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#1
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My Letter to the Senate
I'll probably get flamed for this, but here goes nothing.
Dear Senator Kennedy, I am writing you on the interest of modernizing the United States currency system. Here are my suggestions: The $1 and $2 Federal Reserve notes should be redesigned to conform the NexGen series Federal Reserve notes. I know that the purpose of redesigning the currency is for detering counterfeiting, and the $1 and $2 notes aren't counterfeited much, but the $1 and $2 notes should be redesigned to keep the currency uniformed, even if they don't have security features. The $1 and $2 notes should have at least a watermark and security strip to deter bleaching $1 and $2 notes and printing higher denominations on the genuine currency paper. I have heard stories of people looking for watermarks and security strips on $1 and $2 notes and people sometimes think they are fake because they don't have these features. Also, there has been no decissions on whether to redesign the $5 and $10 Federal Reserve notes to conform the NexGen series, so legislation should also be introduced to ensure a redesign of these denominations as well. Another thing that should happen is the issuance of a new $200 Federal Reserve note, a reissue of the $500 Federal Reserve note, and since the 500 Euro note sometimes becomes worth more than $500 USD, we should also have a reissue of the $1,000 Federal Reserve note. The United States should have a higher denomination banknote than the Euro to ensure United States currency as a strong and conveinient store of wealth in other countries. I know these large denominations were discontinued on July 14, 1969, due to lack of use, but I think there would be more use for these high denominations today than there was when they were last issued. In a congressional testimony, it was stated that a $100 Federal Reserve note, going back 20 to 30 years, was about equal to a $500 note today. I also like to pay for large and expensive items in cash, and a few $200, $500, or $1,000 notes would be much more conveinient than a wad of $100 notes, and would be less noticable by muggers when carried. As for drug dealers using these large denominations, I don't think these large denominations will help crime doers much because I have read that they mainly like to use $5, $10, and $20 Federal Reserve notes. Finally, I have read that, when the Treasury first started issuing currency, there were plans for a $3 Federal Reserve note that somehow got dropped. Could you please try to resurrect those plans? I know a $3 note wouldn't circulate much, but it would be a nice gift idea, or collector's item for coin and currency collectors, which may raise the government some money. The $3 note should also have the watermark and security strip to ensure people it is a new and current denomination. Please consider introducing legislation in these areas. Thank You for your time. Sin cerely, Tom I'll be waiting for the flames you guys will throw at me. Let 'er rip! |
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#2
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Tom wrote: Dear Senator Kennedy, a very big snip Tom your ideas may
appeal to Senator Kennedy if he reads them at the bar or he might just use your letter as a coaster for his drink : ) |
#3
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#4
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No flame from me on the content of your letter, Tom. For me, though, I'd
rather drop the FBI-RD all together and use dollar coins. An updated deuce wouldn't be a bad idea until we get our own $2 coin. A $3 bill? Hmmm. I agree with the need for $200, $500 and $1,000 notes. Jerry Don't feel bad that you got Ted; I got stuck with Hillary :-( "Tom" of Malanutt4life proposes: I'll probably get flamed for this, but here goes nothing. Dear Senator Kennedy... Snipped for brevity. Read the original post. I'll be waiting for the flames you guys will throw at me. Let 'er rip! |
#5
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Why stop at $1000. There is a tremendous need for $1,000,000 (yes, one
million) notes when paying off the damages that juries are levying in malpractice suits. Look at all the profit the government will make from collectors like you who must have one, and never spend it. Besides, you brought up the prestige angle, and nobody can match it, unless it is Turkey, that must have multi-million lira notes. Today's rate is 1,427,000 lira to the dollar, so they probably have 100,000,000 lira notes. I wouldn't ask the US to issue this high a denomination, because only Bill Gates may want one. Tony "Malanutt 4 Life" wrote in message ... I'll probably get flamed for this, but here goes nothing. Dear Senator Kennedy, I am writing you on the interest of modernizing the United States currency system. Here are my suggestions: The $1 and $2 Federal Reserve notes should be redesigned to conform the NexGen series Federal Reserve notes. I know that the purpose of redesigning the currency is for detering counterfeiting, and the $1 and $2 notes aren't counterfeited much, but the $1 and $2 notes should be redesigned to keep the currency uniformed, even if they don't have security features. The $1 and $2 notes should have at least a watermark and security strip to deter bleaching $1 and $2 notes and printing higher denominations on the genuine currency paper. I have heard stories of people looking for watermarks and security strips on $1 and $2 notes and people sometimes think they are fake because they don't have these features. Also, there has been no decissions on whether to redesign the $5 and $10 Federal Reserve notes to conform the NexGen series, so legislation should also be introduced to ensure a redesign of these denominations as well. Another thing that should happen is the issuance of a new $200 Federal Reserve note, a reissue of the $500 Federal Reserve note, and since the 500 Euro note sometimes becomes worth more than $500 USD, we should also have a reissue of the $1,000 Federal Reserve note. The United States should have a higher denomination banknote than the Euro to ensure United States currency as a strong and conveinient store of wealth in other countries. I know these large denominations were discontinued on July 14, 1969, due to lack of use, but I think there would be more use for these high denominations today than there was when they were last issued. In a congressional testimony, it was stated that a $100 Federal Reserve note, going back 20 to 30 years, was about equal to a $500 note today. I also like to pay for large and expensive items in cash, and a few $200, $500, or $1,000 notes would be much more conveinient than a wad of $100 notes, and would be less noticable by muggers when carried. As for drug dealers using these large denominations, I don't think these large denominations will help crime doers much because I have read that they mainly like to use $5, $10, and $20 Federal Reserve notes. Finally, I have read that, when the Treasury first started issuing currency, there were plans for a $3 Federal Reserve note that somehow got dropped. Could you please try to resurrect those plans? I know a $3 note wouldn't circulate much, but it would be a nice gift idea, or collector's item for coin and currency collectors, which may raise the government some money. The $3 note should also have the watermark and security strip to ensure people it is a new and current denomination. Please consider introducing legislation in these areas. Thank You for your time. Sin cerely, Tom I'll be waiting for the flames you guys will throw at me. Let 'er rip! |
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#8
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"Eddie '/Hi There!'/ Lowther" wrote in message
om $500 = Garfeild (obverse, Niagra Falls Electric Dam/Generator) Cheers E"HT"L Would that be Garfeild (sic) the cat or the President? :-) -- Ed Hendricks ANA# R178621 eBay: edh. |
#9
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"Malanutt 4 Life" wrote in message ... I'll probably get flamed for this, but here goes nothing. Dear Senator Kennedy, I am writing you on the interest of modernizing the United States currency system. Well, since you get stuck writing to Kennedy, why not suggest $0 bills, that way he can have the government print lots of notes on paper from his backyard paper producer that are worth less than the paper they're printed on. People will soon realize this and take the $0 bills out of circulation, hoarding them for their paper value, creating a higher demand for the paper they're printed on. The government can then buy back the hoarded notes at $x per ton for recycling, and then collect capital gains tax from the people that turn them in, thus funding production of more $0 notes. John Baumgart |
#10
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"DRACO" wrote in message om... I like the fact that one hundred dollars equal five hundred Euro's. Keeps the dollar strong overseas. $100 U.S. is currently worth about 80 Euros. |
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