A Story

I pulled this off of Facebook. It’s that good. Whether it’s true or not, it makes a very good point.

STORY:

On my way home from work, I stopped at Taco Bell for a quick bite to eat.

I have a $50 bill and a $2 bill. I figure with the $2 bill, I can get something to eat and not have to worry about irritating anyone for trying to break a $50 bill.

Me: ‘Hi, I’d like one seven-layer burrito please, to go.’

Server: ‘That’ll be $1.04. Eat in?’

Me: ‘No, it’s to go.’

At this point, I open my billfold and hand him the $2 bill. He looks at it kind of funny.

Server: ‘Uh, hang on a sec, I’ll be right back.’ He goes to talk to his manager, who is still within my earshot.

The following conversation occurs between the two of them:

Server: ‘Hey, you ever see a $2 bill?’

Manager: ‘No. A what?’
Server: ‘A $2 bill. This guy just gave it to me…’
Manager: ‘Ask for something else. There’s no such thing as a $2 bill.’
Server: ‘Yeah, thought so.’He comes back to me and says, ‘We don’t take these.Do you have anything else?’

Me: ‘Just this fifty. You don’t take $2 bills? Why?

Server: ‘I don’t know.’
Me: ‘See here where it says legal tender?’
Server: ‘Yeah.’
Me: ‘So, why won’t you take it?’
Server: ‘Well, hang on a sec.’He goes back to his manager, who has been watching me like I’m a shoplifter, and says to him, ‘He says I have to take it.’Manager: ‘Doesn’t he have anything else?’
Server: ‘Yeah, a fifty. I’ll get it and you can open the safe and get change.
Manager: ‘I’m not opening the safe with him in here.’
Server: ‘What should I do?’
Manager: ‘Tell him to come back later when he has real money.’
Server: ‘I can’t tell him that! You tell him.’
Manager: ‘Just tell him.’
Server: ‘No way! This is weird. I’m going in back.’
The manager approaches me and says, ‘I’m sorry, but we don’t take big bills this time of night.’
Me: ‘It’s only seven o’clock! Well then, here’s a two dollar bill.’
Manager: ‘We don’t take those, either.’
Me: ‘Why not?’
Manager: ‘I think you know why.’
Me: ‘No really, tell me why.’
Manager ‘Please leave before I call mall security.’
Me: ‘Excuse me?’
Manager: ‘Please leave before I call mall security.’
Me: ‘What on earth for?’
Manager: ‘Please, sir..’
Me: ‘Uh, go ahead, call them.’
Manager: ‘Would you please just leave?’
Me: ‘No.’ Manager: ‘Fine — have it your way then.’
Me: ‘Hey, that’s Burger King, isn’t it?’At this point, he backs away from me and calls mall security on the phone around the corner. I have two people staring at me from the dining area, and I begin laughing out loud, just for effect.A few minutes later this 45-year-oldish guy comes in.Guard: ‘Yeah, Mike, what’s up?’
Manager (whispering): ‘This guy is trying to give me some (pause) funny money.’
Guard: ‘No kidding! What?’
Manager: ‘Get this. A two dollar bill.’
Guard (incredulous): ‘Why would a guy fake a two dollar bill?’
Manager: ‘I don’t know. He’s kinda weird. He says the only other thing he has is a fifty.’
Guard: ‘Oh, so the fifty’s fake!’
Manager: ‘No, the two dollar bill is.’
Guard: ‘Why would he fake a two dollar bill?’
Manager : ‘I don’t know! Can you talk to him, and get him out of here?’
Guard: ‘Yeah.’Security Guard walks over to me and……Guard: ‘Mike here tells me you have some fake bills you’re trying to use.’
Me: ‘Uh, no.’
Guard: ‘Lemme see ’em.’
Me: ‘Why?’
Guard: ‘Do you want me to get the cops in here?’At this point I’m ready to say, ‘Sure, please!’ but I want to eat, so I say, ‘I’m just trying to buy a burrito and pay for it with this two dollar bill. I put the bill up near his face, and he flinches like I’m taking a swing at him. He takes the bill turns it over a few times in his hands, and he says,Guard: ‘Hey, Mike, what’s wrong with this bill?’
Manager: ‘It’s fake.’
Guard: ‘It doesn’t look fake to me.’
Manager: ‘But it’s a two dollar bill.’
Guard: ‘Yeah? ‘
Manager: ‘Well, there’s no such thing, is there?’The security guard and I both look at him like he’s an idiot and it dawns on the guy that he has no clue and is an idiot. So, it turns out that my burrito was free, and he threw in a small drink and some of those cinnamon thingies, too.Made me want to get a whole stack of two dollar bills just to see what happens when I try to buy stuff.Just think…those two will be voting soon!!?!

