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Title: America’s New $100 Bill Might as Well Be a Euro
Source:
Vanity Fair
URL Source: http://www.vanityfair.com/online/da ... l-might-as-well-be-a-euro.html
Published: Apr 21, 2010
Author: Juli Weiner
Post Date: 2010-04-21 21:54:37 by noone222
Keywords: None
Views: 559
Comments: 57
How much socialism, rounded to the nearest thousand, is suggested by this country’s new $100 bill? Today, Obama and pals Timothy Geithner and Ben Bernanke introduced a more colorful $100 bill that has two added security features, which include “a blue 3-D Security Ribbon on the front of the note that contains images of bells and 100s, which move and change from one to the other as you tilt the note, according to joint release from the agencies. Another security feature is the ‘Bell in the Inkwell’ image that changes color from copper to green when the note is tilted, an effect that makes it appear and disappear within the inkwell,” according to The Wall Street Journal. Um, Drudge-siren! Is this bill a Communist-style invasion of our civil liberties? A fascist and also very European-seeming prohibition of our Constitutional right to produce and distribute counterfeit currency? It’s for sure the most despicable bill since that other one granting 32 million uninsured Americans health-care.
Poster Comment: Watch out ... is it counterfeit ???
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#1. To: All (#0)
Yikes ... just say no to FRNs !!! Maybe they'll drop em from a helicopter !
"April 15th is really April FOOL'S DAY."
The C note is the most widely counterfeited bill abroad, and the twenty the most forged here at home. It saves the taxpayer money to make currency hard to copy. I find this particular whine gratuitous and myopic. The damn thing looks fine.
I find this particular whine gratuitous and myopic. The damn thing looks fine. WHY does it "look fine"? Does it look anything like a "gold and silver coin" which is the ONLY kind of Money the Constitution mentions? No, it does not. "Paper money" is a scam, an illusion, and is only viable for limited times until people learn how they have been tricked. Do you know how much the (so-called) "dollar" is worth today compared to 1913? If you purchased an item for one dollar in 1913--and you could get an actual dollar of silver* at that time--that same item would cost 21.98 today, an inflation rate of 2098.3%! In 1913 a 100 dollars was a good bit of money, you could buy a lot with it. Today you can carry all the groceries you can buy with it without much trouble. *I say "dollar of silver" because the term "dollar" refers to the weight of a coin. What Is A "Dollar"? An Historical Analysis Of The Fundamental Question In Monetary Policy A look at the future of your "100-dollar 'note'" (that isn't a note in the legal sense) and of all paper currency. Zimbabwe's official inflation rate has surged to 231,000,000% as the opposition appealed to South Africa's former president, Thabo Mbeki, to rescue the historic power-sharing deal he brokered last month. With the economy continuing its rapid collapse and no end in sight to the political deadlock, the World Food Programme today launched an appeal to feed 5 million Zimbabweans. It said that more than 80% of the country's population was living on less than £1 a day and nearly half is chronically malnourished. The latest official inflation rate, for July, is twenty times higher than a month earlier. Independent economists, who have accurately estimated the true rate in the past, say that inflation this month will run into the trillions. That has forced the government to allow shops this week to begin accepting US dollars and South African rand because the Zimbabwean dollar is now all but worthless. The latest inflation figures will increase pressure on the country's president, Robert Mugabe to stop stalling over the composition of a new power-sharing government with the prime minister designate, Morgan Tsvangirai. The president is demanding security ministries such as the army and police as well as the finance portfolio even though foreign donors have made it clear that there will be no aid to revive the economy unless that falls under Tsvangirai's control. Tsvangirai said today that the talks were deadlocked and called for Mbeki to intervene. "We have asked him to come over and he has said he will come over," he said. But Tsvangirai said he retained confidence in the agreement. "We are confident about the potential of the deal," he said. "In the process of implementation, we have hit an impasse but not on fundamental contents of the deal. "Unfortunately no progress has been made ... to bring the Zimbabwean people to the beginning of the path of recovery. Instead the economic crisis has worsened. We now live in an environment characterised by hunger, starvation, and we are days away from seeing people dropping dead on the streets." Mugabe only signed what he called a "humiliating" agreement surrendering many of his powers because his government has no solution to the problems afflicting Zimbabwe, and that has not changed. Its attempt to curb inflation with enforced price reductions only drove trade on to the black market. The central bank removed 10 zeros from the national currency in August after rapid devaluation forced it to print Z$100bn notes that were worth only about 8p on the street when they were scrapped. But the new currency continued the free fall as it dropped from about Z$100 to the pound two months ago to Z$2m to the pound before the government blocked electronic bank transfers last week. Severe cash shortages, because the government cannot afford to print bank notes to keep pace with inflation, had meant that many people could at least use bank accounts as a means of payment using a parallel market rate. But that lifeline has now been cut. The central bank said the transfers were used for illicit exchange deals and to overprice goods. "We have no option but to take this drastic measure in order to maintain sanity in the financial system," said the central bank governor, Gideon Gono. Zimbabwe's $100 billion banknote with the number of eggs it could purchase on its release date.
