Re: Currency Design
Roedy Green
<loo...@mindprod.com.invalid> wrote or quoted :
>The Canadian dollar now has a metallic laser iridescent strip on both
>sides. It is in full colour with subtle pastel shades. The serial
>number is printed in machine-readable OCR-B. The denomination appears
>in Braille and in very large high contrast print for the visually
>impaired.
features:
a holographic stripe
a watermark portrait
a windowed security thread
a see-through number
raised print
fine-line printing
fluorescence
"Never in human history have such genocide and cruelty been witnessed.
Such a genocide was never seen in the time of the pharaohs nor of Hitler
nor of Mussolini."
~ Mehmet Elkatmi, head of Turkish parliament's human rights commission
on Bush's atrocities in the Iraq war.
--
Canadian Mind Products, Roedy Green.
See http://mindprod.com/iraq.html photos of Bush's war crimes
Roedy Green
prevent counterfeiting.
There are two kinds of "counterfeiting" -- crime families who
illegally create fake bills, and governments who legally print money.
Both devalue the existing money supply. It is sort of like stealing a
little bit from everyone who holds money.
IIRC the USA prints about $1.5 trillion in new money each year.
I don't know how much the crime families print.
The Canadian dollar now has a metallic laser iridescent strip on both
sides. It is in full colour with subtle pastel shades. The serial
number is printed in machine-readable OCR-B. The denomination appears
in Braille and in very large high contrast print for the visually
impaired.
The paper has a sort of pebbly stiff texture.
The art work is from a sculpture at the Vancouver International Air
port done by the late Bill Reid, using a west coast native motif.
Counterfeiting with the old bill was becoming a problem. We even got a
counterfeit from bank cash dispenser.
All bills are still the same size. It would be quite a retrofit to all
the cash handling machines to change that now.
It seems funny that the USA has been reluctant to get with the times
like the rest of the world with better anti-counterfeit measures. They
are so attached to that grey-green as being the colour of money.
Canadians are reluctant to take US currency because it is so easy to
counterfeit, and we typically don't have legit bills on hand to
compare with.
Roedy Green
<loo...@mindprod.com.invalid> wrote or quoted :
>The art work is from a sculpture at the Vancouver International Air
>port done by the late Bill Reid, using a west coast native motif.
see image:
http://www.geocities.com/sdanbewa/JourneySeries/2004_20f.jpg
http://www.geocities.com/sdanbewa/JourneySeries/2004_20b.jpg
The art work is much high quality than the images would suggest.
There are also new $50 and $100 bills
see http://www.geocities.com/sdanbewa/JourneySeries/JourneySeries.html
Bill Bonde
Roedy Green wrote:
>
> Canada has just created a new $20 bill with a number of features to
> prevent counterfeiting.
>
> There are two kinds of "counterfeiting" -- crime families who
> illegally create fake bills, and governments who legally print money.
> Both devalue the existing money supply. It is sort of like stealing a
> little bit from everyone who holds money.
>
What would happen if the money supply was kept the same for all time?
--
Opening her own letter Dorothea saw that it was a lively continuation of
his remonstrance with her fanatical sympathy and her want of sturdy
neutral delight in things as they were—an outpouring of his young
vivacity which it was impossible to read just now. -+George Eliot,
"Middlemarch"
Roedy Green
or quoted :
>What would happen if the money supply was kept the same for all time?
You would have deflation. Because the demand for money would increase
chasing a fixed pool of dollars.
The problem about to hit the USA is that countries beginning to stop
using the US dollar for their transactions, including oil, even when
neither party is American. The demand then for US dollars will drop.
Then the US won't be able to continue to print $1.5 trillion in new
money each year without causing massive inflation. They have been
getting a free ride off the rest of the world as a benefit of being
the global base currency. Basically their inflationary tendencies are
absorbed by the entire planet.
In fact, even if the USA stopped printing new money entirely (by new
money I mean new money where you don't destroy the equivalent old
currency), you would still get inflation and the rest of the world
dumped their US dollars, thus devaluing them and causing inflation.