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Reply #35: "IF" the deposits were Fed dollars...
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dixiegrrrrl
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Wed Mar-30-11 09:03 AM
Response to Reply #34 |
35. "IF" the deposits were Fed dollars... |
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The whole point of local currency would be to avoid using what is seen as fiat Fed bills. So IF starting an independent state bank from that concern were to happen, I imagine they would not use Fed paper as money. 'Course I have no idea if states can run banks totally independent of Federal oversight/input/permission.
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