Liberty is not a means to a higher political end. It is itself the highest political end. Robert Mugabe is a criminal who deserves to be removed from power and imprisoned. So I fail to see your point. The government there sucks, and it was stupid to do many things it has done under him. So what? I was talking about the big counterfeit problem with the C note, not Zimbabwe.
These retards have our money faggoted up like a 10 year old girl's notebook. The only thing missing from this is Pokemon Stickers, or The Jonas Brother's faces hidden in the design.
It is better to be hated for what you are, than loved for what you are not. - Tommy The Mad Artist.
The serial number: JB00000000T Jack Boot?
#2. To: noone222 (#0)
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#3. To: Ferret (#2)
(Edited)
The C note is the most widely counterfeited bill abroad, and the twenty the most forged here at home. It saves the taxpayer money to make currency hard to copy.
Lord Acton
#4. To: James Deffenbach (#3)
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#5. To: noone222 (#0)
#6. To: noone222 (#0)
Waiting too late to oppose tyranny has always led to bloodshed.
Hair Extensions Five Towns Merrick Manhasset Roslyn Massapequa Amityville Wantagh Farmingdale East Meadow Long Island, NY
#7. To: James Deffenbach (#3)
I don't think we can expect the perps to make the changes necessary to our liberty. We have to do it. We will have to pool our resources and defy their slave currency.
"April 15th is really April FOOL'S DAY."
#8. To: TommyTheMadArtist (#5)
Historically, before an empire collapses the currency is "debauched" !
"April 15th is really April FOOL'S DAY."
#9. To: Ferret (#4)
Of course you fail to see the point. I am not surprised. Read it again and again--Zimbabwe's paper "money" has gone the way of all paper "money." Inflated to the point that it takes millions and millions of them to buy three eggs. The fact that paper money is illegitimate in this country didn't even register with you, did it? How sad.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#10. To: TommyTheMadArtist (#5)
LOL! It looks more and more like some worthless scrap paper you would find in a Monopoly game, doesn't it?
These retards have our money faggoted up like a 10 year old girl's notebook. The only thing missing from this is Pokemon Stickers, or The Jonas Brother's faces hidden in the design.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#11. To: noone222 (#7)
We have to do it. We will have to pool our resources and defy their slave currency. No, the criminals who have foisted paper off on the people under the guise of money will not give up the golden goose easily.
I don't think we can expect the perps to make the changes necessary to our liberty.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#12. To: James Deffenbach (#9) (Edited)
The topic is in regards to the redesign, and you want to draw me into a currency or metal debate. Ain't going there, and I commented on U.S. Currency, not the currency of another country. Don't do that sort of thread drift and whine if someone doesn't want to play your stupid game. Baby.
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#13. To: Ferret (#12)
Are you really as dumb as your posts indicate you are? Must be an awful burden. I would feel sorry for you if you weren't the southern end of an alimentary canal.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#14. To: James Deffenbach (#13) (Edited)
You are the idiot who thinks there is enough gold and silver for about three hundred million people in this country to use as currency, and that the billions elsewhere in the world wouldn't siphon away the precious metal currency faster then it could be minted. I am a Numismatist who owns a really nice U.S. type set of coins. I have over forty Morgan Dollars and several double eagles. I understand coins, chuckles. I am also familiar with the history of the controversy, and you are not going to crucify me on a cross of gold on the issue. You and William Jennings Bryan both would have a fight on your hands to do that. Now, do something useful like advocate the return of the half dime and twenty cent piece and shut the fuck up.
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#15. To: Ferret (#14)
You would never tell me to shut up to my face. You seem to be about as willfully ignorant as anyone who has ever posted on this board or any other, internet tough guy.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#16. To: noone222 (#0)
Guys - this is worth hitting the URL link.
#17. To: James Deffenbach (#15)
Oh yes I would. And I told you that primarily because you were insulting and banal. But if you doubt it, stop on by. I am amused you insinuate I think I am a tough guy, because while indeed I can fight well, most of my activism involves non-violence. I am a firm believer that one can be non-violent and very strong. You came in here with the attitude, and I reflected it back to you. Now go screw your ugly ass self, hero. Grow up, Mr Joke. I would be careful if you are wealthy. A deep pocket is always welcome to punch me anytime. I have a very good lawyer, and sometimes being strong is being tactically smart, taking a punch, than getting a fat pay off. And I would want gold from you. ;-D
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#18. To: Ferret (#17)
Want in one hand and $#it in the other one and see which one fills up the quickest. And you can be as tough as one of the Gracie Brothers behind your keyboard but that doesn't mean a thing to anyone who reads your posts, many of which shows you to revel in your ignorance and "don't want to know" attitude. To make it clear for you, I am not impressed.
