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 ...
These people want to get rid of cash entirely on the pretext that criminals use it - the real reason being because normal people use it in ways the government can't see and control.
Hogwash!
Never have a problem at BOA getting c-notes...
The good news, those pallets of cash going to Iran would have to be huge to haul all of those $20s.
The $100s are going to Iran - that's why they're pulling them out of circulation. Iran probably has all of the remaining $1,000s already. :)
The only problem I have with $100 dollar bills is that I don’t have any…..
The only problem I have with hundred dollar bills is that they stick together too much.
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Don’t let that bother you because very soon, probably within a year, all U.S. currency will no longer be legal tender. IOWs, none of it will be worth a plugged nickel. How so? Because the United States Government is about to introduce CBDC Central Bank Digital Currency which will require that your every financial transaction will be processed through your government-issued digital account number. That account will also have your unique “social credit score”. Based on everything you do a personal social credit score will enable virtually all businesses, governments, and other institutions to deny any transaction you request if your social credit score is deemed unacceptable.
What was the outcome — who was out the $100
Could you prove it came from the bank ?
That was the only time I have ever seen a million dollars in cash.
“”””There’s a whole cash economy out there””””
Including a Georgia drug pusher busting DA.
Leave Benjamin Franklin Alone!!!
-PJ
I just went into my bank unannounced at a ‘peak banking hour’ and got a few thousand in cash, some of it in hundreds. Mentioned I was going to an island deep in the Bahamas where American money is preferred and many businesses don’t take credit cards because the internet is so iffy about working.
Teller didn’t even blink.
Yeah, that too.
Back in the late 70s $20 bill to get me a half gallon of Bacardi Rum with Coke to mix with, fuel in the car for the next week to get to and from work and still have enough left over for hamburger and fries.
Lived a house with three other guys and we never we’re out of food or beverage we would buy eight or 10 gallons of milk at one purchase and we had a refrigerator just to put that in and we had another refrigerator for beer and wine. Both of those are the old round top Kelvinator brand and we had a big over under refrigerator freezer in the kitchen with food and stuff in it and we each kick in $100 a week for groceries and we come out of the grocery store with paper bags back in those days and we have 15 or 20 maybe 25 bags of groceries and it wasn’t junk food and we had a little bit of money left over to buy stuff.
If I don’t specify 50’s my bank always gives me C notes.
And in 1960 you could buy a real meal with loose change, the real silver and copper and nickel coins in your pocket.
Today all our coinage is debased, even pennies and nickels.
Bull.
Took the family (eight people) out to a nice birthday dinner and needed three hundreds to cover the bill.
A weekly trip to the grocery store is a couple of hundreds.
And no my credit union has never asked that I "call ahead" for when I want to take out five or six hundred. Because unlike what ever low rent, paycheck advance, money laundering facility this nitwit works at they are a properly run business.
Today 100 is yesterday’s 10 or 20.
In the 1976 twenty and a tip. Now a 100 can’t do that.
It’s a bank problem.
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