There presently is no “national bank currency” of federally incorporated banking institutions. The Banking Act of 1935 retired printers from printing national bank currency in favor of Federal Reserve/reserve notes... Which are "for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose" [12 USC 411], yet, "national bank currency” is still included in the official definition for Obligation of the United States... Hhhhmmm I guess we retained that power in Article the ninth of the constitution? #MoneyTalk

Posted by MalikaDulce at 2020-11-20 02:18:19 UTC