Harriet Tubman to replace Andrew Jackson on the face of the $20 bill

Discussion in 'World Events' started by Plazma Inferno!, Apr 21, 2016.

  1. Plazma Inferno! Ding Ding Ding Ding Administrator

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    African-American civil rights activist and abolitionist Harriet Tubman will become the new face of the $20 bill, replacing former President Andrew Jackson, U.S. Treasury Secretary Jacob Lew announced today, while Alexander Hamilton will remain on the 10 dollar bill.
    The changes are part of an effort by the Obama administration to put a woman on paper currency and Lew said that along with Tubman becoming the face of the 20 dollar bill, images of women and civil rights era leaders will also be added to bills.

    http://abcnews.go.com/US/harriet-tubman-replace-andrew-jackson-face-20/story?id=38544017
     
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  3. origin In a democracy you deserve the leaders you elect. Valued Senior Member

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    I was listening to NPR discuss her, a truly amazing women. Andy Jackson is still going to be on the back of the 20 I believe and ironically he was a slave owner. Former slave on the front of the 20 and a slave owner on the back, kinda weird...
     
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  5. joepistole Deacon Blues Valued Senior Member

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    That's a great idea, replace the founder of the Democratic Party with a gun–toting Republican.

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    You have to appreciate the irony, especially when you consider the fact it's a Democratic administration doing it.


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    Tubman wasn't my first pick. But I can understand why they chose her. It's interesting one side will bear the image of a slave owner and the other the image of a famous abolitionist. It's our history.

    I understand they are putting images of 5 women suffragettes on the 10 dollar bill.

    http://www.reuters.com/article/us-usa-currency-idUSKCN0XH21W
     
    Last edited: Apr 21, 2016
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  7. wellwisher Banned Banned

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    I also heard somewhere that Andrew Jackson appointed Roger Taney of Maryland, head of the Justice Department, and he eventually becomes appointed to the Supreme Court. His claim to fame is he fought to make slavery a Constitutional right. He was a Democrat.

    The Democrats tends to create social problems, in this case legitimized slavery, and then they blame the Republicans, later. The Republicans don't know how to deal with liars and con men, so the culture assumes the Republicans did it.

    The Democrats worsened slavery, started the housing crisis and now the student debt crisis, but who gets blamed? The Democrats are fortunate since their base prefers to be lied to, and/or will go along with the scam. This will be changed when the department of education is abolished. This liberal stronghold teaches revisionist history.
     
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  8. joepistole Deacon Blues Valued Senior Member

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    Well a couple of things for you well educated Republicans to consider, first, there was no Department of Justice during Jackson's presidency...oops. Jackson appointed Taney to the US Supreme Court. Taney did indeed favor the institution of slavery, but so did most if not all of the founding fathers. Almost all were slave owners.

    Oh, so you think the Civil Rights Act, Social Security, Medicare, and many other programs created social problems? Additionally, it has been widely documented that the economy grows faster and does better under Democrats than it does under Republicans. So you think a growing economy is a social problem too?

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    And just how did Democrats worsen slavery? And why is it the Republican Party is the party of the the poor working class white male? Are nonwhite just too dumb or gullible to understand which party favors their interests? That's probably one of the reasons why nonwhites don't favor the Republican Party. Unfortunately for Republicans, the world isn't as dumb or as gullible as they need to be.

    Science isn't a liberal conspiracy. Academia isn't a liberal conspiracy. Facts are just facts. Just because Republican ideology isn't consistent with fact or reason, it doesn't mean the study of facts and reason are liberal conspiracies.

    http://www.huffingtonpost.com/2009/07/10/only-six-percent-of-scien_n_229382.html
     
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  9. Michael 歌舞伎 Valued Senior Member

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    Andrew Jackson would be appalled his likeness was used as propaganda on the part of the "Federal" Reserve. Given he personally ended their second attempt at establishing a central banking cartel in the USA. Removing his image, is the best thing the FED has done in the last 100+ years.
     
  10. iceaura Valued Senior Member

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    And given the financial motive for his opposition, namely the threat to his capital investment and family wealth, the replacement face is also a good thing:
     
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  11. pjdude1219 screw watergate i want to know about zaragate Valued Senior Member

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    not really. the gun thing is almost completely irrelevant considering at the time how guns were used, the culture of gun use, and the percentage of people and who they were is completely different. and at that time the republicans were the more liberal party so ideologically speaking she is closer in mind to modern democrats in mentality.
     
