Results 1 to 10 of 36

Thread: Presentment handled without cash, check, money order or credit card,

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #4
    Quote Originally Posted by Mark Christopher View Post
    Motla68
    That is a pretty neat idea. I never thought that the lawful money could be used in that way. If you don't mind can you give a little more backround. I am a little confused how and why this methodology worked. Thank you,
    MC
    Sidenote: What makes lawful money lawful money is that it is issued by the U.S. Treasury.

    Given the above, this means that Treasury notes and Treasury bonds are lawful money in addition to gold and silver coin from the US Mint.

    Also given the aforementioned, the Federal Reserve as well as foreign nations acquire lawful money by purchasing Treasury notes and Treasury bonds.
    Last edited by shikamaru; 04-19-11 at 02:50 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •