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View Diary: The Debt Ceiling Is Not Unconstitutional, Right Now! (56 comments)

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  •  Sure, just ... (3+ / 0-)

    ... go to a bank, bring $500b with you, ask for the coin, they ask to withdraw it from the Fed, and ...

    ... oh, wait, AFAIU the Fed will give them Federal Reserve notes.

    OK, no, you probably can't.

    Support Lesbian Creative Works with Yuri anime and manga from ALC Publishing

    by BruceMcF on Thu Jun 30, 2011 at 10:21:45 AM PDT

    [ Parent ]

    •  I'll bet (0+ / 0-)

      I could hire a master engraver to make a die for less...Now just need to get my local Federal Reserve Bank to accept the resulting coin.

      Scientific Materialism debunked here

      by wilderness voice on Thu Jun 30, 2011 at 11:11:22 AM PDT

      [ Parent ]

      •  Unless you are a commercial bank ... (1+ / 0-)
        Recommended by:
        psyched

        ... or the Treasury, you don't get to have a Federal Reserve Bank account.

        Even credit unions have to work through commercial banks (itself something I would reform if given the chance).

        That's why it goes through a commercial bank (and, as far as I understand, stalls there) in my comment above.

        Support Lesbian Creative Works with Yuri anime and manga from ALC Publishing

        by BruceMcF on Thu Jun 30, 2011 at 12:09:41 PM PDT

        [ Parent ]

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