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Old November 15th, 2008 #7
Mike Mazzone of Palatine
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Join Date: Dec 2003
Location: With my awesome parents
Posts: 7,802
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Quote:
Originally Posted by OTPTT View Post
They are a debt note. They represent the debt that the U.S. owes the Federal Reserve Bank. A coupon has some value while a Federal Reserve Note is pure debt.
http://video.google.com/videoplay?docid=-9050474362583451279