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Quote from U. S. Currency,

Series 1863-1934 U.S. Gold Certificate - This is to certify that there have been deposited in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in gold coin payable to the bearer on demand.
Series 1886-1963 U.S. Silver Certificate - This certifies that there is on deposit in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in silver payable to the bearer on demand.
Series 1913-1934 Federal Reserve Note - Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank.
Series 1934-1963 Federal Reserve Note - This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.
Series 1963- Federal Reserve Note - This note is legal tender for all debts, public and private.



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U. S. Currency (more quotes by U. S. Currency or books by/about U. S. Currency)

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Federal Reserve Notes are not backed by gold or silver but instead are issued as IOU's for interest-bearing Treasury Bonds, i.e. debt<br>

Categories:

Debt, Economics, Fed, Fiat, Fraud, Money

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