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Posted on 08/07/2025 6:39:42 AM PDT by delta7
Rumors are circulating that the United States may begin to print $500 bills. The US Bureau of Engraving and Printing began printing $500 bills in 1861 until 1945, formally discontinuing them in 1969 when Nixon moved to close the gold window. The US Treasury has since required banks to send all $500 bills back to them to be destroyed, as the government claimed higher-denominated notes paved the way for criminal activity.
Collectors know that the US Treasury issued $1,000, $5,000, $10,000, and even $100,000 notes once upon a time. The $100,000 bill featured President Woodrow Wilson and was issued as a gold certificate from 1934 to 1935. That particular bill was not publicly circulated.
No citizen needed to use such currency in day-to-day transactions. The $10,000 note was primarily used for transactions between domestic Federal Reserve Banks, as digitalization had not yet occurred, and they needed an efficient way to move capital.
The rumors about the $500 bill’s revival are not wholly unfounded. Rep. Paul Gosar (R-Ariz.) introduced a bill in 2024 to reintroduce the $500 bill, replacing William McKinley’s image with Donald Trump’s. This was more than political pandering; besides, Congress would certainly never approve of a note featuring Donald Trump’s image. However, the government could be enticed to reintroduce higher-denominated notes due to INFLATION. This is precisely why the penny will be discontinued, as it represents absolutely nothing and is a reminder that our currency is becoming increasingly devalued.
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A new $500 bill would mirror historical currency debasement as we saw in Rome under Diocletian, for example, which comes before a collapse. Printing higher-denomination notes is not just a reflection of price increases, but a sign that the people are losing trust in the value of the USD.
Now, even the highest-denominated cash note will not get one far, paving the way for digitization as cash becomes an inconvenient burden. If the US were not eager to digitize banking, we would undoubtedly see higher-denominated notes in circulation once again to mask the effects that inflation has had on the value of the dollar.
America has never canceled its currency, and all of these notes are still deemed legal tender, although they are far more valuable to collectors than their face value. The Federal Reserve does not currently have plans to print the $500 bill despite rumors.
The goal is to move the nation to digital currency, and cash is becoming increasingly worthless in transactions. Still, providing a limited-edition $500 note would not be unheard of in today’s economic landscape.
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No scamming here, I will take a minute to spoon feed you to.
Pull up HR 8620. Read what it says, more than once if you must…then get back with us.
While you're taking your minute to be snotty, you COULD take the extra 4 seconds of effort and copy-n-paste it yourself...
H.R.8620 - TRUMP Act of 2024
Official Title as Introduced
To amend the Federal Reserve Act to require the Secretary of the Treasury to print $500 Federal reserve notes featuring a portrait of the 45th President of the United States.
Stop printing 1 and 2 dollar bills. Use coins instead. They last a hundred times longer......................
I did some quick searching and I cannot find any mention of the 500 dollar bill even being rumored to begin printing again.
the Euro is currently worth more than the dollar and they have in circulation both 200 and 500 euro bills.
> They are just preparing us for when the US dollar hits Argentina levels of devaluation… <
You might be right. The United States will not default on its sovereign debt. So the only way out is allowing hyperinflation.
Hmm… there is a third alternative: Confiscation of wealth to pay down the debt. I suppose we could see that under a communist President like AOC. Unlikely, though.
Yes. Eventually. Duh. Mathematically impossible to NOT get there after a few thousand years or so. Why? Do you WANT zero growth in wealth or population or productivity for centuries on end?
I’m sure counterfeiting nation states will love this.
Image trying to tender a $500 bill, most places pitch a fit over a $100 bill...seems to be a fool’s errand.
This is stupid. The government want to move us AWAY from cash
I actually like keeping the penny in circulation for that very reason. People need a reminder of how bad inflation is.
Some years ago, I got a VERY substantial discount from a small repair shop for paying in cash.
This is stupid. The government want to move us AWAY from cash
I would assume the main concern with a $500 or $1,000 would be counterfeiting.
I don’t see the need. I rarely use $100 bills.
I run the ArmstrongEconomics scam site.
The worth of my advice can be measured by my three bankruptcies and losing over $700,000,000 of my clients' funds in bad trades.
That failed ponzi scheme got me eleven years in the federal pen.
signed, Martin Armstrong
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