Money – The 2003 series U.S. $100 bill was a fake, but not just any fake. It was a "supernote," a counterfeit so perfect it's an international whodunit.
Apparently debasing the dollar is not solely the province of the Fed and the Bush administration.
Let it go! Do you suffer from BDS (Bush Derangement Syndrome) too?
"Let it go! Do you suffer from BDS (Bush Derangement Syndrome) too?"
Yes, he does. It's chronic amongst Liberals, Baby boomers, the "poor", the homeless, or the otherwise whiny, useless dregs of society - blame Bush for EVERYTHING, because it's much easier to point fingers at someone else instead of examining your own miserable, worthless, go-nowhere life.
A year from now we'll be getting a new president, and they'll all just transfer their negative energy over to that person, whomever it is. If it's Hillary or Obama, they'll be happy for a while, buoyed by the empty promises those two yap on about, until, like usual, their lives go nowhere, no matter WHO is in office. Then they'll start complaining and criticizing THEM.
It's a never-ending cycle with these people. Blame the president, blame the government, blame the American public, blame ANYONE but themselves. But when it comes time to taking some responsibility and DOING something?
(crickets)
The Bush Crime Family has destroyed the Constitution and Bill of Rights of this country. It has lied to get into an illegal war. It is responsible for the deaths of over 4,000 GIs, 60,000 mutilated GIs and hundreds of thousands of dead and mutilated innocent Iraqis. It has spread DU all over the MidEast and has crippled the economy of the US.
You sir are the deranged party.
eugeneretard,
Would you mind telling me how/where/when the "Bush Crime family destroyed the Constitution and Bill of Rights"? Last I checked, these documents were still in place, still being followed, and still a shining example for most of the other putrid thug caucuses that pass for governments in the rest of the world.
"lied to get into an illegal war"? The Bush administration was presented evidence and information, made their decision, and was backed by many Democrats including your goddess, Hillary.
"responsible for 4000 GI deaths, 60,000 mutilated GIs and hundreds of thousands of dead and mutilated innocent Iraqis"? You've got that backwards. The Taliban, insurgent rebels and religious nuts are responsible for those deaths.
"crippled the economy of the U.S."? Not here. My stocks are up, inflation remains down, trade is robust, employment is low....
What's wrong with YOUR life?
The Patriot Act, The Military Commissions Act and hundreds of presidential orders giving him dictatorial powers. The only problem with being a dictator is peoples willingness to abide by his edicts.
Inflation has not been reported for a couple of years. The Federal Reserve has been cooking the numbers. Why do you think everything costs more.
Your stocks are being propped up by printing dollars. Have you noticed countries all over the world dumping dollars? Of course not. You are a sheeple. Keep believing the kool-Aid.
"The Patriot Act, The Military Commissions Act and hundreds of presidential orders giving him dictatorial powers."
NONE of which affect me, a legal, law-abiding, hard-working, tax-paying American citizen. The Patriot Act, the Military Commissions Act and "hundreds of presidential orders" are directed at illegals, law-breakers, terrorists and suspect people who should NOT be in the U.S. in the first place.
"Why do you think everything costs more"
WHAT? WHERE? I'm paying virtually the same amount of money for groceries, clothing, electricity, phone service, etc. as I was five years ago. Sure, gas costs more, but I don't pay for that - I ride public transportation. If you had any sense, you'd cut back on YOUR oil consumption, too. But you won't. You Libs scream the loudest about oil conservation, yet do NOTHING about it personally.
I was with you until you said "a legal, law-abiding, hard-working, tax-paying American citizen".
Padilla is an American citizen who, whith out being convicted, was denied his freedom, habeas corpus, the right to a speedy trial, you name it.
The constitution is not just for the protection of people like you, it is for the protection of all.
Just for grits and shins, assume you are innocent, and Bush does not know it. Or does not care. Or thinks yo will confess with enough 'help'.
When you have to be "a legal, law-abiding, hard-working, tax-paying American citizen" for the constitution to work for you, you are already screwed, you just don't realize it yet.
SpazMat here is an update
Jose Padilla (born October 18, 1970), also known as Abdullah al-Muhajir or Muhajir Abdullah, is a United States citizen convicted of aiding terrorists. Padilla was arrested in Chicago on May 8, 2002, and was detained as a material witness until June 9, 2002, when President Bush designated him an illegal enemy combatant and transferred him to a military prison, arguing that he was thereby not entitled to trial in civilian courts. However, on January 3, 2006, he was transferred to a Miami, Florida, jail to face criminal conspiracy charges. Jose Padilla was found guilty of all charges against him on August 16, 2007, by a federal jury, which found that he conspired to kill people in an overseas jihad and to fund and support overseas terrorism. He was scheduled to be sentenced on December 5, 2007, but his sentencing was postponed to January, due to the death of a family member of the Judge who will sentence him.
