John Markis and John Maragoudakis announced the latest ad that will appear in the “Fun Show” issue of the Banknote Reporter and it was officially issued today. This ad spotlights three very rare Gold Banknotes that are available for sale from the latest Trusted Traditions acquisitions. If you have any interest in acquiring these rare pieces of history contact John Markis at 954-938-9700

The Dollar Bill
By Roger Sorensen

The dollar bill in use today was designed in 1957. This “paper money” is made from a blend of cotton and linen. Look closely and you’ll see that it also contains red and blue fibers made of silk as an anti-counterfeit measure.

The Seal of the United States Treasury is on the front. The top features scales representing justice and the center shows a chevron with 13 stars representing the 13 colonies. The key acts as a symbol of authority.

The Great Seal of the United States is shown with both the obverse and the reverse on the back of the dollar bill. The back of the seal sits on the left side and contains a Pyramid. The front of the pyramid is lit but the western side is dark, which some have suggested demonstrates that we had not yet begun to explore the West.

The Pyramid is uncapped, again possibly signifying that we were not yet finished with our task of exploring the continenant. Charles Thompson, Secretary of Congress in 1782, told Congress that the pyramid represented “Strength and Duration.”

An eye sits inside the capstone, as an ancient symbol for divinity and long used by Masons. Franklin was a Mason, but Adams and Jefferson weren’t. Above that is the Latin phrase ANNUIT COEPTIS, which means, “God has favored our undertaking.” Below is the phrase NOVUS ORDO SECLORUM, which means “a new order for the ages.” At the base of the pyramid is the year 1776 in Roman numerals.

The obverse (front) of the Seal can be found at national cemeteries. It also serves as the basis for Seal of the President of the United States. Over Franklin’s objections (he wanted the turkey), the Bald Eagle was chosen as our nation’s symbol for victory. The eagle fears no storm, being strong and smart enough to soar above it, and he has no crown – important symbolism considering we had just won our war against King George.

The shield on the eagle’s chest represents Congress consisting of red and white stripes with a blue bar above. The colors are from the American flag; the red represents hardiness and valor, the white represents purity and innocence, and the blue, vigilance, perseverance, and justice. The eagle’s beak holds a ribbon proclaiming E PLURIBUS UNUM, meaning “one nation from many people.”

The Eagle’s talons holds an olive branch, long considered a peace offering, and arrows, an instrument of war. This illustrates our sentiment: we want peace but we are prepared to fight for it. Originally, the Eagle’s beak was turned towards the arrows, but President Truman ordered it turned toward the olive branch.

There were 13 original colonies in America. Thus thirteen stripes on our flag – and also 13 steps on the Pyramid, 13 letters in the Latin above it, 13 letters in “E Pluribus Unum,” 13 stars above the Eagle, 13 plumes of feathers on each span of the Eagle’s wing, 13 bars on its shield, 13 leaves on the olive branch, 13 fruits, and 13 arrows.

Placed prominently in the center of the dollar bill, are the words IN GOD WE TRUST. Not in Latin, the language of our forebears, but in English, the language of America and its future.

Roger Sorensen

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“It is a cruel thought, that, when we feel ourselves standing on the firmest ground in every respect, the cursed arts of our secret enemies, combining with other causes, should effect, by depreciating our money, what the open arms of a powerful enemy could not.” –Thomas Jefferson to Richard Henry Lee, 1779. ME 4:298, Papers 2:298

“Historically, the United States has been a hard money country. Only [since 1913] has the United States operated on a fiat money system. During this period, paper money has depreciated over 87%. During the preceding 140 year period, the hard currency of the United States had actually maintained its value. Wholesale prices in 1913 … were the same as in 1787.” — Kenneth Gerbino, former chairman of the American Economic Council
“We make money the old fashioned way. We print it.” — Art Rolnick, former Chief Economist, Minneapolis Federal Reserve Bank

“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” — George Washington, in a letter to J. Bowen, Rhode Island, Jan. 9, 1787
“Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” — Daniel Webster”
“I see in the near future a crisis approaching. It unnerves me and causes me to tremble for the safety of my country … the Money Power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the Republic is destroyed.” — Abraham Lincoln, just after the passage of the National Banking Act of 1863

“All the perplexities, confusion and distress in America rise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.” — John Adams, in a letter to Thomas Jefferson in 1787
“Paper money eventually returns to its intrinsic value – zero.” — Voltaire (1694-1778)
“If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.” — Thomas Jefferson in 1802 in a letter to then Secretary of the Treasury, Albert Gallatin

The value of paper money is precisely the value of a politician’s promise, as high or low as you put that; the value of gold is protected by the inability of politicians to manufacture it. — Sir William Rees-Mogg

