Attention Dcarr!
Whitby
Posts: 1,341
So Mr Carr, when is the US going to use a two dollar coin. Canada has one. I mean COME ON!
Your designs are the BOMB!
Your designs are the BOMB!
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60 years into this hobby and I'm still working on my Lincoln set!
Who on it? Liberty.....or Ronald Reagan?
<< <i>I don't think Dcarr runs the US mint yet >>
He should.
<< <i>So Mr Carr, when is the US going to use a two dollar coin. Canada has one. I mean COME ON!
Your designs are the BOMB! >>
Thanks !
A couple years ago, I sent actual struck examples of the coin below to the US Mint and certain members of Congress. I'd really like to see the elimination of all paper bills less than $10 with $1, $2, & $5 coins instead. I don't know if anyone in the governent actually paid any serious attention to my proposal. The United States has a quirk in it's monetary system which sets it apart from other countries. Many of us have wondered why $1 bills have not been discontinued to bolster use of the (cheaper-to-circulate) dollar coin. The reason why such legislation has not been enacted takes on a new light when you realize that the dollar bill and the dollar coin are issued by two different (competing) entities. The corporate-owned Federal Reserve Bank has gained control over the issuance of most money in the USA and issues all paper currency (and collects the interest payments on this money which they issue at virtually no cost to themselves). The government-owned Treasury (US Mint) issues all coinage. The Federal Reserve Bank corporation will fight any infringement on it's turf (the priviledge to issue money).
Last year there was a bill in Congress to hand over control of US Mint operations to the Federal Reserve. That bill did not pass. But if it had, I suspect that the dollar bill would have been discontinued in short order. The US Mint is also the custodian of the nation's entire gold reserves. Had that legislation passed, it would have transferred control over the world's largest gold reserves to a corporate entity at the stroke of a pen. Imagine all of our gold being handed over to a corporation while nobody noticed.
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<< <i>I don't think Dcarr runs the US mint yet >>
He should. >>
In many respects, the US Mint is powerless to enact any kind of meaningful currency reform. The Mint has control over the design (artistic) content of coinage. But only Congress can authorize new coinage issues. In many cases, Congressional legislation mandates certain aspects of a coin's design - which can sometimes limit what the Mint can do. The various committees which review and comment on coinage designs typically have the effect that all style is removed from designs, leaving only the basic (bland) substance.
But if I was in charge of the entire monetary system of the United States, here is what I would do:
1) The issuance of all legal tender would come from the US Treasury only. Corporate-issue legal tender would be abolished. Interest payments on newly-issued money would then flow to the US Treasury rather than the corporate stockholders of the Federal Reserve Bank. The net effect would be lower government defecits and/or lower taxes.
2) Discontinue the cent and nickel after 2009, and allow them to be melted. All transactions involving cash (coin) would be rounded to the nearest dime. Account balances and checks would not be rounded.
3) No more presidents on coinage or currency. Non-allegorical designs would be limited to commemorative issues only.
4) The current design process for coinage would be scrapped. I would no longer have a situation where one artist designs a coin (pencil sketch) and a different artist sculpts it. Control over a particular coin's design process (from start to finish) would be handled by a single artist. Reviews of potential designs would be based on inspections of actual 3D sculpted models or pattern coins, and not based on pencil sketches. Currently, potential designs are reviewed in the sketch phase only, and there can be undesirable deviations duiring the sculpting phase.
5) Rather than a law requiring coinage designs to remain in-place for 25 years before they could be changed, I would require that all designs be changed after 20 years (or less) in use.
6) I would inspect and audit the nation's gold reserves in person
To accomplish the above, I would need to be elected President of the United States
But I have a lot more fun with my private one-man minting operation. And while I do not have control over the US Mint, I do now have control over a certain piece of surplus US Mint equipment. This will be quite interesting once I implement my scheme (more on that later, but I can say that it will be perfectly legal and ethical, of course).
<< <i>The United States has a quirk in it's monetary system which sets it apart from other countries. >>
Yea, Helicopter Ben and his predecessor.
<< <i>And while I do not have control over the US Mint, I do now have control over a certain piece of surplus US Mint equipment. This will be quite interesting once I implement my scheme (more on that later, but I can say that it will be perfectly legal and ethical, of course). >>
Ron Paul dollars?
No Way Out: Stimulus and Money Printing Are the Only Path Left
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<< <i>The United States has a quirk in it's monetary system which sets it apart from other countries. >>
Yea, Helicopter Ben and his predecessor. >>
Those types are not really unique to the United States, though.
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<< <i>And while I do not have control over the US Mint, I do now have control over a certain piece of surplus US Mint equipment. This will be quite interesting once I implement my scheme (more on that later, but I can say that it will be perfectly legal and ethical, of course). >>
Ron Paul dollars? >>
No. It has nothing to do with anything like that. That's all I will say until my formal announcement (in a few months, I hope).
You said:
<< <i>1) The issuance of all legal tender would come from the US Treasury only. Corporate-issue legal tender would be abolished. Interest payments on newly-issued money would then flow to the US Treasury rather than the corporate stockholders of the Federal Reserve Bank. The net effect would be lower government defecits and/or lower taxes. >>
That really is a cryptic way of saying emasculate (eliminate) the Federal Reserve?
Careful with the use of the word "scheme."
Along with the words structure and launder, scheme has become a dirty word in the eyes of the IRS.
2017-2021 -
So you're only planning to serve one term?
My Adolph A. Weinman signature
what party would that be? the numismatic party?
<< <i>dcarr:
You said:
<< <i>1) The issuance of all legal tender would come from the US Treasury only. Corporate-issue legal tender would be abolished. Interest payments on newly-issued money would then flow to the US Treasury rather than the corporate stockholders of the Federal Reserve Bank. The net effect would be lower government defecits and/or lower taxes. >>
That really is a cryptic way of saying emasculate (eliminate) the Federal Reserve? >>
Not "elimiate", but place the priviledge of issuing legal tender in the hands of the US Treasury only. No more green-seal "Federal Reserve Notes". Red-seal "United States Notes" (or equivalent) instead.
Every time I spend time in Japan this works well, it should here too once people get used to it.
<< <i>After one term he sent himself off into exile. >>
One term would be enough, I'd either fix the situation in four years and be done, or go down fighting
<< <i>have you officially started your write-in campaign for president?
what party would that be? the numismatic party? >>
1) No.
2/3) The Boston Tea Party.
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<< <i>The United States has a quirk in it's monetary system which sets it apart from other countries. >>
Yea, Helicopter Ben and his predecessor. >>
Those types are not really unique to the United States, though.
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<< <i>And while I do not have control over the US Mint, I do now have control over a certain piece of surplus US Mint equipment. This will be quite interesting once I implement my scheme (more on that later, but I can say that it will be perfectly legal and ethical, of course). >>
Ron Paul dollars? >>
No. It has nothing to do with anything like that. That's all I will say until my formal announcement (in a few months, I hope). >>
Daniel, did I miss your formal announcement?
<< <i>Daniel, did I miss your formal announcement?
Haven't made it yet - not quite ready.
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<< <i>Daniel, did I miss your formal announcement?
Haven't made it yet - not quite ready. >>
I thought, maybe, you were going to announce a new line of products.
Can't wait to hear what this new project is about.
I knew it would happen.