Originally posted by: Boosibri Glad to see Hamilton staying and Jackson going.
Id rather remove both, but if I had to choose to keep only one, I'd keep Jackson. But as previously mentioned, Jackson definitely wouldn't like the idea of central bank notes anyway, let alone being depicted on one.
I'm not a fan of Hamilton's hand in the establishment of a privately-run central bank for the United States, which Jefferson and Madison both objected to and Jackson finally killed off.
That Hamilton is staying and Jackson is going is just another illustration of who really pulls the (purse) strings.
Jackson has long been an overrated president in large part because of the Pulitzer Prize winning book by Arthur Schlesinger, Jr., The Age of Jackson. In reality Jackson's "bank war" with The Bank of the United States was one of the major contributing factors that led to the Panic of 1837, which was a major economic depression. Jackson deserves high marks for his opposition to the nullification movement, which was one of the first crises that would lead to the Civil War. He gets much lower marks for his treatment of the American Indian before and while he was president, and his economic policies.
I fully support the removal of Jackson from the $20 bill and the retention of Alexander Hamilton on the $10 bill. Hamilton was founder of much of our modern monetary system, and his ideas concerning the need for a central bank were spot on. There is a strong need for a modern economic system to have a central bank regardless of what some far right wing people believe. The Gold Standard is an archaic and simple minded theory. In truth it didn't work that well in the simpler times when it was tried.
One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
Any privately-owned "central bank" is an abomination and is the ultimate mechanism for the formation of a "debtor's prison" for the people. Jefferson stringently warned against such a thing. Hamilton was in favor of establishing a privately-owned central bank. In fact, right off the bat, Hamilton's proposal put the United States in debt to that bank.
A crisis like that of 1837 was inevitable. Had Jackson not eliminated the Bank of the United States, the crisis could have been delayed, but it could have been much worse when it eventually came. It is a fallacy to automatically assume that central banking stabilizes an economy. Just look at the crises of 1929 and 2008 for examples.
And it is also a fallacy to claim that central banking is necessary for economic growth and a Gold Standard hinders such growth. Economic growth and industrialization of the United States occurred to a great degree from the end of the Civil War onward. Much of that occurred prior to the establishment of the Federal Reserve in 1913. Take a look at all this economic activity going on in San Francisco in 1905, during the gold standard era and without a central bank: San Francisco Trolley Ride and Street Scenes 1905
PS: I reject the notion that opposition to central banking is limited to only "right wing" points of view. As evidence, just look at the "occupy Wall Street" and "99%" movements.
It'd sure be nice to have, oh, I don't know, *something* to indicate to the sight-impaired or blind that they just got a $5 in change and not a $20.
That's why they put a large number on the back corner of the bill to help the sight impaired. Also, there are small hand held electronic scanners that will tell you the bill's denomination. They've been around since at least the 1970's. The federal building where I worked at in the 1970's had a concession area and the guy who ran it was totally blind. These concession stores were reserved for disabled veterans and they weren't charged any rent. During the Korean war, the soldier next to him stepped on a land mine which killed his friend and blinded him. He had one of these scanners and when he scanned a bill a speaker would tell him the value of the bill. I always thought it was pretty neat even after several decades. He had a method of folding different denominations of bills in different ways and putting them in different parts of his wallet to make it easy for him to locate the bill he was looking for.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Originally posted by: BillJones One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
No it isn't. Look up Ludwig von Mises and Austrian economic theory. Friedrich Hayek "seriously studied economic history," and won a Nobel Prize for his contribution to Austrian business cycle theory.
Originally posted by: Boosibri Glad to see Hamilton staying and Jackson going.
Id rather remove both, but if I had to choose to keep only one, I'd keep Jackson. But as previously mentioned, Jackson definitely wouldn't like the idea of central bank notes anyway, let alone being depicted on one.
