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Replies: 34 / Views: 5,863 |
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Valued Member
United States
492 Posts |
Quote: What if you're standing in an hour long line in a store Never happened to me and it never will. If I had to stand in a line for an hour to buy ANYTHING, there would be a pile of merchandise where I used to be standing and I would be long gone. If it's happened to you, then you need to find a new store.
Edited by TJB17 02/07/2013 07:42 am
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Pillar of the Community
 708 Posts |
Staff edit - We do NOT get personal here. Argue the topic, not the person. First warning.
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Pillar of the Community
United States
1795 Posts |
Hmmmm I would like to see a 200 dollar bill. That would not be too bad for purchases and especially for large purchases. You know what they say....The $5 is the new $1..The $10 dollar is the new $5....The $20 is the new $10 ...The $50 is the new $20...and the $100 is the new $50, and thats all thanks to our economy.
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Valued Member
United States
207 Posts |
You know what? a $200 bill I can see being somewhat useful in the coming years and with how prices are rising, I can see the $200 bill being used (if it was printed) in 15-20 years. Still can't see a $500 or $1000 bill being helpful in the foreseeable future.
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Valued Member
United States
137 Posts |
I think it would be awesome. When I go to Europe I always feel important having a 500 euro note in my pocket.
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Pillar of the Community
Canada
3692 Posts |
This idea might be abused yet again by criminals with technology in the wrong hands, but perhaps these new large bills could have a radio frequency that could be picked up in airports and shipping ports.
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Pillar of the Community
 708 Posts |
Wouldn't it at least be neat if they brought back the $500, $1,000, $5,000, and $10,000 bills and only sold them at a premium to collectors that was such a high premium, that it would not be worth buying them just to spend them? Like selling a $500 bill for $1,000, and $1,000 bill for $1,500, a $5,000 bill for $8,000 and a $10,000 bill for $15,000 or something similar, and the Treasury could come out with new designs during each currency redesign for the lower denominations?
The only problem I see with this idea is counterfeiters. They would probably have a field day selling counterfeit $10,000 bills to some poor soul who can't tell a real $10,000 bill from a fake. These new $10,000 bills would have to have a secuity feature that was easy to distinguish, yet very, very hard to fake.
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Valued Member
United States
177 Posts |
I would love $200 and $500 bills. They would just make large transactions at coin shows easier.
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Pillar of the Community
Canada
3692 Posts |
These high notes should be polymer and large-sized, like mini novelty cheques. Then release some more $1 coins to the public. No new $1 bills, old ones get retired with age.
But really, I don't think this is a necessity until we start using wads of $100s in everyday life to the point that you get no coins back.
@papermoney: Can't you write your dealer a cheque?
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Pillar of the Community
United States
1431 Posts |
I don't really see it happening for the aforementioned reasons of counterfeiting and similar cash-related crimes.
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New Member
United States
36 Posts |
I disagree with all the respect as to what Voshus007 has said about having no financial trouble in europe and less drug dealers. Eurozone is doing terrible, Spain, Greece, Cyprus are doing bad, much worse than US is doing now. And drug dealers, unfortunatly they're everywhere trying to get rich quickly, which doesn't work, because you get cought sooner or later, but it's something that is happening not only in US, if You read, watch, listen to european country specific news you will hear about those smugglers. But all of this is not stopping European Union's Central Bank from issuing a 500, which is not used in everyday purchases, but when it comes to buy a car for example you do not have carry a briefcase. No matter what denomination there is there will be always counterfeits, it does not makes much difference, because if a counterfeiter wants to have 10 000$ he will do it with 1 dollar bills if he has to, and find a way to make them legal or smuggle them, so it's difficult to justify not having new denomination with criminal reasons, because even if we would operate on 1$ bills only it would be still an issue unfortunatly. And the way that the value of the bills are lower than their face value there is something to be done, as our paychecks do not go with buying power of the money. One hundred dollars in 2000 could get you a full cart of groceries, now it's like 200. Even in the 80's 25 cents could get you more than now, you cannot even get tic tacs for a quarter. This shows how the value of the money went down and how much they differ from their face value, it is said, but true.
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Pillar of the Community
 708 Posts |
One thing I would like to say on the drug deal issue is is, even if we had just Half Cent coins like we used to here in the U.S. and used only those and no higher denominations, drug dealers would find a way around that. They would probably use gold, silver, etc. bullion to do their dealings, as I hear they sometimes already do. Quote: One hundred dollars in 2000 could get you a full cart of groceries, now it's like 200. No, actually, this was true in the 1980s and 1990s. Nowadays, if you buy meat, you are looking at at least $300 to fill a cart with food. Which is why a not only a $200 bill, but a $500 bill makes sense as well. Quote: Even in the 80's 25 cents could get you more than now, you cannot even get tic tacs for a quarter I remember in the 1980s and 1990s where you could buy tic tacs for 49 cents, which was a reason I argue to use halves now. Because you can not even get a pack of tic tacs for a dollar anymore, and those 5-stick packs of gum, that once costed 25 cents now cost 35 cents, if not more, so I argue to use halves, as at least with a half, you're getting change back, and a quarter just can't do it anymore. Even most gumball machines at stores are set up for two or even three quarters, when they should be set up to accept halves instead, because two coins equals double the chances of the machine jamming up if something goes wrong. So, while many people here "think" I've got the wrong idea with halves, these are facts I'm speaking. The half has become a good and potential workhorse coin for the future, and the Dollar Coin Alliance agrees with me 100%, just as I agree with their argument for a dollar coin, a $2 coin, no more $1 and $2 bills, and we also agree to possibly a $5 coin and no more $5 bills and no more pennies, and possibly no more nickels.
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Pillar of the Community
United States
511 Posts |
Don't buy the government's line about drug dealers and criminals using cash as a reason to not issue larger bills. Lots of honest people prefer cash and don't want every transaction recorded.
Think about it. Why is the $100 bill of today worth less than the $20 of 1970 in spending power? Blame the biggest criminal of all - those who create fiat (unbacked by gold or silver) money out of thin air. As Ron Paul told Ben Bernanke "You're the biggest counterfeiter around."
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Pillar of the Community
United States
621 Posts |
"even if we had just Half Cent coins like we used to here in the U.S. and used only those and no higher denominations, drug dealers would find a way around that. " that doesn't mean we should make it easier for them to do so. the harder it is the more likely you are to get caught. compare difficulties in say smuggling out 2 million Half Cent compared to a single $10,000 bill.
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Pillar of the Community
 708 Posts |
Quote:that doesn't mean we should make it easier for them to do so. the harder it is the more likely you are to get caught. compare difficulties in say smuggling out 2 million Half Cent compared to a single $10,000 bill. It doesn't matter how easy it is for them. We should be MORE concerned for the GOOD people who will use large denominations with GOOD intentions. I don't care if we make a one million dollar bill for drug dealers and money launderers to use. (Of course, I would never see or even hold a $1,000,000 bill) And who cares if they get caught or not? Save the space in jail for murderers, terrorists and rapists and the like, and just let the druggies have their fun for all I care.
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Replies: 34 / Views: 5,863 |