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(1) In short, its liabilities—Federal Reserve Notes— are standard money.

(2) The actual amount of currency outstanding -- those Federal Reserve notes that we all carry in our wallets -- has increased by only 7% over the past year.

(3) Federal Reserve notes must be made 100%redeemable in gold as of a fixed date, and at a rate determined by the market priceon that date.

(4) Federal Reserve Notes, the legal monopoly of cash or "standard, " money, now serves as the base of two inverted pyramids determining the supply of money in the country.

(5) The nation's total money supply at any one time is the total standard money (Federal Reserve Notes) plus deposits in the hands of the public.

(6) Until early 1968, the United States backed its Federal Reserve notes with 25 percent gold, but this did not mean that citizens could use gold as money or covert paper dollars to gold.

(7) Since August, Federal Reserve notes -- also known as dollars -- have only increased to $862 billion from $793 billion.

(8) Representative Paul, less diplomatically, refers to Federal Reserve notes as "counterfeits" and to the Fed as a price fixer.

(9) At best he'd smile politely, and then roll around in his fresh pile of Federal Reserve Notes.

(10) Not only that; since the U.S. abandonment of the gold standard in 1933, Federal Reserve Notes have been legal tender for all monetary debts[sentencedict.com], public or private.

(11) We've centralized the note issue in the United States starting in 1913 with the Federal Reserve Board so your notes that you see are called Federal Reserve Notes.

(12) If the currency is returned to the Federal reserve, reserve accountsare credited and Federal Reserve notes are taken out of circulation.

(13) ... But then at the University of Michigan, they started to burn Federal Reserve Notes.

(14) But at the same time, under the law... and the laws says that the Federal Reserve notes are legal tender and everybody has to obey all he laws doing it, because a Federal Reserve note is a dollar.

(15) The gold stock of the Fed should be revalued upward so that the gold can pay off all the Fed's liabilities—largely Federal Reserve Notes and Federal Reserve deposits, at 100 cents to the dollar.

(16) The Fed is in the rare and enviable position of having its liabilities in the form of Federal Reserve Notes constitute the legal tender of the country.

(17) On the liability side, there are also two major figures: Demand deposits held by the commercial banks, which constitute the reserves of those banks; and Federal Reserve Notes, cash emitted by the Fed.