1. Thurs am and USD regains some lost ground, now over 101
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  2. Good Thur Morning! To start we have Gold down 9 to 1202, while Silver is down 31 to 1695. We have Crude up on supply info after a big downswing, +31 to 5221. The USD is back above 101 at 101.12.
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  3. Week of 1/7/2017 Closing prices & Chg Over Last Wk---- Gold $1173.40-- UP 21.70 Silver $16.52-- UP 54 Oil $53.99 -- UP 27 TICS USD $102.21 -- DOWN 7 Based on near term futures contract--- At JMB Current price AGE 2017 $1243.95 (1), SAE $19.53 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Paying a debt vs. discharging it?

Discussion in 'Central Banking & Fed Reserve' started by Ragnarok, Aug 10, 2016.



  1. Ragnarok

    Ragnarok I'd rather be Midas Member

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    Some random questions rattling around in my head. From my limited understanding a debt cannot actually be paid with federal reserve notes of debt, however it can be discharged (passed to another) with them?

    Is there actually a practical difference between paying a debt and discharging it? Why then use two different terms? Does it matter? Why/why not?

    Does that mean that everythjng one "buys" with federal reserve debt notes actually belongs to the note owner, the Fed, until actual payment is made?

    R.
     
  2. Joe King

    Joe King Gold Member Gold Chaser

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    Making a "purchase" is not the same as paying or discharging a debt.
    Debts are to creditors. When groceries are purchased at the Piggly Wiggly, it is not a debt that is being paid.
    If you "pay" with a CC, you are incurring a debt with the card issuer, not the store.
     

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