What is Digg?74 Comments
- joerod, on 10/12/2007, -0/+27to some degree i admire the counterfeiters, because they get so damn creative.
- rasterbator, on 10/12/2007, -0/+21one of these days, someone will counterfeit the one dollar bill and it will be hard to tell the counterfeiters from the strippers.
- rasterbator, on 10/12/2007, -0/+14I don't think the one dollar bill has a security strip.
- NinjaBoy, on 10/12/2007, -1/+15Iv had friends that did that. They whould just take ***** looking fake dollar bills into a strip club. But with the lights so dim and the girls so dumb they always got away with it. And some lap dances too!
- durrty, on 10/12/2007, -0/+13If you read the article it speaks to both your comments.
To keep the feel, the counterfeiters are bleaching the ink off of the 5 dollar bills and re-printing them to be $100's. And they can't use the 1's because it doesn't have the security strip that the larger bills have in them.
And you wouldn't be buying anything a fake 5, you would be buying stuff with fake 100's printed on what used to be a $5 bill. - inactive, on 10/12/2007, -0/+13It might work if people actually checked the security things they put on the bills...
- slimer369, on 10/12/2007, -0/+13agreed.
If you have or use counterfit money casually for fast food, some groceries, basic things around town it will never be checked.
Once you go out and start buying xbox's with fake 5's or whatnot then you start to get looked at weird.
It's not that I condon using fake money but it's too easy to get away with and something more than changing the designs and adding secturity measures needs to be done. - TemplarCrosland, on 10/12/2007, -2/+13I kind of like the fact that our bills are antiquated looking. Living in the "New World" it is nice to have something that at least kind of shows our place in history. Does anyone agree with me?
- masamunecyrus, on 10/12/2007, -1/+12I've always said that if you're going to counterfit, counterfit $1s, and if you're going to steal someone's credit card, only pay for food and gas. With the latter, most people won't notice, and will just think they need to cut down on their driving, or such. With the former... Nobody checks $1s. $1s are like the pennies of dollars. There's hardly any security on the things, and nobody checks the security that IS on them.
- oGMo, on 10/12/2007, -1/+12"Get rid of the $1 bill (only useful in strip clubs)"
And most vending machines and convience stores for small items. Dollar bills are a lot lighter than coins. If i spend $1 out of a $5 bill, I don't want 4 $1 coins. - FenderGeek, on 10/12/2007, -0/+10@slimer369
Actually, a lot of counterfeiters get caught at the local gas stations and party stores. Fake money generally doesn't "feel right" when you run it through your fingers. It's tough to fake the paper because it's not really paper, it's more like linen. - Powermac, on 10/12/2007, -4/+14Cash is outdated.
- Hulka, on 10/12/2007, -2/+12Get rid of the $1 bill? Surely that statement is laced in sacarsm because I know I wouldn't want to get all my sub-five dollar change in coins.
- Kickboy, on 10/12/2007, -0/+10Still rather stupid to redesign a bill when the old version is still perfectly legal. All those counterfeiters are still going to copy the older version. Granted, the old version will be phased out in... 20 years? In which time they'll have figured out how to copy the new bill, and you'd start over again.
But if they want to waste more tax payers money, I guess we can't stop them. - ScottJG, on 10/12/2007, -1/+10Who cares if it looks pretty or not, as long as I can still spend it...
We arent in a beauty competition nor in a money coloring competition with other countries.
And I like my money the same size. - Elrod, on 10/12/2007, -1/+9Tell that to the strippers down at the club.
- saury316, on 10/12/2007, -2/+9US money is printed on cotton not paper
- inactive, on 10/12/2007, -7/+14They can start by taking god off the money. It's biased, not all Americans believe in a god, and it shows preference to those that do. How about we trust in our nation, the people, democracy, or reasoning? Something neutral that applies to everyone.
- TriZz, on 10/12/2007, -1/+7Because the $1 doesn't have the little strip running through it that says "US TREASURY DEPT." The $5 does...so most of the work is done for them. The strip, the exact paper (which are the hardest parts to replicate) - all they need now is ink.
- genen, on 10/12/2007, -0/+6They use different paper for $1... I was on a jury in a Nigerian scam and learned quite a lot from the Secret Service testimony... fun stuff!
- oGMo, on 10/12/2007, -1/+7Uh that's nice, but this isn't Europe, and it's possible that things are slightly different here. Do you have any reasonable solution for eliminating the coin problem? I have nothing against Europe, but "we should get rid of $1 bills because Europe doesn't have them" isn't a great argument.
