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Printing record amount in $100 Bills fuels Drug, Illicit Arms Trade and Tax Cheats

 
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User ID: 1368022
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12/04/2012 10:58 AM
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Printing record amount in $100 Bills fuels Drug, Illicit Arms Trade and Tax Cheats
There always seems to be a consequence to things.

[link to blogs.marketwatch.com]

The U.S. government printed 3 billion $100 bills in the 12 months ended Oct. 31, according to a Tuesday note from Nicholas Colas, ConvergEx Group chief market strategist.

That’s 100% more than the average production of $100 bills over the past 5 years, and 50% more C-notes than $1 bills printed in the same period, according to Colas.

Hard cash holds a special place in global finance as the preferred mechanism for drug, illegal arms and tax evasion transactions, Colas notes and $100 bills are the preferred denomination. While the use of smaller denomination bills has fallen in recent years with increased use of credit and debit cards, demand for $100 bills appears to be growing.
"Fiery the Angels rose, & as they rose deep thunder roll'd
Around their shores: indignant burning with the fires of Orc" - William Blake, America a Prophecy
(...also misquoted in Blade Runner by Roy Batty)

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12/04/2012 11:16 AM
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Re: Printing record amount in $100 Bills fuels Drug, Illicit Arms Trade and Tax Cheats
Digital currency propaganda....


.. and when the digital currency is here, there will still be drugs, illegal arms, etc.

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