So what would happen if the United States of America, were to print its own money, Instead of the FED?
The better question in life is what is the real difference between a 1.00 Bill and a $100.00 bill?
I have through out my short time on this earth from time to time pulled out a $1.00 bill from my wallet and a $100.00 bill and asked people that I have met If I was to give you one of these bills which one would you want.
Ironically there was only four times someone said they would take the 1.00 bill over the 100.00 bill. Of course my eyes light up over such, because this is a moment where someone is not affected by the thing called greed. So I have always asked those people this question. Why would you not want to take the 100.00 bill? They all said I do not want to be in your debut. Because no one gives you money with out wanting something in return. I am not sure that I can afford your gift. This has always been something that has impressed me to an extent. I guess it is more important to keep in mind with these experiments are usually conducted in a public place such as a coffee house or a bar with someone I do not know. However, my these handful of people be wiser than they let on? Was I going to really give them the 100.00 bill. Of course not. I did always give the person I posed this question the 1.00 bill for their time.
I do have my motives of introducing the oddity of the findings first for a reason.
The standard result from the majority of the people that I asked said they would take the 100.00 bill. I asked them well why they did not choose the 1.00 bill. Their response was always the same and similar to the following: ” The 100.00 bill is worth more.” Which allowed me to ask another question. That question is “why is the 100.00 bill worth more?” Some of these people look at me like I am crazy after I ask this question. But most say something cute, well the 100.00 bill will give me 100 of those 1.00 bills, Or the blanket obvious the 100.00 bill goes further than a 1.00 bill and will buy more things.” I will thank them for their observation and tell them I have one more question for them at this point. “What really makes this 100.00 bill worth more than the 1.00 bill” they usually will say something well because it is, or the Government says it is.” I ask again, what makes this 1.00 bill worth more than the 100.00 bill. Usually someone becomes slightly frustrated, and rewords what they already said. I then tell them that. No they are wrong about a few things. That the 100.00 bill has the same value as the 1.00 bill and that the 100.00 bill just like the 1.00 bill has no real value but what you think it is, and that as long as people accept it for the goods that you are buying and then it will have that value. That in all honesty it does not cost the bank any more money to print the 100.00 bill over the 1.00 bill. Thus, creating no real additional value over the other.
I also then trifle on some dangerous territory and inform the individual that the money in my hand is not issued by the Government but a Private institution. That the only money that is real money that is issued by the government is the change in your pocket, and that possibly is the only legal currency to exist. I then tell them that the quarter in their pocket very much has more value than the 100.00 bill in my hand. As it is actually made of a metal that has some value in one way or another. Most are confused by this point and I hand them the 1.00 bill, and thank them for their time. Every great once in a while, I will run into the person I asked such questions to again, and a few will approach me and tell me Something similar to one of the following quotations: “Man I think you are on to something big.”, One person said to me, “it might be in your best interest to not be doing such experiments, If people knew the truth that you do, they might panic, or create a revolution”, “I looked into what you had to say to see if you were just some nut job, but turns out your right.” “So I was thinking and asked so and so my smart friend who went to college if you were right, They said they would look into your claims, Turns out you are right, who do you work for, what are you hoping to do when you tell people what you did months ago?” I ought to come up with another questionnaire for those few and far between people that come and say something when i meet them again down the road. But I have not. My comments to those who probe down the road to why did you teach me that? My response is “Knowledge is Power, It is up to you to decide how to use that power.” and walk off.
I should ask those people that I meet again if they have shared the knowledge or experiment with their friends and family. Maybe with a 1.00 bill and 5.00 bill if they do not have a 100.00 in their wallet. If they say yes. Then I should ask them to keep a detailed record of the events who where and responses. And follow up responses down the road, and if we were to ever met again email me those results. Ask them once they have looked into it what does this mean to them? Has it made any impact one way or another? With this knowledge how does it empower them or discourage them? What do they think should be done. So on and so forth. :End:
Here is something that is interesting as well. Why do they call a 1.00 dollar bill a “BILL”? This possibly could be another experiment or demonstration regardless to get people talking about their money. Paper money is called a bill. Here is what the dictionary has to say about bill.
bill Origin
noun1.a statement of money owed for goods or services supplied: He paid the hotel bill when he checked out.2.a piece of paper money worth a specified amount: a ten-dollar bill.3.Government . a form or draft of a proposed statute presented to a legislature, but not yet enacted or passed and made law.4.bill of exchange.5.a written or printed public notice or advertisement.6.any written paper containing a statement of particulars: a bill of expenditures.7.Law . a written statement, usually of complaint, presented to a court.8.Slang . one hundred dollars: The job pays five bills a week.9.playbill.10.entertainment scheduled for presentation; program: a good bill at the movies.11.Obsolete .a.a promissory note.b.a written and sealed document.c.a written, formal petition. *source