Bar-coded Currency

[epepke]

They already have OCR that'll read the serial numbers off existing bills, so why put barcodes on money that will get all those religious and privacy rights people up in arms out about "computers comming to get me"?

Blind people.

It's a real pain in the butt for blind people to determine denominations of bills. Coins can be distinguished by feel. Scanners for bills have to use heuristics which change every time they decide to use a different portrait.

Put on a barcode, and a $100 Symbol laser would make this problem go away forever.

 

[Matabiri]

It's a real pain in the butt for blind people to determine denominations of bills. Coins can be distinguished by feel. Scanners for bills have to use heuristics which change every time they decide to use a different portrait.

Or move to a country where the bills are different sizes for different denominations, and different colours (for the hard of seeing rather than the totally blind).

Whose bright idea was it to have all denominations of dollar bills the same size and colour?

 

[epepke]

Or move to a country where the bills are different sizes for different denominations, and different colours (for the hard of seeing rather than the totally blind).

Whose bright idea was it to have all denominations of dollar bills the same size and colour?

Well, I dunno, but I've gone to England just about every year since 1983, and while they've always had different bills in different sizes, the sizes change every half dozen years or so.

 

[jake]

What, you mean the Federal Reserve?

The Federal Reserve does make quite a large amount of money charging banks for various services, plus interest charged for money loaned to it’s depository institutions. It a mistake, however, to believe that there is any private banker making a fortune off this money.

The "Federal" Reserve System consists of a consortium of international bankers, some of the richest men in the world. Why is it a "mistake" to believe they are making a fortune on the 7 trillion dollar debt?Our national debt and private debts are mathematically impossible to repay. The "Fed" has never been audited.

What money the Fed doesn’t spend in its operating costs gets turned over to the Unites States Treasury. Typically, about 95% of the money earned by the Fed is turned over in this way, or about 20 to 25 billion dollars a year.

I wouldn't mind, for example charging 5% interest on all the money issued out of thin air in the US and giving 4% back to the government. I would be content to keep 1% of all the money issued in the US. Hmmmm... let's see..1% of 7 trillion...

Many people believe the Federal Reserve is a private institution. This is not true. It’s considered independent of the government because it does not need Presidential or congressional approval for its decisions, nor does it receive congressional funding. At the same time, it is subject to congressional oversight, it’s activities and responsibilities can be changed by statute, and the members of its Board of Governors are appointed by the President and confirmed by the Senate. This system was designed purposefully to keep the Fed independent of any one administration, yet still accountable to the government for its policies.

It is an entity like no other, it's an abstract form. I doubt the skeleton of "institution" has interests different than those of the private international bankers, why would they? With trillions to be tossed around like salad, padding the pockets of Greenscam et al is a simple matter.

http://www.freedomdomain.com/bankquot.html

 

[Mycroft]

Originally posted by jake
The "Federal" Reserve System consists of a consortium of international bankers, some of the richest men in the world. Why is it a "mistake" to believe they are making a fortune on the 7 trillion dollar debt?

Because they turn over all their profits to the treasury. I already said that.

Originally posted by jake
Our national debt and private debts are mathematically impossible to repay. The "Fed" has never been audited.

I find the national debt worrisome too, but Congress in charge of that, not the Fed.

Originally posted by jake
I wouldn't mind, for example charging 5% interest on all the money issued out of thin air in the US and giving 4% back to the government. I would be content to keep 1% of all the money issued in the US. Hmmmm... let's see..1% of 7 trillion...

And if after paying the rent and utilities on the office space, you had to turn everything back to the treasury, would you be content then? You can put as many zeros after the dollar sign as you want, if you have to give it all back at the end of the day, it’s still not very profitable.

 

[jake]

Because they turn over all their profits to the treasury. I already said that.

I doubt that anyone, espescially bankers, are in business to turn over all their profits to the treasury.

I find the national debt worrisome too, but Congress in charge of that, not the Fed.

Sometimes I wonder if the Congresscattle are even in charge of their pencil-sharpeners.

And if after paying the rent and utilities on the office space, you had to turn everything back to the treasury, would you be content then? You can put as many zeros after the dollar sign as you want, if you have to give it all back at the end of the day, it’s still not very profitable.

If that's the way it worked, it would not be profitable at all, as a matter of fact they would be operating at a loss. But that does not explain why some of the richest men in the world are in the federal reserve banking business, or why we did not continue having the treasury issue money instead of the middlemen after JFK was killed. With that many zeros to work with, I think it merits getting ones nose a little closer to see if there are any funny smells.

 

[Mycroft]

Originally posted by jake
I doubt that anyone, espescially bankers, are in business to turn over all their profits to the treasury.

In private business, no. We are not talking about private business, we are talking about the Federal Reserve.

Originally posted by jake
Sometimes I wonder if the Congresscattle are even in charge of their pencil-sharpeners.

You seem to know just as much about Congress as you do about the Federal Reserve.

Originally posted by jake
If that's the way it worked, it would not be profitable at all, as a matter of fact they would be operating at a loss.

That’s the point, the Federal Reserve is not there to make a profit, it’s there to regulate the money supply. No, it doesn’t operate at a loss, it turns over its profits to the Treasury.

Originally posted by jake
But that does not explain why some of the richest men in the world are in the federal reserve banking business, or why we did not continue having the treasury issue money instead of the middlemen after JFK was killed. With that many zeros to work with, I think it merits getting ones nose a little closer to see if there are any funny smells.

Certainly there are very some very wealthy people in banking, but you’re confusing member banks with the Federal Reserve. If you own a bank, you’re probably wealthy, but that wealth is not increased simply by making your bank a member of the Fed.

The Federal Reserve was created back in 1913, long before JFK was killed. What does that have to do with anything?

Certainly if you want to learn more about the Fed, go ahead, but try to learn something real, not invent wild conspiracy theories.

 

[evildave]

Blind people.

It's a real pain in the butt for blind people to determine denominations of bills. Coins can be distinguished by feel. Scanners for bills have to use heuristics which change every time they decide to use a different portrait.

Put on a barcode, and a $100 Symbol laser would make this problem go away forever.

A barcode printed on a bill would not help the blind one teensy bit.

Differently sized and colored bills for the blind and people with bad eyesight.

A barcode reader would not have to be changed one bit if it simply isolated the COLOR of the serial number properly. As long as the SN is in the same place, it can be scanned the same.

Besides, redesigning the bills doesn't do anything positive for all the other currency OCR systems, like bill changers, that break whenever they change the design. However, those that sell the OCR machines make a tidy profit whenever they need to sell a million new 'upgrades' to their units.

 

[Solitaire]

RFID Tags in New US Notes Explode When You Try to Microwave Them