Posted 07/24/2011 7:36 pm
One irony no one else has touched on:
Even if you're a "good boy" and you spend every Dollar coin you buy from the Direct Ship program, they most likely will end up in the massive Federal Reserve stockpile anyway, just like they would if you'd immediately deposited them in the bank.
Even in a relative "Dollar coin haven" such as Denver (with millions of them circulating in the Denver Light Rail system alone), retailers do not load cash drawers with these coins or hand them out as change. Any Dollar coins I spend at a retailer will go to the retailer's bank the next morning, then on to the Fed.
So, how do you explain that "immediate bank deposit" of the coins is a 'violation' of the Direct Ship program's principle, when spending those coins sends them to the same destination?
Even if you're a "good boy" and you spend every Dollar coin you buy from the Direct Ship program, they most likely will end up in the massive Federal Reserve stockpile anyway, just like they would if you'd immediately deposited them in the bank.
Even in a relative "Dollar coin haven" such as Denver (with millions of them circulating in the Denver Light Rail system alone), retailers do not load cash drawers with these coins or hand them out as change. Any Dollar coins I spend at a retailer will go to the retailer's bank the next morning, then on to the Fed.
So, how do you explain that "immediate bank deposit" of the coins is a 'violation' of the Direct Ship program's principle, when spending those coins sends them to the same destination?
Edited by DNA
07/24/2011 7:37 pm
07/24/2011 7:37 pm
