Proposal to eliminate the $100 bill

obelisks · Post by **obelisks** » Thu Feb 18, 2016 4:10 pm

There is growing anxiety backed by solid evidence that those in power are trying to speed up the process of introducing a cashless society. I am firmly with those that oppose this for a whole host of reasons which are basically covered in the article below-the ban on cash is coming.
But the critics see the first stages as being increasing voices to totally eliminate currency in big denominations such as €500 and now the $100 bill. (See that article below also)
how would this impact Cambodia if the $100 was eliminated?

It’s time to kill the $100 bill
It's time to go after big money

https://www.washingtonpost.com/news/won ... -100-bill/

The ban on cash is coming. Soon.

https://www.sovereignman.com/trends/the ... soon-18687

TheGrinchSR · Post by **TheGrinchSR** » Thu Feb 18, 2016 4:26 pm

It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.

phuketrichard · Post by **phuketrichard** » Thu Feb 18, 2016 4:28 pm

when i worked in Europe the preferred currency was the 1,000 Swiss frank note
Hated those fucking 50 lbs english notes

http://www.theguardian.com/business/201 ... ional-bank

at least the swiss have it right;

The bank's policy, he added, was that the size of a banknote had no impact on efforts to combat crime.

still have some laying around but their the old ones and i need go to Switzerland to change them to the new notes

beaker · Post by **beaker** » Thu Feb 18, 2016 4:30 pm

TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.

The government has nothing to say about it the Federal Reserve a private Bank controls that

TheGrinchSR · Post by **TheGrinchSR** » Thu Feb 18, 2016 4:31 pm

beaker wrote:
TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.
The government has nothing to say about it the Federal Reserve a private Bank controls that

Perhaps in Pixie Land that is true but in reality if a private bank fucks with the stability of the USD - they'll soon find themselves under government direction like it or not.

obelisks · Post by **obelisks** » Thu Feb 18, 2016 4:47 pm

TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.

I think you are very wrong! the Federal Reserve has acknowledged that negative interest rates are being seriously considered (after raising them by quarter of a percent which proves it's all a charade). in fact they want and need to compete with Japan and other countries that are doing this now and they know if they cut aggressively people will store their money under the mattress rather than keep it in the bank. look here they even discovered this comment in a Morgan Stanley document last week

Something Very Disturbing Spotted In A Morgan Stanley Presentation

“ we should move quickly to a cashless economy so that we could introduce negative rates well below 1%”

http://www.zerohedge.com/news/2016-02-1 ... tion-slide

obelisks · Post by **obelisks** » Thu Feb 18, 2016 4:48 pm

beaker wrote:
TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.
The government has nothing to say about it the Federal Reserve a private Bank controls that

fully agree! The tail wags the dog

Post by **Jamie_Lambo** » Thu Feb 18, 2016 4:52 pm

TheGrinchSR wrote:
beaker wrote:
TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.
The government has nothing to say about it the Federal Reserve a private Bank controls that
Perhaps in Pixie Land that is true but in reality if a private bank fucks with the stability of the USD - they'll soon find themselves under government direction like it or not.

the banks own the government, the US government are trillions of dollars in debt to the banks, why would the banks become under government direction? lol

Post by **Jamie_Lambo** » Thu Feb 18, 2016 4:54 pm

get rid of the $100 i say, fucking nightmare trying to spend them in Cambodia!! hahaha

beaker · Post by **beaker** » Thu Feb 18, 2016 5:03 pm

TheGrinchSR wrote:
beaker wrote:
TheGrinchSR wrote:It won't ever happen. It's not in the US' interests to let it happen. While the bankers may be unaware of the rest of the world, the US government is not - the $100 bill is pretty much the defacto second currency of the world - if it went, people would start looking elsewhere. In failed states and places with sky rocketing inflation - the US dollar is a holdout currency against disaster. Then of course there's the little issue of 1 in 3 US bank notes in global circulation being fake... whole economies could collapse if they tried to withdraw the $100 bill from circulation.

The 500 Euro note is gone but the 1000 CHF and SGD notes are both still readily available. Having moved 100K Euro in 500 Euro notes out of Saudi (neatly avoiding withholding taxes along the way) - I can say that big denomination notes do come in handy at times.
The government has nothing to say about it the Federal Reserve a private Bank controls that
Perhaps in Pixie Land that is true but in reality if a private bank fucks with the stability of the USD - they'll soon find themselves under government direction like it or not.

You don't know what your talking about. The national debt is money owed to the private federal reserve bank because all the us currency is borrow from them with interest.

Proposal to eliminate the $100 bill

Proposal to eliminate the $100 bill

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