why is the Federal reserve NOTE Dollar on course paper with undryable ink?
117563
To make it difficult to duplicate.
1176028
There are many types of forgery, most of which aren't tracked down by feds.\n\nIf you mean currency counterfeiting, then it's the Secret Service.
873488
Article I of the US Constitution gives Congress the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."\n\nThey oversee the treasury and decide how much money to print with the assistance of the US Treasury Department.  This is done based upon economic forecasts, the value of the dollar verses other currencies and the need for the money.  They may want to print more money to create inflation (which lowers unemployment) or limit the money to create savings.\n\nThey also print money to compensate for the money that is being constantly taken out of circulation (you trade in a ripped dollar at a bank and they destroy it and print a new one to replace it).\n\nThe Federal Bank handle fiscal policy (such as interest rates and borrowing guidelines), not monetary policy (how much to actually spend).
1036667
Because money printed has to be backed by something else of value, like gold. Otherwise the money is worthless. It's the same reason that the U.S. mint doesn't print enough money to simply give everyone one billion dollars. They wouldn't be backed by anything and a jug of milk would cost a billion dollars.
534416
TEN DOLLAR BILL:\n\n"REDESIGNED $10 NOTE STARTS CIRCULATING TODAY\nU.S. Treasury, Federal Reserve Board and U.S. Secret Service Officials Spend First New $10 at the National Archives\n\nWashington - March 2, 2006 - The redesigned $10 note entered circulation today at the National Archives, home of the U.S. Constitution, which figures prominently in the new note’s design.\n\nOn its first day in circulation, officials from the U.S. Treasury, Federal Reserve Board and U.S. Secret Service used a new $10 note to purchase a pocket-sized copy of the U.S. Constitution at the National Archives Shop. The phrase "We the People" from the U.S. Constitution is featured on the face of the new $10 note. Images of the Statue of Liberty’s torch are also incorporated into the new design.\n\nToday is the redesigned $10 note’s day of issue, the day the Federal Reserve System begins delivering the new notes to commercial banks for distribution to businesses and the public worldwide. The notes will begin circulating immediately in the United States and will then be introduced in other countries in the days and weeks ahead, as international banks place orders for $10 notes from the Federal Reserve.\n\n"Staying ahead of would-be counterfeiters is a top priority of the U.S. government, and in order to do that, our currency will need to be redesigned every seven to 10 years," said United States Treasurer Anna Cabral. "Through the introduction of new designs with state-of-the-art security features, we will continue to safeguard the integrity of U.S. currency and help protect businesses and consumers."\n\nThe new $10 note incorporates easy-to-use security features for people to check their money and subtle background colors in shades of orange, yellow and red. \n\nWhile consumers should not use color to check the authenticity of their currency, color does add complexity to the note, making counterfeiting more difficult. Different colors are being used for different denominations, which will help everyone – particularly those who are visually impaired – to tell denominations apart. \n\n"In addition to recognizing the design elements and enhanced security features of the new $10 note, it is important for the public to know they will not need to trade in old notes for new ones," said Michael Lambert, Assistant Director of Federal Reserve Bank Operations and Payment Systems. "Older-design notes will maintain their full face value." \n\nSince unveiling the new $10 note design last September, the U.S. government has distributed more than 10 million pieces of educational material with information about the new $10 note to prepare businesses, stakeholder organizations and consumers worldwide for the new note’s issue. \n\n"Each time we issue a redesigned denomination, our goal is to ensure its smooth transition into daily commerce both domestically and abroad," said Bureau of Engraving and Printing Director Larry Felix. "Over the past six months, we have worked with manufacturers of ATMs and other machines that receive and dispense cash, as well as retailers, small businesses and international governments, so that they may prepare for today’s day of issue of the redesigned $10 note." \n\n"As the permanent home of the U.S. Constitution, the National Archives is pleased that the U.S. Treasury has featured the Constitution in the new $10 bill," said Archivist of the United States Allen Weinstein.\n\nThe new $10 note – like the redesigned $20 and $50 that preceded it – incorporates stateof- the-art security features to combat counterfeiting, including three that are easy to use by cash handlers and consumers alike: \n\nColor-shifting ink: Tilt your ten to check that the numeral "10" in the lower righthand corner on the face of the note changes color from copper to green. \nWatermark: Hold the note up to the light to see if a faint image of Treasury Secretar
223336
Money is only as good as the willingness of others to accept it as a medium of exchange.  So some countries could print money and it wouldn't buy anything.  That was the case of the United States when it was founded.  There were so much US Currency outstanding that it was said to be "Not worth a Continental".  Alexander Hamilton did a lot of reading and concluded that a central bank could borrow money, issue bonds backed by the full faith and credit of the fledgling nation (backed by the way by the power of taxation), and then issue currency in reasonable amounts against that.  He organized the first central bank in the United States, which, in time, evolved to the Federal Reserve.  As a result our currency has, for a long time, been one of the world's standard currency, so-called "sound as a dollar".  \n\nNow, with the United States spending more than it produces, we generate multi-billion dollar balance of payments deficits, especially with China.  Invevitably the value of the Chinese currency will increase and the value of the dollar will decrease.  The increased demand for Chinese goods and services will result in more dollars chasing that demand and therefore, the relative price of those goods and services will increase by the value of the dollar decreasing.\n\nSo, yes, countries can print money, but it is worthless unless other countries will accept it.  And it is not very worthwhile inside the country unless people accept it as a medium of exchange.  So they borrow hard currency like dollars or euros from the World Bank to finance their development and infrastructure.
