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33 Fascinating Facts On U.S. Currency

Tyler Durden's picture




 

The United States Bureau of Engraving and Printing makes approximately $696 million in currency each day. Amazingly, according to their very fitting website MoneyFactory.gov, in the fiscal year of 2014 they printed over $2.2 billion in $1 bills alone. It’s good practice, because with concerns of deflation circulating around Europe and Asia, the Feds may want to put the printing presses into overdrive.

 

Courtesy of: Visual Capitalist
 

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Mon, 09/07/2015 - 20:33 | 6520531 JustObserving
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Where is the fact that US debt is $210 trilion per Kotlikoff? Isn't that a fascinating fact?

Mon, 09/07/2015 - 20:35 | 6520542 TeamDepends
TeamDepends's picture

34) It is backed by debt, which is less than nothing.

Mon, 09/07/2015 - 21:04 | 6520664 Victor E. Overbanks
Victor E. Overbanks's picture

35) Filled with images of the "Star of Remphan"(more commonly known as the star of david) inscribed in circles(hexagrams). Don't hold it in your right hand if you are christian. Lol.

Image: http://i.imgur.com/GWj9x5b.jpg

Mon, 09/07/2015 - 21:25 | 6520760 MalteseFalcon
MalteseFalcon's picture

We need a woman on the $10 bill and I nominate Queen Elizabeth.

She has currency experience.

Mon, 09/07/2015 - 21:41 | 6520821 coinhead
coinhead's picture

35) ZH members claim to hate the Fed but they're liars and they secretly love their bank notes.

Mon, 09/07/2015 - 22:05 | 6520922 38BWD22
38BWD22's picture

 

 

A couple more fun facts:

-- those machines at banks (and your LCS) that count FRNs also can detect fakes.  Used machines cost some $400 each someone told me.

-- Franklin's cloak (the lines under his portrait) on the new $100 are "tacky", you can run your nail over that part of the bill, it feels grainy or different than the rest of the FRN, as another quick check to see if legit.

Mon, 09/07/2015 - 22:40 | 6521060 junction
junction's picture

"She has currency experience.'

So do call girls who use currency to snort blow.

Tue, 09/08/2015 - 01:12 | 6521367 Edward Quince
Edward Quince's picture

I am unconcerned as long as Americans don't adopt the coin-purse fetish of Canadians and limp-wristed Europeans. While it is not material in those countries, it is a fact that coins are not federal reserve issuance and are thus not subject to our debt obligation scheme. As long as treasury issues coins that confuse abject dolts, they pose no threat. So please return to your iphone line, or whatever it is you imbeciles do when you're not tending bar.

Tue, 09/08/2015 - 06:07 | 6521620 White Mountains
White Mountains's picture

Well it's also backed by people with guns who are on the payroll.

Mon, 09/07/2015 - 20:42 | 6520559 JustObserving
JustObserving's picture

End to end, 210 trillion will reach the sun 214 times. And the moon 83,000 times.

Mon, 09/07/2015 - 20:42 | 6520568 junction
junction's picture

Will this factoid posting reappear next Labor Day?

Mon, 09/07/2015 - 20:49 | 6520591 WarPony
WarPony's picture

Factoid 34: frns are a lien on the citizens

Factoid 35: POTUSs who oppose frns die

Factoid 36: frns are a lien on citizens, backed by fedresv assets and ability to tax

Factoid 37: Citizens can change this

Mon, 09/07/2015 - 23:51 | 6521212 Oscar Mayer
Oscar Mayer's picture

FRNs are not a "lien on the citizens", they are a lien on the assets of the Fed.

FRNs are owned by the USG and backed by the full faith and credit of the USG as represented in the US Treasuries and Gold Certificates the Fed is obligated to provide as backing for the notes it receives from the Treasury.  FRNs are not debt, they are the legal tender, the Unit of Account and Final Payment for all debts, public and private.  And yes, the legal tender that the government owns is what it owes in payment for its debts.  Which also means, there is absolutely no reason for the USG to be in debt in the first place, it owns the money.

