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Posted: 12/8/2002 6:58:07 AM EDT
The Feds are coming out with colors and other changes for the larger bills. Does anyone know if the older bills will still be allowed to be used? Will it be like the Euro where people have to exchange their old national currencies for new greenbacks, er, colored bills?
Link Posted: 12/8/2002 7:01:18 AM EDT
Yes, every US state will be forced to give up its own currency and the new federal currency will be accepted in every state.
Link Posted: 12/8/2002 7:08:55 AM EDT
wonderful
Link Posted: 12/8/2002 7:10:47 AM EDT
Well the old money will probly still be good. I really doubt they change that, but I do bet that anytime greenbacks that have new 'racially divisive term'(colored) replacements go to a bank they never come out.
Link Posted: 12/8/2002 7:21:55 AM EDT
[b]Of course the old US money would be legal tender![/b] You wanna start a world-wide economic collapse? Just start the rumor that the old US bills would be no good by such-and-such a date! By the way, it was estimated that at one time, one-third of all US $100.00 bills were held by folks outside the United States! I'll bet that's still true today! Eric The(EasyMoney)Hun[>]:)]
Link Posted: 12/8/2002 7:45:27 AM EDT
Originally Posted By EricTheHun: By the way, it was estimated that at one time, one-third of all US $100.00 bills were held by folks outside the United States! I'll bet that's still true today! Eric The(EasyMoney)Hun[>]:)]
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Actually, I heard the same figure just the other day on the Discovery channel special about US currency. Pretty interesting.
Link Posted: 12/8/2002 7:49:02 AM EDT
Yeah It is kinda surprising the number of places around the globe that will take greenbacks if you run out of whatever currency is issued by that nation.
Link Posted: 12/8/2002 7:54:40 AM EDT
Originally Posted By Silence: Yeah It is kinda surprising the number of places around the globe that will take greenbacks if you run out of whatever currency is issued by that nation.
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Except for N. Korea....they just banned the use of the US dollar and everyone must have their greenbacks converted to Euros by a certain date. Good for them, now give us our money back, beetches....
Link Posted: 12/8/2002 7:57:06 AM EDT
I think the new colors are based on what ethnic group you are. Differant groups get differant colors, it's all based on the 2000 Census. Sgtar15
Link Posted: 12/8/2002 7:59:33 AM EDT
[Last Edit: 12/8/2002 8:00:05 AM EDT by DevilsAdvocate]
AHHhhh... One day closer to a cashless society. Of course the old bills will be destroyed. Not only that, it will be ILLEGAL to keep them in any large quantities other than souvenirs. What's going to happen is that there will be "something wrong" with the NEW "colorful" bills that will make them obsolete about 2 days after the old money is all destroyed. There will be lots of legislation signed really quick by both parties to take care of this "unfortunate" mistake. Ten reasons why 90% of the American sheeple will accept a cashless society without a fight. They will believe that; 1. You cannot lose it. 2. The new technology to work with a credits- only society will lead to more jobs. 3. You will not need to do your taxes as they will be done automatically for you. 4. No need to print money or mint coins looks like the government can "stop spending". 5. No money leaving the country illegaly. 6. No money coming in illegaly. 7. Gee, it's a really good way to track terrorists and people who buy bad things. 8. People like having cards with their name and photo on it. I dont know why, but they just do, It makes them feel like they "belong". 9. The security of a "dna" encoded card means you wont have money stolen. 10. Its good because the gubmint says so. 666
Link Posted: 12/8/2002 8:08:32 AM EDT
Originally Posted By EricTheHun: [b]Of course the old US money would be legal tender![/b] You wanna start a world-wide economic collapse? Just start the rumor that the old US bills would be no good by such-and-such a date! By the way, it was estimated that at one time, one-third of all US $100.00 bills were held by folks outside the United States! I'll bet that's still true today! Eric The(EasyMoney)Hun[>]:)]
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Eric, Of course the old money would still be legal tender...IN the countries that adopt the US bill as their own currency after it is banned here. I know you dont think we will ever be cashless, but then again, can you think of a better way to get all of the "bad" money out of a bad country? The entire world follows US currency. Changing it over to a new bill, or even going cashless is the best way to fight terrorism and banckrupt countries that support it. [b][blue]Revelation 13:17... And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [/blue][/b]
Link Posted: 12/8/2002 8:08:47 AM EDT
Any introduction of a 'cashless' economy would be the signal of the arrival of the Anti-Christ! I'll have no part of it! You will find me out at the Hun Farm, preparing for the Day, without any marks of any kind... Eric The(HonestToGod)Hun[>]:)]
Link Posted: 12/8/2002 8:16:49 AM EDT
Originally Posted By DevilsAdvocate: [b][blue]Revelation 13:17... And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [/blue][/b]
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666
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Why am I not surprised by these quotes?[V]
Link Posted: 12/8/2002 8:25:54 AM EDT
I thought this would be a Mcuzi thread.
