History lesson about money

[Pennyworth]

The United States one-dollar bill ($1) is the most common denomination of US currency. The first president, George Washington, painted by Gilbert Stuart, is currently featured on the obverse, while the Great Seal of the United States is featured on the reverse. The one-dollar bill has the second oldest design of all U.S. currency currently being produced, after the two dollar bill. The obverse debuted in 1963 when the $1 bill first became a Federal Reserve Note.The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957.An individual dollar bill is also less formally known as a one, a single, or a buck.The Bureau of Engraving and Printing says the average life of a $1 bill in circulation is 21 months before it is replaced due to wear. Approximately 45% of all U.S. currency produced today are one-dollar bills. [1] All $1 bills produced today are Federal Reserve Notes. One-dollar bills are delivered by Federal Reserve Banks in blue straps.http://en.wikipedia.org/wiki/United_Sta ... ollar_bill

[Pennyworth]

Pennyworth wrote:The United States one-dollar bill ($1) is the most common denomination of US currency. The first president, George Washington, painted by Gilbert Stuart, is currently featured on the obverse, while the Great Seal of the United States is featured on the reverse. The one-dollar bill has the second oldest design of all U.S. currency currently being produced, after the two dollar bill. The obverse debuted in 1963 when the $1 bill first became a Federal Reserve Note.The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957.An individual dollar bill is also less formally known as a one, a single, or a buck.The Bureau of Engraving and Printing says the average life of a $1 bill in circulation is 21 months before it is replaced due to wear. Approximately 45% of all U.S. currency produced today are one-dollar bills.[1] All $1 bills produced today are Federal Reserve Notes. One-dollar bills are delivered by Federal Reserve Banks in blue straps.http://en.wikipedia.org/wiki/United_Sta ... lar_billAt the present time, the U.S. dollar remains the world's foremost reserve currency. In addition to holdings by central banks and other institutions there are many private holdings which are believed to be mostly in $100 denominations. The majority of U.S. notes are actually held outside the United States. All holdings of US dollar bank deposits held by non-residents of the US are known as eurodollars (not to be confused with the euro) regardless of the location of the bank holding the deposit (which may be inside or outside the U.S.) Economist Paul Samuelson and others maintain that the overseas demand for dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate and the flow of trade to readjust. Milton Friedman at his death believed this to be the case but, more recently, Paul Samuelson has said he now believes that at some stage in the future these pressures will precipitate a run against the U.S. dollar with serious global financial consequences.[20]http://en.wikipedia.org/wiki/United_States_dollar

[Pennyworth]

THE TWO DOLLAR BILL..... The final change to $2 United States Notes came in 1963 when the motto IN GOD WE TRUST was added to the reverse over the Monticello. And, because dollar bills were soon to no longer be redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse. These $2 bills were officially discontinued in August 1966. http://en.wikipedia.org/wiki/United_Sta ... ollar_bill

[Pennyworth]

ACTUALLY THE DOLLAR BILL AS WE SEE IT TODAY DEBUTED IN 1957. WHEN THE DOLLAR BILL BECAME A FEDERAL RESERVE NOTE IN 1963 , IT CANCELLED OUT THE 'REDEEMABLE IN SILVER 'CLAUSE'...'WILL PAY TO THE BEARER ON DEMAND'SMALL CO-INCIDENCE HERE. IT GOES AGAINST JFK'S EXECUTIVE ORDER 11110 ON JUNE 4, 1963 REAL SILVER CERTICATES OF YESTERYEAR..... http://tim.inyourface.tv/silvercertificate.html

[Pennyworth]

Pennyworth wrote:ACTUALLY THE DOLLAR BILL AS WE SEE IT TODAY DEBUTED IN 1957. WHEN THE DOLLAR BILL BECAME A FEDERAL RESERVE NOTE IN 1963 , IT CANCELLED OUT THE 'REDEEMABLE IN SILVER 'CLAUSE'...'WILL PAY TO THE BEARER ON DEMAND'SMALL CO-INCIDENCE HERE. IT GOES AGAINST JFK'S EXECUTIVE ORDER 11110 ON JUNE 4, 1963 REAL SILVER CERTICATES OF YESTERYEAR..... http://tim.inyourface.tv/silvercertific ... ennedy.net - John F. Kennedy vs The Federal ReserveJOHN F. KENNEDY THE WHITE HOUSE, June 4, 1963. Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated ...http://www.john-f-kennedy.net/thefederalreserve.htm - Cached - SimilarExecutive Order 11110From Wikipedia, the free encyclopedia Executive Order 11110 was issued by President John F. Kennedy on June 4, 1963.This executive order allows the U.S. Secretary of the Treasury to issue $4.29 billion in silver certificates ($2 and $5 Notes) against silver bullion based on authority delegated by the President to the Secretary under the Thomas Amendment to the Agricultural Adjustment Act.[edit] PurposeSilver certificates were printed without interest. The Order was for the Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it. The Order was needed due to the passage of Public Law 88-36 which repealed the Silver Purchase Act and other related monetary measures. One result was that after the repeals, only the President could issue new silver certificates.[citation needed]The Federal Reserve System could replace the certificates, but only in larger denominations. The thrust of the Order returned the authority to issue new silver certificates (and specify denominations) back to the U.S. Treasury.This executive order allowed for the Federal Reserve System to distribute and exchange currency at lower denominations that met the growing economic need. The authoritative basis for the Order was substantially nullified in 1982 with the passage of Public Law 97-258.The Order was never directly reversed. However, Section 1(j) of Executive Order 10289http://en.wikipedia.org/wiki/Executive_Order_11110

[Pennyworth]

Well, I can't get rid of Dick Morris's NEWSMAX I tried to unsubscribe ...he comes back like clockwork. He is like Dan hard to shake, and like the first article posted on NWO; some truth mixed with a lot of prejudice, opinion , and fiction.Anyway, I caught this.. take note of :55http://video.newsmax.com/?bcpid=20972460001&bclid=22770166001&bctid=28217091001&s=al&promo_code=829A-1

[Pennyworth]

Chase....White House chief of staff declines JPMorgan invite http://www.reuters.com/article/rbssFina ... 1420090719

[Pennyworth]

Pennyworth wrote:Chase....White House chief of staff declines JPMorgan invite http://www.reuters.com/article/rbssFina ... 90719Hello, I don't know if this link that I posted has been overlooked or not.I think the contents are pivotal to the problems going on today ....Can I get some feedback or commentary or insight from our fellow posters on what they think of this link?

[Pasquale DiFabrizio]

Pennyworth wrote:Pennyworth wrote:Chase....White House chief of staff declines JPMorgan invite http://www.reuters.com/article/rbssFina ... 90719Hello, I don't know if this link that I posted has been overlooked or not.I think the contents are pivotal to the problems going on today ....Can I get some feedback or commentary or insight from our fellow posters on what they think of this link? I think it's very suspicious. Then again, referring back to my other postings about Israeli involvement in 9/11, I noticed that in the Wikipedia page about Rahm Emanuel, the reference to him having served in the Israeli Defense Force was REMOVED. Of course, you can find the reference in previous versions of the article. Here's the unedited page showing it the reference to his service in the Israeli Defense Forces.http://en.wikipedia.org/w/index.php?tit ... =291392586 and, of course, here's the current page.http://en.wikipedia.org/wiki/Rahm_emanuelNow why would they remove that? So, it doesn't surprise me that he wouldn't attend that particular bankers meeting.

[ChristophMessner]

Whose marionette is this small-headed youngster?