Wednesday, July 13, 2011
Banknote(s) of the Month, July 2011 - The "Blue Dollar"
A few years ago, there was a word of mouth and internet conspiracy theory that the US Government and/or Federal Reserve was planning a new US Dollar as a way to stem what some speculated was a coming hyper-inflation. There was even a term on Wall Street that I heard used on one of the financial news stations called "the Blue Dollar trade" - ie, buying anything of tangible value like copper, gold, silver, oil, etc in anticipation of a major currency event and the devaluation of the US Dollar. I also heard that the re-valuation would be one Blue Dollar for every 3 old Federal Reserve Note. These theories were shown incorrect with the passage of time and furthermore, the images of the two different designs were simply fictional contest entries in a dollar re-design project that was unrelated to the US government. They are very interesting graphics, so even though they aren't real notes, I wanted to share them with my readers.