3 votes

Stamps & 100 billz - Janet Yellen Inspires Jay-Z rap

If you've seen Season 5, eppy 1 of The Simpsons, Bart makes a reference to the Inverted Jenny.

This rare stamp is the result of what I can only assume was a fatigued intaglio press operator who put the plate upside down.

This stamp has been auctioned and sold, the highest price was $9 million I think. (Bill Gross, PIMCO)

In 2008, infamously corrupt Broward county election pollsters "discovered" an Inverted Jenny stamp on an absentee ballot received by mail. (Later, it was "ruled" counterfeit)

A recent episode of SNL Weekend Update featured 2 very connected stories:

1) the "Let's Move" stamps designed to commemorate Michele Obama's nutrition campaign have been recalled/destroyed (I've heard differing accounts) The reason? The "outdoor activities" pictured require knee-pads, which the skateboarder isn't wearing. I wish I was joking.

2) the Papacy has recalled a bunch of gold coins because Jesus was spelled wrong.... Uh. Sure.

Following that, I discovered that the Royal Mint is issuing a bunch of commemorative coins for Royal baby Henry.

Moving on, what appears to be a VERY discrete release of information: the US is going to re-release commemorative Inverted Jenny stamps, one run costing about $2.

Another post reminded me that stamps can be used as legal tender in the event there aren't enough coins in circulation. It's really no different than bills being exchanged for gold, in this case stamps are the paper version of coins.

You may have heard about the $100 bill release, especially the fact that a rare batch with certain numbers will be "worth more."

The government is artificially creating scarcity in products of their choosing; products they can manufacture in bulk--like stamps.

I wonder of the "let's move" stamps will really be destroyed; one of the easiest ways to launder money is through auctions and stamp collecting!

I haven't connected all the dots yet, but what really keeps me interested in this trail is that the media has been going on non-stop about the new Fed chair and how she has quite the stamp collection. She's a philatelist.




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Some jackwads actually collect $100 bills...

http://www.dailypaul.com/301780/how-some-new-100-bills-worth...

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

Post office reprinted 1962 error to destroy scarcity:

The Dag Hammarskjöld invert is a 4 cent value postage stamp error issued on 23 October 1962 by the United States Postal Service (then known as the Post Office Department) one year after the death of Dag Hammarskjöld, Secretary-General of the United Nations, in an airplane crash. The stamp, showing the yellow background inverted relative to the image and text, is also known as the Day's Folly after Postmaster General J. Edward Day who ordered the intentional reprinting of the yellow invert commenting, "The Post Office Department is not running a jackpot operation."

The stamp reprint was in effect a deliberate error produced by the Post Office Department to avoid creating a rarity. It was decided to reprint 40 million of the inverted stamps after the discovery of the error so there would be no rarity factor in the inverted stamp and to prevent people profiting from the Postal Service's mistake.[1] The reprints were issued to the public on 16 November and described as a Special Printing.[2]

The black, brown and yellow commemorative stamp with yellow background correctly printed has a Scott catalogue number of 1203 but the inverted error is numbered 1204. The catalogue value of the invert is worth little more than the normal. The stamp, printed on Giori press in plates of 200, was designed by Herbert Sanborn and engraved by C. A. Brooks. 121,440,000 normal stamps were printed and 40,270,000 of the inverted reprint were produced.[3]

http://en.wikipedia.org/wiki/Dag_Hammarskj%C3%B6ld_invert

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

sehr interessant!

"philatelist" lol, actually had to look that up; who knew stamp collectors had their own word dedicated to them: hey, why not, seeing as how even necrophiliacs get their own term? lol.

very interesting find indeed. though, I wonder how much actual gold they used in the new Ben's. I cannot recall completely but supposedly they waste about $220Mil to print x billions in FRN's...

that said: "The government is artificially creating scarcity in products of their choosing; products they can manufacture in bulk--like stamps." - no doubt there, but seeing as how these aren't a widely distributed items like, say the FRN's, it'd only really affect niche markets, no?

hm, a govt induced artificial 'cachet'...well, suppose everything they intervene is by definition, artificially induced/manipulated.

if one were to assess govt like an individual suppose it'd be a kleptomaniac, a fraudster, a thief, a wifebeater, a husband beater, a torturer, a rapist, a pedophile, murderer, all rolled into one... hm, what do they call them, right: a teenage sociopath.

still wondering why the 'brand' govt has not become synonymous with all those terms, even after millennia of this documented insanity...

PS. I feel for ya; though I've been guilty of participating in some heated exchanges in the past on similar topics, nevertheless I've decided to refrain from these type of 'discussions,' altogether (well...as much as possible, depends on whom I'm debating; preferably in person, over a long period of time with mutual respect) from now on, especially when there is zero definitive providence, consistent, trustworthy, fool-proof, verifiable 'chain of custody' for such matters in human history as these are among the never-resolvables among human affairs one in which various interested factions will debate into eternity regardless of what is presented (I always keep wondering what anyone on earth would do, should we come in contact, for certain, with another off world race and compare notes on their origin myths/stories/facts: will all religions/cults/faiths of Earth at least reexamine their own past and compare notes?); it usually doesn't convince anyone nor result in a satisfactory conclusion for any of the participants, unfortunately. but you brave thang, you .0)

sadly, this plea seems to have gone wholly unheeded on that thread:

http://youtu.be/1sONfxPCTU0

PS.2. I believe this is the first time I've ever seen ya/'chatted'/replied, so in case I haven't: welcome, to the r3VOLution, TB!

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul