Money

[Benny2guns]

money (banknotes) have always been
a credit note. on the english notes it tells you so;

it says; "i promise to pay the bearer" all it is is a promissory note.
it's used in lieu of goods.

as long as i get x amount of goods for x amount of currency i don't care how much of it has been printed.

Thats because the English bank has used the fractional system for long before the fed Bill. The same people run them both.