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  12. pjdude1219 screw watergate i want to know about zaragate Valued Senior Member

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    still pushing the same dishonest bullshit i see. do you ever get tired of lying? typical republican/ conservative attitude completely unwilling to accept anything wrong with what you do and blame everyone but your self.
     
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  13. joepistole Deacon Blues Valued Senior Member

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    Except, the Fed didn't remove, nor will it remove Jackson's image from the 20 dollar bill. While it is a federal reserve note, the design and actual printing of the note is done by a division of the US Treasury.

    Others have addressed Jackson's issue with the central bank. But the central bank of Jefferson's time isn't like the current central bank (i.e. The Federal Reserve) in part because the current central bank is wholly owned and controlled by the US government. One more point you should know, Jackson's ideas with respect to banking were calamitous and sent the nation into a deep and prolonged depression.
     
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  14. iceaura Valued Senior Member

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    The US Federal Reserve Banks are none of them owned by the US government. They are "owned" - if that even makes sense in this context - by private banks, who purchase "shares" of a kind - 3% of their capitalization - and receive by law interest of 6% on that investment.
     
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  15. joepistole Deacon Blues Valued Senior Member

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    LOL...ignorance is bliss is it Iceaura? But you never let your ignorance stop or even slow your ignorant pronouncements. The Fed is an arm of the US government. It's governors are appointed by the US president and approved by the US Senate. It's profits are remitted to the US Treasury.

    The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution
    https://www.federalreserve.gov/faqs/about_14986.htm

    You are confused. The Federal Reserve consists of the Board of Governors and regional Federal Reserve Banks. The Board of Governors provides oversight, leadership, and manages monetary policy. The regional banks function as clearinghouses. They service member banks within their region. They clear interbank transactions. That's why ATMS work. That's how checks are cashed. That's how money is moved from bank to bank. They are also lenders of last resort to member banks through the Fed discount window.

    Member banks are required to maintain a deposit equivalent to 3% of their capital on deposit at the Federal Reserve at all times. That 3% holding (i.e. deposit) is referred to as stock, that stock conveys NO ownership rights. It cannot be sold or transferred or encumbered. And member banks are paid 6% return (i.e. dividend) on their Fed stock (i.e. deposits).

    The terms "stock" and "dividends" are confusing to many and has led to some great demagoguery and fear mongering over the years.
     
    Last edited: Apr 22, 2016
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  16. iceaura Valued Senior Member

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    Like I said, and contrary to your post, the Federal Reserve Banks are none of them owned by the Federal Government.

    The shareholders are all private banks, who receive yearly dividends of 6% on their investment. By law.
    It pays dividends of 6%, utterly secure. That's a lot better than you can get from a T-Bill these days.

    Meanwhile, the government has no "ownership rights" either. You are also wrong about the "wholly controlled" part - the private member banks have a formal, legal governing voice at all levels including the very highest level, where they seat a large minority voice (5 of the 12 Policy Committee members) on the governing Committee.
     
  17. joepistole Deacon Blues Valued Senior Member

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    BULLSHIT! So now according to you, the Federal Reserve is an arm of the US government but it isn't owned by the US government? OK....so using that line of thinking congress isn't owned by the US government. The State Department or any of the plethora of agencies of the US government aren't owned by the US government. That's nonsense. That's bullshit.

    You are just being more and more ridiculous as is you custom. The fact is the US government does own the US Federal Reserve. It appoints its leaders and Federal Reserve profits are transferred to the US Treasury. Those are hard facts.

    Yeah, I think we have well established the fact you are confused by the terms "stock" and "dividends". As has been previously and repeatedly explained to you, the term stock conveys no ownership rights. Member bank "stock" cannot be sold, it cannot be transferred, it cannot be encumbered. It's basically a reserve requirement. The "dividend" is mandated not by member banks or the Federal Reserve but by congress. An act of Congress fixes the "dividend" amount.

    Uh..No. As has been repeatedly pointed out to you now and over the course of several years, the government does own the Federal Reserve, just as it owns every other agency it has created (e.g. Department of Defense, Justice Department, The White House, etc.).

