Idiot. Criminals won't need to copy it. As long as this bill below remains legal tender, counterfitters will continue to copy it instead.
Posted on 01/06/2011 6:08:13 AM PST by Onelifetogive
Benjamin Franklin gets to stay. So does the official stamp of the Federal Reserve System. But the rest of the $100 bill – the most frequently counterfeited note, according to government officials – is getting a radically revamped look. On Wednesday, the US Treasury took the wraps off of a new $100 bill, which Treasury Secretary Tim Geithner says would be exponentially more difficult for criminals to copy.
(Excerpt) Read more at csmonitor.com ...
Drudge changed title to:
New $100 bill: Orange and blue colors...
I was guessing it was in honor of the Auburn Tigers! The new orange and blue bill should be called a "Cammer", as in "He slipped me a wad of Cammers to play football for his school."
Does that mean that they decided to keep all the millions printed with that special fold defect?
The main problem with this is that it is getting difficult to remember what an honest bill should look like.
I'm not sure. All of the articles referencing that are about a month old. No updates.
Maybe they found a way to mechanically sort them...
“orange and blue bill’
Denver Bronco fans, obviously. :)
Idiot. Criminals won't need to copy it. As long as this bill below remains legal tender, counterfitters will continue to copy it instead.
Geithner likes it so much he has decided to not pay his taxes with it.
I think they do this to make problems for criminals and foreign governments (often the same thing.) Bill go out of circulation quickly. When a bank pulls one of the old bills in, they are supposed to remove it from circulation andreplace it with a new one. So, in a matter of months, there are only new bills circulating and old bills stashed away by criminals. The changeover forces them to un-stash their loot and risk exposure (or risk it becoming worthless.)
In this age of electronic money, why are we printing $100 bills at all. Ordinary people do not carry them...(I prefer 50’s). In fact, why are we printing any bill over $50.
For retail stores, all it has to do is pass the marking pen test.
Speak for yourself. I’m not properly dressed without more than one C note in my pocket.
Do we really need $100 bills?
Really, who uses them regularly?
I never let the bank give me one. The only times in my life I’ve used a $100 bill is when someone paid me back for something I purchased for them, and I always ask “don’t you have something besides a hundred?”
We jump through all these hoops because the $100 bill is the choice of drug dealers and counterfieters, but why? If I never saw a hundred again it wouldn’t bother me at all.
They make the big bills for the amish so they don't have to carry around a lot of bills around in their pockets. < /s>
People who pay other people who only take cash, e.g. $5,000 for a piece of equipment. I’m relatively lucky that I can write checks at the flea market and someone will vouch for me (since he has cashed many thousands of dollars worth of my checks). OTOH, I would rather pay in cash if possible so as not to give away my checking account #. The difference between that and people buying Chinese made crap with a credit card at Walmart is that the stuff at the flea market is actually worth the cash people are exchanging for it.
In the country, all ordinary people carry large bills.
LOL, I was just in Bird In Hand PA last week. I bought some hand tools from an Amish establishment and was astounded to discover that they took plastic. No light, no parking for cars and no heat (the store was in a barn), but there was a nice cash register and card swipe system!
BTW, the new bill is hideous. And the tools are very nice. Old US-made implements from the fifties. The Amish don't rotate stock much.
What’s worse, counterfeiting or gomt printing?
So a smaller wheelbarrow needed when Chairman Ben keeps making money out of thin air.
Seriously, I might have a couple left over from when I made my "run on the bank" back in 2008. I would hate to have to keep them as smaller bills. The same argument was used to eliminate every bill over $100.
One time after a bill change I had a mix of old and new $100 bills to deposit (Vegas was not nearly as hostile to my wallet as usual). The teller put the old ones and new ones into different piles while counting them until I made a smartass comment about shredding the old ones. For some reason the bank was very sensitive about revealing that the old ones were being removed from circulation once they hit the bank.
I suggested years ago that to undo the "underground" economy (drug dealers, etc.) all they had to do was replace the currency unannounced, with a short time limit after which the old would be worthless. Maybe exceptions made for a stash hidden away by grandpa found after his demise, provided he was a non-criminal. The bad guys would have two choices: turn it in, in bulk and expose themselves to scrutiny, or hire lots of people to make small exchanges for them.
But we've always known about the changes well enough ahead that the criminals get a leg up.
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