Treasury Removes Jackson From $20 Bill, Will Replace Him With Harriet Tubman

Tyler Durden's picture

Presenting an artist's impression of what your new $20 bill will soon look like.

 

It's official.

Moments ago Politico reported that the U.S. Treasury will announce that it plans to replace former President Andrew Jackson on the $20 bill with Harriet Tubman, the sources said. There will also be changes to the $5 bill to depict civil rights era leaders including Marian Anderson, Eleanor Roosevelt and Martin Luther King Jr.

Not every dead president is being scraped however: treasury Secretary Jack Lew on Wednesday will announce a decision to keep Alexander Hamilton on the front of the $10 bill and put leaders of the movement to give women the right to vote on the back of the bill.

 Lew's decision comes after he announced last summer that he was considering replacing Hamilton on the $10 bill with a woman. The announcement drew swift rebukes from fans of Hamilton, who helped create the Treasury Department and the modern American financial system. Critics immediately suggested Hamilton take Jackson off the $20 bill given the former president's role in moving native Americans off their land.

Jackson may remain on the $20 bill in some capacity, but will clearly be demoted.

Lew told POLITICO last July that Treasury was exploring ways to respond to critics. “There are a number of options of how we can resolve this,” Lew said. “We’re not taking Alexander Hamilton off our currency.”

* * *

Here is the official statement from the US Treasury:

Treasury Secretary Lew Announces Front of New $20 to Feature Harriet Tubman, Lays Out Plans for New $20, $10 and $5

 

4/20/2016 ?

WASHINGTON – In a letter to the American people, Treasury Secretary Jacob J. Lew today announced plans for the new $20, $10 and $5 notes, with the portrait of Harriet Tubman to be featured on the front of the new $20.

 

Secretary Lew also announced plans for the reverse of the new $10 to feature an image of the historic march for suffrage that ended on the steps of the Treasury Department and honor the leaders of the suffrage movement—Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul.  The front of the new $10 note will maintain the portrait of Alexander Hamilton.

 

Finally, he announced plans for the reverse of the new $5 to honor events at the Lincoln Memorial that helped to shape our history and our democracy and prominent individuals involved in those events, including Marian Anderson, Eleanor Roosevelt and Martin Luther King Jr.

 

The reverse of the new $20 will feature images of the White House and President Andrew Jackson.

 

In his letter, Secretary Lew noted that the Bureau of Engraving and Printing will work closely with the Federal Reserve to accelerate work on the new $20 and $5 notes, with the goal that all three new notes go into circulation as quickly as possible, consistent with security requirements.

Here is Jacob Lew's "explanatory" letter:

An Open Letter from Secretary Lew:

 

When I announced last June that a newly redesigned $10 note would feature a woman, I hoped to encourage a national conversation about women in our democracy.  The response has been powerful.  You and your fellow citizens from across the country have made your voices heard through town hall discussions and roundtable conversations, and with more than a million responses via mail and email, and through handwritten notes, tweets, and social media posts.  Thank you for sharing this thoughtful and impassioned feedback.

 

Over the course of the last 10 months, you put forth hundreds of names of people who have played a pivotal role in our nation’s history.  Many of you proposed that our new currency highlight democracy in action and reflect the diversity of our great nation.  Some of you suggested we skip the redesign of the $10 note, which is the next in line for a security upgrade, and move immediately to redesigning the $20 note.  And others proposed unconventional ideas, such as creating a $25 bill.

 

I have been inspired by this conversation and today I am excited to announce that for the first time in more than a century, the front of our currency will feature the portrait of a woman—Harriet Tubman on the $20 note.

 

Since we began this process, we have heard overwhelming encouragement from Americans to look at notes beyond the $10.  Based on this input, I have directed the Bureau of Engraving and Printing to accelerate plans for the redesign of the $20, $10, and $5 notes.  We already have begun work on initial concepts for each note, which will continue this year.  We anticipate that final concept designs for the new $20, $10, and $5 notes will all be unveiled in 2020 in conjunction with the 100th anniversary of the 19th Amendment, which granted women the right to vote.

 

The decision to put Harriet Tubman on the new $20 was driven by thousands of responses we received from Americans young and old.  I have been particularly struck by the many comments and reactions from children for whom Harriet Tubman is not just a historical figure, but a role model for leadership and participation in our democracy.  You shared your thoughts about her life and her works and how they changed our nation and represented our most cherished values.  Looking back on her life, Tubman once said, “I would fight for liberty so long as my strength lasted.”  And she did fight, for the freedom of slaves and for the right of women to vote.  Her incredible story of courage and commitment to equality embodies the ideals of democracy that our nation celebrates, and we will continue to value her legacy by honoring her on our currency.  The reverse of the new $20 will continue to feature the White House as well as an image of President Andrew Jackson.

 

As I said when we launched this exciting project: after more than 100 years, we cannot delay, so the next bill to be redesigned must include women, who for too long have been absent from our currency.  The new $10 will honor the story and the heroes of the women’s suffrage movement against the backdrop of the Treasury building.  Treasury’s relationship with the suffrage movement dates back to the March of 1913, when advocates came together on the steps of the Treasury building to demonstrate for a woman’s right to vote, seven years prior to the passage of the 19th Amendment.  The new $10 design will depict that historic march and honor Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul for their contributions to the suffrage movement.  The front of the new $10 will continue to feature Alexander Hamilton, our nation’s first Treasury Secretary and the architect of our economic system.

 

The reverse of the new $5 will depict the historic events that have occurred at the Lincoln Memorial.  In 1939, at a time when Washington’s concert halls were still segregated, world-renowned Opera singer Marian Anderson helped advance civil rights when, with the support of First Lady Eleanor Roosevelt, she performed at the Lincoln Memorial in front of 75,000 people.  And in 1963, Martin Luther King, Jr. delivered his historic “I Have a Dream” speech at the same monument in front of hundreds of thousands.  Honoring these figures will bring to life events at the Lincoln Memorial that helped to shape our history and our democracy.  The front of the new $5 will continue to feature President Lincoln.

 

Due to security needs, the redesigned $10 note is scheduled to go into circulation next.  I have directed the Bureau of Engraving and Printing to work closely with the Federal Reserve to accelerate work on the new $20 and $5 notes.  Our goal is to have all three new notes go into circulation as quickly as possible, while ensuring that we protect against counterfeiting through effective and sophisticated production.

 

This process has been much bigger than one square inch on one bill, and along the way, we heard about countless individuals who contributed to our democracy.  Our website, modernmoney.treasury.gov, will highlight many of the names that we heard throughout this process, and help tell some of the many stories that inspired us.  Of course, more work remains to tell the rich and textured history of our country.  But with this decision, our currency will now tell more of our story and reflect the contributions of women as well as men to our great democracy.

 

Thank you,

 

Secretary Jacob J. Lew

* * *

Confused? Disturbed? Angry? You are not alone. The following rant by Mac Slavo expressed many feeling about the proposed change.

Andrew Jackson, Who Fought Central Bank, Removed from $20 As “Public Concern for Liberty” Erased

Andrew-Jackson-Wouldnt-Want-To-Be-On-The-20-Bill-Anyway

The War on Cash has many fronts.

The latest battle is for the face of the currency itself, and the central bankers, who control the front anyway, have imposed a symbolic defeat against the leaders in America’s past who have fought against the stranglehold of the money makers.

Naturally, there are liberal politics at play, fighting for every inch of ground in the war for ideological re-engineering. History is being whitewashed, various figures of antiquity rolling in their graves….

At stake is a dispute for the powers of government even better than the more famous duel between Aaron Burr and Alexander Hamilton, of whom we also speak.

The iconic $20 bill, with the face of President Andrew Jackson, and the $10 bill, with the face of the nation’s first Treasury Secretary, Alexander Hamilton, have long pitted two ideological extremes against each other as they pass along as some of the most used denominations in circulation.

But now, the money powers at the Treasury Department have decided that it is time to add a woman’s face to the money supply as well.

As such, the powers-that-bank have decided to oust Andrew Jackson from the line up, and with it, part of his legacy.

It will be “removed in favor of a female representing the struggle for racial equality,” according to CNN, while an early proposal to remove Alexander Hamilton’s bill will be scrapped, though the proposal includes a redesign on the backs of his and several other notes with scenes from the Woman’s Suffrage Movement, Susan B. and all the gals.

