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Outside 'InsideCostaRica'
Hank is a freelance contributor. The opinions expressed here are his own and do not necessarily reflect the opinion of insidecostarica.com. 

Write Hank at:
sky_boy@swbell.net

Be A Contributor! Click here.

Sunday 12 January 2003  · Index


THE GRINGO GREENBACK   

What is the color of the front of a dollar bill? Try to answer this without looking in your wallet.   

There are lots of other great games that you can play with your money. One of the most recent being the folding of a Twenty Dollar Bill, resulting in the display of the late Twin Towers in New York, and the airlines that crashed into each.   

My favorite game is getting someone to bet against me regarding the Five Dollar Bill. I will put money on the fact that I can release this note from about 4 feet high, and it will land with Abraham Lincoln looking up at you. Try this, it works.   

The Dollar is a World Wide Phenomena. It is everyone's favorite currency. My brother loves the penny, because they are the exact same size and weight as the Quarter-of-the-Low-Lands. At some point he put so many of these coins in parking meters of his hometown, that it resulted in a local newspaper article, which he proudly mailed to me. 

Launderers and Traffickers prefer the Gringo Currency, although the Euro and British Pound are trailing closely. Whole countries have discarded their own, usually colorful and nice-to-look-at but worthless money, to improve their financial situation by "dollarizing" their economy. Costa Rica may not be far behind. You can use the Greenback practically everywhere.   

But because it is such a popular way to exchange wealth, it has caused concern. The United States, responsible for the creation of this Superstar Valuta, at one point considered printing a different version for foreign use only. 

Travelers leaving the nation would be required to exchange their "green" money for a "pinkish red" version, which then could be used in dollarized economies elsewhere, or exchanged to other currencies abroad. 

Like things aren't difficult enough as it is, just leave it to some "brilliant" economists to screw stuff up even more. I can only imagine all the schemes and frauds that this would create! Apparently, because of the very unfortunate happenings of nine/eleven and the attempts to stop the flow of money to terrorist organizations, this option is being considered again.   

And how much money is involved here anyway? And what constitutes a "lot" of money? 

As a child, I was very impressed by One Hundred Dollars. Today, I am duly overcome when the price of a car is expressed in Colones! That's right, I am a millionaire, just don't ask me in what currency...   

A Billion Bucks is a lot, is it not? No, it isn't...there are approximately 8000 investors who collectively have that much at stake right now, but that still does not make it a lot of money.   

Any of you ever buy lottery tickets? Well now, here are some numbers that should interest you: According to World Magazine, $57 Billion dollars was wagered on US lotteries and a whopping $592 billion in American casinos in the year of 2001 alone. The state of Massachusetts sells more than $500 worth of lottery tickets each year for every person within its borders. Yes, that includes women and even children! 

Now, that is a lot of money, especially when you realize that it is being "thrown away" for the 1-to-135,145,920 chance for The Jackpot! Have you noticed that people will tell you how much they've won, while they forget to mention how much it cost them to finally receive a pay-out? But that is human nature; we tend to focus on the positive and we also like to impress.   

Here are the answers to the problems in the first paragraph: 
Because Abraham Lincoln is pictured on both sides of the Fiver, he will always land face up. He really is, look carefully between the columns on the back of the bill. It is the Lincoln Memorial, after all.   

The folding of a Twenty to display the nine/eleven tragedy is as follows: put the bill face down, so you are looking at the White House on the back. Then, fold the top half down so you are folding it lengthwise in two. Now you are looking at just the bottom of the White House and the little chandelier over the door in the center. Like folding an airplane, fold first the left and then the right part of the bill downward over the chandelier. The result is a rendering of the World Trade Center Towers ablaze, with "America" stated on the right, and "United" on the left, thus indicating the unfortunate air carriers. 

Additionally, "nine" plus "eleven" of the tragedy's date equals twenty, the face value of the bill... Coincidence? Of course, but spellbinding nonetheless!   

And the color of the front of the dollar? It is black! The color of the face of American Money is predominantly black, hence the term "Greenback", because, well, the back is green. Most of you knew this, I suppose. And most of you know that today, the amount of money in circulation does not represent the amount of gold in Fort Knox anymore. So a lot of these popular bills are truly paper only, without real value to back it up.   

So, don't worry about it, it's only money!   

Hank


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