Money Talks
Just sharing my $0.02 🪙🍃
- In 1776, Adam Weishaupt, a professor of law at the University of Ingolstadt, Bavaria, founded a secret society that he called the Orden der Illuminati.
- The Constitution only authorized the federal government to issue coins, not paper money.
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- Copper was needed for ammunition during WWII, so in 1943 pennies were made out of steel.
- The total global debt has reached a staggering amount, with significant implications for the world economy.
- The word 'coin' is from the Latin word 'cuneus' for 'wedge,' because the dye for stamping metal coins was wedge-shaped.
- All coins in the U.S. have a mintmark stating the location in which it was produced.
- The Sumerians in ancient Mesopotamia (modern Iraq) were the first people to use ingots, the first form of metal money.
- The U.S. dollar is an iconic currency that is recognizable to people around the world.
- Most of the money in the world today is fiat money, or money that is not backed by gold or other metals.
- The Sumerians in ancient Mesopotamia (modern Iraq) were the first people to use ingots, the first form of metal money.
- Many millionaires avoid high-priced cars in favor of a more economical set of wheels because cars are investments with little return.
- Due to the rising costs of copper and zinc, it now costs more to produce a penny than its actual value.
- The Constitution only authorized the federal government to issue coins, not paper money.
- It is estimated that Americans throw away around $62 million worth of coins every year.
- Philip Schneider once said that aliens would reduce the world's population by seven-eights and rule the Earth.
- Trained dogs can detect the scent of money, which helps customs officials catch smugglers attempting to move large sums of cash across borders.
- It wasn't until 1963 that the motto 'In God We Trust' appeared on U.S. paper currency.