Skip to comments.The Federal Reserve And U.S. Treasury Unveil The New 100 Dollar Bill
Posted on 04/22/2010 3:41:54 AM PDT by Tolerance Sucks Rocks
The Federal Reserve and the U.S. Treasury have unveiled the new 100 dollar bill which will go into circulation starting on February 10th, 2011. Officials from the U.S. Department of the Treasury, the Federal Reserve System and the United States Secret Service held a press conference in Washington D.C. today to show off the new security features which they hope will reduce the threat of counterfeiting. The 100 dollar bill is the highest denomination of all Federal Reserve notes currently being produced, and circulation of the 100 dollar Federal Reserve note in the past 25 years has grown from $180 billion to approximately $650 billion, so maintaining the integrity of the note is absolutely critical.
The two most prominent new security features are the "3-D Security Ribbon" and the "Bell in the Inkwell". The blue 3-D Security Ribbon on the front of the new 100 dollar bill contains images of bells and 100s that shift and change from one to the other as you tilt the bill. The Bell in the Inkwell on the front of the new 100 dollar bill actually changes color from copper to green when the bill is tilted. This makes it appear as if the bell appears and disappears within the copper inkwell as you move the bill back and forth.
It is believed that these two new security features will make it much harder for major counterfeiters (such as the government of North Korea) to counterfeit 100 dollar bills according to Treasurer of the United States Rosie Rios....
(Excerpt) Read more at beforeitsnews.com ...
I’ve seen the new Hundred. It looks like a Euro-note.
This is embarassing.
ain’t worth the paper its printed on.
How many loaves of bread does the new $100 bill buy today as compared to 1910?
Sounds like the lenticular spectacles they sell in gag shops. You know, like...
The Chi-coms & their N.Korea friends must be printing them by the millions.
That is what I was scared of. Fortunately, the new note still uses Ben Franklin’s portrait.
At the rate that congress is sending America into debt and debasing the currency, we’ll soon need a one thousand dollar bill to go out and buy a pack of gum.
Personally, if it ever came to that, I would not accept it as legal tender.
One piece of good news is that people currently holding 100 dollar bills will not be forced to exchange them for the new version. All of the old versions will continue to be accepted as legal tender
Sooooooooo...North Korea will still be able counterfeit the old bills?
Surprised that they didn’t try to put 0bummer’s face on it...maybe next time.
I think you have to be dead before they can put your face on money.
Well, about five cents (gold) back then ....
Another way to do the math: In 1900, one ounce of gold was worth $16. Today ..... check Goldseek.com.
Still another is that the deflator for the last century was right at 20. And since 2000, we've had another 20-25% or so. See what that does for your calculator.
One more: The deflator from 1950 to 2007 was 10, exactly (about 15% inflation since 2007). In 1950, gold was $35/oz., vs. $16/oz. in 1900. Try that.
Last time they issued the new $100, it was actually easier to counterfeit than the old one. So here we go again, redesigning the 100 to make it harder to counterfeit. BS. Make work crap. How much did it cost the treasury (our tax money) to do both redesigns? And has anyone noticed that our currency is starting to look a lot like Mexican bills? The oversized pictures of the old dead white guys looking off into the distance. Also looks like the pose from all the soviet inspired obama posters. I am holding on to a couple of the old bills with the small pictures to show my kids what real money used to look like.
I thought gold was $20.67/ounce before FDR devalued the currency to $35/ounce.
Incidentally, if you want to show your kids what real (redeemable in precious metals) money looked like, try to procure some old gold and silver certificates.
Yeah, but in 3-4 years, those brand new old ones will look pretty suspect. But they'll have mastered counterfeiting the new ones by then, I'm sure...
The dollar has been devalued by more than 99% since 1920.
As I understand it, the dollar lost roughly 96 percent of its value between 1913 and today (although it could have lost more; the figures I picked up were from a year or two ago).
I was just reflecting this morning, as I left the diner, that five years ago I was noticing ruefully that I needed a five-spot to cover every single purchase, even de minimis items. This year, the fivers don't get it -- I need a ten, now.
Congress and the Fed stole all our savings.
It had already been devalued before WW I, I think I read somewhere -- at the turn of the century or just before, it was $16/oz.
[Texas Resident] And has anyone noticed that our currency is starting to look a lot like Mexican bills?
Not just the style of the bill and the artwork -- have you looked at a $10 bill after it's been in circulation for a while? It looks like toilet paper. Cheap, cheap, cheap.
Someone wrote an article several years ago that there are two harbingers of serious inflation:
People are telling you, when they don't keep cash carefully, what they think of the currency, and inflation moves soon thereafter.
I have noticed that about the 10 dollar bills. There are a lot of them out in circulation that are really worn out. Not so much for the 20’s.
I always carry both old bills and two silver dollars so I always have "real currency" as opposed to Clinton-Bush lettuce, and "real money" as opposed to currency. I also carry a Libyan 1-dinar note so I can laugh at Khaddafy once in a while, and I also have somewhere a Brazilian note denominated in cruzeiros (that hyperinflated to zero) as a reminder.
Photo analysis is your friend.
“Congress and the Fed stole all our savings.”
Yep. Taxes aren’t the only burden we carry, courtesy of our Fearless Leaders. They’re also systematically debasing the currency, which, in turn, discourages savings and leads to further problems. The money-mad thieves are not gonna leave us anything.
The commmissars will have socalism one way or the other, and they’ll be living in their dachas and shopping at their congressional shops while the rest of us are wearing cardboard shoes and waiting in line for our monthly allotment of TP.
And we used to belittle the Russians!
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