Posted on 04/04/2024 1:19:18 PM PDT by Responsibility2nd
~snip~
As part of a longstanding campaign to stop printing and even recall existing $100 bills, the New Republic wrote, “Benjamins are the favorite currency of criminals and almost no one else.”
Rich tax evaders, corrupt foreign officials, money launderers, counterfeiters and other bad actors hoard them, but the law-abiding masses rarely use them except for overseas travel or special occasions.
As far back as 1976, an economist named James Henry called for an end to the $100 bill in an article in The Washington Monthly because — even nearly a half-century ago — it was the preferred currency of organized crime and tax evaders almost exclusively. In 1945, the Treasury stopped printing $500 and $1,000 bills; and, in 1969, it recalled all remaining $1,000 bills, $5,000 bills and $10,000 bills because of their overwhelming prevalence in money laundering.
That leaves just the mighty C-Note at the top of the hill.
In short, there’s no bill quite like the Benjamin, and asking a bank for one isn’t like asking for any other denomination. Here’s when to avoid doing so.
(Excerpt) Read more at news.yahoo.com ...
My ATMs issue $100s.
What better way to buy a tank of gas to get the ca$h price?
The gas station cash drawer has a dedicated bay for 100s.
Let’s Go Brandon!
Any time I go to a gun show I have a pocket full of 100s, and no one has ever complained.
If you see masked men
running out of the bank
with heavy bags full of $100 bills
and jumping into a waiting car
and taking off speedily,
followed rapidly by a police car,
siren blasting,
then your bank is probably out of cash...
The $100 bill is the new twenty. Time to start printing $500 and $1000 bills again.
HMB:
“The $100 bill is the new twenty”
bttt
Problem is the Suspicious Activities Report regulations were created in 1992, and $10,000 then is equal to $22,471 today.
Another way to put it is that a $10,000 threshold today would have been $4,500 in 1992.
If you are gonna get ‘stuck’ losing a bill cause it is deemed a counterfeit bill, its better that you lose one bill and let it be a $20 not a $100.
We have no way of telling if a bank ATM dishes out a counterfeit anything do we ?
I get them out to make cash payroll for restaurant employees who don’t have/don’t want checking accounts. There’s a whole cash economy out there.
I also make a point of racking the slide of my weapon as I get into the car after getting the cash.
oh please thats only 4 happy meal combos
Check
It’s time to bring back the $1000, $5000, and $10,000 bills.
A $100 won’t get you out of the grocery store, or gas station anymore.
I used to carry 3 or 4 twentys around for pocket change, now, it’s 5 or 6 C-notes to do the same commerce.
Getting rid of $100 bills because criminals use them is like getting rid of wrenches, because criminals use them..stupid.
I have an account at a Federal Credit Union and regularly take out $1000+ cash in $100 bills with no problem. Occasionally the tellers drawer is a little short and she asks me if I need all hundreds which she can get from the teller next to her or if $50’s will do. I just take the $50’s since it’s no big deal.
There’s a 500 Euro note.
Actually, 1964.
Yes, Zimbabwe money
I’m in a rural county. If you have someone do something, they usually want cash. Lots of people, even those running service companies, don’t have bank accounts so they have to pay to cash a check. The guy who delivered 32 yards of road base wanted cash. (Long sigh.) All my neighbors were standing around. We were doing the road. I went in and got the money. Mostly hundreds, but the last fifty was made up of two-dollar bills and those gold dollars nobody liked. One of the neighbors said, “Why do you have so much cash.” I said, “It’s my Joe Biden is president stash.”
bttt
$100 today buys what $10 bought in 1960.
~~~
Right?
If we get another 4 years of Biden, the 100$ bill will be equivalent to a what the 20$ got you in 2019.
I can see why money launderers wouldn’t want small bills. Difficult to transport or conceal in large amounts.
Should be a problem for org.crime these days. Just use crypto.
Not hard to get $100 bills though. Casinos love to dispense them.... probably for the very same reason. They don’t want to have to keep restocking cash machines with small bills all day long.
The only time I ever have $100 bills is when the bank handed them to me.
This article makes some statements that the average person is never going to know and no bank is ever going to tell you over the phone.
If you want $100 bills in any reasonable amount (I got mine when I did a private transaction for a motorcycle) the bank should be able to accommodate you. If you walk in looking for $20k in 100s, the bank is going to tell you to come back later. And even then they won’t want you walking around with it.
But if you want a $100 for a graduation present, any bank that can’t or won’t provide that…should not be your bank.
I prefer 75’s.
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