Neither the Fed or the banks have the legal authority to create money.  They can, however, create credit. a derivative of the legal tender denominated in dollars.  The credit they generate holds no legal status as money or a currency.  100% of all inflation is driven by credit expansion, the legal tender has nothing to do with it.  Reserves are held to offset a potential rise in public demand for the legal tender (cash) and are not used for any other purpose.  They are not used to expand credit, if they were, then they would no longer be reserves but assets held as backing.  Fractional reserve banking has absolutely nothing to do with credit creation, euphemistically referred to as "Creating Loans".  The "money multiplier" is a fiction.  Banks are not intermediaries between savers and borrowers, they do not sit around waiting for someone to make a savings deposit just so they can make a loan.  Banks create both demand and savings deposits, when they create the credit used as loans.  All deposit accounts are credited accounts, they are all bank debt, with not a penny's woth of money in any of them.

http://carl-random-thoughts.blogspot.com/

the Frog


Wed, 09/09/2015 - 18:27 | 6528489 WarPony
WarPony's picture

Semantics, but, yes, a lien on citizens in a roundabout way:

You say "backed by the full faith and credit of the USG"

- where the USG is the taxing authority and where failure to pay tax results in a tax LIEN.  The full faith and credit of the USG is largely supported by taxation and"all powers not delegated to the United States by the Constitution . . . are reserved to the States respectively, or to the people."  People/citizens being the responsible party as power flows from the people to the government.  So, where frns are a lien on the assets of the Fed and backed by the USG, and where the USG can and does tax citizens to fulfill its monetary obligations, and where the Govt. is merely an extension of the citizens, well ....

 

Alternatively, considering that citizens' birth certificates are apparently U.C.C. warehouse receipts and negotiable paper registered with the Dept. of Commerce of a bankrupt U.S.A. corporation and pledged as collateral - as evidence of the citizens' ability to be taxed, and said tax receipts/collateral also being much of the "full faith and credit" - frns are certainly a lien upon the citizens.

 

I mean, I understand what the statutes express, but the reality is that Citizens ultimately are the ones who pay for the privilege of a private legal-tender supply.

Thu, 09/10/2015 - 11:32 | 6531331 Oscar Mayer
Oscar Mayer's picture

You've hit upon the fraud of the CREDIT SYSTEM, not to be confused with the legal tender money.

And you really shouldn't write with the assumption that other people don't know how to read.

Tue, 09/08/2015 - 02:08 | 6521444 OldPhart
OldPhart's picture

Factiod 38:  There is enough paper to fashion enough rope to hang every banker, Fed member and every official in government.

Mon, 09/07/2015 - 20:37 | 6520549 coast
coast's picture

djia futures are up 120 points..... keep printing that money bitches...and when it all falls apart, blame china.

Mon, 09/07/2015 - 20:52 | 6520603 knukles
knukles's picture

Everybody needs a straw-man and a hug. 

Mon, 09/07/2015 - 20:43 | 6520563 Peter Pan
Peter Pan's picture

What about Fact 34 and how many round trips to the moon and back one can make by joining all the US banknotes end on end or how a stack of $1 trillion in one dollar notes is about 67000 miles high.

 

Mon, 09/07/2015 - 22:13 | 6520961 cyberfossil
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The stack of Fed banknotes from 33 Liberty with the all seeing eye might reach the moon but the Mason Astro-Nots of NASA never have, as proven with Parallax studies:

http://freemasonry.bcy.ca/biography/spacemason/

http://www.aulis.com/stereoparallax.htm

A Stereoscopic method of verifying Apollo lunar surface images

University Kharkiv by OLEG OLEYNIK, Ph.D.c
Previously of the Department of Physics and Technology
Kharkov State University, Ukraine

An error estimate is now performed. Assuming that this is a real lunarscape, then the distance from the astronauts to the lunar horizon should be 1.5 kms and the distance to the objects in the background, such as the foot and summit of Mount Hadley, is 20-35 kms.

The offset of 100 sampled pixels below the horizon is calculated – the AB line, obtaining an average shift ± a pixels (depending on the image resolution). The shift magnitude obeys Gaussian distribution, meaning this is noise.

A sample of 50 points is selected above the line (AB), i.e. objects located at a distance of 20-35 kms. Giving an offset value of (10-50)a pixels. The shift direction has a vector and is not subject to Gaussian distribution. Moreover, the higher a dot the greater value of the shift – at the foot it is 10a, at the top 50a pixels.