I'm not a fan of Hamilton's hand in the establishment of a privately-run central bank for the United States, which Jefferson and Madison both objected to and Jackson finally killed off.
That Hamilton is staying and Jackson is going is just another illustration of who really pulls the (purse) strings.
Jackson has long been an overrated president in large part because of the Pulitzer Prize winning book by Arthur Schlesinger, Jr., The Age of Jackson. In reality Jackson's "bank war" with The Bank of the United States was one of the major contributing factors that led to the Panic of 1837, which was a major economic depression. Jackson deserves high marks for his opposition to the nullification movement, which was one of the first crises that would lead to the Civil War. He gets much lower marks for his treatment of the American Indian before and while he was president, and his economic policies.
I fully support the removal of Jackson from the $20 bill and the retention of Alexander Hamilton on the $10 bill. Hamilton was founder of much of our modern monetary system, and his ideas concerning the need for a central bank were spot on. There is a strong need for a modern economic system to have a central bank regardless of what some far right wing people believe. The Gold Standard is an archaic and simple minded theory. In truth it didn't work that well in the simpler times when it was tried.
One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
Any privately-owned "central bank" is an abomination and is the ultimate mechanism for the formation of a "debtor's prison" for the people. Jefferson stringently warned against such a thing. Hamilton was in favor of establishing a privately-owned central bank. In fact, right off the bat, Hamilton's proposal put the United States in debt to that bank.
A crisis like that of 1837 was inevitable. Had Jackson not eliminated the Bank of the United States, the crisis could have been delayed, but it could have been much worse when it eventually came. It is a fallacy to automatically assume that central banking stabilizes an economy. Just look at the crises of 1929 and 2008 for examples.
And it is also a fallacy to claim that central banking is necessary for economic growth and a Gold Standard hinders such growth. Economic growth and industrialization of the United States occurred to a great degree from the end of the Civil War onward. Much of that occurred prior to the establishment of the Federal Reserve in 1913. Take a look at all this economic activity going on in San Francisco in 1905, during the gold standard era and without a central bank: San Francisco Trolley Ride and Street Scenes 1905
PS: I reject the notion that opposition to central banking is limited to only "right wing" points of view. As evidence, just look at the "occupy Wall Street" and "99%" movements.
Hamilton's bank model was inspired by the Bank of England which was privately owned but bore the responsibility for bringing stability to the British banking system. Was Hamilton's model flawed? Yes. Private for-profit ownership of any portion of the bank should not have been part of the model.
When times are tough, private bankers tend to pull in their horns, which is a prudent policy for a for-profit institution. That runs counter to the need to increase liquidity during an economic down turn. Conversely a for-profit bank tends to keep making loans during over heated economic expansions. At those times putting on the breaks is very much in order. The modern Federal Reserve turns a profit as a by-product of its operations, but that's not the purpose of the institution.
I suppose that "golden period" for you was the period between the end of the Civil War and 1913 when the Federal Reserve Banking System was created. During those years there was solid reform led by the National Bank Act, which resulted in "National Bank Notes," and the tax on privately issued bank notes, which ended that corrupt system. Before that, the largely unregulated state banks could issue paper in unlimited quantities if they wanted to, which ended in economic disaster for anyone who was holding currency from a defunct bank. During that "golden period" there were the Panics of 1873, 1893 and 1907 plus a mini panic when Jim Fisk and Jay Gould tried to corner the gold market.
As for going back on the gold standard, that concept is ludicrous. What will the gold price be? One hundred thousand dollars an ounce? A million dollars an ounce? A hundred million dollars an ounce? There is not enough gold in the world to support a meaningful gold standard for The United States or any other developed country.
And yes, the gold standard can artificially restrict the money supply which might or might not be appropriate. Why should monetary policy be controlled by the supply of a specific commodity? Why start a depression simply because the money supply has be controlled by the amount of gold a country has in its vaults at an arbitrary fixed price? That kind of thinking started the Panic of 1893.