YIKES!!!

We already have a nation full of them.

MY POINT
Yes, it’s a funny and sad story. But it illustrates a point. When I pay for something I tend to go through this routine….+
Clerk:’That’ll be $6.49″
I pull out a ten.
Me:’Do you take these in lue of cash?”
Clerk: ‘Huh?’
Me:”Do you accept this paper fiat as cash. If you and I can’t agree to it’s value then it’s worthless.’
Clerk:”What? Is is fake?’
Me:”No. The Federal Government prints these.”
Clerk:’So it’s cash.’
Me:’No, it has no value unless you and I agree that it does. Cash or specifically a bank note can be redeemed for something of value like gold or silver.’
Clerk:’ So it IS cash.’
Me: No. The Federal government does not have the power to issue bank notes. This right is reserved to the States or Banks.’
Clerk:’Who says?’
Me: ‘The Constitution.’
The Story above illustrates just how fragile our economy really is. America was thrown into a Depression when Stock Certificates became worthless. What do you think will happen when people realize that our money is worthless?
What is Our Money Worth?
Here’s a simple illustration. I’m America and you are …say Europe. I have a dollar and you have a Euro. Because we have the same amount they are both worth the same. I print 10 more dollars and you print ten more Euros. Still equal value. But I owe China ten bucks. But I need my ten bucks to pay for groceries (welfare,military, Congressional salaries etc…). So I print up ten more bucks and give it to China.
Now there are $20 out there. I have $10 and China has $10. But Europe still has ten Euros. How much are the dollar worth to Europe? 10 divided by 20. The dollar is worth 50 cents to the Euro. Now lets use real numbers.
The Federal debt as of 10 May 2012 is …..wait for it….

$15,671,916,356,611

We REALLY owe China $ 1,148,300,000,000. The FEDERAL Government owes this because  China has bought  Treasury Notes (IOU’s).

I’ll do the math. China divided by U.S. OMG the numbers are so big my calculator wigs out. I let Google do it…

1 148 300 000 000 divided by 15 671 916 356 611 = 0.0732711925

China’s dollar is worth SEVEN CENTS!!! They have the most. Here are the rest.  Russia owns the least God Bless them. They have only $94.6 Billion. Their dollar is worth $0.0060362752.This is inflation. The Federal Reserve Bank is supposed to control the money supply to prevent the dollar from being devalued like this. Under Obama, the Federal Reserve Bank couldn’t care less. It’s letting Obama print all the money he wants.

ASK YOURSELF

Who’s really in the pocket of the Banks the next time you hear Obama say that Romney’s in with Big Oil?

It makes you wonder what secret deal Obama has with Putin who just happened to become Russia’s president again.

Do you really want Obama to keep spending for four more years??

How will your life be when the rest of the world decides that the Dollar is worthless?

This happened to Germany in the 30’s. In fact, it has happened to EVERY country that has monetized it’s debt. Italy in the 80’s and Greece recently. But this story is about Germany. My mother who lived through it told me this story.

