Message:

<p>[QUOTE=&quot;ValpoBeginner, post: 2875778, member: 77066&quot;]I understand that the polymer Banknotes are much more economically viable in that they last longer, cost less to produce, and have more possible security features. I use them abroad all the time and they seem cleaner too.</p><p><br /></p><p>I just think that the US Treasury and the Bureau of Printing and Engaving ought not get into the oil business.&nbsp; I understand that the Federal Reserve is a private corporation, but ethics as they are currently, suggest that we keep using a renewable resource for our paper money.&nbsp; I believe it can be recycled too... after its circulation life, bills deemed&nbsp; unfit go to a destruction facility.&nbsp; What happens after they are shredded, I&#039;m not sure.</p><p><br /></p><p>As a collector of US and World Paper Money,&nbsp; I really like that we get new series every so many years. This makes them more scarce and the fact that their survivability and condition are factors in collector value makes them even rarer.</p><p><br /></p><p>Finally, I think we have demonetized some currency, I don&#039;t think fractional currency notes are still acceptable.&nbsp; I know that compound interest bearing notes have been taken back by the government. Treasury coin notes and National Bank Notes are no longer legal tender.&nbsp; I believe that we have demonetized quite a few types of bills.</p><p><br /></p><p>To England the only real chaos that can be possible is amongst the citizens that are not currently in the country and are actively serving or working elsewhere in the world, who have hoards of coins in their change jars back home.&nbsp; Excercizing due diligence at home is the duty of the Englands people.&nbsp; They have had their warning.&nbsp; But the governments Royal Treasury is the real winner here.&nbsp; For every pound that doesn&#039;t make it back to the Bank of England, they get to deflate their currency.&nbsp; This is why speculators are already betting on the pound to make its way back up the ladder toward its former glory at $1.75US per 1 Pound.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in