Posted on 05/06/2012 2:13:29 PM PDT by MeneMeneTekelUpharsin
SHELBYVILLE, Tenn. (AP) — Tennessee police are apologizing after arresting a man for using a $50 bill they thought was fake but that turned out to be real. Police in Shelbyville thought the bill was counterfeit after a convenience store clerk called them. The clerk said a marker used to detect false money didn't show the bill was real. (excerpt - read more at link)
(Excerpt) Read more at t-g.com ...
Not since 1967
Cop goes into immediate denial and goes to a second bank. After he finds out it is legal tender, he still tells Lorenzo Gaspar to exchange it. Ignoramuses everywhere, and no mention of the Quik Mart manager and employees responsible for starting that mess.
I expressed a related, if flippant, observation in a recent post and Freeper AnonymousConservative replied with a detailed analysis...he diagrammed my sentence, so to speak. It explains my viewpoint far better than I was willing to express. I hope you enjoy it as much as I did:
"I’ve said this so many times now, I’m going to turn blue in the face. In evolutionary ecology, free resource availability in a population (think of a productive society, where nobody has to demonstrate fitness to acquire the resources necessary to survive and mate) produces r-selection, which culls the population for a psychology averse to competition, cowardly, promiscuous, prone to single parent, and prone to support early sexualization of the young. THis si all an attemtp to produce as many cheap offspring as possible, to out-reproduce everyone else. Since no one has to demonstrate fitness to acquire the free food, they eventually trade off the fitness for more kids. Kind of like the free grass availability every rabbit has, has culled their species for this pacifistic, promiscuous, low-investment parenting psychology, and turned them into a potentially invasive species, if the predation were removed.
Resource shortage forces everyone to demonstrate fitness, to acquire resources (else they be denied resources through an inability to compete for them). This produces a psychology which is competitive, fearless, and which strives to produce ultra fit offspring (to see their genes pass forward), through carefully selecting a highly fit mate, monopolizing their fitness through monogamy, raising offspring carefully for extended periods using high-investment, two-parent child rearing (to protect them, and make them as fit and capable as possible, so they can acquire resources), and which discourages young from entering the mating market, until they are fully mature, and not likely to get killed in the aggressive, competitive, K-selected environment. Here, parents stop trying to produce a lot of cheap kids, and just focus on producing a small number of highly fit kids, since only the fit will survive and mate.
You really can’t understand politics without understanding r/K Selection Theory. Liberals are just the r-type portion of our populace, while Conservatives are the K.
So a population succeeds, and produces successfully. It then creates an r-selected environment, where every idiot and their brother can get free resources due to the excess productivity. Suddenly the population which grows the fastest is the prolific r-type welfarites, who just eat government cheese, and have fifteen kids, each generation dumber and more prolific than the last. It’s the movie Idiocracy in action.
Except, before we get to President Camacho, the welfarites become so burdensome on the system, that the producers can no longer support them, and they collapse the society. THis creates resource shortage and K-selection, which eventually resets the clock back, so the cycle can begin again.
It’s funny to see the exact same thing in nature, in other species. I now think of the Democratic Party like our own invasive species. Give them free resources, and watch them explode in number, and collapse the ecosystem. Then watch resource shortages reset everything so we can take the ride again."
>> “I’ve never seen a silver certificate for more than $10.” <<
From 1934 to 1957, all paper money was silver certificates.
Are you sure? That doesn't sound right to me.
Another good question, is what is in an older bill that is not in a newer bill? The older is probably a silver certificate, and backed by an implied reserve of the precious metal, while the newer is fiat currency, "it shall be worth $50", and has no backing.
Also, from a collectors standpoint, the old $50 is probably worth a good bit more than $50.
Another good question, is what is in an older bill that is not in a newer bill? The older is probably a silver certificate, and backed by an implied reserve of the precious metal, while the newer is fiat currency, "it shall be worth $50", and has no backing.
Also, from a collectors standpoint, the old $50 is probably worth a good bit more than $50.
The counterfeit detector pens, afaik, indicate the presence of wood fiber, something present in notebook paper
***********************************
I think you’re right about that ,, or at least they detect acid which is common in cheap paper
Except for Federal Reserve Notes, and U.S. Notes? Silver certificates made up a small percentage of currency issued.
Not the first time auto complete on my tablet has tripped me up.
Beautiful.
Doubtful. The small portrait currency wasn’t replaced *that* long ago, and as this gentleman found, can be a liability in that many people are too stupid to recognize it as legal tender.
You don't know WTF you're talking about.
The Federal Reserve was created in 1913. You think they gave up printing money for 23 years? In 1934 they stopped issuing notes that were redeemable in GOLD. From 1934 to 1963 Federal Reserve Notes were redeemable in "Lawful Money." Now they aren't redeemable for anything (and thus do not meet the usual legal definition of a note).
The only thing that happened in 1957, as I recall, was that the Fed began issuing one dollar notes (and the Treasury probably stopped issuing silver certificates).
ML/NJ
Some people say the same thing about Muslims. But when they go flying airplanes into buildings or blowing up pizzerias the Muzzies all seem to close ranks around the "bad apples." Cops do the same thing. Watch this video. And here's what happened.
How do you feel when you see one of these jerks speeding by with his "I'm above the law" shield displayed in his front or back window, or even in a patrol car without a flashing bubble light?
All of government has this attitude now. It's not just Obama. And cops are government.
ML/NJ
“If it is a silver certificate, it is redeemable in silver.”
Except that it isn’t.
The Feds defaulted on that commitment back in the late 60s.
A silver certificate is no more redeemable than a gold certificate.
Wow.
That was just plain murder. The guy never had a chance to do anything.
While the older notes lack the more modern anti-counterfeiting measures present in the new notes the pen shouldn’t have been necessary, really. There are fine red and blue silk fibers embedded in the bill, for example, and the engraving should be sharp, etc. Afaik, though, the older notes should pass the pen too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.