It is logical to assume that if any lunar objects at the interval [0.01; 1.5] kms are static, the noise amounts to ± a, the parallax is zero, then for more distant objects at the interval [20; 35] kms, the parallax is likewise zero with the same value of noise, i.e. the shift is ± a pixels and the shift value obeys a Gaussian distribution.

However, the results indicate otherwise. Objects above the (AB) line are moving synchronously with increase in shift depending on the height above the horizon.

Conclusion: Mount Hadley moves and ‘bows’. The wrong initial assumption was probably made that this is a real lunarscape. As this research demonstrates, this setting must be a totally artificial panorama, several tens of metres in depth with a mock ‘Hadley’ in the background, moving horizontally and vertically to create an illusion of remoteness and of perspective.

Tue, 09/08/2015 - 01:28 | 6521396 l8apex
l8apex's picture

Sweet jesus.  How much free time do you have in your life to post this kind of crap?  how about doing something productive with all of that time?  

 

OK, I now believe you that the moon landing was faked.  Can you come and dig a ditch for me now that you have some spare time?

Tue, 09/08/2015 - 06:34 | 6521635 cyberfossil
cyberfossil's picture

18Apex I am American and live in a famous beach resort in an undisclosed location outside the USA-have plenty of time between stacking and surfing.    I dig research and appreciate lifetime learning rather than mind enslavement.  I also like to dig my feet in the sand quite often, however.  I used to be like you--come to the light, my friend.  Spare time is a good thing--it's the bankers and their masters who want you to think otherwise.  Stop clenching so hard and enjoy life and learning again--question everything..

Here is something to get you on a lighter note, Astro-Nots Gone Wild!

https://www.youtube.com/watch?v=weFpGufxq0I

Mon, 09/07/2015 - 20:41 | 6520565 Normalcy Bias
Normalcy Bias's picture

Also found on bills: fecal matter. A 2002 report in the Southern Medical Journal showed found pathogens — including staphylococcus — on 94% of dollar bills tested.

The most common microbes found on paper money include mouth microbes, vaginal bacteria, and fecal matter. The former is likely due to the licking of fingers to separate new bills; the two latter due to people not washing their hands after using the bathroom. Also found were bacteria that cause stomach ulcers, staph infections (including MRSA) and acne.

http://www.askdrmaxwell.com/2014/05/bacteria-on-money/

...So go ahead and lick those fingers while you count those bills. Mmmm MMMMM!

Mon, 09/07/2015 - 21:32 | 6520789 MalteseFalcon
MalteseFalcon's picture

Counterfeiters take note: add fecal matter.

Mon, 09/07/2015 - 20:42 | 6520566 cyberfossil
cyberfossil's picture

Oh, 33 facts about our wonderful Federal Reserve unbacked, fiat currency.  Not 32 or 34?  You mean like runway 33 where NASA lands the space shuttle?  Fact #18 is the All Seeing Eye of "Divine Providence"?  Which Divine figure would that be?  What a "Koinkadink", don't ya think?  Merika, f' ya!

Mon, 09/07/2015 - 20:47 | 6520580 palmereldritch
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Brought to you by

33 Liberty

http://www.newyorkfed.org/contacts/index.html

 

Mon, 09/07/2015 - 21:23 | 6520691 cyberfossil
cyberfossil's picture

Sonuvabitch--what a surprise.   And also the "New Order"

Check out #20---13 is also the UN Flag # of Leaves which also has 33 sections on its geocentric map:

 

https://www.google.com/search?q=united+nations+symbol+13+leaves&tbm=isch...

 

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_illuminati_...

 

 

 

 

 

Mon, 09/07/2015 - 20:44 | 6520571 Mostly Harmless
Mostly Harmless's picture

Seems a bunch of things changed in our money system around the time of the "Civil War".  I wonder if the root of our economic and political upheavals could be traced to that time?

Mon, 09/07/2015 - 21:08 | 6520689 froze25
froze25's picture

Sure can, 1933 was also huge.

Tue, 09/08/2015 - 02:11 | 6521446 OldPhart
OldPhart's picture

1913 was huger.

