On The Subject Of Private Credit

[Carl]

Or does it rest on the estate held in trust where the FRN devalues it when we choose to use that form of currency?

Interesting question. Whose estate is being held in trust?

Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

This accounts for the FRN's limited supply and it also discounts any notions of hyperinflation.

[shikamaru]

Interesting question. Whose estate is being held in trust?

It is peoples' assets which are being held in trust.
People create governments.

[motla68]

Interesting question. Whose estate is being held in trust?

Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

This accounts for the FRN's limited supply and it also discounts any notions of hyperinflation.

Does it have to be any "ones" estate, what if it were for the benefit of all?


Could it be possible it is a Lien upon the Bond in Treasury the FRB deposited so that those notes can be printed and then you are charged taxes and interest upon the use of them FRNs to secure the Bonds and the increase the banks would get? An easy search you will discover that the Burea of Engraving and Printing, a federal agency prints the notes and distributes to FRB branches.
Bonded performance obligation:
In the publication published by the FEDERAL RESERVE BANK titled, "THE FEDERAL RESERVE SYSTEM PURPOSES AND FUNCTIONS," on page 115, in Appendix B Glossary of Terms, the following paragraph defines, "FEDERAL RESERVE note," and said definition does not include the UNITED STATES.

Federal Reserve note

Paper currency issued by the Federal Reserve Banks. Nearly all the na-tion’s circulating currency is in the form of Federal Reserve notes, which are printed by the Bureau of Engraving and Printing, a bureau of the U.S. Department of the Treasury. Federal Reserve notes are obligations of the Federal Reserve Banks and legal tender for all debts.

You can find the file at the following link:
http://search.newyorkfed.org/board_p...x=0&Search.y=0


Hyperinflation, who caused that? Credit Card Use, Lines of Credit, Loans, Mortgages e.t.c., Business is good for banks why would they not want to control flow of currency? Is it always someone else's fault?