Money can be defined as an easily transportable, durable, divisible, recognizable and universally acceptable medium of exchange in which you can store your economic energies until you’re ready to deploy it.
With that in mind, here are some really interesting facts about money that most people probably don’t even know.
- Changing the US $1 bill to a $1 coin would save taxpayers 4.4 BILLION over 30 years
- It costs the U.S. Mint almost twice as much to produce each penny and nickel than the coins are actually worth. In fact, in one year, taxpayers lost over $100 million dollars just by producing these coins.
- Drug Lord Pablo Escobar who is said to have a return on investment of over 20,000%, had such a staggering supply of cash that his book keepers wrote off 10% of it annually because rats would eat it in storage, or it would be damaged or lost
- If you have $10 in your pocket but have no debt, you are wealthier than 25% of Americans
- You know that blood you donate? Its sold in the open market. Turns out it’s a 4.5 billion dollar a year industry.
- The Apple corporation earns about 300,000 per minute while McDonald’s rakes in about 75 Million dollars a day. Maybe that’s where they get their signature slogan “I’m lovin’ it”
- Back in 2005 Americans spent over 15 Billion on jeans and spent 61.4 BILLION on their pets-
- Gambling generates more revenue than, Movies, Music sales, spectator sports, theme parks, and cruise ships combined!
- Assuming he didn’t make any more money from this day forward, if Bill Gates spent 1 MILLION dollars a day, it would take him 218 years to spend his fortune.
- Paper currency can successfully transport a live flu virus for over 2 weeks
- In the 1920s, Hyperinflation got so bad in the wymar republic in Germany that it became more cost effective to burn currency for fuel than to use it to buy wood. Children played with it, streets were littered with it and others used it as wall paper.
12. The metallic odor of coins is actually skin oils decomposing after touching the metal of the coin13. Though most believe Federal reserve banks are governmental organizations, they are not. Instead they are privately held banking monopolies whose monetary policies don’t need the approval of a President or anyone else in the executive or legislative branches of Government. Matter of fact, the Federal Reserve is no more federal than the folks over there at federal express.14. There are 182 official currencies world wide15. The largest US currency note ever printed was the 100,000 bill in 1934. The bill bears the image of Woodrow Wilson.16. American dollars are sometimes referred to as “bucks”? The term “buck” comes from a time when deer and elk bucks were traded for goods and services before paper money. Its nice to know that today you don’t have to pull a deer carcass out of your back pack while you’re in line at the grocery store, just to pay for a loaf of bread and some skittles.
17. As long as you have 51% of a bank note, the Office of Currency Standards will replace it with a new one.
18. If you had one Trillion dollars and you spent 1 dollar every second you’d be spending 86,400/ day or 31.5 million per year. It would take you over 31 THOUSAND years to spend that Trillion dollars. Wrap your brain around that fact.
19. In the 1930s and 40s an elderly man named Edward Mueller, who produced very poor quality counterfeited 1 dollar bills, bearing the name WAHSINGTON, managed to elude the secret service for 10 years before being arrested. They eventually made a comedy film about him and he made more money on the royalties from the film than he had in his entire counterfeiting career.
20. The largest counterfeiter of US currency is North Korea
21. 5% of lottery ticket buyers buy 51% of all tickets sold
22. The coinage act of 1792 established the US mint and made coin defacement and counterfeiting punishable by death. Does this mean that anyone who consented to the birth of the federal reserve, which is a private banking organization that counterfeits our nation’s currency, is guilty of breaking that law and by that law should be put to death.
23. More than 2 MILLION Americans live on less than $2 a day
24. Under U.S.C Title 18; its against the law to write on, or in any way deface U.S. Currency. Hmmm guess no one told these people…or they just don’t care. Besides, technically, a federal reserve note is not U.S. Currency its private banker paper.
25. All paper currency is made from a custom blend of 25% cotton and 75% linen. Its closer to cloth than paper. And its illegal for anyone outside the Bureau of Engraving and Printing to use this blend.
26. All 50 States are listed across the top of the Lincoln memorial on the back of a $5 bill.
27. 90% of all US currency carries traces of cocaine and 94% carries pathogens and other contaminants like fecal matter. Anybody got a wet wipe?
28. To deal with hyperinflation that reached the ridiculous level of 231% and saw the price of bread rise to 300 billion Zimbabwean dollars, the Zimbabwe government began issuing 100 TRILLION dollar notes, the highest denominated bank note in the world.
29. 8% of the world’s currency is physical paper. The rest is only numbers printed on a screen.
30. in 1910, the Federal Reserve System was hammered out in secret by a group of private bankers and their powerful representatives in order to take over the entire monetary system of the United States. The meeting was conducted at a private resort owned by the dominating financier of the day, J.P. Morgan at a place called Jekyl Island Georgia.