New $200, $500, & $1,000 Federal Reserve Notes - Page 3

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justin3651 Pillar of the Community United States 621 Posts	Posted 09/28/2013 04:14 am "It doesn't matter how easy it is for them" I beg to differ. the harder it is the more likely we are to catch them at it. "who cares if they get caught or not? " Me and most of the public at large id imagine, what is the point of having laws if we refuse to enforce them? " Save the space in jail for murderers, terrorists and rapists and the like" semi-agree. major traffickers who do it solely for profit cant be treated in a non-prison alternative. most drug offenses should result in treatment and maybe a little county jail time and not prison. "let the druggies have their fun for all I care." you have no idea how addictive some drugs(meth,crack,heroin,etc) are I think with all due respect. they can hit anyone too. once those addictions start and they've sold everything they own and any money they had whatsoever they will soon begin crimes like burglary and shoplifting up to robbery and murder to feed their addiction. Some drugs I believe should be acceptable as alcohol and tobacco is and legal with reasonable restrictions. ultimately though the criminal activity generating the money is moot imo. Edited by justin3651 09/28/2013 05:19 am Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 09/28/2013 09:23 am Actually, after thinking about it, I think larger bills can deter money laundering. There would be more scrutiny over $500 bills. There would be less of them which makes them easier to track. Then gangsters would want their money cleaned because they need smaller bills anyways. And think about this: would a meth-head have wads of $1,000 bills to pay for his/her habit? No. Usually a buy is under $100 and remember that drugs impoverish the addicted. So all money collected are small bills, they get gathered and used to pay the person higher on the chain. Large bills come downwards, not upwards. Expect large corporations to be the first renters of this money, and possibly it may get hoarded by them anyways. Report this Post to the Staff
usc96 Valued Member United States 291 Posts	Posted 09/28/2013 9:54 pm The discontinuation of larger bills had more to do with the government's desire to monitor the money supply for taxation purposes than to give drug dealers a hard time, and that is the real reason we won't be seeing $500s and $1,000s anytime soon. That being said, I would not be surprised if the US Government has to eventually move the decimal point over two places due to what is sure to be a vicious case of inflation once the populace finally recognizes just how much debt the US Government has taken on in the last decade. Think about how great it would be if a penny or a dollar actually had some buying power. If you dropped a penny, would you pick it up? If you dropped a dollar bill and the wind caught it, would you chase it? If you dropped a $10 bill and the wind caught it and blew it off an overpass, would you jump in your car and try to find your way down to the highway to risk your life to recover it? I'm guessing the answer to all three is NO, and that speaks volumes about the current value of our money. Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 09/29/2013 4:15 pm I think with the current situation of increasing inflation that the $500 will eventually be resurected at some point in the future, whether that be 5 years or 20 years from now. The $500 of today would have less purchasing power than the $100 did back when the large denomination notes were discontinued, so the concern of the government in detering large illicit cash transactions would not really be effected in regards to the original reasoning behind their withdrawal. Furthermore the USD has been losing out in some aspects to the Euro in that for reserve currency purposes its easier (and cheaper) to keep large amounts of euros as a reserve currency as compared to the USD because of the $500 euro note. I dont think anything bigger than the $500 will return anytime soon though , unless there is a period of hyperinflation. Report this Post to the Staff
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