Plots For Real Money United States

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• When was paper money first printed in the U.S.? The U.S. Department of the Treasury first issued paper U.S. currency in 1862 to make up for the shortage of coins and to finance the Civil War. There was a shortage of coins because people had started hoarding them; the uncertainty caused by the war had made the value of items fluctuate drastically. Because coins were made of gold and silver their value didn't change much, so people wanted to hang onto them rather than buy items that might lose their value.
• What denominations of bills were first printed? The first paper notes were printed in denominations of 1 cent, 5 cents, 25 cents, and 50 cents.
• How long does money last? That depends on the denomination of the note. A $1 bill lasts 18 months; $5 bill, two years; $10 bill, three years; $20 bill, four years; and $50 and $100 bills, nine years. Bills that get worn out from everyday use are taken out of circulation and replaced.
• How much does $1 million weigh? That would depend on the denomination of the bills you use. Since there are 490 notes in a pound, if you used $1 bills it would weigh 2,040.8 pounds, but if you used $100 bills it would weigh only 20.4 pounds.
• How much money is printed each day? The Bureau of Engraving and Printing produces 38 million notes a day with a face value of approximately $541 million. That doesn't mean there is $541 million more money circulating today than there was yesterday, though, because 95% of the notes printed each year are used to replace notes already in circulation.
• How many pennies were made in 1998? There were more than 10 billion pennies made in 1998. The actual number of coins produced, by denomination, was as follows: pennies, 10,257,400,000; nickels, 1,323,672,000; dimes, 2,335,300,000; quarters, 1,867,400,000; half-dollars, 30,710,000.
• What percentage of bills are $1 notes? Almost half, 48 percent, of the notes printed by the Bureau of Engraving and Printing are $1 notes.
• What are the dimensions of U.S. paper currency? Our present currency measures 2.61 inches wide by 6.14 inches long, and the thickness is 0.0043 inches. Larger sized notes in circulation before 1929 measured 3.125 inches by 7.4218 inches.
• What is money made of?Coins are usually made of copper and another element, such as zinc or nickel. Currency paper is composed of 25 percent linen and 75 percent cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Before World War I these fibers were made of silk.
• Has a woman's portrait ever appeared on U.S. paper money? Martha Washington is the only woman whose portrait has appeared on a U.S. currency note. It appeared on the face of the $1 Silver Certificate of 1886 and 1891, and the back of the $1 Silver Certificate of 1896.
• What time is it on the Independence Hall clock on the back of the $100 bill? Though it would be difficult to tell without a magnifying glass, the hands of the clock in the steeple of Independence Hall are set at approximately 4:10.
• Has an African American ever appeared on U.S. currency? Paper money bears the signatures of four African American men who served as Registers of the Treasury (Blanche K. Bruce, Judson W. Lyons, William T. Vernon, and James C. Napier) and one African American woman who served as Treasurer of the United States (Azie Taylor Morton). No portraits of African Americans have appeared on paper money, but commemorative coins were issued in the 1940s bearing the images of George Washington Carver and Booker T. Washington, followed more recently by the release of a Jackie Robinson coin.
• The Mint once considered producing doughnut-shaped coins.
• The first Philadelphia Mint used harnessed horses to drive the machinery that produced coinage.
• A two-cent coin was minted between 1864 and 1873 and was the first coin to bear the motto 'In God We Trust'.
• Mint marks 'S','D','P', or 'W' designate the Mint facility which produced the coin.
• In 1943, the content of the penny was changed to zinc-coated steel due to copper shortage during World War II.
• George Washington first appeared on a commemorative dollar, with the Marquis de Lafayette, in 1899.
• Quarters were once made out of silver.
• Lady Liberty adorned the face of the quarter for over 100 years before being replaced by George Washington in 1932.
• The First Mint building was the first Federal building erected by the U.S. Government under the Constitution.
• The Lincoln penny is the only coin in which the figure faces right.

Plots For Real Money United States Paper

The Federal Reserve - Why US Currency is Not Real Money

Gold and silver are considered real money in most parts of the world. Even in the united states of America, legal tender was backed by gold or silver until 1968 when the Federal Reserve Bank, finally convinced the congress to allow the FRB to remove any kind of real money backing whatsoever.

Before we get into how the Federal Reserve Bank operates, we should comprehend what money is. So let us take a look at the definition of 'money' from before the Federal Reserve Bank 'changed' it for most Americans. In Black's Law Dictionary, 4th edition, we find,

“MONEY. In usual and ordinary acceptation it means gold, silver, or paper money used as circulating medium of exchange, And does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W.2d 74, 79, 81.”