Link Posted: 12/8/2002 8:27:03 AM EDT
Link Posted: 12/8/2002 8:44:09 AM EDT
Link Posted: 12/8/2002 9:34:04 AM EDT
Originally Posted By Paul: ...The newly designed money was in response to the "super bills" that were manufacutured in the mid-east in the 80's and 90's.
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Please elaborate on these "superbills" - never heard of these things - who did them, & what, were they counterfeits of our bills?
Link Posted: 12/8/2002 9:57:15 AM EDT
Super Bills are counterfeits of US currency that are nearly indistinguishable from real money. Most fakes, even the good ones, are easily spotted by trained inspectors that work for the treasury but super bills have to be heavily scrutinized to find the flaws identifying them as counterfeit. I'm not a money specialist, but I did watch a Discovery channel show on counterfeiting the night before last. FYI...the best counterfeits ever made* were done by a guy called "King Kong" in Bangkok. He even did some of the final touches by hand after printing them on a homemade press. He made an estimated $4M in $100 bills before they caught him and his notes had circled the globe. *This is not taking into account the foreign countries that are suspected of counterfeiting US notes, namely Iran.
Link Posted: 12/8/2002 10:37:28 AM EDT
Pardon the paranoia, but I do believe the old currency will become void. What a great way to hit the black market economy. The money might also have chips so that computers can track the movements of $100's. Personally I am not worried, since I only have hard currency in the house right now, pennies, dimes & nickles. [rolleyes]
Link Posted: 12/8/2002 11:01:07 AM EDT
Originally Posted By SS109: Pardon the paranoia, but I do believe the old currency will become void.
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No, the national reserve will slowly pull it out of circulation and destroy it, replacing the bills with new ones. Just like they are constantly doing. Once money is legal tender, it's always legal tender. It's not something that can be voided.
Link Posted: 12/8/2002 11:45:46 AM EDT
Not only that, it will be ILLEGAL to keep them in any large quantities other than souvenirs.
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Uhm, no, pack up your tinfoil hat, you're fired.
Link Posted: 12/8/2002 12:56:08 PM EDT
You can laugh at me all you want. Our government is chomping at the bit to get all money or "credits" traceable. Why do you think my tinfoil hat is on at the moment? (it is but thats another story...LOL) Seriously, have you ANY idea how much tax our government is losing (not being able to steal) by having "private transactions" take place? Private money transactions are NOT a Constitutional right. The only thing that currently allows them is the little disclaimer on the current notes that say it's legal tender for public or private transactions. Approximately 10% of the worlds economy is in the form of paper money. The U.S. probably has 35-40% of that 10% (3%-4% global total). It would be nothing for them discard the paper system, Yet their gain (taxes, terrorism tracing, ease of snooping, drug war use) would be phenomenal.
Link Posted: 12/8/2002 1:36:46 PM EDT
Originally Posted By Ponyboy: I'm not a money specialist, but I did watch a Discovery channel show on counterfeiting the night before last.
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I bet you did, Panama Red...
Link Posted: 12/8/2002 1:48:47 PM EDT
Originally Posted By Ponyboy: Once money is legal tender, it's always legal tender. It's not something that can be voided.
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Try paying for a beer and dumplings in a Munich restaurant with that: [img]http://www.usagold.com/onlinestore/images/cookstove.jpeg[/img]
Link Posted: 12/8/2002 1:58:36 PM EDT
Ponyboy, I watched that program too. I thought king kong was an idiot. That guy had alot of skill and he put so much time into those fake bills. He could of got a legit job and made as much money. It seemed as if he was putting 100hrs into each bill.