Tue, 09/08/2015 - 11:41 | 6521844 cyberfossil
cyberfossil's picture

Duplicate Post

Tue, 09/08/2015 - 08:31 | 6521894 cyberfossil
cyberfossil's picture

Hmmm.  '33 and '13 ---- once again, the Rothschilds and their Federal Reserve dusted off their numerological Free Masonry calendar for these special occasions.

Mon, 09/07/2015 - 22:33 | 6520972 earleflorida
earleflorida's picture

shortly after the 'civil war' ended, lincoln needed lots of money to pay for the war. he approached the rothschild's of europe which wanted a large % for interest (int. rate was in the high single digits[ i'm  not quite sure, but?]).  so, lincoln decides to set up regional banks whom were responsible for reporting daily/weekly/ biweek to the US Treasury.

he was assasinated less than a week later...

note: this link isn't exactly what i wanted but it gives you an unsavory` flavor of what treachery lincoln was up against...

http://rense.com/general78/brudt.htm

jmo

Tue, 09/08/2015 - 00:56 | 6521341 Macon Richardson
Macon Richardson's picture

Gee, Earl, what did Lincoln need all that money for after the civil war ended? Lincoln was dead and in the ground when the war ended. He was not pining for the fiords. He had passed on. He was no more. He had ceased to be. He'd expired and gone to meet his maker. He was a late president. He was a stiff. Bereft of life, he rested in peace. he had run down the curtain and joined the choir invisible. He was an ex-human.

But thanks for the huge laugh you gave me. It's great to read some of this stuff.

Mon, 09/07/2015 - 20:47 | 6520585 OC Sure
OC Sure's picture

 

 

 

Item 30 is not factual. 

Derp.

 

Capitalism is conceptual, not [perceptual] visual.

Mon, 09/07/2015 - 20:52 | 6520605 cyberfossil
cyberfossil's picture

Nothing about the Kardashians in this article--how much currency do they drain from the productive economy?  --Just trying to increase the number of hits on the buzzfeed for your Masonic Demonic, useless article by throwing in the "K" family.

Mon, 09/07/2015 - 21:29 | 6520777 MalteseFalcon
MalteseFalcon's picture

I've changed my mind.  I want Kim Kardashian on the $10.

But only her ass.

Mon, 09/07/2015 - 21:41 | 6520829 Albertarocks
Albertarocks's picture

Good idea.  A reminder to Kim what paper currency is good for.

Mon, 09/07/2015 - 22:38 | 6521049 Head_Shots_Work
Head_Shots_Work's picture

Maltese is pawning this article! ha ha ha!

Mon, 09/07/2015 - 21:09 | 6520617 palmereldritch
palmereldritch's picture

They're kinda cheating there with their explanation of the $10,000 note.

http://www.antiquemoney.com/value-of-1934-100000-gold-certificate/

Especially considering Woodrow Wilson was the FED's Pappy and they really consider themselves to be the true government...

Fact No. 33 ... how appropriate

Tue, 09/08/2015 - 00:06 | 6521265 cynicalskeptic
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US banknotes greater than $100 were rare and the gold certificate series was only issued for internal banking and Treasury use.

One of the reasons for a push to eliminate currency and go to all electronic currency (in my opinion) is that currency serves as a VERY OBVIOUS sign of severe inflation.   The US dollar today is worth  less than a few cents of similar buying power in 1913.  But few people realize that.  The house my randparentd paid $14,000 for in 1948 and my parents paid $29,000 for in 1969 did not magically become worth over $500,000 in 2005.  The $US dollar bought less and less as time passed - yet 'that inflation costs you in lost value AND in 'capital gains' tax which presumes things are worth MORE when it is INFLATION at work - the currency losing value.

A clear sign of hyperinflation is the ever increasing number of zeroes on printed banknotes.  Zimbabwe at its worst issued a $Zim 100 TRILLION banknote - after restarting its currency issuance TWICE before that.

We're now seeing continual 'stealth' inflation with actual inflation numbers vastly underreported and a stated GOAL of 2% inflation.  Inflation is GOOD for DEBTERS.  It's EASY to pay off trillions of debt when a loaf of bread costs a billion dollars.  Banks used to HATE inflation - the loans they had outstanding would be paid back with less valuable dollars.   Now banks LOVE inflation because they thenselves no longer hold debt - they securitize it and sell it to 'investors'.  The whole financial industry - and government - live off DEBT.   Without neverending and everincreasing debt, they would be insolvent because in thruth there is no way to pay back all they have borrowed if there was no inflation.

