At a glance, the $100 bill has changed very little over the past century.
It still bears the image of Benjamin Franklin, arguably America’s greatest inventor and a signer of the Declaration of Independence.
And it’s still signed by the Secretary of Treasury.
But there’s one missing feature in particular that’s worth noting. In today’s article we will take a close look at it, because it holds the key to an upcoming change to the dollar that every American must know about.
See here on this circulated $100 bill:
The circled portion states:
This note is legal tender for all debts, public and private.
So what’s missing? And why is it such a big deal?
You can see here in a $100 bill from 1950:
It has some very important extra language:
This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank.
In other words, foreign countries that wanted to redeem their U.S. dollars for “lawful money,” theoretically could swap them for gold. No country can do that today. President Richard Nixon broke the dollar’s link to gold on August 15, 1971.
The $100 bill from the 1920s stated this “convertibility” feature of the U.S. dollar even more explicitly:
Redeemable in gold on demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank.
In the 1920s and early 1930s, the average guy on the street could walk into any Federal Reserve Bank, or head into the U.S. Treasury, and swap his dollars for gold. On June 5th, 1933, FDR ended that convertibility.
Gradually, the Federal Government has undermined the value of the U.S. currency….
First it took away the “gold window” from the average guy.
Then it completely severed the dollar’s link to gold.
Today, the U.S. dollar is not backed by any tangible asset.
Yet, the Government is still finding ways to change it.
We’ve learned the Federal Reserve just wrapped up a special “behind-closed-doors” meeting to discuss one of the most dramatic changes to the U.S. dollar in the last 100 years.
A change that not only affects how we spend, save, and earn…
But that will also transform the very nature of “money” itself.
To uncover the story, we flew down to Aspen, Colorado to meet with currency expert, multi-millionaire investor and New York Times bestselling financial author, Doug Casey.
Casey, a self-described “anarcho-capitalist,” was a classmate of former President Bill Clinton at Georgetown University in Washington.
He is one of the most connected men in the financial world:
He’s debated presidential candidates… He’s met with (and spoke at the same national conference as) former Fed Chairman Alan Greenspan… And he’s also been invited by the leaders of twelve different countries to discuss monetary reform. Some even credit Casey with introducing the concept of “economic citizenship,” where individuals can become citizens of a country simply by making an investment.
In the interview that follows, you’ll hear Casey’s strong warning to Americans regarding the consequences of a “new potential money plan by the Fed that could start in the next 6 months.”
You’ll also hear the four steps he’s personally taking today to prepare himself and protect his savings.