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This is my first video about the Fed. I should apologize though, for the snorefest computer voice. I was waiting for a suitor at a local coffee shop and when he arrived I was playing the voice as I read the article on my phone. He saw that and wanted me to make it available to all the suitors so in a few hours I put the video together instead.
When you get to the article you might put up the text in a separate window.
One thing that might be important if you really want to take that original article as factual is to remember that it was written in 1984 which was a major transformative year for banking in America. In a nutshell Congress changed United States Notes to United States currency Notes - altered the name a little - and pretended that they were completely different things, in order to reenact Title 31 into positive law. More about that when Shoonra joins us I am sure!
Regards,
David Merrill.
When you get to the article you might put up the text in a separate window.
One thing that might be important if you really want to take that original article as factual is to remember that it was written in 1984 which was a major transformative year for banking in America. In a nutshell Congress changed United States Notes to United States currency Notes - altered the name a little - and pretended that they were completely different things, in order to reenact Title 31 into positive law. More about that when Shoonra joins us I am sure!
Regards,
David Merrill.
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