The US treasury Department announced last week that America’s currency will soon be redesigned. The department did not reveal the full extend of their plans, offering only a smaller teaser about the new look to come. According to a treasury spokesperson the most significant change to be made to the 20$ bill, removing Andrew Jackson from of the bill entirely in favor of an image of a woman.
So, who will be the first woman to appear on the face of an American federal reserve note? Well, the treasury department is keeping it something of a mystery for now, but the most likely candidate is Susan B. Anthony – one of the most prominent leaders influencing the woman’s suffrage movements of the late 19th century. According to federal sources, the key factor behind choosing a successful candidate to replace Jackson was finding a “female representing the struggle for racial equality.” Leading several others to speculate that Harriet Tubman is another leading candidate. In fact, Tubman recently won a nationwide poll as the most popular choice to appear as the new face of the 20$ bill.
Other changes to our currency will include the 1$, 5$, 10$ bills, each of which set to receive small makeovers. While Washington, Lincoln and Hamilton’s faces will remain on the front of the bills, the backsides of each will be “used to tell exciting stories about our nations history.” For example on Lincolns 5$ bill, the back side will we be used to display several prominent events which have taken place at the Lincoln memorial throughout its history. Though the department is expected to make an official announcement sometime this week, the new bills will not be made available for circulation until 2030.
It is interesting to note that the FED and Treasury have elected to save Alexander Hamilton and remove Andrew Jackson. Why is that interesting you ask? Alexander Hamilton was our nations first Secretary of Treasury, he was adamant about creating a central bank to control the nations finances. President Thomas Jefferson was completely opposed to this and believe it or not Aaron Burr, our nations sitting Vice President at the time, shot and killed Hamilton in the course of the political dispute over the matter. Can you imagine Joe Biden shooting and killing a political rival today? This is how the United States government used to operate under our same constitution! Oh how the times have changed….
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson –
Andrew Jackson existed on the complete opposite side of the spectrum from Hamilton. He presided as President under our nations second central bank and consequentially ended the central banking system in America – putting the country back on the gold standard. In fact, when asked what was the proudest accomplishment of his life, Jackson responded “I killed the banks.” True Story.
So it is fascinating, at least to me, that the FED and Treasury are protecting Alexander Hamilton, the first man to call for the creation of a central bank in this country whilst simultaneously ousting Jackson, the first man to destroy the central bank.
Sources: Time Magazine, CNN Money, Breitbart
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