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Cash Is King: Printing of $100 Bills Soars

 
TechRaider
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12/21/2012 10:02 AM
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Cash Is King: Printing of $100 Bills Soars
[snip]

Part of this new demand, he says, comes from the classic nefarious sources: drug dealers, arms smugglers, tax cheats and bribes. But some of it is also due to hoarding or the fact that more people than ever, oddly enough, are losing faith in government and/or the economy and are shunning the surety of traditional investments. It's a phenomenon that's led to a huge increase in demand for gold and other precious metals, but also for — you guessed it — $100 bills.

[link to finance.yahoo.com]
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
TechRaider (OP)

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12/21/2012 11:25 AM
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Re: Cash Is King: Printing of $100 Bills Soars
A good detective always looks for a motive when beginning an investigation. And so, when Nick Colas discovered that the number of $100 bills printed last year suddenly spiked, the chief market strategist at ConvergEx Group decided to figure out what was going on.

The first thing he discovered, as we discuss in the attached video, is that "$100 bills are still wildly popular and growing in popularity." On the other hand, the use of smaller denomination bills ($1, $5, $10 and $20) has been declining for over a decade, as the number of cashless transactions has steadily gone up. In fact, in the fiscal year that just ended in October, Colas writes in a recent note to clients, the U.S. Bureau of Engraving and Printing cranked out 3 billion, $100 notes.

video link:

[link to finance.yahoo.com]
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
TechRaider (OP)

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12/21/2012 11:26 AM
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Re: Cash Is King: Printing of $100 Bills Soars
Cash Is King
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Saddletramp
We Don't Rent Pigs...

User ID: 736969
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12/21/2012 11:29 AM

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Re: Cash Is King: Printing of $100 Bills Soars
Too bad they're not releasing them...for some reason...

[link to www.newmoney.gov]
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp
We Don't Rent Pigs...

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12/21/2012 11:30 AM

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Re: Cash Is King: Printing of $100 Bills Soars
Too bad they're not releasing them...for some reason...

[link to www.newmoney.gov]
 Quoting: Saddletramp


They've been printing them for two years now, and haven't released the first one yet...

They haven't even announced when they will go into circulation...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp
We Don't Rent Pigs...

User ID: 736969
United States
12/21/2012 11:35 AM

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Re: Cash Is King: Printing of $100 Bills Soars
Here are the annual production figures...

[link to www.moneyfactory.gov]
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
TechRaider (OP)

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12/21/2012 11:47 AM
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Re: Cash Is King: Printing of $100 Bills Soars
ST--Thanks for the link.
Numbers for 2011 and 2012 really stand out. Maybe the new bill are used primarily for settling cartel and terrorist transactions or green energy scams, ha.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Anonymous Coward
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12/21/2012 11:56 AM
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Re: Cash Is King: Printing of $100 Bills Soars
[link to www.thesquidshop.com]
Anonymous Coward
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Switzerland
12/21/2012 12:20 PM
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Re: Cash Is King: Printing of $100 Bills Soars
 Quoting: Anonymous Coward 29006760


They have been delaying printing the new swiss curr for 3years now for officially tech reasons. The swiss are tech experts. Who belieces this BS? They know a compl new system is coming.
Zombietard

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12/21/2012 12:46 PM
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Re: Cash Is King: Printing of $100 Bills Soars
Saddletramp
We Don't Rent Pigs...

User ID: 736969
United States
12/21/2012 12:56 PM

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Re: Cash Is King: Printing of $100 Bills Soars
ST--Thanks for the link.
Numbers for 2011 and 2012 really stand out. Maybe the new bill are used primarily for settling cartel and terrorist transactions or green energy scams, ha.
 Quoting: TechRaider


They haven't released that new $100 bill they've been printing for the past 3 years into circulation yet...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
InTheHood

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12/21/2012 04:46 PM

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Re: Cash Is King: Printing of $100 Bills Soars
$100 bills just don't go very far anymore; the $50 is the new $20, so this doesn't surprise me. People don't want to have to keep going to the ATM to get hit up with charges. $100 doesn't buy a whole lot these days.

And...lots of people probably just hoarding some cash.
And...the normal stuff.

Just thinking out loud.

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