DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - does minting coinage incur federal reserve interest?

**CathBraunn** · 08-14-2012, 02:43 PM

say they mint 2 million dollars worth of quarters and put them in to circulation, does that incur interest to the fed? coins don't say 'fed note' anywhere on them, and they're minted by the treasury, right? just wondering if coinage is treated the same or not.

Lawful money has no usury attached.

Lawful is what is not forbidden.

Usury is forbidden.

Legally interest may be charged.

6% interest is legal.

Edited to add --- Some misguided souls will tell you that it is the SOCIAL SECURITY contract that establishes whether interest is due. These people have not thought entirely through the problem or the concept of "lawful" is foreign to them.

08-14-2012, 02:43 PM	#4
CathBraunn Join Date Oct 2005 Posts 445 Senior Member	say they mint 2 million dollars worth of quarters and put them in to circulation, does that incur interest to the fed? coins don't say 'fed note' anywhere on them, and they're minted by the treasury, right? just wondering if coinage is treated the same or not. Lawful money has no usury attached. Lawful is what is not forbidden. Usury is forbidden. Legally interest may be charged. 6% interest is legal. Edited to add --- Some misguided souls will tell you that it is the SOCIAL SECURITY contract that establishes whether interest is due. These people have not thought entirely through the problem or the concept of "lawful" is foreign to them.
	Quote