Event JSON
{
"id": "7fcf56bdb4dc48c7b79c17c179d838d911b3435f09d40e97b90dcd9a8507c520",
"pubkey": "9b11aa1e5ce628e43d9c35391fa1f74893f7412996478fbc78137b6e26854cf8",
"created_at": 1739289365,
"kind": 1,
"tags": [
[
"p",
"3a8704731a0803d3e77f043b454c59856c1e2f207c0feeb6201c50e2fbedbcfa",
"",
"mention"
],
[
"p",
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],
[
"p",
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""
],
[
"e",
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"root",
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],
[
"imeta",
"url https://m.primal.net/ObEP.jpg",
"m image/jpeg",
"ox d96e388f2566ff226467d0463a5c657a891a0348e341ee7ff7a5714fd6e0ec2e",
"dim 961x1280"
]
],
"content": "The cartoon is wrong, a little:\n\nOnly about 5% of currency is physically represented. Most of it is electronic, only. Just a ledger statement.\n\nWhen the bank 'asks' for money from the Fed, following the cartoon's example, they present the Notes that borrower's signed, with an attached indorsement. These have appeared during Discovery in cases. There's an extra stamp:\n\n'Without recourse, by (title) /signed by bank official/ \nPay to the order of\nBANK OF AMERICA INCORPORATED' (or whatever the bank name is).\n\nThe Bank is a conversion facility. They take your pledge to pay (a promissory note) and convert it into FRN's. This is how the bank is double-paid: first by your Note, second by the Mortgage or Loan Agreement.\n\nnostr:npub182rsguc6pqpa8emlqsa52nzes4kputeq0s87ad3qr3gw97ldhnaqvzh00q nostr:npub1vvmmurtwafdksc6j5d5dwhp6dkz0ynm29mm67jgp0067ssxxcqks5y8548\n\nhttps://m.primal.net/ObEP.jpg",
"sig": "b7caa36a81b1b596312e8d10985b8e668ed365ca7b2740ff3f84e3e85190885604281e30c7a788cca8b08695ed5896a6e81c06697d4d40af58f5e1e34661d9d3"
}
