Posted on 09/25/2022 8:42:43 AM PDT by EBH
C3PO...lol
The Brandon thing is over with.
The banks will also report you if you make closely spaced cash deposits, each under the $10k cash deposit reporting limit, in what seems to be an obvious effort to avoid the reporting requirement.
Say, six $8k cash deposits and a $2k cash deposit on successive days, instead of a single $50k cash deposit.
The practice is called “structured deposits” and that will also rate a visit from the FBI, DEA, or their state/county/city equivalents.
A lot of small, service type businesses run afoul of this rule if cash makes up a lot of their revenue flow. Due to the money grabbing incentives created by Civil Asset Forfeiture laws, law enforcement is quick to allege illicit activity as the source of the cash and very reluctant to return it when it isn’t.
Indeed. In Japan, they are a major part of people's savings.
I do kinda wish I'd bought about $1000 of stamps when they first starting issuing 'forever' stamps. They'd be worth a small fortune now.
Paper on the left, polymer on the right.
Oh Great. How long until 0’Biden does this?
And I bet that anyone who trades in more than a few of them will be investigated (or just confiscated without benefit of trial) assuming that having cash means you are a criminal.
The next step after polymer bills is silicon... not bills, but computer chip, embedded in your hand or forehead.
Won’t happen here too many politicians have cold cash in the freezer.
No, old obsolete notes have always had their legal tender status removed once sufficient new notes have been issued. This is nothing new.
Be a sad day for me when the final banknote featuring Queen Liz is removed from circulation a few years down the line.
What a misleading headline ! Geez.
There will will be 20 and 50 pound notes.
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