Wednesday, July 02, 2008
The irony of this new FDIC ad amid soaring inflation around the world, rising gold prices, and hyper-inflation in Zimbabwe (where you see similar looking currency) is quite rich.
The bill shown above is actually the real deal, having come into existence around the time of the New Deal, as noted in this Wikipedia entry on large denomination U.S. currency:
The $100,000 is an odd bill, in that it was not generally issued, and printed only as a gold certificate of Series of 1934. These gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily purchased by presidential order of Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were used only for intra-government transactions. They are printed in orange on the reverse. This series was discontinued in 1940.The circled area in the enlarged image makes a bit more sense given that background.