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+--- Thread: OT: if $100/$50 bill withdrawn what will remain? (/showthread.php?tid=189097)
Re: OT: if $100/$50 bill withdrawn what will remain? - rjmacs - 03-15-2016
This has less to do with domestic policy than it does to do with huge overseas counterfeiting operations. North Korea and other bad actors are expert counterfeiters, and generate lots of legitimate hard currency by selling pallets of bogus US$50s and US$100s. Cut that to US$20s and you put a major (possibly debilitating) dent in their profit margin.
Re: OT: if $100/$50 bill withdrawn what will remain? - Fred_Also - 03-15-2016
JoeH wrote:
[quote=wave rider]
I use fiftys and hundreds all the time. They do keep my wallet svelt...
Not hard to cash at most restaurants, food stores, and filling stations; stores use a special marking pen that reveals counterfeits.
The marker pens are easily fooled, and pretty much considered next to worthless by law enforcement. But they make the stores that use them feel a bit more confident.
If I give the merchant a $100 bill and they give me a couple of $20's back in change, I borrow their pen and check the $20's they are giving me back. They think I'm crazy.
Fred
Re: OT: if $100/$50 bill withdrawn what will remain? - Speedy - 03-15-2016
rjmacs wrote:
This has less to do with domestic policy than it does to do with huge overseas counterfeiting operations. North Korea and other bad actors are expert counterfeiters, and generate lots of legitimate hard currency by selling pallets of bogus US$50s and US$100s. Cut that to US$20s and you put a major (possibly debilitating) dent in their profit margin.
I think you mean "illegitimate hard currency"?
Re: OT: if $100/$50 bill withdrawn what will remain? - rjmacs - 03-15-2016
Speedy wrote:
[quote=rjmacs]
This has less to do with domestic policy than it does to do with huge overseas counterfeiting operations. North Korea and other bad actors are expert counterfeiters, and generate lots of legitimate hard currency by selling pallets of bogus US$50s and US$100s. Cut that to US$20s and you put a major (possibly debilitating) dent in their profit margin.
I think you mean "illegitimate hard currency"?
Illegitimately obtained, but genuine. I print up US$1M in counterfeit cash, sell it to you for 6.5M genuine yuan, I still end up with legitimate hard currency.
Re: OT: if $100/$50 bill withdrawn what will remain? - wave rider - 03-15-2016
JoeH wrote:
[quote=wave rider]
I use fiftys and hundreds all the time. They do keep my wallet svelt...
Not hard to cash at most restaurants, food stores, and filling stations; stores use a special marking pen that reveals counterfeits.
The marker pens are easily fooled, and pretty much considered next to worthless by law enforcement. But they make the stores that use them feel a bit more confident.
Learn something new every day! I guess that is why hundreds had that fancy redesign a few years ago...
Re: OT: if $100/$50 bill withdrawn what will remain? - Wags - 03-15-2016
https://uscurrency.gov/security/100-security-features-2013-present
Re: OT: if $100/$50 bill withdrawn what will remain? - Bernie - 03-15-2016
Enjoyed the link on currency. Kinda skipped the red and blue bills.
Re: OT: if $100/$50 bill withdrawn what will remain? - RAMd®d - 03-16-2016
The marker pens are easily fooled, and pretty much considered next to worthless by law enforcement. But they make the stores that use them feel a bit more confident.
Exactly.
The Secret Service has said they don't tell anyone not to use them, but they do say they are highly unreliable.
They think I'm crazy.
LOL!
No more crazy than them thinking the pen is going to do them any good.
Drop the penny? YES!
$100 and $50 bill? Just plain dumb!
Not being one who's got much use for $100s and $50s, I won't comment as they are not relevant to my lifestyle.
But I agree that keeping the penny when withdrawing those bill *is* dumb.
I tend to agree with dropping the nickel, but I wonder how much that would cost the consumer, over a year.
The cost to the taxpayer would be reduced, except the savings would immediately be spent somewhere else.
So no change there.
Re: OT: if $100/$50 bill withdrawn what will remain? - samintx - 03-18-2016
billb wrote:
The needs of the many outweigh the needs of the few.
You don't need big bills and you don't need a confederate flag.
Sorry, but we get to control you because you have allowed us to.
What's best for your interests is what's best for ours, whether you like it or not.
Nice state to live in, eh ?
Reminds me of APPLE. they decide what I want and don't want on my computer etc.
Re: OT: if $100/$50 bill withdrawn what will remain? - samintx - 03-18-2016
Speedy wrote:
I use lots of pennies. I would like to see the thousand dollar bill return to help samintx's wallet's bloat.
Well, I do get fresh $1 and $100 for my trips. In New Guinea I spent over an hour at a Bank trying to get NG money with $100 bills. They ended up refusing. They were pristine but too old !