Link Posted: 12/8/2002 2:04:00 PM EDT
Originally Posted By Kar98:
Originally Posted By Ponyboy: Once money is legal tender, it's always legal tender. It's not something that can be voided.
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Try paying for a beer and dumplings in a Munich restaurant with that: [url]http://www.usagold.com/onlinestore/images/cookstove.jpeg[/url]
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Sure, as soon as you tell me what those have to do with United States Legal Tender Dollars?
Link Posted: 12/8/2002 2:18:19 PM EDT
Originally Posted By Ponyboy:
Originally Posted By Kar98:
Originally Posted By Ponyboy: Once money is legal tender, it's always legal tender. It's not something that can be voided.
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Try paying for a beer and dumplings in a Munich restaurant with that: [url]http://www.usagold.com/onlinestore/images/cookstove.jpeg[/url]
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Sure, as soon as you tell me what those have to do with United States Legal Tender Dollars?
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Mmmmm Beer and Dumplings... Somebody got the munchies?
Link Posted: 12/8/2002 2:24:45 PM EDT
Ponyboy, the claim was made that legal tender can never be devoided. I showed one example of money to the contrary.
Link Posted: 12/8/2002 2:31:42 PM EDT
Originally Posted By Kar98: Ponyboy, the claim was made that legal tender can never be devoided. I showed one example of money to the contrary.
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Right, you showed an example of money but it's not legal tender in the US. US notes are not worth anything until they are designated legal tender and from then on they can be used as currency. Every note ever distributed by the federal government in the US that has been deemed legal tender is still worth exactly it's face value, at least. $10,000 bills were pulled decades ago but I could take one to any bank today and get change for it. Since this whole thread was specifically about US dollars I thought that everyone would know that I was also speaking specifically about US dollars. Sorry for any confusion....
Link Posted: 12/8/2002 2:37:03 PM EDT
50 terrorist with a little determination could turn this country into a cashless society in one week. Let's say that Ackhbar and his cronies take the reciepts of the day from their hotel, Circle K, or strip bar and dumps some smallpox spores on them. Into the night deposit of the local bank it goes and from there, the world. By the time mofos start dying the contamination would be systemic. Checks and plastic only! Could it happen? You tell me.
Link Posted: 12/8/2002 2:42:53 PM EDT
Originally Posted By Pangea: 50 terrorist with a little determination could turn this country into a cashless society in one week. Let's say that Ackhbar and his cronies take the reciepts of the day from their hotel, Circle K, or strip bar and dumps some smallpox spores on them. Into the night deposit of the local bank it goes and from there, the world. By the time mofos start dying the contamination would be systemic. Checks and plastic only! Could it happen? You tell me.
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[B]SMALLPOX SPORES?[/B]
Link Posted: 12/8/2002 2:43:47 PM EDT
I've never seen such paranoia in my life. They are REDESIGNING the paper currency. No NWO scheme to track you, no big push to go to a "cashless" society. They are adding some color. That's it. Old notes will be legal tender. Did you see the Fed void the "old" style currency after the big head redesign? NO! Loosen up the tin-foil hats boys. Av.
Link Posted: 12/8/2002 8:08:48 PM EDT
Well I heard of one place that started paying people who dont do direct deposit with something like a debit card. Disturbing?
Link Posted: 12/8/2002 8:25:37 PM EDT
Originally Posted By SS109: The Feds are coming out with colors and other changes for the larger bills. Does anyone know if the older bills will still be allowed to be used? Will it be like the Euro where people have to exchange their old national currencies for new greenbacks, er, colored bills?