I don't even know why you bring up Occupy Wall Street and the 99% bunch. Those people are simply socialists and anarchists who think that the world owes them a living. They are ignorant nihilists, most of whom don't even know how the old Soviet Union worked (or didn't work) with their Five Year Plans. They should be part of the lunatic fringe although it seems they are becoming the heart and soul of "progressive thought."
Thomas Jefferson which was in the most poorly informed of all the founding fathers on the subjects of business and economics. His idea of utopia was to have the majority of citizens, half starved, trying to scratch out a living on subsistence farms. His world only worked with slavery, which was why he was never able to give it up despite his high sounding principles. He knew nothing about banking and finance. The ending legacy of his presidency was the disastrous trade embargo that he imposed which created a domestic economic depression and did nothing to fix the problems we were have with the British and the French.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Ok, they just now announced the decision, Hamilton stays on the 10, Harriet Tubman replaces Jackson on the 20, historical civil rights leaders going onto the 5.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Why the Twenty Dollar Bill? What is the significance, other than to remove Jackson from it? Just about every person portrayed on our circulating currency has skeletons in their closet.
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
Iconic American symbols, such as the flag, should be on US Currency.
Liberty too. And don't forget those education notes of the 1890's had some wonderful vignettes. Modern depictions of those and achievements since would be great. Just not dead people.
So, I am guessing that saving any CU Jackson $20 might be a good idea for posterity?
I am fairly certain that the majority of us here has seen "doodling" and other "enhancements" to paper money...who is going to scream bloody murder when it happens to her portrait?
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
I bought 2 of these Hamilton 10$ bills as a keepsake just because the decision on the exchange - Now I have to remove them from the collection because they don't interest me anymore
This one #3 and the last one of course gets a place of honor in the collection - The numbers - 0-6-9
Abraham Lincoln (February 12, 1809 – April 15, 1865) 5$ bills are WOW with the numbers - wanted: 02121809 04151865 Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$ Wanted - 10$ Sereis 2013 - fancy Serial Numbers
Ok, they just now announced the decision, Hamilton stays on the 10, Harriet Tubman replaces Jackson on the 20, historical civil rights leaders going onto the 5.
I have a great idea for "historical civil rights leaders" on the five dollar bill:
how about the guy that issued the Emancipation Proclamation? That would be a great choice!
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I am not a fan of Jackson but a fan of Hamilton. I think it is a good move.
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
Originally posted by: DIMEMAN Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness. I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness.
I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
This design change will be well publicized especially before the election.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Originally posted by: DIMEMAN Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness. I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
This design change will be well publicized especially before the election.
Who the heck is Harriet Tubman????? Leave Jackson please.
Harriet who???
At least leaving Hamilton won't impact the surest of bar bets. Bet someone big bucks they can't name the four presidents on a $1, $5, $10, and $50 bill.
Is there anything to prevent a future Republican administration from taking FDR off the dime and putting Ronald Reagan there in his place?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
She took enormous risks to help oppressed people become free. Not just once, but many times.
She wasn't born into her position. She didn't marry into it. Quite the opposite.
Her life story symbolizes what America stands for, or should stand for.
This isn't political correctness. It is honoring someone who deserves to be honored in this fashion.
Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
One of the "reasons" to drop Jackson was that he owned slaves. Now.... I suppose Washington will be gone next!!!
Let's not forget Jefferson.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Harriet Tubman (Born Araminta Ross 1822-1913) was an African American Abolitionist, humanitarian and a Union spy during the American Civil War. Born into slavery, Tubman escaped and subsequently made some thirteen missions to rescue approximately seventy enslaved families and friends,[2] using the network of antislavery activists and safe houses known as the Underground Railroad. She later helped abolitionist John Brown recruit men for his raid on Harper's Ferry, and in the post-war era was an active participant in the struggle for women's sufferage.
