Let’s start with a little exercise, everybody, pull a dollar bill (or any bill) out of your pocket. OK, on the side with the dead president’s picture, what does it say on top? It says, “Federal Reserve Note.” On the bottom, it is signed by The Treasurer or the United States and the Secretary of the Treasury. What exactly do they need by note? Per Webster, a note is, ” a written promise to pay a sum of money or a written acknowledgment of a debt from which a promise of payment can be inferred.” In other words your 5 dollar bill is like a check from the government for 5 dollars. In other words, the 5 dollar bill means that Uncle Sam owes you 5 bucks!
So, now that you know that the government owes you 5 bucks, go to the treasury and collect it? Sounds pretty absurd doesn’t … Read More