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 ...
There are times when hundred dollar bills are useful and necessary. If your bank can’t accommodate your request, find a bank that can.
There’s a reason Zimbabwe went to trillion-dollar notes. And it wasn’t crime unless you count government crime.
I can pop them out of my ATM
(Stay Away When the Bank Is Low on Cash)
How do you know when you pull up to a bank that it’s low on cash? It’s not like they have a sign out front saying so.
The only problem I have with hundred dollar bills is that they stick together too much.
$100 today buys what $10 bought in 1960.
Banks are like many water districts, if everyone waters their lawn at the same time they run out of water.
Same here. The bank ATMs put out hundreds unless you ask them not to.
What’s the problem? They are only worth 50 bucks...
100 dollar bills will buy a couple of loaves of bread and a McDonalds meal. Bank tellers are not financial whizzes.
The banks are required to have Joemeters displayed on their front windows, now.
Ditto. In fact I get angry when the ATM is out of C notes and I get a fat stack of $20s. C-notes are as common as $20’s were a few years ago because ... inflation.
My Credit Union’s ATM dispense $100 bills if you ask it to.
-PJ
Oh great. Another thing honest people get targeted for by the Feds. Some people keep 100s as emergency cash. Or if you are going to buy something from a private party like a car or motorcycle or furniture, etc. Are we supposed to carry piles of $20s? I’m sure they’ll go after 50s next.
"but the law-abiding masses rarely use them except for overseas travel or special occasions"
That is not true.
People driving across country, now carry bills to pay for fuel - because now, the chances of your credit card failing for some reason, is higher (somewhat because, "you are not using the card where you normally do").
And there are a lot of people on the road.
Plus, prices are up, and many cash purchases by people still working, are $150.00 or more, when they visit the store for supplies, for family and home.
IOW: INFLATION.
I can’t give this article much credibility. I used a $1000 bill to pay for one of my early teenager cars, in the late 1980s. Granted, it was rare, but not unheard of. So I can’t give much credence to a claim that all $1000 bills were pulled out of circulation back in the late ‘60s.
I always ask for $50’s......................
Lol
That makes sense 😃
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