Thursday, September 20, 2007

"SMILE" Say Money!

When I was a kid and everyone that got their picture taken was supposed to "smile and say CHEESE," my Grandma used to tell us to SMILE and say Money! I remember her fondly as I read about the new money and SMILE! What's with this deal? New money every time we turn around to avoid counterfeiting??? I couldn't begin to tell you if the currency I receive in change or even for that matter, the currency I offer in payment is legitimately issued by our government or copied by a counterfeiter, and I am a numismatist! How would the average person that hasn't looked at dates and mint marks and details for years, recognize a counterfeit bill? Why, if our government is trying to make currency difficult to copy; continue to change it? It all looks like MONOPOLY money, now!
I am including a link that left me intriqued and questioning . . . http://money.cnn.com/2007/09/20/news/economy/abe_bill.ap/index.htm?cnn=yes
Originally, the five wasn't going to be redesigned. But that decision was reversed once counterfeiters began bleaching $5 notes and printing fake $100 bills with the bleached paper to take advantage of the fact that some of the security features were in the same locations on both notes.
To thwart this particular scam, the government is changing the $5 watermark from one of Lincoln to two separate watermarks featuring the numeral 5. The $100 bill has a watermark with the image of Benjamin Franklin.
The security thread embedded in the $5 bill also has been moved to a different location than the one embedded in the $100 bill.
. . . The next bill to get a makeover will be the $100. It will feature the most advanced safeguard yet, a new security thread composed of 650,000 tiny lenses that will magnify micro-printing on the bills to give the effect of having the images move in the opposite direction than the bill is being moved.
The government is only about one-third of the way through the redesign of the $100 and hopes to have that process completed by this time next year. Extra effort is going into the $100 makeover since this bill represents more than 70 percent of the $776 billion of currency in circulation, two-thirds of which is held overseas.
Why redesign the $5 bill to differentiate between $5 and $100, if the $100 bill is next on the agenda? Why do I, and many others think this really isn't about stopping or controlling counterfeit bills, but rather; about moving towards a cashless society and/or tracking every bill in everyone's pocket or purse?
Show me a penny. Whose image and superscription hath it? They answered and said, Caesar's. And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's. New Testament

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