INSANITY: REISSUING THE US $500 NOTE WILL ONLY FACILITATE MONEY LAUNDERING; REPUBLICANS SUPPORTING THIS NEED THEIR HEADS EXAMINED

Gosar Introduces Legislation Creating $500 Trump Bill Share on Facebook Share on Twitter Print this Page Share by Email Washington, June 5, 2024 Washington, D.C. -- Congressman Paul A. Gosar, D.D.S. (AZ-09), issued the following statement after introducing H.R. 8620, the Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act, legislation requiring the Secretary of the United States Treasury to print $500 Federal Reserve notes featuring a portrait of the 45th President of the United States, Donald J. Trump: “As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages.   First, larger-value currency will empower Americans with the freedom of more tangible options to save and exchange goods and services. Additionally, the absence of large-denomination currency issued by the Treasury encourages Americans to rely on digital banking, which faces greater vulnerability to surveillance and censorship. Furthermore, from a collector’s perspective, these $500 Trump bills will become highly sought after, generating revenue for the government through increased demand for numismatic items.  Collectors often covet currency with unique designs and historical significance and bills featuring the very popular 45th President will attract considerable attention from collectors.  This will no doubt create a market for the $500 Trump bills far beyond their face value and increase the seigniorage earnings of the government, thus increasing overall revenues,” stated Congressman Gosar.

                               THE TEXT OF THE BILL               

C. 2. PRINTING OF $500 FEDERAL RESERVE NOTES. 2 The 8th undesignated paragraph of section 16 of the 3 Federal Reserve Act (12 U.S.C. 418) is amended by add4 ing at the end the following: ‘‘The Secretary of the Treasury shall print Federal Reserve notes in the denomination of $500 and, notwithstanding section 5114(b) of title 31, 7 United States Code, such notes shall feature a portrait 8 of the 45th President of the United States.’’.