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Previous money will [b]NOT[/b] be repudiated. Which is why the anti-counterfeiting changes don't really make a difference. All the money made since the end of the "National Banks" is still good. Counterfeiters can go on making fake old-style bills..... Scott [url]http://www.banknotes.com/MO68.JPG[/url] [url]http://www.banknotes.com/MK15.JPG[/url] [url]http://www.banknotes.com/MG82.JPG[/url] [url]http://www.banknotes.com/MG75.JPG[/url] [url]http://www.banknotes.com/MG76.JPG[/url] [url]http://www.banknotes.com/MG78.JPG[/url] [url]http://www.banknotes.com/MG79.JPG[/url] [url]http://www.banknotes.com/MV4.JPG[/url] [url]http://www.banknotes.com/MV3.JPG[/url]
Link Posted: 12/8/2002 8:31:31 PM EDT
Originally Posted By Paul: Some famous politicians in my collection: [url]http://photos.ar15.com/WS_Content/ImageGallery/IG_LoadImage.asp?iImageUnq=1145[/url] Sadam Hussain [url]http://photos.ar15.com/WS_Content/ImageGallery/IG_LoadImage.asp?iImageUnq=1146[/url] Lennon [url]http://photos.ar15.com/WS_Content/ImageGallery/IG_LoadImage.asp?iImageUnq=1144[/url] Bill Clinton Even the Iraq, the old USSR, and Indonesia have better looking money then ours ... but then ours is still the one they trade in. We do loose billions of dollars a year due to the counterfitting that goes on. Some other countries actually print our money in an attempt to destroy us. This cheapens our money, stealing money from our treasury without even entering the country. The newly designed money was in response to the "super bills" that were manufacutured in the mid-east in the 80's and 90's.
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1GunRunner and the other people on slow dial-up connections hate it when we IMG tag the pics of all these bills..... Scott [url]http://www.banknotes.com/MR7.JPG[/url] [url]http://www.banknotes.com/MR8.JPG[/url] [url]http://www.banknotes.com/MR9.JPG[/url]
Link Posted: 12/8/2002 8:37:11 PM EDT
Originally Posted By SS109: The money might also have chips so that computers can track the movements of $100's. [rolleyes]
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Uh, every denomination from $5 on up already has the plastic strip in it. It can be read by special readers used by blind people. What makes you think it doesn't also have the capability of being detected at a distance??? Scott [url]http://www.banknotes.com/ID135.JPG[/url] [url]http://www.banknotes.com/ID137.JPG[/url] [url]http://www.banknotes.com/ID141.JPG[/url]
Link Posted: 12/8/2002 8:39:17 PM EDT
[Last Edit: 12/8/2002 8:41:27 PM EDT by DScottHewitt]
Originally Posted By Kar98:
Originally Posted By Ponyboy: Once money is legal tender, it's always legal tender. It's not something that can be voided.
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Try paying for a beer and dumplings in a Munich restaurant with that: [url]http://www.usagold.com/onlinestore/images/cookstove.jpeg[/url]
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I believe he is referring to the current United States practice of never repudiating our legal tender. So far..... Scott [url]http://www.banknotes.com/ID114.JPG[/url] [url]http://www.banknotes.com/IEN74.JPG[/url] [url]http://www.banknotes.com/IT114.JPG[/url]
Link Posted: 12/8/2002 8:47:04 PM EDT
Originally Posted By 1_153_370_371_407:
Originally Posted By Pangea: 50 terrorist with a little determination could turn this country into a cashless society in one week. Let's say that Ackhbar and his cronies take the reciepts of the day from their hotel, Circle K, or strip bar and dumps some smallpox spores on them. Into the night deposit of the local bank it goes and from there, the world. By the time mofos start dying the contamination would be systemic. Checks and plastic only! Could it happen? You tell me.
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[B]SMALLPOX SPORES?[/B]
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I am guessing he is thinking of anthrax when he says "spores"..... Scott [url]http://www.banknotes.com/DK55.JPG[/url] [url]http://www.banknotes.com/DK56.JPG[/url] [url]http://www.banknotes.com/DK57.JPG[/url] [url]http://www.banknotes.com/DK58.JPG[/url] [url]http://www.banknotes.com/DK59.JPG[/url]
Link Posted: 12/8/2002 9:20:28 PM EDT
I did several threads on money re-design a few days ago. Here are links from this site and other forums: [url]http://www.ar15.com/forums/topic.html?b=1&f=5&t=157616&w=searchPop[/url] [url]http://www.ar15.com/forums/topic.html?b=1&f=5&t=157611&w=searchPop[/url] [url]http://www.ar15.com/forums/topic.html?b=1&f=5&t=157607&w=searchPop[/url] [url]http://www.full-auto.com/ubb/ultimatebb.php?ubb=get_topic;f=1;t=003302#000010[/url] [url]http://www.full-auto.com/ubb/ultimatebb.php?ubb=get_topic;f=1;t=003303#000012[/url] [url]http://www.glocktalk.com/showthread.php?s=&threadid=119329[/url] [url]http://www.glocktalk.com/showthread.php?s=&threadid=119324[/url] [url]http://www.glocktalk.com/showthread.php?s=&threadid=119319[/url] The thread that stirred up my desire to share my hobby: [url]http://www.glocktalk.com/showthread.php?s=&threadid=119007[/url] Two gold threads on GlockTalk: [url]http://www.glocktalk.com/showthread.php?s=&threadid=119976[/url] [url]http://www.glocktalk.com/showthread.php?s=&threadid=110828[/url] Some good places to view foreign banknotes: [url]http://www.banknotes.com[/url] [url]http://teasel.com/dave/index.html[/url] Scott [url]http://www.banknotes.com/KG18.JPG[/url] [url]http://www.banknotes.com/KG17.JPG[/url] [url]http://www.banknotes.com/KG16.JPG[/url] [url]http://www.banknotes.com/KG15.JPG[/url] [url]http://www.banknotes.com/KG14.JPG[/url] [url]http://www.banknotes.com/KG13.JPG[/url]
Link Posted: 12/9/2002 5:01:30 PM EDT
More goverment stupidity? Why change the money and make it harder to counterfeit if you still allow the old counterfeit dollar bills to be used?
