Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
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.
10000dollarbillUSD
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.
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
“Maybe Armstrong has a special insight into financial matters.”
His partner in crime testified that flipping a coin would do better than Armstrong!
The phrase “Martin Armstrong flipping a coin” likely refers to a comparison made by others about his investment strategies. It’s a metaphorical expression used to suggest that his predictions or investment decisions are no more reliable than a random coin flip. This is based on his past controversies and the perception that his predictions are often inaccurate.
Here’s a more detailed explanation:
Historical Context:
Martin Armstrong is an economist known for his economic forecasting model and his involvement in a complex legal case involving allegations of a $700 million Ponzi scheme and hiding assets.
The Criticism:
Armstrong’s predictions have been criticized as unreliable and likened to a coin flip. According to the Department of Justice (.gov), Jim Rogers once remarked that “a doofus flipping a . . . coin every day” would have more success than Armstrong’s strategies.
The Coin Flip Analogy:
This analogy suggests that Armstrong’s predictions lack a solid foundation and are no more likely to be correct than a random event like a coin flip.
Armstrong’s Background:
While he has a history in the coin and stamp business and later focused on commodities, his career has been marked by legal troubles and accusations of fraud.
https://www.google.com/search?q=martin+armstrong+flipping+a+coin
“I did some quick searching and I cannot find any mention of the 500 dollar bill even being rumored to begin printing again.”
Delta7 posts what the MSM won’t print!
https://freerepublic.com/focus/news/4304515/posts?page=40#40
GEEZ ...
Once again Armstrong/Delta7 posts garbage. He cites a 2023 date but the same “news” surfaced in 2017 and was debunked then.
40 posted on 3/15/2025, 10:47:01 PM by TexasGator
I have a 100 trillion dollar note from Zimbabwe.
Mark Twain had a story about that.
Slowly, then all at once.
Those Zimbabwe One Hundred Trillion Dollar notes have actually increased in value
I saw one in mint condition on sale in a London antique shop for $15, so I bought it for my collection
$15 is certainly more than it was worth at the time it was issued!
The G-note is the new 20.
If we’re going to print $500 bills, the face on the bill should be Barry Goldwater with the words, “I told you so, but you wouldn’t listen.”
I sure miss the $1000 bill that was available until the 1980s and early 1990s...
My local BOA would sometimes require a 2-3 day request lead time to acquire them for issuance...
Ironic that Woodrow Wilson was on the $100,000 bill.
I worked in banking. Back around 2006, had a lady come in one day and she deposited cash. When counting it out, there was a 1934 $500 bill in it. I mentioned to her that she was depositing a $500 bill and that they were no longer in circulation. She said, “I know. I have more of them at home.” The older tellers told me they had never seen one before. Needless to say, afterward I had a $500 bill that cost only $500. It was worth a whole lot more.
The constitution permits the individual states to *mint* specie based (gold and silver) coinage. But there should be a twist. Instead of valuing coins less than the value of the metal they contain, their face value should be substantially more.
For example, the current value of 1 ounce of gold is $3,385.90. So the value of a 1 ounce gold coin should be say ~$5,000.00
The current value of 1 ounce of silver is $38.11, again the face value should be ~$100.00.
The US states should mint coins of very high purity, laser engrave them (like Canada does), then seal them in packages to protect them.
Cue the song for this thread.
“I Wanna Be Rich”
by Calloway
https://www.youtube.com/watch?v=PFytMWVgB_U
Hey buddy you got change for a $500?
The Chicago mob will be printing their own in no time.
Cuz du pUbLiC ScHuL WuNT Nu du difReNt AnYwayz.
GOt me a 500 fIr McDuNaLds
A $10 silver certificate would need to be reissued as a $300 FRN at the current market price of silver. So it’s $300 that that 1965 tender is worth today, not $100.
A $10 1928 gold certificate would need to be reissued as a $1600 FRN at the current world price of gold.
Your 1928 dollar is worth less than a penny. Your 1965 dollar is worth about 1/3 of a cent.
I am in favor of the $500 dollar bill—But Not with Trump’s Face. I believe only dead presidents can be used—Maybe Ronald Reagan? I think we need a five dollar coin—the size of an old 50 cent piece. To be used in vending machines. Who should be on the coin? Maybe Trump after he has gone to his reward?
Back in my early days as a bank examiner (early 1980s), we physically counted the vault of a relatively large bank (at the time) in a southern city. That was still a time when the banks still physically exchanged cash letters to accomplish check clearing operations. One cash letter would normally be larger than the one exchanged and they used very large bills to settle the difference.
For that reason, banks kept some sizeable bills in their vaults. On that cash count I mentioned above, I held a $100,000 bill in my hand for the only time in my 25-year examiner career. No cell phones then or I would have taken a picture.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.