The point is not how he is treated while he is guilty, the point is how he was treated when he was not. An American citizen, he was held for 3 years 6 months with out his "guaranteed" rights, by the US government.
THAT is totally unsat.
Now that he is guilty, branding irons, pliers on the nails, that kind of thing (not really), but he was NOT a guilty SOB until he was a guilty SOB.
CONT.
"Have you noticed countries all over the world dumping dollars?"
No, but I HAVE noticed my portfolio expanding, my holdings increasing, my personal savings going up, up, up and my personal financial value hit an all-time high. I don't know what you people's problems are. If you couldn't make money in the last 5 or 6 years in this country - in this economy - I doubt you'll ever be even moderately wealthy. You call ME a "sheeple". What have you done with YOUR money? I've saved and invested mine, and created a solid future for myself. And you? Don't tell me - let me guess. You've spent it all on cheap consumer goods, and have run up massive credit card debt like most of the rest of the country.
"Keep believing the kool-Aid."
If I knew what you even meant by this, I'd respond, but since it's a nonsense statement, I'll have to abstain.
Jeeez....chill out guys!
First of all who gives a sh!t who's printing them. Whether it's George and Dick having fun after hours in the mint, or the CIA doing whatever it is they do. Or Hillary or North Korea or the Saudis. Why? Because our currency is supported and backed up by nothing but faith and trust anyhow! If the fakes are that good, they will have the same value as those that are real. And what is the dollar REALLY worth anyhow? The only way this would hurt you or me is if we got caught inadvertently holding one. When it is seized, we lose, it does not get replaced by the "bank." But if they're that good, who will know?
Besides, the 50 million that have been seized, and the few hundred million that may be circulating ARE EQUAL TO A FEW MINUTES OF INTEREST ON THE PAST SEVEN YEAR'S 10 TRILLION ACCUMULATION OF THE NATIONAL DEBT! It's not like it's "real" money.
So, ultimately.....W. T. F. difference does it make???
Damn, learn some economics. If I have real bills and someone prints a dumptruck full of fakes that will lead to inflation and my real dollars will be worth less. The dollar has been in a freefall recently. Right now our dollar is approaching a critical point as far as trust. Other countries are begining to keep their reserves in euros. If the world starts dumping dollars for euros we will have a third world currency overnight.
"If the world starts dumping dollars for euros we will have a third world currency overnight."
...to match our third world population, our third world diseases that are beginning to affect us, our third world mentality, i.e., stupidity and ignorance, and our third world demand for free benefits from the government.
Yes folks, like it or not, we are becoming the United Socialist States of America. Vote for Hillary or Obama so that we can complete the experiment.
We are not becoming socialist at all. If you look at government policy it has all been about consolidation if big corps, reducing taxes for the mega rich, unlimited corporate power, and breaking down the working class. Are you even aware of what our government has been doing the last 7 years and under Reagan/Bush I? I am amazed that neocons can say in one sentence that they lowered taxes on the rich and in the next announce we are on a dangerous path to socialism. You are trying to convince us that while the neocons controlled both houses of congress, the presidency, and the supreme court we were following the path of socialism. Do you seriously expect us to believe that?
Got my neg for your worthless b**ching...
We know what the truth is. I don't buy those
right is left
polution = clean air
lie = truth
Those are pure excuses from neoclowns.
It was not a congress that went into war it was dumboW.
It was not a congress that miss managed war funds.
It was not a congress that did not secure weapons depot.
It was not a congress that destroyed vital Iraq infrastructure.
It was not a congress that authorized torture
It was not a congress that lost Ossama.
It was not a congress that instead of letting Saddam go into exile, decided it is better to waste 2 trillion USD.
>"crippled the economy of the U.S."? Not here. My stocks are up, inflation remains down, trade is robust, employment is low....
This sounds like a typical republican moto:
"I don't care if my neighbors house burns down as long as my hands are warm"
We have high unemployment and under employment, layoffs, food prices going up hourly, mortgage crisis.
It is congress that is continually funding the war.
It is coongress that accepts that it is out of budget spending, so it does not count against deficit capping.
" It was not a congress that instead of letting Saddam go into exile, decided it is better to waste 2 trillion USD."