And I would want gold from you. ;-D
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#19. To: Ferret (#17)
You are wrong about that. I "came in here" trying to teach you something about paper "money" and gave you the information and links to more information. But you made it clear that you didn't know and didn't want to know. And I am still not impressed with your boastful claims.
You came in here with the attitude
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#20. To: James Deffenbach (#18)
The hyperinflation in that country is due to the criminality, greed and all out lunacy of Robert Mugabe. It isn't because that sort of currency is inherently flawed. And I posted about the design of the C note, not to hear yet another complaint about using paper money instead of gold or silver. I am an environmentalist, and I don't like the damage placer mining has done to the landscape and streams. So despite your claims to the contrary, I am at all "ignorant" on the issue; I have a far different perspective on it than you, and I didn't come into the thread to argue about whether we should try in vain to produce enough gold and silver to directly back notes, or mint new coinage for so many millions of Americans to use instead of our paper money. I have planted trees many years and seen many streams reduced to water running over boulders and rocks because hydraulic pacer mining have damaged them. I have seen scars on the sides of hills from dry panning; been to Alaska and seen where they have bulldozed soil away from land to allow permafrost to thaw so they can get an incredibly small amount of gold from the removed 'ore.' I am no fan of precious metals. That is why I did not want to talk to you about it. Because I was trying to avoid listening to your insane rantings about commodities I do not in the least think it is important to destroy the landscape to fine to use for gold notes or coins. I also did not come in here to engage in thread drift to topics concerning the Southern portion of the African continent. Now, is that laboriously spelled out enough for you to finally understand why I am not the person to engage concerning the gold or other precious metal standard of currency? You deserve to get snapped at when you assume it is because of ignorance on the topic instead of profound differences in perspective on a pet topic of yours'. Have fun promoting it, and I am happy for you you are so enamored with the thought of silver and gold currency jingling in pockets. But we have oil v. water perspectives on it. That's just the way it is.
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#21. To: Ferret (#20)
What a goofy assertion. There are dozens of examples of fiat currency being inflated into worthlessness.
The hyperinflation in that country is due to the criminality, greed and all out lunacy of Robert Mugabe. It isn't because that sort of currency is inherently flawed.
“we were respected as the most disinterested and charitable nation in the world.” - Robert A. Taft
#22. To: Ferret (#20)
The fact is that "paper money" is unconstitutional and your environmentalism and pc bs doesn't change that fact. Whether you are, or are not, a "fan of precious metals" is pretty much irrelevant to me. What is relevant to me is that crooks, much like the one you condemn in another country, sold us out to criminals who have enslaved generations of Americans yet unborn with their scam. So cry me a river about how the only money recognized by the Constitution is so terrible and tell me a fairy tale about how wonderful the folks are who foisted off counterfeit on Americans for the benefit of a handful of national and international banker criminals. And maybe, if you can tear yourself away from whining over a spotted owl, a snail darter, or rabbiting on about how wonderful Obama is, you might read A Plea For The Constitution by George Bancroft. You might learn something unless you are beyond the point of learning something new.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#23. To: Dakmar, Ferret Mike (#21)
He excels in goofy. I think it must have been his major. But be careful, he is an internet tough guy and may keyboard you to death. ahaha.
What a goofy assertion.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#24. To: Dakmar (#21)
Quick question: have you ever sat around with a broken bluetooth mouse and decided to use your touchpad? Just asking.
What a goofy assertion. There are dozens of examples of fiat currency being inflated into worthlessness.
"Sarah "Kiss my Torah" Palin" -- Jethro Tull, circa 2010-04-14
#25. To: James Deffenbach (#23)
Was EVERY LAST ONE of my public school teachers lying when they told us about people in Germany all pushing around wheelbarrows piled high with cash looking to score a loaf of bread?
“we were respected as the most disinterested and charitable nation in the world.” - Robert A. Taft
#26. To: Ferret, James Deffenbach (#22)
“It has been said, 'time heals all wounds.' I do not agree. The wounds remain. In time, the mind, protecting its sanity, covers them with scar tissue and the pain lessens, but it is never gone.” ~ Rose F. Kennedy
#27. To: Dakmar (#25)
I remember that.
...when they told us about people in Germany all pushing around wheelbarrows piled high with cash looking to score a loaf of bread?
“It has been said, 'time heals all wounds.' I do not agree. The wounds remain. In time, the mind, protecting its sanity, covers them with scar tissue and the pain lessens, but it is never gone.” ~ Rose F. Kennedy
#28. To: Dakmar (#25)
I have several stamps like these: I got them when I lived in Germany in the '70s.
