VIDEO ON MSN MONEY
here is something you probably didn't know about the dollar:
if you spend a dollar a second, it takes about 11 days to spend a million dollars.
if you spend a dollar a second, it takes about 33,000 years to spend a trillion dollars.
the US is now in debt $17 trillion and has another $125 trillion in unfunded entitlement liabilities.
now, you do the math and tell me if there is anything to be concerned about here ...
"Despite what one would think would be only minor differences in the cost to make different denominations, the Federal Reserve says that $1 and $2 notes cost 5.5 cents each, $5, $10 and $100 notes cost 9.9 cents, and $20 and $50 notes cost 10.9 cents."
And the way that helicopter benny is going, that's about what each bill is WORTH.
END THE FED!!!!
why is it that the author neglected to mention the difference between a Federal Reserve Note and a U.S. Note?
It's all FIAT money....
"Permit me to issue and control the money of the nation and I care not who makes its laws."
— Mayer Amsched Rothchild, ...
Free health care:
Which is why I'm saving them. The ones made before 1982, have more copper in them, so they're worth more. In fact I no longer spend ANY coins made before 1980, even if they have a lot of nickel in them. The nickel coin is worth 6-8 cents in metal now. I can't wait to see what happens in a couple of years. BTW check your coins, when you get home from the store. So far this year, I have found TWO pre-1965 90% silvers quarters [worth over $4.30 a piece as of yesterday. And THREE pre-1965 silver dimes worth over $1.70 a piece, and this from one store] I don't know if it's true or not, but I have heard of small store owners getting real old gold and silver coins at face value, because some IDIOT teenagers found or stole a box of old coins that some old person had been saving, and decided to spend them, not having a clue on what these coins were worth. But man oh man, the owner sure knew what they were worth.
Because the ONLY SERIOUS thing the fed cares about, is HOW MUCH MONEY IT CAN SHOVE ONTO THE PUBLIC BEFORE THE PUBLIC WISES UP. You REALLY think the fed CARES? If you do, I know of a bridge between Brooklyn and Manhattan that I want to sell you.
It was an informative article that fell short.
The comments made are all doing their usual complaining no matter what the topic.
Some articles are just entertaining while being informative. In this case it was about currency.
Where it fell short was not delving into the metallic threading they had , the ways to hold it to the light to read twenty, fifty etc, . The way the stores use the markers to put a mark on the currency . The process behind that. Maybe that's revealing too much to potential counterfeiters.
When Canon Color Laser Technology came out it was perfected so much that they added "counterfeit mode to detect money, negotiable stocks and bonds, because the copies were equal to the originals.
At the end of each CLC course we had to sign "I shall not agreements" I shall not copy currency , negotiable stocks , bonds, and other government documentation. We were the ones able to tweak the machines to make higher quality copies undetectable from the originals. The key was having the rare 'paper' and a few other tricks. Needless to say I would never be stupid enough to make money especially when they could trace it to the machines that produced it and our names were on file.
My point is I understand money and it's production.
What could have improved this article ten fold would have been discussing Silver Certificates, Gold Certificates, also known as Blue Dot and Red Dot currency. I remember the days I would come across a silver certificate ten dollar bill and instantly sell it for $18. I used to sell coins for a friend to many collectors I knew and took all my commissions in silver coins. (pre-65) coins . I don't know how many people remember the Hunt brothers who manipulated the silver market and spiked the value from around $3 per oz. to over $20. I acquired quite a bit of silver coins and cashed out around $18 per oz. while another friend who was hoarding as well held on. It all peaked around $22 and the Hunt brothers were caught and silver plummeted back to around $4 per oz. That was in the late 70's and took about 25 years to get back to where it was.
Discussing more about how too many banks were issuing their own form of currency and how the US mints came to be would have made a so-so article an excellent one.
BTW. CLC technology is still around but too costly to be profitable and has been replaced by current methods that still create beautiful color copies at a fraction of the cost and at much higher speeds.
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[BRIEFING.COM] Equity indices strung together a daylong rally on Tuesday, giving the S&P 500 its sixth consecutive advance. Some selling during the final hour of action pressured the indices from their highs, but they still ended with the bulk of their gains. The benchmark index added 0.4% with eight sectors finishing in the green, while the Nasdaq (+1.0%) outperformed throughout the session.
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