1174782
With any old currency - the Blackbook Guide to US paper money is a good guide.  You should actually list the bank,the signatures, the color of the seal and the condition on old currency - you need that information for accurate identification.\n\nSince you listed 1950 Fed Reserve Note, I am assuming your signatures are Clark-Snyder, and there is a green seal on the bill.  My Blackbook tells me IF the condition is at least Very Fine the bill could be worth $30 (2002 edition).\n\nTypically, you will actually sell a bill for a bit less.
138237
The "series" date on paper currency appears on the face of the note at the bottom right of the portrait. The series date without a suffix letter indicates (a) the year production started after approval of the original design, (b) when there was a major revision to the currency note design, or (c) when the manner of printing changed. A minor revision in the design or a change in the signature of the Treasurer is indicated by an addition of a suffix letter to the series year. The series date does not change each calendar year as it does on coins. The year in which the currency is actually printed is not indicated on the note.
733079
There should be a security strip....if you hold it up to the light you can see that it says 100   ( or whatever denomination you are checking)  There should also be a watermark....it should be a smaller version of the protrait of the president (franklin for the 100 although he wasn't a president)  that can also only be seen if you hold it up to the light....the watermark will not distort so if you find one with a funky watermark it's a fake....look at the lines that are close together and the small lettering....those are very hard to replicate without blurring or distorting....detail is the key.....one of the numbers in the corners (don't remember which one)should feel raised and change colors as you look at it at different angles.....there should be red and blue fibers visible....that's because money is not printed on paper but some form of cloth paper....You can try to carefully tear the bill....a real one will stretch a tiny bit where as a fake one on regular paper will rip...you can also feel the difference in paper.....You can try and buy one of those pens that banks use that change colors....you can try looking at it under a black light...a fake will light up like a flashlight....or you can wash it in the washing machine....regular paper will fade and fall apart in the first washing where as you would need to repeatedly wash real money until the appearance really changes..
265591
Not many bills make it out into circulation.  They are scanned by both machine and eye several times.\nValue of the 2 dollar bill is 2 dollars.  There isn't a big market of collectors for misprinted bills.
367202
First the Fed doesn't print money.  That's done by the Treasurey.  And what the hell is the "golf" standard?\nAnyway.  There a three ways the Fed can control the money supply: \n1)Open Market Operations\n2)Discount Window(rate)\n3)Legal Reserve Requirement
109700
This is definitely an urban legend.\nIn fact, Canada does not currently have bank notes for either one or two dollar denominations.
73553
The value of money is relative. If the government started printing excess money, it would drive down the value of our money relative to the value of goods and relative to the value of other currencies around the world.\n\nNot only would we fail to reduce our debt, but we would destabilize our economy.
106430
At "HOUSE JOINT RESOLUTION 192? June 5, 1933 the Gold and Silver Standard of america was desolved into the federal reserve and the international monetary fund, and made it illegal to pay a debt because the federal reserve uses "notes" and a "note" is a debt, its neither taxable, wages or income... its only a negotiable bill of credit that is totally non redemable         Article 1 Section 10 of the Constitution FOR the united States of America said that: CONGRESS SHALL COIN THE MONEY AND REGULATE THE VALUE THEREOF, it has never been repealled , it has affected my life by showing me the true FRAUD it truely is
336186
None really. In theory there is some gold in Fort Knox and every time money is printed it's secured by the gold. In truth, the treasury can do whatever they want. They have a theoretical endless amount of money. Of course, if they print/use too much money - they'll cause inflation that that in turn will lower the purchasing power of that money so the government should be cautious about that.
874713
I don't understand why this is a big deal. Most other countries already do something along this line, and it's a simple fix. Canada has a pattern of raised dots in the upper right corner of their banknotes. Mexico is presently issuing banknotes with raised marks in the upper right hand corner. On Japanese banknotes, the raised dots are in the watermark area.\n\nThis is a case where the US trails behind the rest of the world. These markings are also a good anti-counterfieting measure (along with the iridescent bands used on the Canadian, Mexican, and Euro banknotes) and holograms (Used on Canadian and Euro notes). This is a case of the US being kind of stupid, since they don't want to spend money to make the US dollar harder to fake.\n\nComments?
974744
It is not against the law to photocopy money.  Unless you plan on trying to use it, that is as you know, counterfeiting.\n\nMy suggestion is that if you are going to photocopy the fronts and backs do it on separate sheets of paper or do it on black and white so there can be no "misunderstanding".\n\nThe treasury dept has rules about color copying, http://www.moneyfactory.gov/newmoney/main.cfm/currency/regulations.