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| 12:56 PM | ||
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| 12:56 PM | ||
Cash Is King: Printing of $100 Bills Soars | |
| TechRaider Offer Upgrade  User ID: 8668963  United States12/21/2012 10:02 AM Report Abusive Post Report Copyright Violation | |
| TechRaider (OP) User ID: 8668963 United States12/21/2012 11:25 AM Report Abusive Post Report Copyright Violation | 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 If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
| TechRaider (OP) User ID: 8668963 United States12/21/2012 11:26 AM Report Abusive Post Report Copyright Violation | 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 If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
| Saddletramp User ID: 736969  Puerto Rico12/21/2012 11:29 AM Report Abusive Post Report Copyright Violation | 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..." "We don't rent pigs!" |
| Saddletramp User ID: 736969 Puerto Rico12/21/2012 11:30 AM Report Abusive Post Report Copyright Violation | 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..." "We don't rent pigs!" |
| Saddletramp User ID: 736969 Puerto Rico12/21/2012 11:35 AM Report Abusive Post Report Copyright Violation | 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..." "We don't rent pigs!" |
| TechRaider (OP) User ID: 8668963 United States12/21/2012 11:47 AM Report Abusive Post Report Copyright Violation | 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 If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
| Anonymous Coward User ID: 29006760 United States12/21/2012 11:56 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 3684744  Switzerland12/21/2012 12:20 PM Report Abusive Post Report Copyright Violation | |
| Zombietard User ID: 30406339  Argentina12/21/2012 12:46 PM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 736969 Puerto Rico12/21/2012 12:56 PM Report Abusive Post Report Copyright Violation | ST--Thanks for the link. Quoting: TechRaider 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. 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..." "We don't rent pigs!" |
| InTheHood User ID: 29587186 United States12/21/2012 04:46 PM  Report Abusive Post Report Copyright Violation | $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. |
