Posted on 10/17/2013 4:56:31 AM PDT by djf
All rats are racist.
They pay people to live in poverty.
That way, they buy their votes.
Where is the expiration date?
I love the serial number that starts with JB and ends with T. How appropo.
I’m out in Vegas and have seen quite a few of them this week :-)
Truthfully, in future I imagine an end to currency paper which is composed of 75% cotton and 25% linen (from flax), in favor of much more durable hemp paper currency, possibly reinforced with polymers such as polyester.
100% hemp fabric has 62% greater tear strength and 102% greater tensile strength than cotton. Polyester is even stronger.
A very big, but hidden problem with the dollar is a perpetual shortage of paper currency, with existing supplies only large enough to back 4% of US daily retail trade. The Bureau of Engraving and Printing (BEP) prints mostly $1 bills, which have a typical lifespan of six months. They also print proportionately fewer higher denomination bills.
If bills lasted longer, a year or more, over decades the amount of paper currency in the economy would slowly increase, assuming our virtual currency didn’t experience reckless inflation.
The unusual feel of currency today, from the cotton linen blend, would be just as unusual with a hemp and synthetic blend, as refined hemp has a silky feel, and looks much like silk.
Another big advantage is that hemp can grow in marginal farmland, with little irrigation, fertilizer and pesticide, so would not displace our food farmland.
Some states tried variations of time-dependent currency during the 1929 Depression (dated to differentiate it from the current one).
An interesting article, whose ideas may be resurrected in the near future Stamp Scrip in the Great Depression: Lessons for Community Currency for Today?"
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