Mon, 09/07/2015 - 20:54 | 6520619 ozziindaus
ozziindaus's picture

34) Don't bet against the $USD. I told you motherfuckers this a long time ago and got 10+ thumbs down. 

35) Dollar is not done ravaging other currencies

36) Dollar strength will finally come home to roost and be the demise of the US economy

Mon, 09/07/2015 - 22:07 | 6520932 38BWD22
38BWD22's picture

 

 

I remember that you and buzzsaw99 made those predictions, you both were right.

Mon, 09/07/2015 - 21:05 | 6520669 joego1
joego1's picture

I only like the story about the coins made of pure pm's.

Mon, 09/07/2015 - 21:28 | 6520768 agent default
agent default's picture

The largest note was $100000 used by federal reserve banks and never circulated.  That statement alone proves the total fraud that is the Fed.  This thing alone should be enough reason to shut them down overnight.

Mon, 09/07/2015 - 21:28 | 6520772 CuriousPasserby
CuriousPasserby's picture

Has anyone else noticed that lately most currency is pretty much worn out and dirty? Not many clean crisp bills anymore. Two bankers I asked noticed the same thing. Are they running out of paper and ink.. or...?

Mon, 09/07/2015 - 21:30 | 6520780 kchrisc
kchrisc's picture

Change "In God We Trust" to "In Zion We're Doomed."

I personalty believe that the "eye" atop the pyramid on a dollar bill proves that the shysters behind the Federal Reserve, and their slither friends in government were quite aware of the con and grift they were foisting upon the American people, and thought it funny.

When the game is up, and the joke depleted of laughter, I will post this same "all seeing eye on a pyramid" atop my guillotine for those walking up its steps to see and ponder.

They think that they are watching us, but it is us, the people, who are watching them.

Zion is a scheme, not an ethnicity..

Mon, 09/07/2015 - 22:18 | 6520977 Usurious
Usurious's picture

NWO

 

'The phrase Novus ordo seclorum (English pronunciation: /?no?v?s ??rdo? s??kl??r?m/) Latin for "New order of the ages") appears on the reverse of the Great Seal of the United States, first designed in 1782 and printed on the back of the United States one-dollar bill since 1935.'

wiki

Mon, 09/07/2015 - 21:30 | 6520781 cyberfossil
cyberfossil's picture

Fact #911 You can fold any bill except the $2 Bill and come up with some interesting and remarkably accurate representations of certain famous scenes from American history that had not happened yet at the time the currency was made:

http://topinfopost.com/2013/05/19/strange-but-true-twin-towers-and-911-o...

Mon, 09/07/2015 - 21:33 | 6520795 squid
squid's picture

"No African Americans have ever appeared on paper money".

Who the fuck cares?

No one legged, black muslim lesbian has ever appeared on the money either!

 

Again, who the fuck cares.

 

Sheese....

 

Squid

Mon, 09/07/2015 - 22:27 | 6521009 MalteseFalcon
MalteseFalcon's picture

Put a black on the $10,000.  Replace Salmon Chase.  It won't circulate anyway.

Mon, 09/07/2015 - 22:42 | 6521063 Head_Shots_Work
Head_Shots_Work's picture

No former olympic athlete fucking dude castrated whatever the fuck he is now - will be on a bill in 2020. it will become a common catch phrase -that will cost you 10 jenners or 1 kardashian (her notes are bigger -because - well - you know). 

Mon, 09/07/2015 - 22:44 | 6521068 SSRI Junkie
SSRI Junkie's picture

they got postage stamps covered pretty well...glad i don't have to lick'em

Tue, 09/08/2015 - 02:16 | 6521451 OldPhart
OldPhart's picture

LOL!!

 

Mon, 09/07/2015 - 21:57 | 6520884 Not My Real Name
Not My Real Name's picture

I bet Michael Snyder is kicking himself for not thinking of writing this list article first.

Mon, 09/07/2015 - 21:56 | 6520887 RiverRoad
RiverRoad's picture

Print it and they will spend?  Whatever happened to the "velocity of money"??

