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Old 11-05-2009, 09:18 AM
Vortex Vortex is offline
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Join Date: Jul 2008
Posts: 899
For information, clarification and review (hidden in plain sight):
A dollar is a unit of measure.
A Note is the paper stuff we have been told is "money" (not money by definition)

There are United States Notes and a Federal Reserve Notes
both of which use the unit of measure of dollar upon them.

A Note is a legal document that obligates a borrower to repay. Does this sound like a definition of money?
Repay ...
With WHAT is the obligation of this Note going to be repaid ? ..
It is a Note.
ask yourself: Why is that?

There's a legal requirement of maintaining the mandated quantity in circulation
A United States Note
looks like this:

Gee, has anyone see these? United States Notes are suppose to exist.

Six Kinds of United States Paper Currency

A Certificate is a different animal and does qualify by definition as money.
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