What are the money specifics involving the Federal Reserve Note?

A Federal Reserve note is a monetary instrument that is recognized as currency by the United States and most other countries of the world*. It is "legal tender" in that all payments of debts within the US may be paid with FRN's. It is technically a promissory note issued by the Federal Treasury through the Federal Reserve System, a nominally autonomous agency of the US government, and backed by the "full faith and credit" of the United States. (* The US government, although committed to redeem these notes, has established restrictions on the type and amount of cash transactions by its citizens.) On the Legal Nature of NotesFirstly, the Word "note" is defined in the Oxford dictionary in its seventh entry as a "promissory note, written promise to pay, co-signed promissory note, IOU, or note of hand. The real problem with the Federal Reserve Note is that the currency was foisted upon the public without teaching them the ramifications except in abstruse books like "The General Theory of Money, Interest, and Employment". While the public may not be deceived, it must contend with what is created by the hierarchy. The details of the concept of money are not complex, but too many details can cause people to lose interest. Moreover, the note factor means that instead of legalizing a certificate in 1930, the hierarchy legalized debt and took out gold as the specie. "This note is legal tender for all debts public and private" is the legal provision written on the face of the FRN. In other Words, the paper was made into "Fiat or legal" currency.