The monetary managers are fond of telling us that they have substituted ‘responsible money management’ for the gold standard. But there is no historic record of responsible paper money management … The record taken as a whole is one of hyperinflation, devaluation and monetary chaos. — Henry Hazlitt

“The creation of money exclusively as debt is the critical, destabilizing flaw in the American Economy”. — author Theodore R. Thoren explains The Truth In Money Book.
“The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money … .” — St. Louis Federal Reserve Bank in “Review”, Nov. 1975
“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” — George Bernard Shaw

“Without the confidence factor, many believe a paper money system is liable to collapse eventually.” — Federal Reserve Bank of Philadelphia in “Gold”
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” — President James A. Garfield
“Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people.” — Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England

“If Congress has the right under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.” — Andrew Jackson

QUOTES ON FISCAL AND MONETARY POLICY:

“The budget should be balanced, the treasury should be refilled and the pubic debt should be reduced. The arrogance of public officialdom should be tempered and controlled. And the assistance to foreign lands should be curtailed, lest we become bankrupt.” — Cicero, 63 B.C.
“Inflation has now been institutionalized at a fairly constant 5% per year. This has been scientifically determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime.” — G. Edward Griffin, historian and author of “The Creature From Jekyll Island”

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose … If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.” — John Maynard Keynes, economist and author of “The Economic
Consequences Of The Peace” (1920)

“About all a Federal Reserve note can legally do is wipe out one debt and replace it with itself, another debt, a note that promises nothing. If anything’s been paid, the payment occurs only in the minds of the parties ….” — Tupper Saucy, author of “The Miracle On Main Street”
“… the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state).” — Greenspan, Alan; “Gold and Economic Freedom”, Rand, Ayn; Capitalism: the Unknown Ideal; Signet Books, 1967; pp96-101. See full text in FAME’s FedWatch section http://www.fame.org/.

QUOTES ON BANKING:

“I sincerely believe … that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” — Thomas Jefferson to John Taylor, 1816.
“Banks lend by creating credit. They create the means of payment out of nothing.” — Ralph M. Hawtrey, former Secretary of Treasury, England
“Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.” — Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta

“Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.” — Sir Josiah Stamp, former President, Bank of England
“The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, “friends of paper money. They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. Through ignorance, but moreover, because of apathy, a small, but wealthy, clique of power brokers have robbed us of our Rights and Liberties, and we are being raped of our wealth. We are paying the price for the near-comatose levels of complacency by our parents, and only God knows what might become of our children, should we not work diligently to shake this country from its slumber! Many a nation has lost its freedom at the end of a gun barrel, but here in America, we just decided to hand it over voluntarily. Worse yet, we paid for the tyranny and usurpation out of our own pockets with “voluntary” tax contributions and the use of a debt-laden fiat currency!.” — Peter Kershaw, author of the 1994 booklet “Economic Solutions”

“The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.” — President Franklin Delano Roosevelt, November 23, 1933 in a letter to Colonel Edward Mandell House
“The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.” — Pringle, Robert; and Deane, Marjorie: The Central Banks; Viking, 1994, page viii.

“When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money.” — Boston Federal Reserve Bank in a publication titled “Putting It Simply”

“Some people think the Federal Reserve Banks are U.S. government institutions. They are not … they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.” — Congressman Charles McFadden, Chairman, House Banking and Currency Committee,

June 10, 1932
“.. we conclude that the [Federal] Reserve Banks are not federal … but are independent, privately owned and locally controlled corporations … without day to day direction from the federal government..” — 9th Circuit Court in Lewis vs. United States, June 24, 1982
“… You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out.” — President Andrew Jackson, upon evicting a delegation of international bankers from the Oval Office
“Give me control over a nation’s currency and I care not who makes its laws.” — Baron M.A. Rothschild (1744 – 1812)

Submitted by: Regis Sauger (Submitter does not make any claims as to having any input or credits for above quotes which are considered available to the public under the Freedom of Information Act.)

Regis Sauger is a licensed Mortgage Broker in Florida, an author, lecturer on credit awareness. He has conducted seminars for underwriters, attorneys, mortgage lenders, realtors and the general public. [http://www.yurcredit.com/]http://www.yurcredit.com

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jmarkis10We are all aware of the mushrooming growth of the collectibles’ segment. Both the number of collectors and the respective sizes of their collections are growing exponentially. As novice collectors enter the marketplace, we face new challenges to find and sell appropriate items that satisfy their needs; as well as provide the additional customer service that has rapidly become the rule rather than the exception. These new collectors typically use the internet to determine the value of their collections; and many will never visit a show or our offices. In reality, a new type of collector exists using the EBay auctions exclusively.

