Proposal to eliminate the $100 bill
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- Expatriate
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Re: Proposal to eliminate the $100 bill
Want to own a bank? You don't do it through deposits - you do it through borrowing. Borrow a few grand and the bank owns you; borrow billions and you own the bank. It's always been that way. No matter the infantile arguments of conspiracy theorists...Jamie_Lambo wrote: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? lolTheGrinchSR wrote: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.beaker wrote:The government has nothing to say about it the Federal Reserve a private Bank controls thatTheGrinchSR 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.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
Re: Proposal to eliminate the $100 bill
Maybe you should try to google instead of insults
"i'm the one who has to die, when it's time for me to die, so let me live my life the way i want to"
jimi hendrix
jimi hendrix
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Re: Proposal to eliminate the $100 bill
Maybe you should stop bleating conspiracy theories and get a life? Google is only useful as a tool if you have the intelligence to interpret the data. When you start believing that the $100 bill will disappear because "Google" - you have serious issues in your life. I know it's the Cambodia expat syndrome; slow news week - start investing your soul into whatever kind of stupidity is trending on Twitter.beaker wrote:Maybe you should try to google instead of insults
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
Re: Proposal to eliminate the $100 bill
Never said thatTheGrinchSR wrote:Maybe you should stop bleating conspiracy theories and get a life? Google is only useful as a tool if you have the intelligence to interpret the data. When you start believing that the $100 bill will disappear because "Google" - you have serious issues in your life. I know it's the Cambodia expat syndrome; slow news week - start investing your soul into whatever kind of stupidity is trending on Twitter.beaker wrote:Maybe you should try to google instead of insults
I said the federal reserve bank controls the US currancy not the government.
"i'm the one who has to die, when it's time for me to die, so let me live my life the way i want to"
jimi hendrix
jimi hendrix
Re: Proposal to eliminate the $100 bill
We're almost a cashless society already in the Western world. Not sure if that's a good thing or a bad thing, although so far it's quite convenient. As hackers get more advanced, bank accounts and debit/credit cards will be even less secure. It doesn't bode well.
¯\_(ツ)_/¯
- Jamie_Lambo
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Re: Proposal to eliminate the $100 bill
the thing with banks is that you are borrowing money that doesnt exist, they are just numbers on a computer screen, that is why the banks own you, they make money through interest, there is always only one winnerTheGrinchSR wrote:Want to own a bank? You don't do it through deposits - you do it through borrowing. Borrow a few grand and the bank owns you; borrow billions and you own the bank. It's always been that way. No matter the infantile arguments of conspiracy theorists...Jamie_Lambo wrote: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? lolTheGrinchSR wrote: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.beaker wrote:The government has nothing to say about it the Federal Reserve a private Bank controls thatTheGrinchSR 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.
Mean Dtuk Mean Trei, Mean Loy Mean Srey
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