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Thread: Our Different Currency

  1. #1
    Senior Member Franco's Avatar
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    Default Our Different Currency



    All of us MUST know the difference between these two dollar bills.The green stamp is debt based. It is a Federal Reserve Note. It is printed by the private Federal Reserve and loaned to the Government at Interest. This is why we pay much more in income taxes then we should. Every month part of your check goes to foreign con artists; the owners of offshore banks that run the Federal Reserve.The red stamp is debt free and printed by a sovereign United States. It is a US note. If US notes were printed, all national debt could be illegalized along with most of our taxes.They don’t want you to know ANY of this Information!!

    Returning to a same monetary policy is long overdue. It begins with Congress taking on the reponsiblity of controlling our own money and not a central bank controlled by international banking! I also realize that many don't mind paying the taxes that they do and have no problem working for the government.

    The recent Libor banking scandel, the too big to fail of 08 and our government's failure to bring charges forth and prosecute only happens because We The People no longer care!

    Libor Scandel
    http://www.fool.com/investing/genera...g-picture.aspx




    Last edited by Franco; 12-27-2012 at 08:36 PM.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member HPL's Avatar
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    What's the date on the United States note?
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    Senior Member Franco's Avatar
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    Quote Originally Posted by HPL View Post
    What's the date on the United States note?
    I don't see a date on either bill.

    I would guess that it is an older note since we haven't been solvent for some time. I just had a renter pay his rent in cash like he does every month. Only two of the bills had the red seal.
    Last edited by Franco; 12-27-2012 at 09:26 PM.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member Rnd's Avatar
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    Henry H Fowler was Secretary of the Treasury from 1965 to 1968.

    The print is to small for me to see but would suggest it is between '65-'68
    May you pin all the marks and line the blinds!!

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  5. #5
    Senior Member HPL's Avatar
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    Quote Originally Posted by Franco View Post
    I don't see a date on either bill.

    I would guess that it is an older note since we haven't been solvent for some time. I just had a renter pay his rent in cash like he does every month. Only two of the bills had the green seal.
    What did the others have?
    Any doctrine that weakens personal responsibility for judgment and for action helps create the attitudes that welcome and support the totalitarian state.
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    Senior Member Rnd's Avatar
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    Donald Regan was Secretary of the Treasury from 1981 -1985 (The second note)
    Last edited by Rnd; 12-27-2012 at 09:32 PM.
    May you pin all the marks and line the blinds!!

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    Senior Member Franco's Avatar
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    This will explain what the different colored seals indicate.
    We did away with the Red seals after Nixon took us off the Gold Strandard and allowed the Fed Reserve to print Fiat money.
    http://wiki.answers.com/Q/What_is_th...US_paper_money
    Last edited by Franco; 12-27-2012 at 09:35 PM.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member Franco's Avatar
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    Quote Originally Posted by HPL View Post
    What did the others have?
    I meant to type red. They are still around unless the banks or collectors get a hold of them.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member M&K's Retrievers's Avatar
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    They don't look like the two Bens I have in my pocket. "The United States of America", "Federal Reserve Note" and "One Hundred Dollars" are in different locations. The serial numbers are reversed as well. In fact, there are a butt load of differences.
    Last edited by M&K's Retrievers; 12-27-2012 at 10:17 PM.
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    Senior Member MooseGooser's Avatar
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    That is interesting..

    I didnt know that ....

    I do collect any Siver and othe coinage bills I come across. I have a few...

    Here is what I understood the red seal to be.

    Notice the dates in the last paragraph.

    The Story of Red Seal, United States Bank Notes
    by Stan Klein


    The United States government got into the paper money business by necessity, a way of financing the Civil War through money creation known as fiat money. Congress authorized Legal Tender Notes by the Acts of July 17 and August 5, 1861 (first day of issue). They were colloquially called "Greenbacks" due to their mono-green coloring on the note backs and "Demand Notes" since the first issue notes were redeemable for specie (gold and silver coins) on demand. When specie redemption was suspended on December 21, 1861 the value of these notes began to fall in terms of federal coinage. The public soon accepted the currency on faith that the new U.S. government money would sustain its value in commerce. At the same time, coinage, including copper coins, were rapidly disappearing from circulation
    The 2nd issue bears the date March 10, 1862 and is the great-grandfather of the small size legal tender notes with red seals and red Treasury seal that are still occasionally seen today. All bank notes have an obligation that tells the user how the note may be used. The first obligation of Legal Tender notes states "This note is legal tender for all debts, public and private, except for dues on imports and interest on the public debt, and is exchangeable for U.S. six-percent, twenty-year bonds, redeemable at the pleasure of the United States after five years." This was soon replaced by an obligation sans the reference to bonds, although it was "receivable in payment of all loans to the United States". The currency was money by government decree.
    Though the public looked askance at the new currency, Legal Tender notes continued to be issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1000, $5000 (1878 only) and $10,000 (1878 only) long after the Civil War ended. It wasn't until 1865 that gold certificates were issued and not until 1886 that redeemable paper money in the form of Silver Certificates, and then later, Coin Notes, were issued. Legal Tender issues continued with their characteristic red Treasury seal and label of "Legal Tender Note" or "United States Note."
    By the 1920's, the Treasury Department launched a cost saving measure by reducing the physical size of the currency. Legal Tender notes continued to be issued but only in denominations of $1 (series 1928 only), $2 (1928, 1953, 1963), $5 (1928, 1953, 1963) and $100 (series 1966 only). The 1966 $100 note was the last issue of Red Seal notes and was used to satisfy the Act of May 31, 1878 requiring that $346,681,016 of Legal Tender notes always be in circulation. This figure was technically a percentage of all currency types in circulation in 1878. The Act requiring Legal Tender notes was finally discontinued in 1986. Of the small size Red Seals the series $1 note has an interesting history. It was printed in April and May of 1933 but most were released only in Puerto Rico in 1948.
    Today there is a dwindling supply of Legal Tender notes in circulation. As they are redeemed for Federal Reserve Notes, the notes are returned to the Treasury for destruction. Only collectors and dealers have preserved these interesting notes for posterity.
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