clipped from: www.fdrs.org   
The Commercial Banks

According to GAAP, 2003 edition, page 41 under the section Cash and Cash Equivalents it states that “ANYTHING ACCEPTED BY A BANK FOR DEPOSIT WOULD BE CONSIDERED AS CASH”. This includes promissory notes, same as Federal Reserve Notes.

Debt Termination Education

Money should be backed by real gold or silver, not created out of and backed by nothing. In this way it cannot be easily counterfeited. Our Forefathers fought to protect us from this exact same evil, and outlined it in the U.S. Constitution - Article 1, Section 10, Clause 1: No state shall enter any Treaty, Alliance or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts...