Just like goldbugs know the serial number of every single gold bar held (allegedly) in the GLD by heart, so the Federal Reserve carries a soft place in its corrupt, evil heart for fiat and the assorted trivia surrounding it. For example did you know that the Bureau of Engraving and Printing has two facilities, one in Washington, D.C. and the other in Fort Worth, Texas. Together they use approximately 9.7 tons of ink per day. So while paper money may or may not a disappearing species, here are, courtesy of the Federal Reserve, some "fun" facts about the US Dollar that readers may not be aware of as they make funeral arrangements for the endlessly dilutable combination of 75% cotton/25% linen.
From the Federal Reserve's indoctrination segment.
- The Bureau of Engraving and Printing produces 26 million notes a day, with a face value of approximately $907 million.
- Over 90 percent of U.S. currency is Federal Reserve notes.
- A stack of currency one-mile high would contain more than 14.5 million notes.
- Currency is actually fabric composed of 25 percent linen and 75 percent cotton. Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed through out the paper.
- The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in "bills of credit for the defense of America."
- The first dollar coin was issued in 1782.
- The dollar was officially adopted as our nation’s unit of currency in 1785.
- The largest bill ever printed by the Bureau of Engraving and Printing was the $100,000 gold certificate.
- The U.S. Secret Service was created during the Civil War to fight counterfeiting.
- The motto “In God We Trust” did not appear on paper currency until 1963.
- The Bureau of Engraving and Printing has two facilities, one in Washington, D.C. and the other in Fort Worth, Texas. Together they use approximately 9.7 tons of ink per day.
- The approximate weight of a bill is one gram. Since there are 454 grams in one pound, there are 454 notes in one pound.
- The largest note produced today is the $100 bill.
- It costs approximately 6.4 cents per note to produce U.S. currency.
- About 45 percent of the notes printed each year are $1, and 95 percent are used as replacement notes.
- About 4,000 double folds (forward and backward) are required before a note will tear.
- The average life of a Federal Reserve note depends upon its denomination:
$1 bill - 21 months
$5 bill - 16 months
$10 bill - 18 months
$20 bill - 2 years
$50 bill - 4.5 years
$100 bill - 7.5 years