R C Macaulay wrote:

Robin ,
At the risk of falsely claiming fraud, As any Columbian drug cartel can explain, round bailing US money and storing

Could someone explain to me how the Federal Reserve Banks get "Federal
securities" to "pledge", in the first place, and also what happens (financially)
when old worn notes are taken out of circulation, and who does that.

Dah, they print them up. Congress gives it's approval, of course.


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