What US currency president would you change?

[Grays Harbor]

a couple ideas for the $20, to get rid of Andy Jackson , these were issued prior to the 1929 bill size reduction.

$20 Gold Certificate with Geo. Washington


$20 Federal Reserve Note with Grover Cleveland

[Consaria]

I would change the $100,000 to an idiot. Because you have to be one to carry around $100,000 in your pocket

[Grays Harbor]

There isn't a $200 note, and if that was to be introduced I would suggest Martin Luther King. In my opinion banknotes don't always have to have presidents.

They aren't always presidents. Several notes have been issued that have others on them, many of which have already been talked about here, with examples such as the Chief Running Antelope $5 from 1899, and the current $10 with Alexander Hamilton and the $100 with Benjamin Franklin.

Sometimes reading the entire topic before responding is a good thing.

Yes, I was also thinking about the founders being on the notes but the banknote series seems to forget about modern-day everyday heroes like Luther-King.

It hasn't always been "founding fathers" or Presidents on banknotes issued by the US.
Who's Who of US Currency

My own preference for the first African-American on a banknote would be Booker T. Washington as he made so many contributions to science and education.

[Grays Harbor]

I would change the $100,000 to an idiot. Because you have to be one to carry around $100,000 in your pocket

The $100,000 was never released for circulation. It was used only for money transfers between banks back in the 1930's before there was electronic transfers and such.

The largest denomination note ever issued in the US was this $1,000,000 note issued by the Bank of the United States in the 1840's

[Charlotte Ryberg]

There isn't a $200 note, and if that was to be introduced I would suggest Martin Luther King. In my opinion banknotes don't always have to have presidents.

They aren't always presidents. Several notes have been issued that have others on them, many of which have already been talked about here, with examples such as the Chief Running Antelope $5 from 1899, and the current $10 with Alexander Hamilton and the $100 with Benjamin Franklin.

Sometimes reading the entire topic before responding is a good thing.

Yes, I was also thinking about the founders being on the notes but the banknote series seems to forget about modern-day everyday heroes like Luther-King.

It hasn't always been "founding fathers" or Presidents on banknotes issued by the US.
Who's Who of US Currency

My own preference for the first African-American on a banknote would be Booker T. Washington as he made so many contributions to science and education.

Yes, the banknotes of the US have yet to have an African-American hero on their notes: I would love to have one of those in my banknote collection.

[Drachmar]

Pictures on the money is stupid and infantile.

Each note should be unique. And no "money transfer" should be legal without reference to (ie verifiable possession of) a unique note or notes.

The anonymity of money is precisely what is evil about money. And it's not hard to fix.

It would put a spoke in the wheel of bankers, too. They have the power to mint currency (to create bargainable assets at no cost -- ie, mint currency) and they would not have that power if 'money' was strictly defined as unique treasury notes.

For nearly the first 100 years of the history of the U.S. this was done, and it was an absolute failure. Counterfeiting was rampant, and there was no guarantee that your notes were transferable from one bank to another. If one bank failed, another was not obligated to back your note. It's was a horrible system, and the reason the U.S. went to a standardized paper/coin system of notes.

I fail to see how counterfeiting is even possible if each note has a complete "paper trail" -- a searchable record of who legally owns each note. That might not have been possible a hundred years ago but it is now. Even in so far as paper money is even necessary (electronic transactions are already fully auditable) it can be made machine-readable by simply printing a bar-code on existing notes.

The next generation of notes should have microchips in them, so that the redemption value of a note can be cancelled at the Treasury's discretion. That puts a much higher onus on users of the money not to accept the proceeds of crime, which ultimately makes crime for profit less feasible. Yes, you can sell an illegal good for Ho-bucks, redeemable only with your local gang ... but that's a lot less attractive than legal cash which can be spent anywhere on earth. The exchange rate (or laundering cost) would be a strong deterrent to the black market, since it would settle at the level which law enforcement permits unauthorized transfer of money.

The benefits for tax compliance and detection of crime and corruption are alone enough to make such a scheme revenue-positive.

There are more serious objections, surely? Isn't what I'm suggesting exactly like the "gold standard" but without the gold to back it?

At the very least, object on the grounds of the vast restructuring necessary to back all existing debts with assets. Borrowing to invest puts the economy in an aggressive stance which is actually dependent on economic growth, and puts at a disadvantage any trader who tries to operate without debt. At some point of growing debt and growing ownership of debt (private corporate and governmental) someone isn't going to get their money back. We can't all be borrowers!

