Re: Another stab at my $500 Bill, and other issues?

On Mar 11, 1:16 pm, Dave Allured <nos...@xxxxxxxxxx> wrote:
malanutt4l...@xxxxxxx wrote:

Here is a letter I'm going to send to a few of my Congressmen, to
take
another chance at the issues that I think should be addressed. Same
ole same ole, ya da ya da...

Dear Congressman,

I am writing to you on the issue of modernizing the United States
currency system. Here are some suggestions:

Redesign of the Half Dollar Coin:

The half dollar coin should be redesigned to be a size in between the
nickel and quarter dollar coin, copper in color, but with a reeded
edge, so as not to confuse the new half dollars with the penny, or
golden colored dollar coins. The smaller size may allow vendors to
program their machines to take the new halves, without replacing
their
current coin slots, those of which are too small to fit a current
sized half dollar coin. A circulating half dollar coin could save the
government money, on cutting the minting of quarters about in half.

Colorization, but NOT redesign of the $1 Federal Reserve Note:

The $1 Federal Reserve note, which is advised by Congress not to be
redesigned, should at least have the following security features
added, to prevent counterfeiters from bleaching a $1 bill, and
printing a pre-1990 $5 note or higher, on the genuine currency paper,
which would even a counterfeit tester pen: A security thread that
glows under ultraviolet light and reads "USA 1" on the thread.
Clusters of little "01s" in the white areas of the obverse and
reverse. A watermark of some type. And a tint of color. These
security
features should only be added to the $1 note, if it does not
interfere
with vending machine dollar bill readers, such as how, the inks in
the
different serial numbers and Federal Reseve seals, and signatures do
not interfere with vending machine dollar bill readers. Numismatic
colorized $1 bill items, could also earn the government money.

Complete Redesign of the $2 Federal Reserve Note:

The $2 note should be redesigned to feature an enlarged portrait of
President Thomas Jefferson, a security thread that glows under
ultraviolet light and reads "USA 2" on the thread, two watermarks,
one
of a huge numeral 2 to the right of the portrait, similar to the new
"NEXGEN" $5 notes, and three spellings of the word "TWO" to the left
of the new $2 notes, so as not to confuse the new $2 notes, with the
new $5 notes, which features three 5s, in numeral form, should a new
$2 note be bleached and attempted to be a counterfeited $5 note, it
would be eaier to tell a "word" watermark on a $2 note, from a
"numeral" watermark on the $5 note. Clusters of little "02s" should
also be added to the obverse and reverse of the new $2 notes. This
redesign of the $2 note, should also feature a huge numeral 2,
similar
to the huge numeral 5 on the new $5 note, on the reverse of the lower
right corner of these new $2 notes, but the numeral two should be
printed in red ink, to help tell the difference of a new $2 and $5
note, with its purple colored numeral 5, easier. A redesign of the $2
note would also help people tell the difference between a $1 and $2
note, as the current $1 and $2 notes look very similar, and a $2 note
may easily be mistaken for a $1 note, under poor lighting, or by
people with poor vision. With the $2 note redesigned, the $1 note
would be the only Federal Reserve note with the smaller portrait.
Finally, the reverse of the new $2 notes should feature a Louisiana
Purchase theme, to celebrate the Bicentennial of the Louisiana
Purchase, a redesign of which, should have happened with the printing
of the series 2003 $2 notes. A redesign of the $2 note will also make
people more aware that, the $2 note is still being printed, and they
are not "rare collectibles" which may cause consumers to spend more
$2
notes, and hoard less. With the strong opposition to the $1 coin, a
widely curculated $2 note, could save the government money, by
printing less $1 notes. Numismatic items for the redesigned $2 notes,
could also earn the government money.

Reissue of the $500 Federal Reserve Note:

Due to inflation, and the fact that a $100 note, going back to July
14, 1969, when the $500 note was last issued, equaled to about a $500
note today, the $500 note should be reissued, no later than the year
2009. A new $500 note would also be used as a strong and convenient
store of wealth on underdeveloped countries, and could compete with
the Euro, as the government may already be losing out, as some Euro
countries store 500 Euro notes instead of $100 U.S. Federal Reserve
notes.

Reissue of the $1,000 Federal Reserve Note:

Due to inflation, and to the fact that the 500 Euro note sometimes
exceeds $500 USD, the $1,000 note should be reissued no later than
the
year 2010. The United States should have a higher denomination
currency note, to better compete with the Euro, and insure United
States currency as a strong store of wealth in underdeveloped
countries and more convenient to the Euro countries. Using U.S.
$1,000
note over 500 Euro notes, would benefit the U.S. government.

Issuance of a $200 Federal Reserve Note:

Due to inflation, and to compete with the 200 Euro note, a new $200
U.S. Federal Reserve note should be issued. These new $200 notes,
along with new $500, and $1,000 notes, would also save the government
money, by needing to print less $100 notes, which the demand for them
is growing, especially overseas. These new $200 notes should be
issued
simultaneiously with a new $500 note in the year 2009.

Please take these issues into consideration. As for the larger
denominations, I know that there are concerns of drug dealers and
money launderers, and other crime organizations using them, but it
has
been said that these crime doers usually prefer $5, $10, and $20
bills
in their dealings, which leads me to believe that new $200, $500, and
$1,000 notes would not benefit these crime doers very substantually.
And we should think of the good people who will use these new larger
denominations. And I like to use cash when buying large, and
expensive
items, and a large wad of $100 notes is a pain, and more noticible by
potential muggers and theives, than a few $200, $500, and/or $1,000
notes would be. Even though there are now more secure ways to pay for
things, such as checks and credit cards, I have found myself in the
situation, many times where, I'm in a long line at a store, and when
I
finally get to be second from the last person in line, the last
person
in front of me, whips out their credit card, or check, and the
machine
goes haywire when the person tries to use it, further delaying me
from
paying and leaving the store up to a half hour or so, at times. With
new larger denominations of currency, this may slow down a bit, as
people may seem more secure about using cash, as it becomes more
convenient. Furthermore, my mother has won a few progressive bingo
jackpots over $2,000, and when she cashed the check at the bank, she
wanted to get all large bills, and still had to deal with a fairly
large ammout of $100 notes, where as, she could have had an easier
time with a few $200, $500, and/or $1,000 notes. I even made a remark
to the seller of a used truck that I bought for $900, that I wish
they
would reissue the $500 note and issue a new $200 note, to which he
responded, "They should bring back the $1,000 note" So there is
demand
for larger denominations of U.S. currency. I also sometime save large
ammounts of money, and larger denominations would be alot easier to
keep count of my savings. So again, please take these measures into
consideration. As for redesigning the $2 note and adding color and
security features to the current $1 note (without redesigning the $1
note) with these features will render "perfect" counterfeiting,
nearly, if not totally impossible, if people check their money. With
times the way they are, these changes should be made in time for the
start of a new decade in 2011.

Sincerely,

I decided not to go into any detail as to what I wanted to see on the
new $200, $500, and $1,000 bills this time. I'll let them figure that
part out, this time.

And Bruce, since you always mention for me to use credit cards, I made
a
special paragraph at the bottom of the letter to address my
opposition
to them. And I don't care if I'm "thinking out of the box" or not.
(-;

Retiring the US penny, nickel, and $1 and $2 paper notes are more
important to our monetary system than everything you propose.  I give
you an A for creativity and grasp of technical issues of paper money,
but your priorities are all messed up.  If you want to create something,
write about a $5 coin.

--Dave- Hide quoted text -

- Show quoted text -

For who is it better?
.

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