Personally I rarely carry cash at all and use plastic simply because I don't want to have to deal with loose change or a multitude of bills. I don't want to have to take coins, and I don't want $1 things to be $5, so unless there is a solution here, I'd rather stick with paper. - viciousnet, on 10/12/2007, -0/+6if only they looked carefully at the strip, it will clearly tell you what type of bill you should be looking at repeatedly.
- adodaro, on 10/12/2007, -0/+6I wonder why they don't update the design of the one dollar bill. I know that there are so many in circulation but it's going to be strage when the other bills are very colorful and "new" looking and the $1 bill appears very dated. I'm glad that American dollars are slowly starting to resemble the Euro and other forms of European paper currency.
- Shaggy6ster, on 10/12/2007, -0/+520 years? Old bills get phased out ALOT faster than that. I remember, as a child, going in to work with my father at a bank. He pointed out a giant packing crate, stocked FULL of old money. Tatterd, dirty, burned, ripped, or unuseable for any other reason, they get sorted, counted, bundled, and packed together. The Feds show up, take all the old money, and replace it with brand new bills, hot off the presses.
When new bills are released, they use this same process to eliminate the old bills. Think, how many old 100's, 50's, or 20's do you still see in circulation? none of those redesigns took place 20 years ago... - kherrick, on 10/12/2007, -0/+5Get a two dollar coin like in Canada. I sure grew fond of it during my two years there.
- garbanzo, on 10/12/2007, -2/+6The one dollar bill comes in handy when it's time to make change, I think we should keep it.
- onClipEvent, on 10/12/2007, -1/+4i'm always intrigued with Americans' general hatred for $1 coins, the government tried several times to introduce and hopefully replace the dollar bill, but none of the efforts caught on. i work in retail, and it's a huge pain to sort through all those dollar bills, they're usually dirty, falling apart, and very slow to give change to customers (try picking out four old dollar bills vs 4 coins).....as for the weight factor that some mentioned, of course the coins are heavier, but chances are you probably wouldn't carry the same amount as you would before.....do most people stop using quarters because they're heavy?
anyway, i just find the monetary system in the US surprisingly archaic compared to other developed countries, Canada, and many European countries are pushing towards a cashless society already, it's generally much safer, faster (for both consumer and institutions), and more convenient......people are stuck in their old ways. btw, check writing in grocery stores in Canada is pretty much non-existent, but not in the states, tho it's changing in many places. perhaps a push for a cashless society will dilute the need/importance of having bills, especially $1 bills. - bgii2000, on 10/12/2007, -1/+4All of you who have complained about The Color of Money are overlooking one useful feature of the old all-green-scheme. Privacy. In the case of foreign cash, you can tell at a glance how much money someone is holding because of its color. However with US money, the true value is hidden from the casual observer. Admittedly this fact can be exploited for nefarious purposes as well.
- masamunecyrus, on 10/12/2007, -2/+5I hope the $5 isn't as ugly as the $10. The $10 looks like someone spilled coffee on it.
And in anycase, there are a lot of countries with prettier money than us.
Canada:
http://www.craigmarlatt.com/canada/images/images&downloads/currency.jpg
http://absolutestockphoto.com/albums/userpics/10012/normal_Absolute_12_5208.jpg
Japan:
http://z.about.com/d/gojapan/1/0/B/L/newbills.jpg
China:
http://www.istockphoto.com/file_thumbview_approve/342763/2/istockphoto_342763_chinese_currency.jpg - pbaehr, on 10/12/2007, -4/+6Pardon my ignorance, but why bleach a $5 bill and reprint it when you could use a $1. Seems to me it's $4 more profitable. Also, they're still not redesigning the $1 bill, so it's not a threat, I guess.
I'm sure there's a reason. Anyone know what it is? - jhuynh, on 10/12/2007, -0/+2"I also fear having all my money "in a computer" that can be wiped out with a virus or some other attack."
