|
Pillar of the Community
708 Posts |
Has anyone else here, heard that the Euro will likely be worth, about what the U.S. Dollar is worth by some time in 2016, and the U.S. Dollar will exceed the Euro's value by some time in 2017? I saw it on the news about a month or so ago, that, by 2017 the U.S. Dollar will be worth more than the Euro.
So, what I am wondering is, will the decrease of the value of the Euro and the increase of the value of the U.S. Dollar cause the U.S. government to feel that there is no need for $200 and/or $500 Federal Reserve notes here? Or, if we issue a $200 and/or $500 Federal Reserve note, depending on how high the U.S. Dollar's value exceeds the Euro's value, would it spark interest in the Euro Zone to possibly issue an E1,000 note?
I know many people here, think we don't need FRNs larger than $100, but I still feel that, even if the U.S. Dollar becomes worth more than the Euro, we should still issue $200 and $500 FRNs due to inflation, and the fact that, $100 does not go as far as it used to and due to the fact that some of us still prefer COLD HARD CASH over credit/debit cards, and/or checks, AND due to the fact that, a $500 bill is worth less than $100 in 1969, when the $500 and up were retired. This is the same reason for eliminating the cent and nickel, and turning the $1 and $2 bills into coins. Inflation. And no, we are not going to go to a cashless society for a long time, if ever. So, as long as we are going to have a coin and currency system here in the U.S., it is far time to modernize, and catch up with inflation, and kill the cent, nickel, and quarter, $1 and $2 bills for coins, reissue the 20-cent coin, and issue $200 bills and reissue $500 bills.
This is my same old rant, I know, but why not talk about the Euro Vs. the U.S. Dollar, and what it means for the possible future of the U.S. currency system?
|