Mon, 09/07/2015 - 22:01 | 6520905 tarabel
tarabel's picture

 

 

This little factoid article provides a useful guide to market timing the collapse.

As soon as Robert Mugabe's portrait shows up on a bill, it's definitely over.

Mon, 09/07/2015 - 22:04 | 6520911 no1ninja
no1ninja's picture

The reason 2.2 Billion $1 notes get printed is because those are the notes that wear out the fastest and are treated the shabbiest.    Manny of these get pulled and reprinted.   (probably at a loss)

Mon, 09/07/2015 - 22:04 | 6520913 Eahudimac
Eahudimac's picture

You forgot the god of Moloch owl sitting on the shield around the "1" in the upper right corner of the dollar bill.

http://www.libertyforlife.com/religion/bohemian_club_and_bohemian_grove.htm

Mon, 09/07/2015 - 22:13 | 6520958 large_wooden_badger
large_wooden_badger's picture

Factoid #Infinity: All FRNs of all denominations are only a promise to provide human capital of equal value at some point in the future. Backed by nothing but human chattel, taxpayers that is.

Mon, 09/07/2015 - 22:59 | 6521129 ULLR
ULLR's picture

They forgot muloch (the owl god of child sacrafice) hidden on the one dollar bill.

Mon, 09/07/2015 - 23:05 | 6521133 CoolClo
CoolClo's picture

Wildrow Wilson was placed on the $100,000 bill as a token to him for ramming through CONgess the Owens-Glass Act (Federal Reserve Act),  on the eve of December 23, 1913.

Mon, 09/07/2015 - 23:01 | 6521136 cyberfossil
cyberfossil's picture

Can the author shed any fascinating facts whatsoever on where the Pentagon "lost" $8.5 T-T-T-Trrrrillllion Dollars of currency?

http://topinfopost.com/2015/06/06/the-pentagon-cannot-account-for-8-5-tr...

Mon, 09/07/2015 - 23:21 | 6521184 FedFunnyMoney
FedFunnyMoney's picture

If we switched to polymer style notes that Canada and Australia use, the pathogen problem would be solved. But why waste a good false flag opportunity, eh?

Mon, 09/07/2015 - 23:43 | 6521228 cynicalskeptic
cynicalskeptic's picture

That would also prolong the life of notes.  Note that almost all countries use COINS for denominations in the range of $1-$2 or equivalent purchasing opwer.  Coins last FAR longer than banknotes and are handled far differently (stored in vaults that are less secure and handled differently in transit because they are far more difficult to handle and steal because of their relative weight). 

BUT the US has resisted replacing the $1 bull with a coin (a mandatory replacement with no more $1 buills printed).  Doing so is a vivid reminder of how little the $US is worth - a pointed reminder of inflation.  The same reason is why the penny continues to be minted though it costs more than one cent to make and businesses now regularly ignore them, rounding off to 5 cent increments (remember when businesses were scrambling to get pennies so they could give change - back when people were dumoing them out of their pockets and leaving them in jars?)  Now busoinesses don't care.  The rounding loss is immaterial. (I remember when 5 cents bought a candy bar...... no more).

US currency is far behind the state of the art - most foreign notes are different sizes (accommodating the blind) with far better security features to prevent counterfeiting with many being printed on Tyvek or similar polymer sheets that last more than linen-cotton paper.

The BEP could cut costs drastically by dumping the $1 bill and using polymer notes but no..........

 

BTW since the 1980's the number and quality of counterfeit $100 notes has been a real problem......  actual intaglio presses are used for some (possibly from Iran or N. Korea) with very good counterfeits coming out of South America as well.  In places like Africa there are more counterfeit $US 100's than real.   They are still valued more tha local currency and readily exchanged.   This is reminiscent of the early history of banknotes in the US where individual banks NOT the US government issued banknotees (promises to pay gold on demand).  Counterfeits of notes from 'Good Banks' were worth more than real notes from 'bad' banks.   The further you got geographically from an issuing bank, the less a note was worth.  Published guides wer issued regularly to identify various notes, known counterfiets, 'Bad' or fictitious banks and more.   Despite this insanity, the economy STILL functioned without a central bank for almost 100 years. 

