Posted by Szechwan on October 17, 1998 at 12:37:01:
In Reply to: Re: "IN GOD WE TRUST" posted by Two Cities on October 16, 1998 at 17:23:08:
"IN GOD WE TRUST", is, in effect, an insiders joke.
As FRNs are simple fiat money backed by "goods
and services"...fiduciary money [sic]for a fiduciary
economy. “Fiduciary economy exist when exchange
is largely by credit and when credit notes serve
as a substitute for money.”
: Silver certificates (genuine) are not imprinted with these words.
: Neither is a FEDERAL RESERVE NOTE (replica 1934)
: When did the usage originate?