    Appointing leaders and owning profits, are ownership rights, and the US government does both with respect to the Federal Reserve. It appoints the Federal Reserve leadership (i.e. the Board of Governors) and the US Senate confirms that leadership. The US government owns Federal Reserve profits. That's why Federal Reserve profits are transferred to the US Treasury. Additionally, it appears you are erroneously conflating the regional banks where member banks are allowed some representation at the region level with the Board of Governors which govern (i.e. supervises), and leads the Federal Reserve System. Regional bank presidents to not govern the Federal Reserve. They don't set policy. Regional bank presidents run regional banking operations (i.e. clearinghouse operations) within their specific regions.

    The Board of Governors hold 7 of the 12 seats (i.e. a majority) on the Federal Reserve Open Market Committee (FOMC) (i.e. your "policy committee members"). The FOMC only sets monetary policy. Policy is much more than just the FOMC. It is one of many committees within the Federal Reserve. And regional bank presidents do not control the Federal Reserve Open Market Committee. However, they are represented. The Federal Reserve Board of Governors controls the Federal Reserve Open Market Committee. Federal Reserve regional banks do not control or create Federal Reserve policy. They have a voice, the have representation on the FOMC, but they do not have control. And none of that changes the oversight and leadership roll of the Board of Governors.

    "The Federal Reserve System is supervised by the Board of Governors. Located in Washington, D.C., the Board is a federal government agency consisting of seven members appointed by the President of the United States and confirmed by the U.S. Senate. The Board has about 1,850 employees." https://www.newyorkfed.org/aboutthefed/fedpoint/fed46.html

    One more point:

    The Federal Reserve is much more than just the FOMC. The FOMC is just one function of the Federal Reserve.

    The unfortunate fact for you is you area wrong yet again. You have a habit of posting about things you know nothing of and acting as if you had some sort of subject matter knowledge which you obviously do not have. The Federal Reserve is an agency of the United States government. It is owned by the United States government. That's why its profits are transferred to the US Treasury. That's why its leaders are appointed by the US president and ratified by the US Senate.
     
  18. iceaura Valued Senior Member

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    This whole thing being a hijack, I'm going to skip the rest, but that last - - - look:

    you have now posted claims that the Federal Reserve makes no profits, and claims that the US Government receives its profits as evidence of ownership;

    claims that the US government wholly controls the thing, and links to sites that describe control via Presidents and Boards of Directors and sitting members on Committees at the very highest level of control who are all provided by private banking concerns;

    claims that since the Federal Reserve Board is a government agency, the Federal government wholly controls and wholly owns (your terms) all those banks that Board 7/12 oversees.

    And so forth.

    Here is the Federal control of the Reserve Bank of Minneapolis for 2015 - three government appointees for a nine member Board of Directors. https://www.federalreserve.gov/newsevents/press/other/20151204a.htm The other six, and the Presidents, are of course provided by the shareholding member banks.

    Here is the Board of Directors of the New York Federal Reserve Bank: https://www.newyorkfed.org/aboutthefed/org_nydirectors.html

    Except for those three Directors of the nine on each Board, nobody working for either of those two banks was hired by the Federal Government. None of them are paid by the Government, enrolled in government Civil Service hierarchy, or receiving health insurance or pension coverage through the US Government.

    Strange "agency", no?

    But really: Harriet Tubman is too good a topic to unduly sidetrack. Her use of a handgun, for example, was parallel to but notably different from Andrew Jackson's - as a former slave, she knew what disarmament could mean; as a slaveholder and chief architect of the Cherokee relocation, so did he.

    I hope they use the picture in the PR handouts.
     
  19. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    I would have preferred Rosa Parks. She was a fighter for equal rights long before she held her seat on the bus. See:

    https://www.washingtonpost.com/post...1/how-history-got-the-rosa-parks-story-wrong/
    or: http://iipdigital.usembassy.gov/st/...6142830jmnamdeirf0.6788446.html#axzz46bb5LTXJ

    From the second link:
    " Parks was inducted into the National Women’s Hall of Fame in 1993. She was presented the Medal of Freedom Award by President Bill Clinton in 1996 and the Congressional Gold Medal in 1999. The Southern Christian Leadership Council established an annual Rosa Parks Freedom Award. After her death on October 24, 2005, Congress approved a resolution allowing her body to lie in honor in the rotunda of the U.S. Capitol. She was the 31st person, the first woman, and only the second black person to be accorded that honor since the practice began in 1852. "

    With complete justice and accuracy Parks is called the mother of the civil rights movement. Not this time, but deep in my heart I do believe, Parks will one day be featured on a US treasury bill.

