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
Quote Originally Posted by shikamaru View Post
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.
Also to mention our intention to save a couple trees by keeping the accounting internal instead of creating more paper. Not that we are doing it quite yet, but there is certain trees that you can make ink out of some of the bark instead of sacrificing the whole tree.