Will collect more money from the United States than will the people who supply the material and do the work. People who will not turn a shovelful of dirt nor contribute a pound of material The people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money Now, that is what Henry Ford wants to prevent. That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national Well, that is what Thomas Edison thought too. So why are we using debt-based Federal Reserve Notes today instead of debt-free United States Notes? Over the next century, the legislation governing these notes was modified many times and numerous versions have been issued by the Treasury. Treasury to pay expenses incurred by the Union during the AmericanĬivil War. They were originally issued directly into circulation by the U.S. Treasury and they were first used during the Civil War… Seal on the front, and it says 'United States Note' rather than 'Federal Reserve Note'.Īccording to Wikipedia, United States Notes were issued directly into circulation by the Notice that there is a red seal instead of a green Posted below are pictures of the front and the back of a United States Note printed in 1963 while JFK was president… Constitution to issue debt-free money, and we need to educate the American people about this. government still has the power under the U.S. This debt-based monetary system is systematically destroying the wealth of this nation. Reserve Notes are created more debt is also created. Normally, the way our current system works is that whenever more Federal Now and pull a dollar out of your wallet, what does it say right at the top? It says 'Federal Reserve Note'. Unfortunately, United States Notes are not being issued today. In fact, each bill said 'United States Note' right at the top. Under JFK (at at various other times), a limited number of debt-free United States Notes were issued by the U.S. Back in the days of JFK, Federal Reserve Notes were not The truth is that the United States is a sovereign nation and it does not need to borrow money from anyone.

America once thrived under a debt-free monetary system,Īnd we can do it again. government once issued debt-free money directly into circulation.

DecemMost Americans have no idea that the U.S. Government Still Has The Power To Issue Debt-Free Money Please click to contact one of our currency experts.Debt-Free United States Notes Were Once Issued Under JFK And The U.S. Federal Reserve Bank Notes were phased out by the mid-1930s. Depending on the condition and the bank issuing them, some Federal Reserve Bank Notes can be quite valuable. Federal Reserve Bank Notes are issued, backed, and redeemable by each individual Federal Reserve Bank. Created when the National Bank Note system was being phased out, Federal Reserve Bank Notes are often confused with Federal Reserve Notes. These notes are part of the Federal Reserve System, created in 1913, and therefore there are no individual banks names on the notes, like the National Bank Notes. Now, Federal Reserve Notes are backed only by the government’s declaration that it is legal tender in the United States. Treasury, but in 1971, President Nixon took the country off the gold standard. More security features were added in the redesign of the 2004 Series.įederal Reserve Notes used to be backed by gold in the U.S. The design was largely unchanged until the 1990s. stopped printing denominations over $100 and in 1969 $500 bills were taken out of circulation.

Treasury Seal and standard dimension of today. Though technically it was the 1928 Series, in 1929 the notes changed (as did all U.S. The early Federal Reserve Notes were large and bore red and blue seals. The words “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE” appears on each note. Also known as banknotes, Federal Reserve Notes are the only currency currently issued by the U.S.

Federal bank note