Tue, 09/08/2015 - 00:37 | 6521308 cyberfossil
cyberfossil's picture

Mr. Cynical Skeptic, you talk a good game and have great knowledge of currency history and proper currency design.   But you, Sir, are no friend of Mr. Mariner Eccles and the fine folks at 33 Liberty Street.

Mon, 09/07/2015 - 23:44 | 6521227 northern vigor
northern vigor's picture

I read a book on the TD Bank printed in the 1950's about it's 100 th year history. In 1862, the US government's credit was looking pretty bad and they needed gold. The TD's main competitor, the Bank of Montreal loaned all their gold to Lincoln at ridiculous high interest rates. Then they took the new US paper dollars as collateral, and loaned them to arms manufacturers that were desperate for credit. 

This article's point about the US starting to print paper dollars in 1862, reminded me of that.

Tue, 09/08/2015 - 00:34 | 6521302 cyberfossil
cyberfossil's picture

Mr. Northern Vigor, you are correct, sir.  Debt based currency and bankers have enabled most wars and funded all major wars in recent history since the time of Napoleon.  War profiteering is one of the banksters'favorite way to make money by enslaving and killing people:

 

http://www.businessinsider.com/the-rothschild-gang-shadow-conspiracy-or-...

Tue, 09/08/2015 - 07:20 | 6521715 Who was that ma...
Who was that masked man's picture

So what?

Tue, 09/08/2015 - 07:44 | 6521772 roadhazard
roadhazard's picture

Don't worry, according to ZH cash is going to disappear. heh

Tue, 09/08/2015 - 08:28 | 6521878 gcjohns1971
gcjohns1971's picture

 

Curiously, the ratio of physical cash to M2 money supply has been a consistent 10% ratio for several years.

Curious that they would adhere to a 10% reserve ratio against M2 rather than the unpublished M3.

Why? Well because this is what they say M2 consists of:

M1
  • + Savings accounts
  • + Certificates of deposit of small denomination (under $100,000)
  • + Money market accounts
  • + MMMFs and other retail money market mutual funds
  • Whereas M3 is this: M2
  • + large-denomination ($100,000 or more) time deposits
  • + repurchase agreements issued by depository institutions
  • + Eurodollar deposits, specifically, dollar-denominated deposits due to nonbank U.S. addresses held at foreign offices of U.S. banks worldwide and all banking offices in Canada and the United Kingdom
  • + institutional money market mutual funds (funds with initial investments of $50,000 or more, also known as 'MMMFs').
  • The purpose of the reserve in a reserve ratio is to minimize the chance of deflation, because the rest of the 'money' on the Balance Sheet are nothing more than accounting entries, backed by nothing...but bearing a very real interest rate.   So...when they make no provision for redemptions of Foreign CB Dollars (a.k.a. "Eurodollar deposits"), Mutual Funds, time deposits, etc, it means two things:
    1. Those 'unbacked' notes of the Federal Reserve can simply disappear at any moment in response to defaults in the banking system.
    2. They have no intention of redeeming those unbacked dollars if it is not convenient.

    Therefore...if you, or your nation's, wealth is tied up in these... then your wealth simply ISN'T (either isn't yours or isn't really wealth).

    Tue, 09/08/2015 - 09:28 | 6522136 Stud Duck
    Stud Duck's picture

    Item #14:

    The profile of the Native American, Iron Tail, was provide by another, his name was "Two Gun White Calf".  I guess you would say he was a model for the sculpture of the face/profile for Iron Tail.

    His Catlinite pipe is stored at the Pioneer Museum in Goodwill, Oklahoma. A buddy and I smoked many a good bowl out of it until my bud dropped it and broke the pipe. Check it out when you are traveling 54 hwy across the Panhandle of Oklahoma sometime!

     

     

    Tue, 09/08/2015 - 15:10 | 6523449 Atticus Finch
    Atticus Finch's picture

    Consider that the Fed provided 23+ trillion dollars to international banks and corporations and that for the paltry sum of 320 million dollars or less than half the daily printing, the Government/Fed could have provided every man, woman and child in the US with 1 million dollars, which would have immediately recovered the economy. Further, for the paltry sum of an additional half-million, the Fed could have provided each family, the wherewithal to buy a $500 thousand dollar home and would have still been a long way from the one billion dollar figure.

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