You're obfuscating the argument because you know you're wrong. Numbers on a computer screen still represent federal reserve notes and federal reserve notes, be they actual paper or characters ion a computer screen, still represent a debt owed to the federal reserve bythe US government/US taxpayers.
Being rude, dicky, and complicated doesn't make you right I'm afraid.
Your original graph didn't show that.
It wasn't intended to and that doesn't change the facts either.
couldn't have said it better myself.
That's not saying much.
Again, being rude and dicky doesn't help your case. These were the words of a former credit Manager of the Federal Reserve Bank of Atlanta, one Robert H. Hemphill. You seem to think you know more than him. I don't think you do.
The facts are clear, any and all federal reserve notes in circulation, be they actual paper notes or characters on a computer screen, represent a debt owed to the federal reserve banking cabal by the tax payers of the Unites States. All legal tender originates with the federal reserve bank and they don't just let us use it for free.
Congress requires money to pay bills. When taxes are insufficient to cover their liabilities, they issue a treasury note to the federal reserve bank WHICH IS AN IOU AND which then creates, via smoke and mirrors, circulating federal reserve notes.
This is nothing new. How it all works is well documented.
Bottom line: you're wrong.
But we were discussing physical FRNs.
Are you changing your claim?
Does the government now have to repay every single dollar in existence, with interest?
I don't think your changing claim makes any more sense than your original claim.
The facts are clear, any and all federal reserve notes in circulation, be they actual paper notes or characters on a computer screen, represent a debt owed to the federal reserve banking cabal by the tax payers of the Unites States.
Unbelievably silly claim. Let me demonstrate.
I go to the bank to get a car loan. My loan increases the money supply. How does my increased liability put "the tax payers of the Unites States" on the hook?
When taxes are insufficient to cover their liabilities, they issue a treasury note to the federal reserve bank
You are mistaken. The Treasury does not sell or issue Treasury notes to the Fed.