20 Money Facts You’ll Wish You Didn’t Know
from highimpactflix, via The Victory Report With that in mind, here are some really interesting facts about money that most people probably don’t even know. 1 In the 1920s, Hyperinflation got so bad in the wymar republic in Germany that it became more cost effective to burn currency for fuel than to use it to buy wood. Children played with it, streets were littered with it and others used it as wall paper. 2 The metallic odor of coins is actually skin oils decomposing after touching the metal of the coin 3 Though most believe Federal reserve banks are governmental entities, they are not. Instead they are privately held banking monopolies whose monetary policies don’t need the approval of a President or anyone else in the executive or legislative branches of Government. The Federal Reserve is no more federal than the folks over there at federal express. 4 There are 182 official currencies world wide 5 The largest US currency note ever printed was the 100,000 bill in 1934. The bill bears the image of Woodrow Wilson. 6 Ever hear somebody say, I’ve got 10 bucks in my pocket. The term “buck” comes from a time when deer and elk bucks were traded for goods and services before paper money. 7 As long as you have 51% of a bank note, the Office of Currency Standards will replace it with a new one. 8 If you had one Trillion dollars and you spent 1 dollar every second you’d be spending 86,400/ day or 31.5 million per year. It would take you over 31 THOUSAND years to spend that Trillion dollars. Wrap your brain around that fact. 9 In the 1930s and 40s an elderly man named Edward Mueller, who produced very poor quality counterfeited 1 dollar bills, bearing the name WAHSINGTON, managed to elude the secret service for 10 years before being arrested. They eventually made a comedy film about him and he made more money on the royalties from the film than he had in his entire counterfeiting career. 10 The largest counterfeiter of US currency is the nation of North Korea 11 5% of lottery ticket buyers buy 51% of all tickets sold 12 The coinage act of 1792 established the US mint, made coin defacement and counterfeiting punishable by death. This means that Abraham Lincoln, who approved the green back banknote and anyone who consented to the birth of the federal reserve, which is an organization that counterfeits our nation’s currency, is guilty of breaking that law and by that law should be put to death. 13 More than 2 MILLION Americans live on less than $2 a day 14 Under U.S.C Title 18; its against the law to write on, or in any way deface U.S. Currency. Hmmm guess no one told these people…or they just don’t care. Besides, technically, a federal reserve not is not U.S. Currency its private banker paper. 15 All paper currency is made from a custom blend of 25% cotton and 75% linen. Its closer to cloth than paper. And its illegal for anyone outside the Bureau of Engraving and Printing to use this blend. 16 All 50 States are listed across the top of the Lincoln memorial on the back of a $5 bill. 17 90% of all US currency carries traces of cocaine and 94% carries pathogens and other contaminants like fecal matter. Anybody got a wet wipe? 18 To deal with hyperinflation that reached the ridiculous level of 231% and saw the price of bread rise to 300 billion Zimbabwean dollars, the Zimbabwe government began issuing 100 TRILLION dollar notes, the highest denominated bank note in the world. 19 8% of the world’s currency is physical paper. The rest is only numbers printed on a screen. 20 in 1910, the Federal Reserve System was hammered out in secret by a group of private bankers and their powerful representatives in order to take over the entire monetary system of the United States. The meeting was conducted at a private resort owned by the dominating financier of the day, J.P. Morgan at a place called Jekyl Island Georgia.