[KC]

The New $20 Bill (http://www.moneyfactory.com/newmoney/main.cfm/currency/interactivebill)

:barf:
:cuss:
:barf:

This %$#@ thing looks like that toilet-paper stuff they use in the rest of the world. Greenbacks are supposed to be GREEN! None of the funky-colors crap. What's next? A friggen hologram?

[Balog]

I'm all for this new money. Maybe if they make it LOOK fake, people will realize that it IS fake. By fake I mean that it's worthless fiat "currency" with no backing by anything tangible.

[Mike Irwin]

Don't forget the 13 wealthy Jewish families who will own our country, and our souls, when we begin using the new money... :rolleyes:


And, I'd much rather go back to a gold standard...

We've gotten far too used to economic good times.

We NEED to have the regular, crippling, and protracted economic panics that accompany a specie-based standard...

A specie-based monetary system also plays very neatly into the liberal wealth redistributionist theory that wealth cannot be created -- it can only be redistributed (in other words, a dollar in your pocket is a dollar from someone else's pocket).

Sorry, I'm not willing to acede people like Hillary Clinton that kind of economic control.

[cuchulainn]

I don't care what my script looks like, though I'm waiting for that $3 bill with Malaclypse the Younger on it. Hey, we've already got Adam Weisshaupt on the $1. ;) fnord

[Blain]

Not a good sign.....

[AJ Dual]

Well, one instability a specie monetary system and a fiat monetary system have in common is the population's willingness to back it.

I think pining for the gold standard is a scapegoat for those who have trouble with the concept that "money", whether specie or fiat, is a token symbol to be used in exchange for labor or goods. Gold just moves that token back another level higher, and changes the dynamics of producing that "token".

A bar of gold and an FRN have equal value if you're alone, starving on a desert island. You have to give it to someone in exhchange for a moon pie and a coke. The problem is it's acceptance for exchange, not merely what it is.

Realizing what a huge abstraction that is, metal or FRN-paper, makes people uncomfortable. When the colors change on the FRN's people have to actually think about money.

Uncle Sam, the Treasury, and the Federal Reserve Bank are betting that the momentary lack of confidence in FRN's as a medium of goods/labor exchange because they monkeyed with the colors, is worth avoiding a greater and possibly more permanant losss of confidence in FRN's because of counterfitters.

[Atticus]

I would rather tote a few hundred Sacagawea dollars around. They are real gold...right...right? :uhoh:

[Mike Irwin]

You know, the only people I've met who have a momentary loss of confidence in the FNRs after a redesign have been pretty much located here.

None of my other conservative friends, or the liberal ones, for that matter, seem to have a problem with the redesigned notes (last redesign), other than to say that they were ugly.

A specie money system also has natural instability, outside of governmental control, locked into it in that someone could attempt to "corner the market" in the medium of exchange.

Jay Gould and a couple of his buddies tried this nifty exercise back in the 1870s, with the end result being one of the most severe financial crisies of the 1800s.

Not to mention when the Hunt Brothers tried to corner the silver market in the 1970s. That ultimately failed, and even though silver wasn't a backer for the monetary system, the economic impact of that event was pretty severe, as well.

[tyme]

Cheaper for an intelligent person to produce a realistic-looking $20 than the $20 is worth. That is a problem.

If I were permanently out of work, or had some other effective disqualifier (like being a convicted ex-felon), I might set up a printing shop and make $10 bills all day. No security thread to worry about, and no redesign (I think they're talking about it in a few years though). The only tricky thing is the paper and the weird sparkly green/black 10 on one side, but you could add glitter to one compartment of a three-segment ink cartridge and customize the printing app to use it.

I'm sure high-end counterfeiters have dealt with the security thread issue, too. Now all they have to deal with is that tricky new ink and the watermark. I'm fairly sure the watermark is easy to do. The ink doesn't look terribly challenging, either.

I'd love to find a new $20. What kinds of places start circulating them first? Banks?

[El Tejon]

We need THR money!:D

[Mike Irwin]

Banks started receiving shipments of the new currency today, from what I understand.

Expect to start seeing it within the week.