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Harvard Economist: US Should Phase-Out All Currency Larger Than $10 Bills
CNSNews.com ^ | September 16, 2016 | Barbara Hollingsworth

Posted on 09/17/2016 8:51:54 PM PDT by Tolerance Sucks Rocks

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What better way to control every aspect of one’s life, than to have to get the government’s permission to by anything.

Piss off the government, and you starve to death.

Mark


21 posted on 09/17/2016 9:12:37 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Tolerance Sucks Rocks

Actually quite the opposite...with Janet Yellen & The Fed around...we need to bring back the $500. & $1K bills!! $15 hamburgers and $30 meals for 2 at Denny’s are just around the corner!


22 posted on 09/17/2016 9:12:38 PM PDT by Drago
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To: Tolerance Sucks Rocks
“Every transaction inevitably leaves a trail. Cash doesn’t,” he said.

Precisely! I haven't been leaving a trail for years and don't plan on starting anytime soon. Screw Rogoff. Screw the Federal Reserve.

This is not a problem. Instead of paying for something that costs $800 with eight $100 bills, I pay with 16 $50 bills. It penalizes the seller a whole lot more than it does me.

23 posted on 09/17/2016 9:13:19 PM PDT by upchuck (Proud member of the 50% in the deplorable basket. Go Trump/Pence!)
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To: Tolerance Sucks Rocks

Oh, criminal. Like if I needed to make a backroom deal with Iran?


24 posted on 09/17/2016 9:13:33 PM PDT by DesertRhino (Dogs are man's best friend, and moslems hate dogs. Add that up....)
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To: Tolerance Sucks Rocks

Harvard economists should be phased out completely.


25 posted on 09/17/2016 9:15:29 PM PDT by VideoDoctor
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To: goldstategop

It’s those bank charges.


26 posted on 09/17/2016 9:18:31 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Tolerance Sucks Rocks
Image and video hosting by TinyPic
27 posted on 09/17/2016 9:19:25 PM PDT by Tawiskaro
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To: Tolerance Sucks Rocks

It’s hard to stash $5,000 in small bills, under the mattress.


28 posted on 09/17/2016 9:21:02 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class.)
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To: Tolerance Sucks Rocks

Looks like they got the idea from the EU and their banning of €500 bills.


29 posted on 09/17/2016 9:24:47 PM PDT by Olog-hai
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To: Tolerance Sucks Rocks

The Council on Foreign Relations crowd making waves again.

.


30 posted on 09/17/2016 9:25:23 PM PDT by Mears
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To: Tolerance Sucks Rocks

Rogoff can ‘eff off.

I hope President Trump brings back the $500 bill and the $1,000 bill.

They had those denominations in the 1960’s, when the purchasing power of the dollar was far greater than today.

A cashless society would be tyranny and the ushering in of the final days.


31 posted on 09/17/2016 9:30:24 PM PDT by july4thfreedomfoundation (You can't spell TRIUMPH without TRUMP)
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To: Tolerance Sucks Rocks

Of course the leftists want transactions to be electronic, so they can be tracked. I use cash, almost always. I always tip in cash.


32 posted on 09/17/2016 9:33:39 PM PDT by ThunderSleeps (Stop obarma now! Stop the hussein - insane agenda!)
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To: Tolerance Sucks Rocks
Rogoff wrote: "...And if the government can collect 15 percent of taxes that it is not getting, you could cut everybody’s taxes."

Dumber than one of Bill Clinton's bimbos.

I would enjoy watching Sergeant Donny Donowitz explain to this Brownshirt how dumb he is.

33 posted on 09/17/2016 9:34:04 PM PDT by kiryandil (m)
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To: Tolerance Sucks Rocks
1,5,10,20............would work.

Can't get rid of 20's...

Why not...cuz that's what the ATM feeds ya.

34 posted on 09/17/2016 9:34:25 PM PDT by Sacajaweau
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To: goldstategop

Me, too. Most everything goes onto Discover for the cashback, and the full balance is paid electronically and automatically every month.


35 posted on 09/17/2016 9:34:43 PM PDT by sparklite2 (The game overs whether you play it or not.)
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To: Dilbert San Diego

On the surface your post would be taken as tongue in cheek.

But in fact, that is *exactly* where they are going with this.

Cash is simply the avenue of least resistance/first attack.
The ultimate goal is now as it always has been -
total control of everything and everyone.


36 posted on 09/17/2016 9:35:31 PM PDT by shibumi (Dancin in the Dark with Tramps in the Park, I'm the Fleetfoot VooDoo Man)
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To: Tolerance Sucks Rocks
Harvard Economist: US Should Phase-Out All Currency Larger Than $10 Bills

I am in 100% agreement with this but for a completely different reason.

I lived in Japan and their paper notes start at 1,000 yen. From there it went to 5,000 yen notes to 10,000 yen notes to 100,000 yen notes and I believe the next one was 500,000 yen note. How high they went I do not know.

All I know is it saves a lot of money by having more coins and less paper.

BTW, when the Japanese check out they almost always pay the exact amount. If the price is 1,272 yen they pay out the exact amount. Who wants to walk around with a pocket full of change?

I think there was a 50,000 yen note but I'm not sure. It's been awhile.

37 posted on 09/17/2016 9:46:03 PM PDT by BBell (calm down and eat your sandwiches)
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To: goldstategop

And then hackers will empty your bank account.


38 posted on 09/17/2016 9:48:16 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Parley Baer

From what I understand the Clintons now are.


39 posted on 09/17/2016 9:55:40 PM PDT by enduserindy (Republican's have sold the path, not lost it.)
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To: Tolerance Sucks Rocks

getting rid of cash without replacing it with some decentralized replacement ... and they’re have full control over your money.

your money for forever be in their control.


40 posted on 09/17/2016 10:00:19 PM PDT by sten (fighting tyranny never goes out of style)
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