• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Paying a debt vs. discharging it?

Ragnarok

I'd rather be
Midas Member
Joined
Mar 31, 2010
Messages
5,563
Likes
4,413
#1
Some random questions rattling around in my head. From my limited understanding a debt cannot actually be paid with federal reserve notes of debt, however it can be discharged (passed to another) with them?

Is there actually a practical difference between paying a debt and discharging it? Why then use two different terms? Does it matter? Why/why not?

Does that mean that everythjng one "buys" with federal reserve debt notes actually belongs to the note owner, the Fed, until actual payment is made?

R.
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
6,040
Likes
6,084
Location
Instant Gratification Land
#2
Does that mean that everythjng one "buys" with federal reserve debt notes actually belongs to the note owner, the Fed, until actual payment is made?
Making a "purchase" is not the same as paying or discharging a debt.
Debts are to creditors. When groceries are purchased at the Piggly Wiggly, it is not a debt that is being paid.
If you "pay" with a CC, you are incurring a debt with the card issuer, not the store.