -As of July 8, 2020, there was $1.93 trillion worth of Federal Reserve notes in circulation.
A: update - As of January 6, 2021, there was $2.04 trillion worth of Federal Reserve notes in circulation.
I doubt that those investments will ever be paid out, since that much currency DOES NOT EXIST.
Once the rush to "cash out" begins, 90% won't get a cent.
Wait. Are you equating the money supply with the actual amount of physical currency in circulation?
Are you talking about children of citizens OP or the tens of thousands that are streaming across the border?
The Democrats tell us we need them, they are our future. I don't know why American kids are not but there you go. What did Obama tells us, that one of those little dreamers could become the Valedictorian at their school ? Who knows but our taxpaying dollars will help them pay of their student debt..
The Democrats need them to pay for all trillions they are spending. Generations to come will be footing the bill.
I pay something like 19000 a year as property tax.
I have only one child.
My husband and I pay 1400 monthly premium to health insurance.
I don't claim any benefit and I don't know if there are.
So, who paid any other things for my little one? I must thank him/her/them.......
You pay that much because you want that property. Your child probably doesn’t care
A: There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion).
A: update -As of January 8, 2020 there was $1.75 trillion worth of Federal Reserve notes in circulation.
A: update -As of July 8, 2020, there was $1.93 trillion worth of Federal Reserve notes in circulation.
A: update - As of January 6, 2021, there was $2.04 trillion worth of Federal Reserve notes in circulation.
I doubt that those investments will ever be paid out, since that much currency DOES NOT EXIST.
Once the rush to "cash out" begins, 90% won't get a cent.
Wait. Are you equating the money supply with the actual amount of physical currency in circulation?
Technically speaking, Federal Reserve notes, being debt, are not "money" by law.
They are legal tender.
And even if you add in M1, and M2 figures, the total amount of FRNs is a fraction of the outstanding obligations.
In short, when the "music" stops, there are not enough "chairs".
MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
- - - Black's Law Dictionary, Sixth Ed. p. 1005
....................
Money ... does not embrace notes (debt) !
"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
Technically speaking, Federal Reserve notes, being debt, are not "money" by law.
They are legal tender.
And even if you add in M1, and M2 figures, the total amount of FRNs is a fraction of the outstanding obligations.
In short, when the "music" stops, there are not enough "chairs".
MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
- - - Black's Law Dictionary, Sixth Ed. p. 1005
....................
Money ... does not embrace notes (debt) !
"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
FRN's are absolutely USD's in the form of paper currency money.
I did attend public school. My parents were property owners and paid their fair share in taxes to help pay for that public school education. I am a property owner today and pay to support the public school education of young people in my community.
They paid their fair share and so did others who had no kids at all. That’s what a civilized society does; help pay for education for the next generation.
They paid their fair share and so did others who had no kids at all. That’s what a civilized society does; help pay for education for the next generation.
Civilized = Voluntary
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