Long Silver John

Move Over Fed, California's Now Printing Its Own Money

If you look at old Confederate Money, it promised to pay in gold 2 years after a peace treaty was signed with the United States.

Move Over Fed, California's Now Printing Its Own Money

The only difference I see between Registered Warrants and Federal Reserve Notes is that the Warrants pay a smidgeon of interest. It will be interesting to see if they start trading below par value.... wonder if the banks will redeem at par? Or if the local grocery store will take them at par?