You are viewing a single comment's thread from:RE: LeoThread 2023-03-17 20:37View the full contexttaskmaster4450le (81)in LeoFinance • 3 years ago Serious question: do you know the difference between a reserve and a US dollar?
You should explain to us the difference in a threadstorm ;)
We r dumb
Reserve is having supply until needed, or "money in hand". The US dollar (USD) as the Federal Reserve Note (FRN) is good for all debts public and private serving as debt as opposed to anything in the direction of a reserve.
Except we do not settle in USD using banknotes.
Herein is where the Fed is not really a bank. They do not do broad market money.