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Posts Tagged ‘Bureau of Engraving and Printing’

WiredFrom the January 10, 2013 Wired.com article, Meet the Genius Behind the Trillion-Dollar Coin and the Plot to Breach the Debt Ceiling:

Ever the lawyer, Beowulf dived into Title 31 of the U.S. Code: “Money and Finance.” That Journal article was still rattling around in his head. He was also inspired by ideas from attorney-turned-finance-author Ellen Brown, who in her 2008 book Web of Debt quoted a 1980s-era director of Treasury’s Bureau of Engraving and Printing as saying the government could solve its debt problems by printing large coins. He wasn’t talking about circumventing the debt ceiling, which hadn’t yet become a political football, but he may have been on to something.

Wherein they linked to my 2011 article, Ellen Brown on a simple and constitutional way to pay off the United States national debt.

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There is a lot of talk these days about all the money the Federal Reserve is allegedly ‘printing’.

From the Federal Reserve’s own words at http://federalreserve.gov/generalinfo/faq/faqcur.htm#1:

“Does the Federal Reserve produce bank notes and coins?
No, the Federal Reserve does not produce bank notes or coins. The Bureau of Engraving and Printing (BEP) produces currency and stamps, and the U.S. Mint produces our nation’s coins. The Federal Reserve issues Federal Reserve notes and places them in circulation.”

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