Born a slave in Dorchester County, MD, Tubman was beaten and whipped by her various masters as a child. Early in life, she suffered a traumatic head wound when an irate slave owner threw a heavy metal weight intending to hit another slave and hit her instead. The injury caused dizziness, pain, and spells of hypersomnia, which occurred throughout her life. She was a devout Christian and experienced strange visions and vivid dreams, which she ascribed to premonitions from God.
In 1849, Tubman escaped to Philadelphia, then immediately returned to Maryland to rescue her family. Slowly, one group at a time, she brought relatives with her out of the state, and eventually guided dozens of other slaves to freedom. Traveling by night and in extreme secrecy, Tubman (or "Moses", as she was called) "never lost a passenger". Her actions made slave owners anxious and angry, and they posted rewards for her capture. After the Fugitive Slave Act of 1850 was passed, she helped guide fugitives further north into Canada, and helped newly freed slaves find work.
When the Civil War began, Tubman worked for the Union Army, first as a cook and nurse, and then as an armed scout and spy. The first woman to lead an armed expedition in the war, she guided the raid at Combahee Ferry, which liberated more than seven hundred slaves. After the war, she retired to the family home on property she had purchased in 1859 in Auburn, NY, where she cared for her aging parents. She was active in the women's suffrage movement until illness overtook her and she had to be admitted to a home for elderly African-Americans that she had helped to establish years earlier. After she died in 1913, she became an icon of American courage and freedom.
Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
Well, we can justify the change for the good of all. It's about time we tell our whole history through money. I want free money. I'll even vote for it.
Comments
Glad to see Hamilton staying and Jackson going.
Id rather remove both, but if I had to choose to keep only one, I'd keep Jackson.
But as previously mentioned, Jackson definitely wouldn't like the idea of central bank notes anyway, let alone being depicted on one.
I'm not a fan of Hamilton's hand in the establishment of a privately-run central bank for the United States, which Jefferson and Madison both objected to and Jackson finally killed off.
That Hamilton is staying and Jackson is going is just another illustration of who really pulls the (purse) strings.
Jackson has long been an overrated president in large part because of the Pulitzer Prize winning book by Arthur Schlesinger, Jr., The Age of Jackson. In reality Jackson's "bank war" with The Bank of the United States was one of the major contributing factors that led to the Panic of 1837, which was a major economic depression. Jackson deserves high marks for his opposition to the nullification movement, which was one of the first crises that would lead to the Civil War. He gets much lower marks for his treatment of the American Indian before and while he was president, and his economic policies.
I fully support the removal of Jackson from the $20 bill and the retention of Alexander Hamilton on the $10 bill. Hamilton was founder of much of our modern monetary system, and his ideas concerning the need for a central bank were spot on. There is a strong need for a modern economic system to have a central bank regardless of what some far right wing people believe. The Gold Standard is an archaic and simple minded theory. In truth it didn't work that well in the simpler times when it was tried.
One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
Any privately-owned "central bank" is an abomination and is the ultimate mechanism for the formation of a "debtor's prison" for the people. Jefferson stringently warned against such a thing. Hamilton was in favor of establishing a privately-owned central bank. In fact, right off the bat, Hamilton's proposal put the United States in debt to that bank.
A crisis like that of 1837 was inevitable. Had Jackson not eliminated the Bank of the United States, the crisis could have been delayed, but it could have been much worse when it eventually came. It is a fallacy to automatically assume that central banking stabilizes an economy. Just look at the crises of 1929 and 2008 for examples.
And it is also a fallacy to claim that central banking is necessary for economic growth and a Gold Standard hinders such growth. Economic growth and industrialization of the United States occurred to a great degree from the end of the Civil War onward. Much of that occurred prior to the establishment of the Federal Reserve in 1913. Take a look at all this economic activity going on in San Francisco in 1905, during the gold standard era and without a central bank:
San Francisco Trolley Ride and Street Scenes 1905
PS:
I reject the notion that opposition to central banking is limited to only "right wing" points of view. As evidence, just look at the "occupy Wall Street" and "99%" movements.