Most of us learned to evaluate our field, and its collectibles as an essential aspect of business as have the sophisticated, long-term collectors. We can accurately judge the value of any collectible item with a quick inspection. Today many collectors specify independent third party appraisals and are specific about the particular service they prefer. Every purchase of an item for resale brings with it the possibility of a negative appraisal and therefore we can be stuck with an unsalable item.

As dealers, we can take a few simple steps to earn and keep our customers’ loyalty.

  • First, we must remember that all clients are people. Each individuals has different expectations, and as dealers we must tailor every sales opportunity to custom fit that person’s needs. Dwight Macdonald, the author and educator, said “…conversation means being able to disagree and still continue the discussion…”. We all must remember it is not necessary to get a client to agree – we should only want to gauge how to satisfy their unique needs and wants. Not only listen to the words and meaning in their voice; but also assess their emotions. Any customer that feels you completely understand them will return repeatedly, an remain satisfied.
  • Second, we must learn to acknowledge the customer. If he or she is standing at your show table, on hold on the phone, or waiting in your office – say hello, use their name, shake their hand, and give them a big smile. A simple “I’ll be with you in a minute”, goes a long way. These little things may save that potential client from leaving, or hanging up, and they may be the next collector in the market for a premium purchase, and become a long-term profitable client. Your mother always told you to make a good first impression – it was true then, and has not changed to this day.
  • Next, we all like to feel important and we’re drawn instinctively to those who treat us so. American Express gives us a lesson there. When they introduced the “Centurion Card”, commonly called the black card, their phones were inundated with people lining up to send $1,000 for the privilege of doing the same thing the $25 Green card does – charge stuff. Imagine if we were able to charge collectors a fee – simply so they could buy the collectibles we offer.

While none of us has the advertising budget of American Express, here are some ideas of how you might promote your business and create loyalty amongst your clients. Try arbitrarily and randomly sending clients discount certificates good for their next purchase. Include theme mouse pads, or for larger purchases – books on your particular specialty with the shipment. It creates a nice surprise for the collector when their purchase arrives. These small premiums are a pleasant surprise for your customer; moreover, it sets the tone for a fruitful relationship, one of trust and hopefully friendship. They instill in the collector an impression that you have taken the time to acknowledge their business, and communicated a sincere appreciation for their purchases. With this loyalty, business is assured well into the future. The little things do make a difference.

The Kevin Eikenberry Group is a highly respected, professional speaking, training and consulting team. They recommend a very simple marketing technique – Laugh more often! They also offer one other axiom – “Remember – business is too important to take seriously”. It sounds simple but if taken as basic action, one that goes a long way. These policies will instantly make people friendly, defuse uncomfortable situations, and leave positive memories instilled with all involved. This enthusiasm and energy infuses all those around us – clients, employees, and even the vendors you use.

I would recommend that everyone who does not have the luxury of a photographic memory keep track of a customers and notes with a database computer system. I have found FileMaker Pro, or similar program, easy to use and manipulate information in a database. Having this type of knowledge readily available while on the phone with a customer, or at the show table, empowers you with a tremendous sales tool. You are immediately aware of a customer’s buying habits, wish list, and potential. It will also easily download to a laptop for portability. As an added benefit, the same information creates invoices, inventory, and standard accounting information. Another plus is to do your shipping online with FedEx or UPS. As soon as you complete the shipment, an email can automatically be sent to both you and the customer. Another, within hours after the shipment is received. This process communicates an assurance to your customer their collectibles were shipped and conversely you, that the customer received them in a timely manner. As an aside, it eliminates the many phone calls from customers asking about the status of their shipments. While these shipping services may cost a bit more than the U.S. Postal System, they also will negotiate their rates for volume shippers – something the U.S.P.S. doesn’t.

Finally, and probably most importantly, we must strive to find and retain quality people. Historically the collectibles industry is populated by “one man bands” – dealers who bought, sold, invoiced, shipped, and performed every other function for their businesses. Slowly we have added staff to the point now where a support group of 5-6 people is becoming the norm. With these new burgeoning staffs, dealers must learn to empower our staff and develop unique service strategies and ideas. The fear that blocks employees from supplying great service is usually a hesitation to overstep their bounds. We should want every employee to deliver great service with each customer contact. Support decisions when employees give something you feel they should not have – if done to please a customer. All people become enthusiastic when they experience their own competence. I am not suggesting employees have free-reign to give your products away; but I doubt many people would consider doing that anyway. Simple and concise parameters can be set in a group meeting to communicate basic sales policies. Once your customers know they can receive definitive answers from an employee they will no longer need to speak directly to the dealer principal each time they call – thus freeing you to make more money.

An equally important item to remember, if you have a customer who becomes abusive or unduly hard on any employee, you should immediately stop doing business with them – your own peoples’ peace-of-mind comes first. These few ideas will bind customers and employees to you in the long term – which equates to a profitable, fun, business operation.