So now we are all clear that 'money' means gold or silver or a paper representation of gold or silver. We will take a look at one of the 'paper representations' below. We also know that it does not mean a promisory note or an I owe you.

An understanding of how the Federal Reserve Bank operates in conjunction with the federal government is important to understand why we would no longer have a gold standard for currency. The Federal Reserve Bank purchases, at cost, currency from the United States. The cost is about 2 ½ cents per bill. It matters not whether the bill is a 1 dollar bill or a 1,000 dollar bill. The cost is 2 ½ each. The federal reserve bank then loans the money back to the federal government at face value and is paid back with interest. The interest is in the form of funds collected through the voluntary 'income tax' system.

If the FRB was required to back money with gold, then it could not have so much money at the stroke of a keyboard. All they have to do is tell the federal government when to print more money, the federal government then applies ink to paper, and presto, money magically appears.

One of the ways that the FRB has taken gold out of the standard is by, through the lending industry, not accepting gold or silver as a 'liquid asset'. What the lending industry is saying is 'We don't accept money as a liquid asset.' After wall, isn't that what gold and silver coins are? They are money. What some people do not realize, is the value of gold and silver has not risen in the last century. That is why the dollar amount imprinted on a one ounce gold coin is still $50. What has changed is the value of the currency that the federal government permits to be used. This currency is debt back by debt.

We used to back our money with gold or silver. US currency actually stated on the bill that it was redeemable for X amount of gold or silver or it was redeemable for X 'Dollars'. You won't find anything of the sort on a Federal Reserve Note.

The following is a ten dollar bill printed in 1934. Note the large print along the center bottom states, 'WILL PAY TO THE BEARER ON DEMAND TEN DOLLARS'. Obviously, that indicates that the bill itself is not in fact money at all, but guaranteed that the bearer would be paid money when he turned in the bill to the US Treasury or 'any Federal Reserve Bank'.

The fine print in view of Hamilton's gaze (Click on image for larger view) states, 'THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE, AND IS REDEEMABLE IN LAWFUL MONEY AT THE UNITED STATES TREASURY OR ANY FEDERAL RESERVE BANK.' (Empasis added) This serves as further evidence that this piece of paper is nothing more than a promissory note and is, in fact, not money. This piece of paper merely represent the guarantee of payment of money. So what has changed?

Now, we simply get the piece of paper. There is no money, just paper. It has no value other than what we give it. That is why the value of it continues to decline. There will come a day, as has happened in every country using a fiat money system, that the 'money' will be worthless and those who thought enough in advanced to take it upon themselves to collect real money, ie: gold and silver, will be the only people who will survive the fiat currency collapse. It is estimated that an once of gold will cost $1,000 by the year 2010. (As we can see from when this article was orignally posted on our old site, we have far surpassed the amount predicted. As a matter of fact, gold has just recently dipped back to $1,300 per ounce.) Have you purchased any gold coins yet? You better start.

Msn Money

I recommend purchasing both gold and silver coins. When the FRN system finally collapses, you will need some smaller coins to use in trade. One of the best places to trade for gold or silver coins is through Bullion Direct® in their Nucleo^™ Exchange. There you can buy and sell gold and silver with other individuals with Bullion Direct® serving as an intermediary. That way a 3rd party confirms what you are purchasing. You can then have them hold the gold in their safe or have them deliver it to you. Either way, you will own real money instead of fiat money.

You might find it hard to understand how the FRN system could collapse. For many decades the US dollar has been considered by the rest of the world as the most stable currency with which to trade. So even though a buyer and seller were neither located in the United States, they would still use the US dollar for the trade. For example, if Argentina sold oil to China, the US dollar is what China used to pay Argentina for the oil. When other countries stop using the US dollar for trading, the dollar will become more and more devalued making the cost of living soar. There are already numerous countries using other forms of curreny for trade due to the insecurity of the US dollar. The more others turn away from trading with the US dollar, the more likely this collapse. The day that no other country will take the US dollar in trade, will be the day that 49,000,000 (49 million) people on food stamps will be told by the US government, 'Sorry, we have no food stamps for you this month. We will notify you when we do.' What do you suppose will happen when 49,000,000 hungry people are told they will not receive their food benefit from the federal government?

How prepared are you?

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