And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Wednesday, April 27, 2022
Bring back money like this. Backed by gold/silver, and with Lewis, Clark and a buffalo!
these notes back then were so beautiful they should redo them.
a couple of years ago they were talking about putting some woman on the $20 bill replacing andrew jackson. not a lot of people know how important he was too this country with the war of 1812 and then taking the rest of the country to the west coast stopping other countrys from trying to settle our country. he was one tough sob
IMO, one of the most important things that Andrew Jackson veto the recharter of The Second Bank of the United States.
..Why was Jackson so opposed to the Bank? On a personal level, Jackson brought with him to Washington a strong distrust of banks in general, stemming, at least in part, from a land deal that had gone sour more than two decades before. In that deal, Jackson had accepted paper notes — essentially paper money — as payment for some land he had sold. When the buyers who had issued the notes went bankrupt, the paper he held became worthless. Although Jackson managed to save himself from financial ruin, he never trusted paper notes again. In Jackson’s opinion, only specie — silver or gold coins — qualified as an acceptable medium for transactions. Since banks issued paper notes, Jackson found banking practices suspicious. Jackson also distrusted credit — another function of banks — believing people should not borrow money to pay for what they wanted.
Jackson’s distrust of the Bank was also political, based on a belief that a federal institution such as the Bank trampled on states’ rights. In addition, he felt that the Bank put too much power in the hands of too few private citizens -- power that could be used to the detriment of the government. The Bank also lacked an effective system of regulation. In other words, it was too far outside the jurisdiction of Congress, the president, and voters....
I don't see any difference than with our money today. It is a note, not a silver or gold certificate. I can remember when dollar bills actually said "silver certificate" on them (1960s).
Maybe someone can answer this for me. We've been paying income tax since 1861, but at that time we had gold-backed currency. Now that we no longer have gold-backed currency, why do we still have to pay income tax, esp. as the goverment has its own printing presses? I'm sure there's some really good reason, but I can't think of one.
Yeah, that's just a US Note, not a silver or gold certificate so just Fiat. But in those days you could have exchanged it for a gold certificate and redeemed that for an Eagle. Or probably just swapped with somebody who wanted to spend ten bucks on a nice horse and didn't need specie to pay for it.
They are not just "notes, " they are ink on paper. If no one wants to trade goods or services for your pretty artwork, they are either toilet paper or dry tinder.
these notes back then were so beautiful they should redo them.
ReplyDeletea couple of years ago they were talking about putting some woman on the $20 bill replacing andrew jackson. not a lot of people know how important he was too this country with the war of 1812 and then taking the rest of the country to the west coast stopping other countrys from trying to settle our country. he was one tough sob
IMO, one of the most important things that Andrew Jackson veto the recharter of The Second Bank of the United States.
Delete..Why was Jackson so opposed to the Bank? On a personal level, Jackson brought with him to Washington a strong distrust of banks in general, stemming, at least in part, from a land deal that had gone sour more than two decades before. In that deal, Jackson had accepted paper notes — essentially paper money — as payment for some land he had sold. When the buyers who had issued the notes went bankrupt, the paper he held became worthless. Although Jackson managed to save himself from financial ruin, he never trusted paper notes again. In Jackson’s opinion, only specie — silver or gold coins — qualified as an acceptable medium for transactions. Since banks issued paper notes, Jackson found banking practices suspicious. Jackson also distrusted credit — another function of banks — believing people should not borrow money to pay for what they wanted.
Jackson’s distrust of the Bank was also political, based on a belief that a federal institution such as the Bank trampled on states’ rights. In addition, he felt that the Bank put too much power in the hands of too few private citizens -- power that could be used to the detriment of the government. The Bank also lacked an effective system of regulation. In other words, it was too far outside the jurisdiction of Congress, the president, and voters....
https://www.federalreservehistory.org/essays/second-bank-of-the-us
azlibertarian
A buffalo "Bill" ?
ReplyDeleteBuffalo?? I thought that was Moochelle ....
ReplyDeleteYour're thinking of "Buffarilla"."
DeleteI don't see any difference than with our money today. It is a note, not a silver or gold certificate. I can remember when dollar bills actually said "silver certificate" on them (1960s).
ReplyDeleteIs there enough gold on the planet to match our spending? And here's the hint - FEDGOV must spend less and reduce its workforce.
ReplyDeleteMaybe someone can answer this for me. We've been paying income tax since 1861, but at that time we had gold-backed currency. Now that we no longer have gold-backed currency, why do we still have to pay income tax, esp. as the goverment has its own printing presses? I'm sure there's some really good reason, but I can't think of one.
DeleteYeah, that's just a US Note, not a silver or gold certificate so just Fiat. But in those days you could have exchanged it for a gold certificate and redeemed that for an Eagle. Or probably just swapped with somebody who wanted to spend ten bucks on a nice horse and didn't need specie to pay for it.
ReplyDeleteThey are not just "notes, " they are ink on paper. If no one wants to trade goods or services for your pretty artwork, they are either toilet paper or dry tinder.
DeleteLewis, Clark, buffalo and BOOBIES !
ReplyDeleteGoogle Mexican bank notes sometime. They hired even better artists than we did for their currency.
ReplyDeleteI'm reading Undaunted Courage right now and it is fascinating, can hardly put it down.
ReplyDelete