There’s literally nothing at the treasury backing those notes. I have two silver certificate dollars yet myself; there’s no money in any bank anywhere through which to redeem them. No one has any ‘money’ parked at the Treasury; it has no reserves and no limits on printing.
They’re literally exactly the same.
There’s literally nothing at the treasury backing those notes. I have two silver certificate dollars yet myself; there’s no money in any bank anywhere through which to redeem them. No one has any ‘money’ parked at the Treasury; it has no reserves and no limits on printing.