Federal Reserve Bonds 1934
loosey:
I keep reading that Federal Reserve Bonds series 1934 are fake, and that they were never issued in any amount. The ones I have seen have a picture of Benjamin Franklin, none of the ones I have heard of or seen pictures of have his picture, all the others have JFK , Roosevelt and others. It sure is funny that the Federal Reserve site clearely has information concerning the existance of such bonds, they were an elaborite system of marketing war bonds. Henry Morgenthau Jr. who was the Secretary of the Treasury in 1934, ( breifly under President Harry Truman) and arranged that the Federal Reserve would purchase bonds not bought by the public at an agreed rate. The war bond program raised 49 billion dollars towards the cost of the war. The Bonds do exist. What would happen if they were to be cashed at face value plus the 4% interest per annum? THINK about it, would you want your country to be worse off than it is today.?
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T_hunter44:
Good question and now you know why every Tom, Dick and Harry is saying their was never any Federal Reserve Bonds. It is a dead issue and if one brings out the subject, either he or she gets a verbal attack and flagrant insults is very common.
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GoldDigger1950:
The first clue to the fakery is simple. The War Bonds would not have been started until 1938 at the very earliest. There's no conspiracy afoot by the Federal Reserve Bank, which is NOT a branch of government. Harry Truman was NOT president in 1934 (1945-1953). So far, you have done nothing but misstate what dozens of conspiracy theorists have dished out to you. You believe them instead of reliable sources. How shameful.
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seldom:
The U.S. Treasury has received hundreds of contacts about these bogus securities, commonly known as "Morgenthaus" as Robert Morgenthaus was Secretary of the Treasury in 1934. These "federal notes" are not currency, neither are they bearer bonds. They are in fact crude forgeries that appear to have originated out of the Philippines. The "story" being told is that the United States shipped them to Philippine freedom fighters in the WW II era to help with the war effort. Some "investors" have brought them to us in so-called "Federal Reserve" metal boxes, along with other related certificates, such as Global Immunity, FDIC Insurance Gold Bullion shipping manifests and "gold" coins. These crude forgeries were likely made by inserting images of $100 dollar bills (Ben Franklin), $1,000 dollar bills (Grover Cleveland) and even $1 dollar bills (George Washington) into a computer program, then altering the amounts to read $100 million and $500 million, then adding coupons both in English and Chinese script. Most were then printed on modern color printers or copiers. These modern color printers or copiers did not exist in 1934 when these bogus notes are alleged to have been issued. The Treasury Department did not issue securities (bonds) in $100 million or $500 million denominations during the time period alleged in this fraud.
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loosey:
As I said, he served breifly under President Truman (1934- 1945). The ones I have seen are not notes they are Bonds and not used for public purchase. I can take the insults but I at least try to find out what I am dealing with through history and what is documented with the government. If you think the never existed that is your choice. Some people may just like to collect things that have alot of controversy to go along with it, makes life and collecting a little more interesting.
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CANI:
I would like to see a picture of the bonds if you can get one.
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loosey:
I'll see what I can do about that
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T_hunter44:
I was not talking about fake bonds. I was just saying that some people in this forum was saying there NEVER was any said bonds. Now, is there really any GENUINE TREASURY BONDS, for to make forgery, there has to be an original for the forgers to copy and if there was forgery, where did it originally come from, that is my question. The Filipinos in this Forum are insulted left and right but it did not start from them, sure, they are great imitators but to say that they imagined and originated the fake Treasury Bonds, you give them TOO much credit. When looking for the Originators of the fake treasury bonds, do not look too far, the Genuine and the Fake came from this country but if you insist that the Filipinos has that much imagination, that's great, that is a plus to their native trait. Chao
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loosey:
We all know there are forgeries out there, and to make forgeries like that you would have to have some thing to work from so I agree where did they come from and if they are out there why does the government try to cover it up by saying they never existed?
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T_hunter44:
Quote:Posted by CANII would like to see a picture of the bonds if you can get one.
Pictures of the bonds is not impressive, you have to hold it in your hands to see and feel the texture and type of paper it was printed on and that paper was not made in the Philippines, that is a fact.
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