Treasury Secretary Jack Lew is expected to announce this week that Alexander Hamilton’s face will remain on the front of the $10 bill and a woman will replace Andrew Jackson on the face of the $20 bill, a senior government source told CNN on Saturday.

Dramatically, it seems that there was a backlash to counter the coup against Hamilton, including support from former Federal Reserve chairman Ben Bernanke:

The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.

 
Those pressures led Lew to determine that Hamilton should remain on the front of the bill.

And there’s a reason for Bernanke’s bias towards Hamilton.

Here’s the scoop from the Economic Policy Journal, who called it a “despicable decision”:

It was Hamilton, who from the early days of the nation clamored for a central bank and a strong interventionist federal government.

 

I have quoted Thomas DiLorenzo on the evil Hamilton before:

 

Hamilton was a compulsive statist who wanted to bring the corrupt British mercantilist system — the very system the American Revolution was fought to escape from — to America. He fought fiercely for his program of corporate welfare, protectionist tariffs, public debt, pervasive taxation, and a central bank run by politicians and their appointees out of the nation’s capital….

 

Hamilton complained to George Washington that “we need a government of more energy” and expressed disgust over “an excessive concern for liberty in public men”…

 

The Philadelphie Federal Reserve publication. A History of Central Banking in America, reports:

 

Alexander Hamilton, the first Secretary of the Treasury, urged Congress to also assume the war debts of the individual states and then create a national bank to help refinance all these debts. Hamilton’s proposal faced major opposition. Critics said that Hamilton’s bank was unconstitutional, would be a monopoly, and would reduce the power of the states. Although Hamilton won, the bank’s charter was limited to 20 years.

And that’s right where Andrew Jackson’s legacy with the banks picks up.

With the charter of the first “Bank of the United States” ending, Jackson was determined to stop the charter of the second “Bank of the United States” and famously stated:

“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.” (Andrew Jackson, to a delegation of bankers discussing the recharter of the Second Bank of the United States, 1832)

President Jackson likened their agents to the hydra-beast, with its many heads, and even survived an assassination attempt, by staving off an attacker personally.

jackson-banks-vipers

The bankers, and the powerful families including the Rothschilds who supported it, wanted a “national bank” because they could load the board with “their” guys and outweigh the will of the people and the normal channels of government.

Of course, the same exact state of affairs has been going on today for more than a century with the Federal Reserve, which is run by the successors to the same exact banking interests, including the still immensely-powerful Rothschild family.

The struggle is depicted well in “The Money Masters,” which spans several centuries of history with the threat of banking powers over individual sovereignty in stark contrast. To be sure, there is an important and nefarious plot afoot to ensnare you, your family and everyone on the block with debt.

 

There is a line, and you should figure out what side of it you’re going to be on.

Jackson narrowly succeeded in staving off banker domination of the U.S. during his day.

Of course, Andrew Jackson, who was the United States’ seventh president, was also a complete controversy his entire lifetime. It is no surprise that the same people who took down the Confederate flag from the South on the back of a mass shooting tragedy are now trying to tear down the image of a particularly controversial and intriguing figure from the American past.

Jackson was a recalcitrant and unyielding general and war hero, and later an outsider riding a wave of populist support into the White House, bringing in sometimes unscrupulous companions, and plenty of Masons. Many of his backers were diametrically opposed to the entrenched power of New York bankers and speculators, as well as patrician politicians who dominated the first phase of politics in the nation’s history. Jackson played a nasty role in the Trail of Tears affairs with Indians, too, and with the South and Western expansion of slave-friendly territories. Many shades of grey.

Meanwhile, behind the scenes in the founding days of this country, Alexander Hamilton, an advocate of strong central government, and maneuvered on behalf of his banker masters to collectivize the war debt from the states and create a central bank to control the financial strength of the country, and ingrain the early United States with the mindset of the British masters they had just fought to shake off.

