This actually could be quite significant news. Without a treasurer, the required two signatures cannot be present. In other words, new money cannot be printed. Think of it like a business needing the designated signer to sign off on paychecks or expense checks etc. If the business requires 2 signers and there's only one, nothing can be authorized. So if the US government has continued to print NEW money this year, without the legally required two signature authorization, then those banknotes are fraudulent and hold no value. If the government cannot print more money without the signatures, then how exactly are they 'creating" the currency necessary to continue expanding the deficit? It's one thing for the Monopoly Bank to just keep printing more money by writing IOUs on scraps of paper, but in this case the Monopoly game rules explicitly require a condition for that money to be legitimate, and it's not being met...
Could it be that this is done on purpose, if the government prints money with illegitimate signatures on the bills, would they be adding counterfeiting to the list of charges! The bills would not be valid tender and that would give the Secret Service the right to finally drop the hammer!
This actually could be quite significant news. Without a treasurer, the required two signatures cannot be present. In other words, new money cannot be printed. Think of it like a business needing the designated signer to sign off on paychecks or expense checks etc. If the business requires 2 signers and there's only one, nothing can be authorized. So if the US government has continued to print NEW money this year, without the legally required two signature authorization, then those banknotes are fraudulent and hold no value. If the government cannot print more money without the signatures, then how exactly are they 'creating" the currency necessary to continue expanding the deficit? It's one thing for the Monopoly Bank to just keep printing more money by writing IOUs on scraps of paper, but in this case the Monopoly game rules explicitly require a condition for that money to be legitimate, and it's not being met...
Could it be that this is done on purpose, if the government prints money with illegitimate signatures on the bills, would they be adding counterfeiting to the list of charges! The bills would not be valid tender and that would give the Secret Service the right to finally drop the hammer!
I like it!