It'd sure be nice to have, oh, I don't know, *something* to indicate to the sight-impaired or blind that they just got a $5 in change and not a $20.
That's why they put a large number on the back corner of the bill to help the sight impaired. Also, there are small hand held electronic scanners that will tell you the bill's denomination. They've been around since at least the 1970's. The federal building where I worked at in the 1970's had a concession area and the guy who ran it was totally blind. These concession stores were reserved for disabled veterans and they weren't charged any rent. During the Korean war, the soldier next to him stepped on a land mine which killed his friend and blinded him. He had one of these scanners and when he scanned a bill a speaker would tell him the value of the bill. I always thought it was pretty neat even after several decades. He had a method of folding different denominations of bills in different ways and putting them in different parts of his wallet to make it easy for him to locate the bill he was looking for.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
No it isn't. Look up Ludwig von Mises and Austrian economic theory. Friedrich Hayek "seriously studied economic history," and won a Nobel Prize for his contribution to Austrian business cycle theory.
Wikipedia article
Central banks exist to facilitate political meddling in the economy, and they are quite successful in this regard.
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I think Lady Liberty would be the best choice - on all circulating coins and currency.
Fully agree.
Less controversial to do that.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
If a controversial woman is selected, will we start seeing notes with mustaches drawn on the portraits?
Canada seems to already have a problem!!
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+1
I knew it would happen.
Heidi Fleiss should be on the hundred!
shes got my vote.
Glad to see Hamilton staying and Jackson going.
Id rather remove both, but if I had to choose to keep only one, I'd keep Jackson.
But as previously mentioned, Jackson definitely wouldn't like the idea of central bank notes anyway, let alone being depicted on one.
I'm not a fan of Hamilton's hand in the establishment of a privately-run central bank for the United States, which Jefferson and Madison both objected to and Jackson finally killed off.
That Hamilton is staying and Jackson is going is just another illustration of who really pulls the (purse) strings.
Jackson has long been an overrated president in large part because of the Pulitzer Prize winning book by Arthur Schlesinger, Jr., The Age of Jackson. In reality Jackson's "bank war" with The Bank of the United States was one of the major contributing factors that led to the Panic of 1837, which was a major economic depression. Jackson deserves high marks for his opposition to the nullification movement, which was one of the first crises that would lead to the Civil War. He gets much lower marks for his treatment of the American Indian before and while he was president, and his economic policies.
I fully support the removal of Jackson from the $20 bill and the retention of Alexander Hamilton on the $10 bill. Hamilton was founder of much of our modern monetary system, and his ideas concerning the need for a central bank were spot on. There is a strong need for a modern economic system to have a central bank regardless of what some far right wing people believe. The Gold Standard is an archaic and simple minded theory. In truth it didn't work that well in the simpler times when it was tried.
One can certainly object to the policies that the modern Federal Reserve System has enacted over the years, but the need for a central bank is obvious to anyone who has seriously studied economic history.
Any privately-owned "central bank" is an abomination and is the ultimate mechanism for the formation of a "debtor's prison" for the people. Jefferson stringently warned against such a thing. Hamilton was in favor of establishing a privately-owned central bank. In fact, right off the bat, Hamilton's proposal put the United States in debt to that bank.
A crisis like that of 1837 was inevitable. Had Jackson not eliminated the Bank of the United States, the crisis could have been delayed, but it could have been much worse when it eventually came. It is a fallacy to automatically assume that central banking stabilizes an economy. Just look at the crises of 1929 and 2008 for examples.