After the creation of the Federal Reserve in 1913, and the crisis and consolidation of wealth during the Great Depression, and ever since the 2008 economic collapse, the rule by bankers has become a foregone conclusion, though there will be more chances to shake off their yoke of control. (BitCoin is one possible avenue; Congressionally-controlled greenbacks another; gold and silver yet another…)

Erasing Andrew Jackson from the faces of the fiat funny-money that is passed around by an increasingly ignorant and dependent society (which itself has adopted digital currency as the new norm) will further cut off the past from the masses, and ensure their enslavement.

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Tallest Skil's picture

Treason. A slander to the memory of both individuals. Also, the only woman that belongs on money is Martha Washington.

 

If the Fed still exists by the time this happens, I will cease to use 20s.

kliguy38's picture

hey ...knock it off..it coulda been Hitlary......

Looney's picture

Where did they get Eddie Murphy’s mug shot?  ;-)

Looney

knukles's picture

Hows about Richard Simmons on a $3 bill?

MillionDollarBonus_'s picture

This is  long overdue. Why does our currency only bare the faces of old racist white men? Andrew Jackson is the worst of them all. He did absolutely nothing for this country other than oppress Native Americans and expand the power of the white male patriarchy. Libertarians and conservatives are just upset because progressives and Black Lives Matter are taking over this country. Down with America's racist past - no more confederate flags and no more slave-owning 'founding fathers'! This country was built on the backs of African slaves and the stolen land of the Native Americans. It's time for the oppressed peoples of America to be represented equally and get recognition for their suffering.

THE INEVITABILITY OF A CASHLESS SOCIETY
skinwalker's picture

Perhaps one day you will reap what you sow. For your sake, I hope you can avoid the consequnces of your beliefs forever. However, the universe has a way of balancing itself out. 

Silky Johnson's picture

That new $20 is also a dirty subliminal message, "you are a slave and your only salvtion is through the federal reserve note".

mtl4's picture

Who the hell is going to take the currency seriously when you've got Aunt Jimima on the $20 bill?!

 

Race to the bottom no doubt.

knukles's picture

What the fuk.... money's nigh worthless as is anyhow.

jcaz's picture

Put her face on EBT cards.....

Bokkenrijder's picture

This documentary about money is very good, but other than that Ned Flanders/Bill Still is such a dork!

When I want to have a good laugh, I usually go to Karl Denninger's Market ticker.com and look for Bill Still's MH370 theories and foreign policy fuck ups.

DownWithYogaPants's picture

With emphasis on "bottom" and "race".   

If they wanted to do it right and since she led people to freedom why don't they start circulating a 500 dollar bill with her ugly mug on it?

ClydeCrashcup's picture

Now we just need MLK on the EBT cards.

SNAP!

LowerSlowerDelaware_LSD's picture

Leave the picture off.  Just put "FSA" there.

remain calm's picture

I think it is appropriate to but an Obama relative on a currency that is going to zero. 

chumbawamba's picture

Wow, not only was I expecting this to be an Onion piece, I was actually hoping for it.

I am Chumbawamba.

thesonandheir's picture

So if they are getting rid of Jackson because he stole native American lands why the fuck don't they just give the lands back as well and be done with it?

TeamDepends's picture

Another clear sign of the End Times.

NidStyles's picture

Soon to be as worthless ....

J S Bach's picture

Can anyone name one thing that this Tubman creature accomplished in its life?  Jackson was a great man of deeds as well as a courageous leader.  Just like MLK Day, what springs to my mind are the tens of thousands of more deserving historic American individuals who merit such honors and are cast aside at the altar of political correctness.  The decadence of our time knows no bottom.  Who's our Secretary of Treasury again?  Ah yes, Jack Jew, er... Lew.  That explains it.

Ivanka2032's picture

No wait. "Jack Satanic Oligarch" would be more proper (see below). Most likely, his surname was changed to, you know, avoid oppression.

 

So maybe we should just start calling the idolatress on our newest 'coke snorting tube' Hairy Tub. Or maybe just 'Nappy'

rfaze's picture

Tubman collaborated with John Brown in 1858 in planning his raid on Harpers Ferry. The two met in Canada where she told him all she knew of the Underground Railroad in the East. Advising him on the area in which he planned to operate, she promised to deliver aid from fugitives in the region. Brown’s admiration for her was immeasurable, and he wanted her to accompany him on the raid. Tubman planned to be present but was ill at the time and could not participate.

