ALERT: Federal Reserve in Crisis
Inflation will cause the FED to start buy $100 bills for 9 cents instead of 7 cents. Some years ago the FED only paid 2 1/2 cents per $100 bill.
As the Chicago FED Spokesman said, they current pay about 7 cents for $100 worth of Belgium chocolate or oil but due to new anti-counterfeiting measures they will start paying 9 cents.
Basically the FED counterfeits US currency and to prevent others from doing the same it is costing them more money to hold the monopoly on counterfeiting.
Investopedia says, "Oddly enough, the dollar bills that we carry around in our wallets are not considered lawful money." So if they are not lawful, they must be unlawful.
As the Chicago FED Spokesman said, they current pay about 7 cents for $100 worth of Belgium chocolate or oil but due to new anti-counterfeiting measures they will start paying 9 cents.
Basically the FED counterfeits US currency and to prevent others from doing the same it is costing them more money to hold the monopoly on counterfeiting.
Investopedia says, "Oddly enough, the dollar bills that we carry around in our wallets are not considered lawful money." So if they are not lawful, they must be unlawful.
posted by The Builder at
9:04 AM
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