And it is also a fallacy to claim that central banking is necessary for economic growth and a Gold Standard hinders such growth. Economic growth and industrialization of the United States occurred to a great degree from the end of the Civil War onward. Much of that occurred prior to the establishment of the Federal Reserve in 1913. Take a look at all this economic activity going on in San Francisco in 1905, during the gold standard era and without a central bank:
San Francisco Trolley Ride and Street Scenes 1905
PS:
I reject the notion that opposition to central banking is limited to only "right wing" points of view. As evidence, just look at the "occupy Wall Street" and "99%" movements.
Hamilton's bank model was inspired by the Bank of England which was privately owned but bore the responsibility for bringing stability to the British banking system. Was Hamilton's model flawed? Yes. Private for-profit ownership of any portion of the bank should not have been part of the model.
When times are tough, private bankers tend to pull in their horns, which is a prudent policy for a for-profit institution. That runs counter to the need to increase liquidity during an economic down turn. Conversely a for-profit bank tends to keep making loans during over heated economic expansions. At those times putting on the breaks is very much in order. The modern Federal Reserve turns a profit as a by-product of its operations, but that's not the purpose of the institution.
I suppose that "golden period" for you was the period between the end of the Civil War and 1913 when the Federal Reserve Banking System was created. During those years there was solid reform led by the National Bank Act, which resulted in "National Bank Notes," and the tax on privately issued bank notes, which ended that corrupt system. Before that, the largely unregulated state banks could issue paper in unlimited quantities if they wanted to, which ended in economic disaster for anyone who was holding currency from a defunct bank. During that "golden period" there were the Panics of 1873, 1893 and 1907 plus a mini panic when Jim Fisk and Jay Gould tried to corner the gold market.
As for going back on the gold standard, that concept is ludicrous. What will the gold price be? One hundred thousand dollars an ounce? A million dollars an ounce? A hundred million dollars an ounce? There is not enough gold in the world to support a meaningful gold standard for The United States or any other developed country.
And yes, the gold standard can artificially restrict the money supply which might or might not be appropriate. Why should monetary policy be controlled by the supply of a specific commodity? Why start a depression simply because the money supply has be controlled by the amount of gold a country has in its vaults at an arbitrary fixed price? That kind of thinking started the Panic of 1893.
I don't even know why you bring up Occupy Wall Street and the 99% bunch. Those people are simply socialists and anarchists who think that the world owes them a living. They are ignorant nihilists, most of whom don't even know how the old Soviet Union worked (or didn't work) with their Five Year Plans. They should be part of the lunatic fringe although it seems they are becoming the heart and soul of "progressive thought."
Thomas Jefferson which was in the most poorly informed of all the founding fathers on the subjects of business and economics. His idea of utopia was to have the majority of citizens, half starved, trying to scratch out a living on subsistence farms. His world only worked with slavery, which was why he was never able to give it up despite his high sounding principles. He knew nothing about banking and finance. The ending legacy of his presidency was the disastrous trade embargo that he imposed which created a domestic economic depression and did nothing to fix the problems we were have with the British and the French.
I urge you to read "The Creature From Jekyll Island".
The modern Fed is merely a private banking cartel.
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Or Caitlyn Jenner? It's won everything else....why not a portrait on a note?
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All Americans today have been born Slaves to the Federal Reserve.
Nothing much has changed other than this is calculated joke played on us by the Banksters.
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Iconic American symbols, such as the flag, should be on US Currency.
Liberty too. And don't forget those education notes of the 1890's had some wonderful vignettes. Modern depictions of those and achievements since would be great. Just not dead people.
I am fairly certain that the majority of us here has seen "doodling" and other "enhancements" to paper money...who is going to scream bloody murder when it happens to her portrait?
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This one #3 and the last one of course gets a place of honor in the collection - The numbers - 0-6-9
5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
Ok, they just now announced the decision, Hamilton stays on the 10, Harriet Tubman replaces Jackson on the 20, historical civil rights leaders going onto the 5.
I have a great idea for "historical civil rights leaders" on the five dollar bill:
how about the guy that issued the Emancipation Proclamation? That would be a great choice!