Link Posted: 12/10/2002 5:50:30 AM EDT
[Last Edit: 12/10/2002 5:50:58 AM EDT by Avalon01]
Because paper money has a lifespan. Look how often you find old $20's and $50's now. You don't get them all that often in change anymore. Why cause a panic and tell people their money will be no good by X date, when you can just introduce the new bills as paper money is replaced. Av.
Link Posted: 12/10/2002 9:43:55 AM EDT
With Microsoft designing the new bills, (get it, bills, Bill...oh nevermind...) we should have a SP2 update available in about a month after issue. They will also have the tracking strips that will be able to spot you from space and count your money, and look into yuor pants
Link Posted: 12/10/2002 10:05:44 AM EDT
I take offense at the racial overtones of the title of this thread!!!! IBTL
Link Posted: 12/10/2002 10:18:55 AM EDT
HAHA man I was just about to say that!
Link Posted: 12/10/2002 10:27:15 AM EDT
Originally Posted By Ponyboy:
Originally Posted By Kar98:
Originally Posted By Ponyboy: Once money is legal tender, it's always legal tender. It's not something that can be voided.
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Try paying for a beer and dumplings in a Munich restaurant with that:
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Sure, as soon as you tell me what those have to do with United States Legal Tender Dollars?
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I am afraid it has a lot to do with the US dollar. [img]http://www.bsu.edu/web/bbr/IBB/US/m2.gif[/img] The money supply has grown 23% since 2000. Interesting, especially since government spending has increased greatly without tax hikes to finance them. I guess the plan is just print money like crazy and keep lowering interest rates. Borrow, borrow, inflate, inflate. It's only a matter of time before inflation really starts kicking in. It wont be as bad as Weimar Germany, but I think there's going to be a double whammy of unemployment and rising inflation very soon.
Link Posted: 12/10/2002 11:20:57 AM EDT
Don't let it happen to you. Look at that ugly colored Canadian money. No wonder nobody wants it anymore. Quick way to devalue your currrency
Link Posted: 12/10/2002 11:37:06 AM EDT
yes, greenbacks will always be legal tender. they will, however, be slowly removed from circulation. just like we no longer mint the 1792 silver dollars, but if you have one, it is still legal tender worth $1. granted, you can sell it to a collector for much more than that ... but it's still legal tender.
Link Posted: 12/10/2002 3:25:31 PM EDT
Or maybe they will just lop off a zero or two like Mexico. The US New Dollars.
Link Posted: 12/25/2002 11:24:27 PM EDT
The reason that the anti-counterfeiting "updates" do not work is because when they change U.S. money, old money is still good. The only way to stop the counterfeiting of U.S. older style notes, is to do an "exchange", as was done with the Euro..... Scott
Link Posted: 12/25/2002 11:32:53 PM EDT
Abe Lincoln almost saved us from the this current mess.
Link Posted: 12/25/2002 11:35:39 PM EDT
Originally Posted By 7_62___for_me: Abe Lincoln almost saved us from the this current mess.
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You mean when he put the country in a situation where they used [b]POSTAGE STAMPS[/b] for change? Scott
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