The Basket

The German economy had such runaway inflation that the money was worthless and goods and services were scarce. My mother stood in line for bread. She had brought a basket full of money to buy a loaf. The line was long and moved slowly. Mom had to pee. She left the basket of money to mark her place in line and went to pee. When she got back, the pile of money was still there but the basket was gone because it was worth more than the money.

Want More?

Odd Facts About Money

Nano-Printing on Your Personal Checks

 

 

 

 

Odd Facts About Money


The United States Military Academy at West Point  mints the one ounce gold American Eagle.
If you toss a penny 10,000 times, it will not be heads 5,000 times, but more like 4,950. The heads picture weighs more, so it ends up on the bottom.

The paper used in making U.S. currency is made (70%) from blue jean pants remnants.

Cattle are probably the oldest of all forms of money. Cattle as money dates back to 9000 B.C. Some cattle were still used as money in parts of Africa in the middle of the 20th century.

Before the days of paper money, Americans traded animal skins, including deer and elk bucks, for goods and services. Hence the word “buck” to describe money.

American Indians used to carry around strings of clam shells to use as money, which they called wampum. Wampum was the most common form of money in North America. By 1637, the Massachusetts Bay Colony declared wampum legal tender, which meant it could be used as money.

What happens if your money gets trashed? The Office of Currency Standards will replace it if you can present to officials 51 percent of the note. If your cash has been burned, torn or otherwise destroyed, they will help you verify and replace that money. The office once received a shotgun in which a man had hidden some money, but forgot and fired the gun. In another case, a farmer sent his cow’s stomach stuffed with money.

The car on the back of a ten dollar bill is NOT a Model T Ford.

The clock on the back of a hundred dollar bill is set to 4:10 and no one knows why.

It costs 6.7 cents to make a dollar bill. Come to think about it. It costs 6.7 cents to make any bill.

There are 490 notes in a pound, if you used $1 bills, a million dollars would weigh 2,040.8 pounds, but if you used $100 bills it would weigh only 20.4 pounds and fit nicely in a brief case.

The first paper notes were printed in the United States were in denominations of 1 cent, 5 cents, 25 cents, and 50 cents. The government was forced to issue these bills because of the hording taking place during the Civil War. Other denominations followed and were called Greenbacks”. Prior to this, the States and even local banks issued their own currency.

Yeah, that’s Lincoln on his own money.

The ten dollar bill is called a “Dixie” or a “Sawbuck” because of this bill. The large Roman numeral X reminded people of the x in Dixie. It started in the South as an insult to the Union. People also thought the X looked like a saw horse. Slang for a sawhorse was “Sawbuck”.



HOLD ON TO YOUR HAT

American currency is not only worthless but unconstitutional as well. See the Proof.

The Constitution grants Congress the power:

“To coin money, regulate the value thereof, and of foreign coins, and fix the Standard of Weights and Measurements””

Anyone see anything about printing money? Didn’t think so. Until 1861, States and banks printed “Bank Notes” promising to redeem the bearer an equal amount of gold or silver COINS. On February 25, 1862, the Legal Tender Act empowered the Secretary of the Treasury to issue paper money (“greenbacks”) that were not immediately redeemable in gold or silver. The National Currency Acts of 1863 and 1864 created a system of nationally chartered banks that could issue bank notes supplied to them by the new Comptroller of the Currency, and a 10 percent tax was placed on state bank notes to drive them out of business and establish a federal monetary monopoly.

The Gold Standard Act of the United States was signed by President William McKinley on March 14, 1900. It established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold). On April 25, 1933 the United States and Canada dropped the gold standard. In 1965, silver was removed from U.S. coinage. They are now made of zinc and copper.

Dollars to nickles have a copper core and a zinc coating. The penny has a zinc core and a copper coating. Weird huh? Take a slice off the edge of a penny and see what you find.

When at the checkout, I usually whip out a bill and say “Will you accept this instead of cash?”

I almost always get a blank stare.