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness.
I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness.
I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
This design change will be well publicized especially before the election.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Who the heck is Harriet Tubman????? Leave Jackson please.
As a student of history I know who she is but I imagine 95% of Americans have no clue who she is.
I consider this caving in to political correctness.
I also agree a large number of people will not know who she is. I spoke to two people this afternoon, both with college degrees, and both asked "who is she?"
This design change will be well publicized especially before the election.
Of course it will. You are correct.
Who the heck is Harriet Tubman????? Leave Jackson please.
Harriet who???
At least leaving Hamilton won't impact the surest of bar bets. Bet someone big bucks they can't name the four presidents on a $1, $5, $10, and $50 bill.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Is there anything to prevent a future Republican administration from taking FDR off the dime and putting Ronald Reagan there in his place?
That's why we need "Emblems of LIBERTY" not political figures.
To play devil's advocate, though, a facilitator of slave freedom is more "a symbol of LIBERTY" than any president ever was.
RedState.com says....
She took enormous risks to help oppressed people become free. Not just once, but many times.
She wasn't born into her position. She didn't marry into it. Quite the opposite.
Her life story symbolizes what America stands for, or should stand for.
This isn't political correctness. It is honoring someone who deserves to be honored in this fashion.
One of the "reasons" to drop Jackson was that he owned slaves. Now.... I suppose Washington will be gone next!!!
Let's not forget Jefferson.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I support the move.
She took enormous risks to help oppressed people become free. Not just once, but many times.
She wasn't born into her position. She didn't marry into it. Quite the opposite.
Her life story symbolizes what America stands for, or should stand for.
This isn't political correctness. It is honoring someone who deserves to be honored in this fashion.
I agree. She was an American patriot and a war hero (Union Army nurse before she was an armed Union Army spy). Glad it's her.
Here is the blurb from Wikipedia:
--------------
Harriet Tubman (Born Araminta Ross 1822-1913) was an African American Abolitionist, humanitarian and a Union spy during the American Civil War. Born into slavery, Tubman escaped and subsequently made some thirteen missions to rescue approximately seventy enslaved families and friends,[2] using the network of antislavery activists and safe houses known as the Underground Railroad. She later helped abolitionist John Brown recruit men for his raid on Harper's Ferry, and in the post-war era was an active participant in the struggle for women's sufferage.
Born a slave in Dorchester County, MD, Tubman was beaten and whipped by her various masters as a child. Early in life, she suffered a traumatic head wound when an irate slave owner threw a heavy metal weight intending to hit another slave and hit her instead. The injury caused dizziness, pain, and spells of hypersomnia, which occurred throughout her life. She was a devout Christian and experienced strange visions and vivid dreams, which she ascribed to premonitions from God.
In 1849, Tubman escaped to Philadelphia, then immediately returned to Maryland to rescue her family. Slowly, one group at a time, she brought relatives with her out of the state, and eventually guided dozens of other slaves to freedom. Traveling by night and in extreme secrecy, Tubman (or "Moses", as she was called) "never lost a passenger". Her actions made slave owners anxious and angry, and they posted rewards for her capture. After the Fugitive Slave Act of 1850 was passed, she helped guide fugitives further north into Canada, and helped newly freed slaves find work.
When the Civil War began, Tubman worked for the Union Army, first as a cook and nurse, and then as an armed scout and spy. The first woman to lead an armed expedition in the war, she guided the raid at Combahee Ferry, which liberated more than seven hundred slaves. After the war, she retired to the family home on property she had purchased in 1859 in Auburn, NY, where she cared for her aging parents. She was active in the women's suffrage movement until illness overtook her and she had to be admitted to a home for elderly African-Americans that she had helped to establish years earlier. After she died in 1913, she became an icon of American courage and freedom.
Experience the World through Numismatics...it's more than you can imagine.
Lance.
``https://ebay.us/m/KxolR5