“It has been said, 'time heals all wounds.' I do not agree. The wounds remain. In time, the mind, protecting its sanity, covers them with scar tissue and the pain lessens, but it is never gone.” ~ Rose F. Kennedy
#29. To: wudidiz (#27)
Were you pushing a wheelbarrow, too?
I remember that.
"Sarah "Kiss my Torah" Palin" -- Jethro Tull, circa 2010-04-14
#30. To: Dakmar, Ferret Mike (#25)
If they were they told the same lie to a whole bunch of folks (including me). Mike makes dumb arguments. It's what happens when you are not rational. PC bs has driven him around the bend. Some examples of hyperinflation (because of debauched currency) These are maximum MONTHLY price increases. 1. Germany 1920-1923 3.25 million percent World War II 1. Greece 1943-1944 8.55 billion percent Was EVERY LAST ONE of my public school teachers lying when they told us about people in Germany all pushing around wheelbarrows piled high with cash looking to score a loaf of bread?
2. Russia 1921-1924 213 percent
3. Austria 1921-1922 134 percent
4. Poland 1922-1924 275 percent
5. Hungary 1922-1924 98 percent
2. Hungary 1945-1946 4.19 quintillion percent
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#31. To: wudidiz (#26)
Thanks for that link, what it. I have that little book, it is one of my prized possessions. And I have read it a couple of times.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#32. To: James Deffenbach (#30) (Edited)
We're looking at this from the wrong angle, James. What I've come to realize is that if everyone is a billionaire the there's no need for any type of subsidies or entitlements, is there? Imagine the possibilities... :)
1. Greece 1943-1944 8.55 billion percent
“we were respected as the most disinterested and charitable nation in the world.” - Robert A. Taft
#33. To: Dakmar (#32)
What I've come to realize is that if everyone is a billionaire the there's no need for any type of subsidies or entitlements, is there? Imagine the possibilities... :) LOL! Let's take a look at that. Suppose just for a minute that you and I and everyone else all woke up tomorrow with a billion dollars (well, scraps of paper but for the sake of argument/discussion we will pretend we don't know any better). How much do you reckon a loaf of bread, a few apples and some gas would cost? 10-20 million for the loaf of bread, a similar amount for the apples and you could use what you had left for the gas and MAYBE have enough to get downtown and back home.
We're looking at this from the wrong angle, James.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#34. To: James Deffenbach (#33)
See, that's why they should pass my "Everything Costs A Dollar" law. According to my projections, everything would cost exactly one dollar were this legislation enacted. Imagine the possibilities!
“we were respected as the most disinterested and charitable nation in the world.” - Robert A. Taft
#35. To: Dakmar (#34)
I don't think you will repeal the natural law of supply and demand with that. But it "looks good on paper" as they say. Well, sort of. 
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#36. To: James Deffenbach (#35)
Sort of? I'm hoping to win Nobel Prize in Economics with this gibberish.
“we were respected as the most disinterested and charitable nation in the world.” - Robert A. Taft
#37. To: Dakmar (#36)
Well, you probably should. After all, they gave Al Gore one for lying about the weather and they gave Obama one for being able to con his way into the White House (I guess that is why they gave it to him, not real sure).
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton
#38. To: Dakmar (#21)
So what? Just because there are more routes into hyperinflation then the cited one doesn't invalidate my opinion and take on it. Nice false premise though. I give it two and a half fool's gold stars.
"What a goofy assertion. There are dozens of examples of fiat currency being inflated into worthlessness."
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#39. To: James Deffenbach (#30)
No, I live in Eugene, Oregon. Bend is in Deschutes County in Central Oregon. You get an F in geography on that one. I am quite rational and realistic, you sir are not. But your warm fuzzy illusions can be entertaining to watch you spin.
"If they were they told the same lie to a whole bunch of folks (including me). Mike makes dumb arguments. It's what happens when you are not rational. PC bs has driven him around the bend."
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#40. To: James Deffenbach (#23)
Actually, the last team I was on in the Army doing the Special Operations Communication Sergeant thing with the leg key, PRC 70 radio sending 120 five character code groups in 16 line format nick named me 'Spock' because of my propensity to spend 25.00 words when the 1.50 ones would suffice when I speak. I'm no easy push over, but in a room full of tough characters I don't stand out as particularly formattable, nor care that I don't. But thanks for the build up, even if I still can't use you as my publicity agent.
"He excels in goofy. I think it must have been his major. But be careful, he is an internet tough guy and may keyboard you to death. ahaha."
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#41. To: James Deffenbach (#22) (Edited)
Thank you Don Quixote, your Obama long form birth certificate is in the mail, not. Personally, I prefer the outrage that corporations are considered individuals; but t0 each their own wind mills to joust, yes?
"The fact is that "paper money" is unconstitutional"
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