@Weimerica8841 Right. On it's face, destroying money reduces inflation, but not if we do it a dollar at a time like this guy. That's why defacing currency is illegal. They account for a certain amount of waste like in this short but if we all started doing it without the Fed's knowledge, inflation would continue to rise without regard of the lost paper bills floating around out there. With a physical shortage of bills themselves, they should be worth more but they won't be. It's a complex concept.
@@ipickedsomething because the FedResv is creating currency faster than anyone could destroy it. Also, paper is a very small fraction of the actual currency in circulation. Vast majority of FedResv notes are digital and truth is they're all worthless or about as close to worthless as you can get. If you want "money" that's gold & silver. FedResv notes (paper & digital) are currency under legal tender laws.
Winner goes to the McCarthy button although I would have chosen a different book, probably Suttree. Also I wanted to point out that the dollar bill is still considered legal tender if 50% or less is missing or damaged. Perhaps you could save it toward your own button maker (did you have to buy supplies?).
It's only illegal to burn it or mutilate it if you intend to use it as currency again (assuming that you own the money if not you must ask permission of whomever owns it). And you can do whatever you want to coins as long as you don't alter it to make it worth more than it is or melt it down to sell the raw material.
Technically yes. Are they actually going to arrest you for it? No the US Treasury has a lot more things to worry about than a guy making buttons outta dollar bills
@@Joseph-kj1okidk I always thought any alteration of US currency would count as the offense. I do agree with the most previous comment that nothing would come of it but yeah.
@@elifelethnot from where im from in Los Angeles. Its more common to hear it said the way he’s pronouncing it than to annunciate the -ton. Actually i think its more likely to be taken as being snobbish if someone pronounced it but-ton out here😅
Under section 333 of the U.S. Criminal Code, “whoever mutilates, cuts, defaces, disfigures, or perforates, or unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, or Federal Reserve bank, or the Federal Reserve System, with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both.” 18 U.S.C. § 333.
"mutulates ... with intent to render such ... note ... unfit to be reissued" has two parts: 1) mutilation with intent, and 2) unfitness for reissue. #2 is addressed by the Dept of the Treasury website: banknotes are acceptable for exchange if more than 50% is identifiable. Here, clearly the $1 bill is still recognizable, plus its serial numbers. For #1, clipping off part of a bank note is intentional mutilation, but its arguably not to prevent reissuance. Same rationale as intentionally writing on banknote. But fully burning a $1 bill would prevent reissuance, since it's now completely gone.
@@compdude22 Well, you're not wrong. However, it's still illegal. I'm not saying that he will be arrested or anything, because that would be absurd. However the bank would still take it, when the bank takes it they have to shred it though, because it is unfit to be reissued. I mostly just commented it as a warning.
A quick Google search would've kept us from having this conversation, but I have kids and animals so I'm used to this shit. Sorry, what was your question?
![Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]](http://i.ytimg.com/vi/9miVG2xT5jY/mqdefault.jpg)
![Gunna - HIM ALL ALONG [Official Video]](http://i.ytimg.com/vi/w7Wf0h1Q8a4/mqdefault.jpg)
Bro out there making free buttons, singlehandedly causing inflation at the same time 💀
Destroying money reduces inflation
@@mattg4836 Then why aren't we all outside burning it?
@@ipickedsomething That will happen when the dollar is worth less than kindling, like in the Weimar Republic
@Weimerica8841 Right. On it's face, destroying money reduces inflation, but not if we do it a dollar at a time like this guy. That's why defacing currency is illegal. They account for a certain amount of waste like in this short but if we all started doing it without the Fed's knowledge, inflation would continue to rise without regard of the lost paper bills floating around out there. With a physical shortage of bills themselves, they should be worth more but they won't be. It's a complex concept.
@@ipickedsomething because the FedResv is creating currency faster than anyone could destroy it. Also, paper is a very small fraction of the actual currency in circulation. Vast majority of FedResv notes are digital and truth is they're all worthless or about as close to worthless as you can get.
If you want "money" that's gold & silver. FedResv notes (paper & digital) are currency under legal tender laws.
Support your local libraries!
They look great. Support your local libraries!😊
🎉Good to know! Thanks!!! I’m from Sacramento too, I really miss home sometimes…..