Do you mean by having the war congress funded? I'm not yanking your chain, I'm trying to understand what you mean, since I don't think Saddam was planning on going into exile anytime soon.
" We have high unemployment and under employment, layoffs, food prices going up hourly, mortgage crisis."
We have 5% unemployment, compare that to the 70's.
It was Bush who believed Cheney's assertion, "Reagan proved that deficits don't matter," and proceeded to cut taxes while waging war. So who and what do you think tanked the dollar? Clinton's member?
Don't mix the two parts: the deficit and the lowering of tax rates.
Cutting taxes raised tax revenue. We would be deeper in the hole if he had kept them the same.
Do you have a link to inflation-adjusted tax revenues collected since Bush's cuts vs. before them? That could prove your point, if you can produce it.
Regardless, we've been spending way beyond our means. The debt, which *is* affected by deficits, is now $30,000 per U.S. citizen and rising exponentially--it's more than 40% more than it was when Bush took office. Other countries are losing faith in the dollar and OPEC is going off the US dollar standard.
The war in Iraq not only directly costs hundreds of millions per day, but is responsible for the cost of oil--which affects the cost of almost everything else we buy--nearly doubling since it started. And it's expected to double again by the end of 2008.
http://www.nationalreview.com/nrof_luskin/luski...
http://www.nysun.com/article/35673
I'm not saying they don't lean right, or that you can't find left leaning ones that show the opposite.
But notice luskin's claim that it is based on CBO numbers, and is not based on increase from the lower amount projected, but from the actual amount previously received.
http://www.huppi.com/kangaroo/L-taxcollections.htm
Of course, huppi says it ain't ever gonna happen, no matter what.
http://www.heritage.org/Research/Taxes/bg2001.cfm
Yeah, yeah Heritage, can't be right, can it?
But I'm sure I'm drinking koolaid made from my own bath water while I'm just smoking my own pubic hair ;^)
Thanks for the links.
The National Review article compares CBO numbers, but they're 2003 CBO estimates and revised CBO estimates in 2004. These are not actual figures.
The Sun article also relies on estimates.
The huppi.com article appears to use actual figures from the OMB, and contradicts the National Review and the Sun.
The Heritage Foundation article analyzes the figures in many different ways in order to support its conclusions, and takes some careful sorting through. The one chart I saw that directly speaks to the question of whether actual revenue figures are higher with or without the Bush tax cuts, without using misleading comparisons to raises in GDP, appears to how that revenues would be marginally higher if the tax cuts were repealed.
It also appears to agree with my assertion that spending is much higher, wiping out any possible gains in revenue from tax cuts.
Note that I'm not, here or above, making any statements about any flavor of koolaid. ;-)
I understand that it usually takes a few years to get inflation-adjusted figures for exactly how much revenue is collected in any given year. So now my question is this:
Why can't the Treasury or the OMB simply announce the dollar amount collected, rather than having us sort through these complicated analyses from independent think tanks?
Now, having said all that, I kept it different from the free spending of my kids income on purpose. You have to treat them separately, as they have different outcomes. We wcould have had to increase Capital gaines revenue 1,000% or more for it to offset the "out of cycle" funding that is occuring in every cycle.
See my propeller spinning up?
If I just had a wind power machine I'd be an above unity generator.
Why separate the two. A major element of reagan/bush neocon economic policy is deficit spending. It is deficit spending that contributes the tax revenue growth but never enough to pay for itself. The neocon ideal is that if we all stop paying taxes the government will collect record revenue. It really is as stupid as it sounds.
I wonder if the same techniques used for smaller denominations such as $5 bills would be spotted.
It's not worth the trouble (read cost) to counterfit such a small bill.
Not so fast - I was a victim of a counterfeit $10 bill. I think it came from a small restaurant as change. Later a clerk at a fast food place (OK I eat out a lot ) and refused to take it. He could tell just by looking at it. Didn't use a pen or anything. So I took it to my bank for confirmation and they confiscated it.
Most situations were the counterfeit money is low denomination and easy to spot is where someone just scans it and prints it. It isn't huge business, but it seems to happen often enough that there was talk of have the printer manufacturers add an algorithm that prints some type of identification information into the image.
I don't know if it went anywhere.
These counterfeiters are not very intelligent!!
Why would anyone print a tanking monetary unit of currency?
The Fed prints enough funny money and they probably printed these secretly for Washington's graft and corruption. Our politicos get the real stuff from our lobbyist and Corporate powers that are.
Cynical, you bet.
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Very interesting stuff .