Today she would be in a cell in Git-Mo.....

El Vaquero's picture

It's not the fact that they picked her that gets me.  It's the why they picked her.  Had they said "We want to pick somebody who did good works from US history," it would have been cool.  Instead, I can guarantee they said "We need to pick somebody who is both female and minority." 

 

Fucking identity politics and political correctness at its finest. 

SWRichmond's picture

Just what we need: a dour-faced angry black female to look at frequently.  I haven't seen that since ten minutes ago.

MANvsMACHINE's picture

Anyone have two tens for a Tubby?

Took Red Pill's picture

Why not just cut the PC BS and put Rothchild on the bill?

Normalcy Bias's picture

tl;dr

OK, why is Aunt Jemima on the $20 Bill?

Gaius Frakkin' Baltar's picture

So people will be more willing to turn in their cash for plastic so as not to gaze upon her ugly Nigger ass.

eforce's picture

I bet all the racists will call them nigga notes from now on.

Sturm und Drang's picture

Something in the vein of the "sawbuck" for a $10.

 

"auntie" maybe.

Whoa Dammit's picture

I think its grand that they put a picture of future President Camacho wearing a do-rag on the twenty dollar bill. 

tc06rtw's picture

They could never put Tubman on the   
twenty…   she was a  CHRISTIAN !

MANvsMACHINE's picture

My primary concern is that many are going to confuse it with a $20 coupon for pancake syrup.

old naughty's picture

MDB is ight,

It's long over due...

so, in honor of his great vision, let's at the same time dismantle

the den, shall we? So that his great work is done.

undertow1141's picture

Canadians have the Loonie and now we will have the Coonie.

N2OJoe's picture

Finally FRN's are getting the Affirmative Action treatment, because they weren't enough of a joke already!

Ivanka2032's picture

"Why not just cut the PC BS and put Rothchild on the bill?"

 

Because if you held it up to a mirror it would disappear (& then it would be useless to snort coke with)

Where do you think the term 'Vampire' Squid came anyway?

johngaltfla's picture

I think they should change the $50 bill also and put FDR or Woodrow Wilson on the front while on the obverse having depcitions of the internment camps they both built inside America. After all, we've fucked up twice in history, might as well condition the sheeple for the next period when internment camps are set up (coming soon to a field near you).

Ivanka2032's picture

All they really need to do with the $50 is change the spelling to 'FITTY' & maybe put some Kanye & Kim Kardashian porn on it (to honor our heritage).

 

FFS~ Let's just put O.J. on the dollar & Rodney King on the $100

All Risk No Reward's picture

And the Bankster mockery of putting Andrew "I killed the bank" Jackson on the $20 bill finally comes to an end.

It took long enough.

"The bank, Mr. van Buren, is trying to kill me, but I will kill it."
~Andrew Jackson

"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank [now the Muppet tax payer, they elevated their game of fraud and we are busy sucking our thumbs...]. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!"
~Andrew Jackson, From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels - online PDF

Jackson had his genocidal tendencies, too. The point isn't that he was an angel, the point is that he correctly identified the biggest enemy of all!

johngaltfla's picture

The sad part is that his teenage years are ignored where the British captured him and brutally tortured him. He exacted his revenge at the Battle of New Orleans however. He was a major reason our nation survived its infancy, only to go insane as he became President where he rightfully fought against a Central Bank, but engaged in mass genocide based on  perverted beliefs.

Sturm und Drang's picture

..."engaged in mass genocide based on  perverted beliefs."

 

Wait - he was a Progressive?

ArgentDawn's picture

I honestly feel AJ wouldnt mind NOT being on an FRN which he fought so valiantly against

 

It'd be like Black Lives Matters making smiling George Zimmerman their logo and then us debating removing it 150 years later.

zeronetwork's picture

Let everyone have their dreams come true before dollar go worthless.

Ivanka2032's picture

Last I checked, 'Blacks' weren't shareholders of THE FEDERAL RESERVE.

 

So if any 'mocking' is to be done, they ought to just go with Adolph Hitler.