But let's just wait 'til it breaks, shall we? Because the alternative is like coming off drugs, a long hard grind which is experienced as a recession because profits are going to where they should always have stayed, in capital investments. The long period of consolidation means no new spending, no new sectors growing of the economy without reduction of some other. No, it's much easier to just stay artificially pumped on debt until something breaks ....

What about economic growth, you ask? Isn't growth good? Simple. Economic growth equals the rate of printing new money (unique bills or even just the identifying number of a virtual 'buck' being authorized to a spender -- who would of course be the government.) When the economy grows, government gets more spending money, when it shrinks government has to sell assets to cover the cost of the money they ... wait for it ... burn.

On economics I'm just a hare-brain. I'm sure you can raise more substantial objections to what I suggest, so hit me.

Hey, that's a nice long rant. Would have been nice if you expanded on your points in your first post. Had you said that each note was "uniquely identifiable," I wouldn't have commented the way I did. Saying "it's stupid or infantile" is really saying nothing that constructive at all.

Overall, and the only comment I have to say about it is, it's too much capital investment when paper money is practically a thing of the past. Not even worth the effort. However, I absolutely agree that the U.S. should go back to the gold standard.

[Maerngau]

I'd like to see someone other than a dead white guy. Rosa Parks, for one.

For presidents, FDR would be my first choice to replace Jackass.

[Maerngau]

I still think that Jackson should have been shot for this.

He did get shot.
http://www.history.com/this-day-in-history.do?action=Article&id=544

Some people have asked, If you could go back in time and kill Hitler before he came to power, would you do it? Noone ever asked that question about Andrew Jackson, because he'd only survive and become an even crazier lunatic.

He's probably still alive somewhere. Waiting...

Mind you he was the only president who ever managed to stand up to the financial services lobby, so he probably deserves to be on the money somewhere.

Did he turn up in Russia to help the Czar's son?

[Tsa-la-gi Nation]

Jackson is overrated as a "strong" president.

He was a rqacist bigot who did much to harm the nation.

Put Jefferson on the 20 instead; he actually made a positive contribution.

I'm an advocate for the reversal of the decline of Native Ameican culture & the correct teachings of American history to include the wrongful treatment & geneocide brought on us by the US Government. (even if its a lost cause)
With that being said, I take issue with most of the founding fathers. However, I do realise it's unrealistic to ask that all the people on the bills that have indian blood on their hands to be discredited as heros of the country. Indian removal & manipulation for the advancement for US goals were only a part of their agenda. These men did do great things.
Although I'm not a fan of Jefferson, I agree it would be proper to have him on the $20 bill, or any bill which is used widely today. To take Jackson off currency would be a gesture of respect to Native America. If this was done, I think a limited print of a new $2 bill would be in order. My 1st choice would be Tescumseh, an American hero, but obviously, I'm pro-indian. I think another great choice would be Frederick Douglas. His deeply moving words for equality still open the eyes of Americans today. A distant 3rd choice would be Eugene Debs. In my opinion, another American hero. He bravely proved that the 1st amendment does not apply to those with a viewpoint that is against US policy. His years in prison for giving a public speech against WWI painfully (& shamefully) showed that the US in not a tolerent nation.

[Martaz]

i think Ronald Reagan,the best US president so far, need a currency

[Tsa-la-gi Nation]

i think Ronald Reagan,the best US president so far, need a currency

Although I'm not a Reagan fan, I agree this might come to pass. He already has an airport & many other things named after him. I do think it will have to wait untill a new age of conservatism comes to pass.

[Grays Harbor]

I am still of the opinion that Teddy Roosevelt should be on either a banknote or coin because of his accomplishments while president.

[Cosmera]

of course, we could always dig a little deeper for older designs, like the pre-civil war days when it was banks that issued the currency, not the government. Quite a diversity of design. A few what we would consider odd denominations as well.

What are you trying to do GH? Confuse the heck out of the bank tellers?

[Cosmera]

Just to make everyone happy. Put Obama on every coin and banknote.

[Tunizcha]

Just to make everyone happy. Put Obama on every coin and banknote.

Ahem..
From page 2:

Change the US to Obamia and replace his face on all the currency, just a different angle for each one.