Just Wondering wrote:
Morris Dovey wrote:

We'll remain solvent as long as Treasury has printing preses.


When was the last time you saw a bill printed from the U.S. Treasury?
All of mine say they're Federal Reserve Notes. They're issued by the
Federal Reserve Bank, which I thought is a private corporation (BTW, who
owns its stock?), not a part of the Treasury Department.

Both the United States Mint (officially singular) and the Bureau of
Engraving and Printing are elements of the Department of the Treasury.

The Federal Reserve System is a mechanism intended to assist in
maintaining a healthy economy by (as far as I can tell) influencing the
volume and velocity of monetary /flow/.

As I write this, I'm downloading a 29 MB PDF file from:

http://www.federalreserve.gov/pf/pf.htm

so I can learn a bit more...

--
Morris Dovey
DeSoto Solar
DeSoto, Iowa USA
http://www.iedu.com/DeSoto/