There are, according to the government, about 150,000 counterfeit hundred dollar bills in circulation, in spite of the vigorous, different methods to void and get rid of them, such as the blue line on hundred dollar bills, plus others not known to us. This is the reason, many times a store will run the hundred dollar bill through a machine which can detect a fake.
3.64 million hundred dollar bills are printed each day, and even the government says that a 1920 dollar today, will take a $20 bill to equal the 1920 dollar bill’s purchasing power, it doesn’t seem to bother anyone, for some strange reason. This is an official notice of their dollars’ debasement.
Counterfeiting isn’t new, or the Treasury wouldn’t do everything in its power to stop it. There are probably more fake $20 bills in circulation than hundred dollar bills, since they rarely have to be sent trough a counterfeit detection machine. The dollar bill has become so worthless, that they have become a laughing stock.
All it requires is a little forbearance, if you’re worried about the U.S. dollar losing its purchasing power, since it has already lost over 95% of it since 1920. It has lost over 95% of its purchasing power, just sitting in your wallet, or in a savings account. There is nothing you can do about it, other than getting out of them and substituting dollars as a measuring device. Any measuring device is better than U.S. dollars, assuming they can be converted into dollars to purchase something such as food, electricity. gasoline, repairs for anything, square feet in a building, or acres of land maybe.
From a book titled “George Washington’s Secret Six,” by Brian Kilmeade, on pages 122 and 123, it says: “The British were highly skilled counterfeiters, and one of their favorite ways to attack the Americans was by depreciating colonial currency. Recognizing the vulnerability of the American currency, it was fairly easy to inculcate the fake with the real, since they looked almost identical to each other. The continental congress had made some efforts to combat the counterfeiting but it saw limited success. Eventually, they developed a special paper of a very precise quality and thickness that would be used to produce the bulk of the money minted In Philadelphia, and it was hoped, would be extremely difficult to replicate. Several reams of the paper made for the last emissions struck by Congress had been procured from Philadelphia by the counterfeiters. The one safeguard upon which the Americans were counting to protect their currency, had been breached. On a grander scale, having a wildly inflated currency made it nearly impossible for American diplomats overseas to secure credit with foreign banks.” Thanks to the French who hated the Brits, we won, but imagine the outrage of King George, who was defeated by his enemy, in this massive loss of this huge nation!
That was 250 years ago, and today, we have trillions of U.S. currencies in circulation, and hundreds of thousands of fake ones. The presses can run on into worthlessness, and they virtually have already. It took only 3 ½ years for the greenbacks and confederates to become worthless, and 3 ½ years during WW II for the buck to lose 50% of its buying power.
How about stocks? There are 4 billion shares of Ford stock, 3.23 billion shares of General Motors, 3.23 billion of Tesla, and 1.3 billion of Toyota. Does anyone have a physical share of stock? Nope. It’s all computer entries just like bit coin. There are 13 trillion dollars in mortgage debt, and 1.28 trillion in credit card debt, plus a trillion or so owed here and there.
Suppose a massive electrical failure occurred, or any of a hundred possibilities of computer entries failing, mysteriously disappearing, or endless electronic. physical, weather, war, political or other happenstance occur? Ever curse your computer? Why couldn’t a local failure spread world-wide? World-wide catastrophe? If you have stocks, dollars, or any computer entry or paper ‘savings,’ denominated in dollars, where would you be? It scares me, and it scares me so much, that my net worth is in my home, physical items, vehicles, and gold and silver. I have never owned a share of stock or had a savings account, and am debt free. I don’t want anything bad to happen here or anywhere else, but a quick look at history will amply prove that disaster can happen any time, be it a tornado, financial collapse, or war. You decide!