re: Most of Our Currency Notes Depict Slaveowners - Some Want to Revise It

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You could take them to the bank and receive that denomination of silver in return.

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That's not correct.

The silver certificates were labeled as such:



$5 silver certificates was redeemable for 5 ounces of silver from the U.S. Treasury.

U.S. Notes and Federal Reserve Notes are not the same as Silver Certificates.

A U.S. Note and Federal Reserve Note of the same denomination could purchase the same amount of silver (gas, clothes, cigarettes, cars or whatever you want to buy) today.

But there is still a fundamental difference between U.S. Notes and Federal Reserve Notes and that difference is in how each originates.

The story of Tubmam could be considered a work of fiction. They really don't know even if this is her true likeness.

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$5 silver certificates was redeemable for 5 ounces of silver from the U.S. Treasury.

U.S. Notes and Federal Reserve Notes are not the same as Silver Certificates.

A U.S. Note and Federal Reserve Note of the same denomination could purchase the same amount of silver (gas, clothes, cigarettes, cars or whatever you want to buy) today.

But there is still a fundamental difference between U.S. Notes and Federal Reserve Notes and that difference is in how each originates.

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Cool, thanks for the info! Like I said, my father has a bunch of all these notes and told me about them when I was a probably in my teens, so many years ago now. My recollection is both old and vague.

Put Obama on the penny.

The biggest problem is that many of the people featured on the dollar bills would probably revolt over our current monetary system.

What?

This is breaking news. The same people who want to destroy the US from within also want the founders likeness removed from their Marxist minted money.

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Yep, I don't like the guy at all.

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A lot to dislike about him. A lot to like about him. I tend to try and give our founders a pass on some of their positions; birthing a nation is a difficult business.

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Should go a step further. The currency should feature presidents who not only weren't slavers, but also have no slave owning ancestors.

I wonder if the Ds would take that deal....

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There are probably a shite load of Dims with slave owning ancestry....they need to relinquish all their possessions in the name of reparations.

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Cool, thanks for the info! Like I said, my father has a bunch of all these notes and told me about them when I was a probably in my teens, so many years ago now. My recollection is both old and vague.

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I'll quit being cryptic and cut to the chase. Federal Reserve Notes that represent most of our currency originate though debt, either through the Federal Reserve purchasing U.S. debt (called quantitative easing) and/or fractional reserve banking. U.S. Notes do not necessarily come with the issuance of debt. The U.S. Treasury has the constitutional authority to print them and place them into circulation through government expenditures and debt obligations, without having to sell debt (bill, notes, and bonds) if the U.S. Treasury is short on tax revenue (deficits). Going back to the use of U.S. Notes is part of the solution to our growing debt problem. Just ask Andrew Jackson. It's as simple as not using the credit card but still have the constitutional ability to print dollars to run the country. All we do now is use the credit card and look for zero interest balance transfer options everyday so we can make lower the monthly payments. We don't have to do this.

ETA: I'm talking about the difference between U.S. Notes and Federal Reserve Notes. They are different but most people do not know this.