Do you really think when you put your money in the bank they just keep your money in the vault? All they do is keep a record of what you put in your account and they invest most of the rest of the money. They keep enough cash on hand for people that need to withdraw some cash. Right now your balance is just in some database that tells the tellers how much money you can withdraw if you wanted to. Unless you don't have a bank account and keep all your money under your bed I don't see what the problem is with having computers keep track of your money considering they already do... - inactive, on 10/12/2007, -0/+2"No, I don't know that atheists should be considered as citizens, nor should they be considered patriots. This is one nation under God." George H. Bush
Am I being too sensitive now? I served this country in the military, and it doesn't mean anything to a former president, all because of my religion. I'll be damned (no pun intended), if I let people judge me based on faith, instead of the value of my character. The government, favoring a religion, sure isn't helping. - kherrick, on 10/12/2007, -0/+2Actually we still have 50 cent pieces and 1 dollar coins in circulation. No "toonies" to my knowledge though. I actually enjoyed having the large two tone 2 dollar coin while in Canada. The 1 dollar coin is welcome also. Either a change purse, or a jar at home to toss them in, and "cash in" later. :-)
- eaasness, on 10/12/2007, -0/+2@DoctaStooge
We actually have 6 coins in circulation. Penny, Nickel, Dime, Quarter, Half Dollar, and Dollar. - mikeon, on 10/12/2007, -0/+2What about the $2 bills?
- Lazybones, on 10/12/2007, -0/+2"While in Canada there was no way that was going to happen... and lots of places wouldn't take a credit or debit card."
When was this?
Much like the US, things like this vary from between provinces. I haven't seen a single Mc Donalds that didn't take debit in years. The one near my office also takes credit, but I don't like paying interest on Fast Food.
Took a vacation between Alberta and British Columbia earlier in the month.. 2000 + KM and the only place that was cash only was a camp ground because the main office wasn't open yet for the season, everywhere else took debit, even the road side fruit stands! - raindog469, on 10/12/2007, -0/+2adodaro, as the article says, Congress actually passed a law prohibiting changes to the design of the $1 bill because of the impact it would have on small businesses.
- Otto, on 10/12/2007, -1/+3I totally agree. When I was in Australia, they had the one and two dollar coins, and the lowest bill was a five. It was damned convienent too, since I could pay for most everything with just a few coins. Not having to deal with paper money is great.
- celeronxl, on 10/12/2007, -0/+1Raindog: That's interesting. What impact would it have exactly?
- marix, on 10/12/2007, -2/+3if you find a 10 or 5 from a few years back before the large portrait addition it looks fake.
its crazy how quick we get used to new things we see every day
like war for instance
uh oh! - Eldoo77, on 10/12/2007, -1/+2no security strip... duh
- masamunecyrus, on 10/12/2007, -1/+2The old versions are phased out as soon as the new versions start printing. There's just some lag while the old ones are still in circulation.
- ekeup, on 10/12/2007, -0/+1I'm just guessing, but those "antique" $5 bills could probably be bought for less than $95 for a LONG time.
- uptown, on 10/12/2007, -0/+1Because a retailer is still obligated to accept currency using the old design which they could continue to print on old $5 bills. By printing new $5 bills, and removing the old $5 bills out of circulation they remove the media on which the phonies can be printed.
- ParadoxControl, on 10/12/2007, -0/+1@Slimer
I work at a grocery store, and we check every 10, 20, 50 and 100 that comes through the lane. - raindog469, on 10/12/2007, -0/+1Other than every laundromat and vending machine company in the country needing to replace all their dollar bill acceptors and change machines, I have no idea, but I'm no politician.
- xxCBxx, on 10/12/2007, -1/+2Counterfeiting one dollar bills is not profitable, that's why scammers usually stick to twenties and larger.
- jholland, on 10/12/2007, -1/+2Using $1 coins is nice because they are cheaper in the long run. A $1 bill has a short life span, but a coin can go on for a very long time. It is smart and makes sense. Plus you can save more when you stash your coins in a jar :)
- Kidsizzle, on 03/30/2009, -0/+0Well the $1 won't work because of the security strip that is not there. People use the $5 because it is the lowest denomination that has the security strip and if you print a $50 on it the strip will still say 5 but they'll over look it. Same reason why you would use a $10 for a one hundred dollar bill.
- tenfingas, on 10/12/2007, -1/+1whether you like it or not the United States was founded by people who believed in a Christian God and it is part of this nations history. I totally believe in separation of State and religion but i also don't mind it in our money and public documents/stamps/etc.. cause i see it as part of history. And i believe there are more important issues to fight for. People who make it such a huge issue and cause, i think are overly sensitive. Also when is money ever showing any preference towards anybody.. religion or race? Money is money and it doesn't care if you believe in God or not just as long as you spend it... lol
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