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2021-01-26 -Short Attention Span Theater-

Vaccine can wait - Plugs to ‘Speed Up' Efforts to Place Harriet Tubman on $20 Bill

[National Review] The Biden administration is hoping to "speed up" efforts to place Harriet Tubman’s image on the $20 bill after the Obama-era initiative came to a standstill under the Trump administration.

"The Treasury Department is taking steps to resume efforts to put Harriett Tubman on the front of the $20 notes," White House press secretary Jen Psaki told reporters during a briefing on Monday.

"It’s important that our notes, our money ... reflect the history and diversity of our country, and Harriet Tubman’s image gracing the new $20 note would certainly reflect that," she said. "So we’re exploring ways to speed up that effort."

In April 2016 the Treasury Department announced that Tubman, who escaped slavery and helped lead more than 300 others to freedom, would be placed on the front of the $20 bill, while former President Andrew Jackson, a slaveholder, would be moved to the bill’s reverse side.

Posted by Besoeker 2021-01-26 06:13|| || Front Page|| [11132 views ] Top

#1 Wait 'til they remember she was a Republican with a more than passing familiarity with firearms.

Posted by Mercutio 2021-01-26 08:05|| 2021-01-26 08:05|| Front Page Top

#2 So why is it OK to have a Black woman on a piece of currency, but not on a syrup bottle label?

Posted by USN, Ret. 2021-01-26 09:00|| 2021-01-26 09:00|| Front Page Top

#3 the important stuff first, fuckin idiot

Posted by Chris 2021-01-26 10:18|| 2021-01-26 10:18|| Front Page Top

#4 Makes sense if the plan is to make the $20 bill the new $1 bill.

Posted by swksvolFF 2021-01-26 11:23|| 2021-01-26 11:23|| Front Page Top

#5 Print 10 trillion of them just to make sure it gets into circulation. Stack 'em up on pallets and send 'em to Iran.

Posted by Abu Uluque 2021-01-26 12:01|| 2021-01-26 12:01|| Front Page Top

#6 Primer on Length of Service for USA Currency :

Banks and individuals will hand over "mutilated" bills and coins to these agencies. They then validate its authenticity and issue a Treasury check in return. The Bureau of Engraving and Printing receives around 25,000 mutilated currency redemption claims annually. Each bill is shredded and sent to waste energy facilities for disposal.

The Federal Reserve

The great regulator of money distributes currency through its 30 Federal Reserve Bank Cash Offices, after receiving it from the Bureau of Engraving and Printing. But it also destroys currency that it wants taken out of circulation and replaced with fresh money.

The Fed is diligent about keeping our currency fit since a torn or mangled bill can't go through an ATM, a vending machine, or another electronic reader. As a result, the average life of each bill is surprisingly short:

$1 bills: 3.7 years
$5 bills: 3.4 years
$10 bills: 3.4 years
$20 bills: 5.1 years
$50 bills: 12.6 years
$100 bills: 8.9 years
Overall the average life for all bills is about five years.The Fed occasionally has some reason for accelerating the rate at which money is taken out of the system, like when a new bill design is introduced. But generally, a banknote's fitness determines how long it remains in the financial system.
So how does the Fed know if a bill is fit for commerce? It processes currency submitted to its Federal Reserve banks by the public to check for fitness. The cash offices uses a sophisticated high-speed sorting machine called the "Banknote processing system 3000," manufactured by German firm Giesecke & Devrient. The BPS 3000 has sophisticated sensors that check bills for authenticity and defects like graffiti, dog ears, tears, excessive soiling, and limpness. If a bill is counterfeit, it is sent to the Secret Service. But if it's merely unfit by the Fed's standards, then the machine shreds it. Those shredded notes are sent to landfills or packaged and provided as souvenirs to the public on Federal Reserve Bank tours.

How much money does the Fed destroy? In 2010, its cash offices destroyed 5.95 billion notes. In 2009, that number was even larger at 6.05 billion notes. A large proportion of those notes were $1 and $20 bills, which are the workhorses of the American economy. In 2010, 2.6 billion $1 bills were destroyed.

Example:

Posted by Sheba Sforza9849 2021-01-26 18:11|| 2021-01-26 18:11|| Front Page Top

Posted by Sheba Sforza9849 2021-01-26 18:22|| 2021-01-26 18:22|| Front Page Top

#8 The vaccine won't be made/distributed any faster with Congress involved. And the more time they spend on posturing and trivia, the better off we are.

Posted by james 2021-01-26 22:22|| https://idontknowbut.blogspot.com 2021-01-26 22:22|| Front Page Top

#9 how about a Joe Biden $3.00 bill

Posted by 746 2021-01-26 22:33|| 2021-01-26 22:33|| Front Page Top

#10 Put his HHS Secretary's tranny visage on the $3 bill

Posted by Wharong Snore3597 2021-01-26 23:27|| 2021-01-26 23:27|| Front Page Top

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