New $ 20.00 Bill Unveiled

[Phaedrus]

Remarked Federal Reserve chairman Alan Greenspan, "In the end we knew that the challenge would be nearly insurmountable: to create a currency even more butt-ugly than the last incarnation of the $20 Monopoly currency, which is good for rent on properties up through Illinois Avenue, provided there are neither houses nor hotels present."

Well, OK, that's not what he said, but he did say "The soundness of a nation’s currency is essential to the soundness of its economy," which just tickles me to death given the Fed's constant manuevers to undermine the soundness of the American dollar.

Chairman Yoda speaks here.

And pictures of the increasingly Warholesque US $ 20.00 bill in case you haven't seen it:

It looks like a $20 that a cat peed on imho. The funny thing is, that these changes are in response to an astonishing 3900% increase in counterfeiting, which skyrocketed after the last change in the currency seven years ago ... which changes were put in effect to combat ... counterfeiting ... sigh.


Phaedrus

 

[FunkSoulBrother]

Phaedrus, I would assume that the big time conterfieters remained very constant. The reason the last 7 years saw an increase in counterfeiting was not the old bill design, but the computer (and laser printer) boom, which brought many amateurs to the game.

 

[Phaedrus]

A 3,900% increase in counterfeiting cannot be explained away by a rise in dilletante activity, FSB. A better explanation would be an utterly incompetent botch-job by the good folks at Gummint, Inc. It's not like scanners and high-quality printers did not exist in 1996. If the US Mint was taken by suprise by the rapid increase in quality by that technology, that makes one institution in the universe, versus everyone else plus my cat, who has a basic grasp on the idea that technology gets better over time generally speaking.


Phaedrus

 

[Jointpleasure]

I wouldn't necessarily just assume out of mere speculation that the extraordinary boom in countfeiting over the recent years was soley do to better technology capable of reproducing better quality and larger quantity of the fake stuff.

If you break down county by counter I think you will find that the Gore counties have clerks as well as managers working in their stores that would not know how to tell the difference between monopoly money from the real stuff. Liberals aren't known for their intelligence unless it's "how can I screw the people with money?"

Lord knows that it's the people who keep America economically sound that end up paying these Gore counties the counterfeited money ( and a whole lot more ).

 

[FunkSoulBrother]

There you go again with "gore counties" joint.

I guarantee you that 75% of the wealth in this country resides in "Gore counties". They are the ones supporting the rest of the country with thier tax dollars.