    Harriet Tubman was courageous and had huge effect on the lives of less than 100 people (slaves) she helped get into the "under ground railway" to get freedom in the North, but she really did not change the system that oppressed blacks.
    Rosa Parks, did that.
     
    Last edited: Apr 23, 2016
  20. Michael 歌舞伎 Valued Senior Member

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    LOL
     
  21. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Probably Jackson will be replaced by Rosa Parks, someday. Then many will refer to the 20 dollar bill as the "freedom bill."
     
  22. joepistole Deacon Blues Valued Senior Member

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    Actually Michael, per my previous post, the Federal Reserve wrote that. Yeah, I know you don't like facts.
     
  23. joepistole Deacon Blues Valued Senior Member

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    LOL...and just how is the "whole thing being a hijack"? And yeah, you skip much. It is your habit.

    Uh...and where did you get that? You made it up, which is also habitual with you. I never said or wrote the Federal Reserve makes no profits. Once again for your edification, I said the Federal Reserve transfers it profits to the US Treasury. Try being honest Iceaura. Ideologues have great difficulties with honesty.

    Well, not surprisingly, you have oversimplified and exaggerated. But, the Federal Reserve was created by the Federal government. It is an independent agency of the US government. It's leaders are appointed by the US president and confirmed by the US Senate. Its profits are transferred to the US Treasury.

    Contrary to your assertion, the Federal Reserve isn't "private". Just because member banks can elect regional bank presidents and a few of those bank presidents can serve on one Fed committee as you have asserted, it doesn't follow that the entire Federal Reserve is "owned" by member banks.

    Actually, it isn't at all strange. A list of Federal Reserve regional bank presidents isn't at all strange. What is outright false is your assertion that Federal Reserve employees are not government employees. Pull up a Federal Reserve employment application. You will seen in the upper right hand corner of the form an OMB (Office of Management and Budget) number. That's a federal form (i.e. government form) number used to conform with the Paperwork Reduction Act of 1995...oops. Federal Reserve employees are civil servants. However, they like the US Post Office and other independent federal agencies have their own payment, retirement, and job classification schedules and plans. That doesn't mean they aren't federal employees.

    'The General Schedule (GS) includes white collar workers at levels 1 through 15, most professional, technical, administrative, and clerical positions in the federal civil service. The Federal Wage System or Wage Grade (WG) schedule includes most federal blue-collar workers. As of September 2004, 71% of federal civilian employees were paid under the GS; the remaining 29% were paid under other systems such as the Federal Wage System for federal blue-collar civilian employees, the Senior Executive Service/Senior Leveland the Executive Schedule for high-ranking federal employees, and the pay schedules for the United States Postal Service and the Foreign Service. In addition, some federal agencies—such as the United States Securities and Exchange Commission, the Federal Reserve System, and the Federal Deposit Insurance Corporation—have their own unique pay schedules." https://en.wikipedia.org/wiki/United_States_federal_civil_service

    The Paperwork Reduction Act (PRA) of 1995 requires that agencies obtain Office of Management and Budget (OMB) approval before requesting most types of information from the public. "Information collections" include forms, interviews, and recordkeeping requirements, to name a few categories. https://www.google.com/webhp?sourceid=chrome-instant&rlz=1C1SFXN_enUS500US501&ion=1&espv=2&ie=UTF-8#q=the paperwork reduction act of 1995

    One more point which I think might be confusing you, the Federal Reserve System as previously implied is self-funding like many other independent government agencies (e.g. US Postal Service, The Federal Deposit Insurance Corporation, et al.).. These independent agencies are not funded by congress because they have been mandated by congress to generate their own revenues and profits. They are self funding, but that doesn't make them any less of a government agency.

    Then you shouldn't be posting crap.

    I don't think anybody is critical of Tubman for her use of a handgun. It's just ironic that folks who hate guns are now celebrating a gun-toting Republican. Times have changed. Yes, Jackson was a slave owner, and yes his Indian policies were horrible. None of that detracts from Tubman's historical contributions to the nation. She has earned a valued place in American history. Nobody is denying that.
     
    Last edited: Apr 23, 2016

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