This is very interesting...you have inspired me to go to my local library. Thank you.
they used to have adult vhs tapes at the library by my house when I was a kid in the 80s... lol
What?! LOL
❤DVDs can also be checked out!
I love your videos! I live and work in the Arden/arcade hood. I believe you filmed this at the library on Marconi.
Correct!
Great idea! Thanks for the idea.
Winner goes to the McCarthy button although I would have chosen a different book, probably Suttree. Also I wanted to point out that the dollar bill is still considered legal tender if 50% or less is missing or damaged. Perhaps you could save it toward your own button maker (did you have to buy supplies?).
Dude recorded him commiting a federal offense. It's illegal to destroy money. Coin's and paper money. Any type of currency
It's only illegal to burn it or mutilate it if you intend to use it as currency again (assuming that you own the money if not you must ask permission of whomever owns it).
And you can do whatever you want to coins as long as you don't alter it to make it worth more than it is or melt it down to sell the raw material.
Technically yes.
Are they actually going to arrest you for it?
No the US Treasury has a lot more things to worry about than a guy making buttons outta dollar bills
@@Joseph-kj1okidk I always thought any alteration of US currency would count as the offense. I do agree with the most previous comment that nothing would come of it but yeah.
Must be very simple in that head of yours all day lol ...
Waste of money
I love that book. And his other ones. So sad
What else does the library have? Besides books?
This guy must me a mason..Mason... let's see him shake someone's hand and then we won't have to guess anymore.
Great idea...😊
Woodland library has square one you’d love it.
Buh-in.
Hey that’s actually a bison, there are no buffalo in yellowstone, but there are tons of bison!
If Ken Burns calls them buffalo, I will call them buffalo
Pretty cool ❤
So cool!
I love the library
The feds will be there ìn the morning, destroyed government property 😂
The only illegal thing I’ve seen here is how he pronounces “button” as buh-inn.
English is my second language. I wonder if it's common to speak like this. To me, it seems like he is trying to be a snob. Am I right or wrong?
@@elifelethnot from where im from in Los Angeles. Its more common to hear it said the way he’s pronouncing it than to annunciate the -ton. Actually i think its more likely to be taken as being snobbish if someone pronounced it but-ton out here😅
That looks cool
Which library is that? Get on the waiting list online?
Most libraries these days have “kits” you can borrow. I noticed an increase in such options during COVID.
Sacramento public library
🔥🔥🔥🔥
Under section 333 of the U.S. Criminal Code, “whoever mutilates, cuts, defaces, disfigures, or perforates, or unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, or Federal Reserve bank, or the Federal Reserve System, with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both.” 18 U.S.C. § 333.
Yea the 2nd half means that it’s only illegal if you do it to make fake bills or to make the denomination bigger you sound dumb as rocks
So you’re the kid that reminds the teacher, at the end of the day, about homework. 😅
"mutulates ... with intent to render such ... note ... unfit to be reissued" has two parts: 1) mutilation with intent, and 2) unfitness for reissue. #2 is addressed by the Dept of the Treasury website: banknotes are acceptable for exchange if more than 50% is identifiable. Here, clearly the $1 bill is still recognizable, plus its serial numbers.
For #1, clipping off part of a bank note is intentional mutilation, but its arguably not to prevent reissuance. Same rationale as intentionally writing on banknote. But fully burning a $1 bill would prevent reissuance, since it's now completely gone.
@@Soulinspire_1 Yes, yes I am.
@@compdude22 Well, you're not wrong. However, it's still illegal. I'm not saying that he will be arrested or anything, because that would be absurd. However the bank would still take it, when the bank takes it they have to shred it though, because it is unfit to be reissued. I mostly just commented it as a warning.
You made some bu' ins, huh?
Isn't it illegal to destroy money
Isn’t that illegal to deface currency? Someone please let me know if I’m wrong and I will take this comment down 🙏🏻😇
A quick Google search would've kept us from having this conversation, but I have kids and animals so I'm used to this shit. Sorry, what was your question?
just a heads up. defacing money is illegal. please do not destroy currency
That’s illegal sir lol
That is a Bison🦬
What a waste of money. That dollar could've gone to a homeless person.
Not you defacing American currency for content 😂😂😂😂