I created a $200, $500, and $1,000 Bill petition on a site called "We the People"

https://petitions.whitehouse.gov/pe...ls-and-reissue-us-500-and-1000-bills/0h0NMq3T

Please sign it if you're interrested in large denomination U.S. paper currency circulating again. :hail:

 

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Why?

There are so many more important issues in this country that need to be addressed. Who cares about paper money that has a useful life of about 18 months and costs a ton of money to replace.

Chris

 

It's a waste of tax payer money and it will aide illegal trafficking. Moving $1,000,000 in $1,000 bills takes up 10 times less space than $100 bills. That's one of the main reasons we got rid of high denominations in the first place.

Then the printing itself will take a lot of R&D towards design, anti-counterfeiting, equipment, testing, QA, etc. We've already wasted a ton of money and time trying to fix the screw-ups with the most recent series of $100 notes. Meanwhile, there are many other worthwhile things that the government should be spending the money on. We have a tremendous waste in government spending as it is. Meanwhile important things like education are suffering due to under-funding.

And lastly, most transactions today are electronic. It would be ridiculous to introduce more paper money in denominations that you can't even spend unless you're buying a car or house in cash. It's hard enough to find a place willing to break a $100 bill.

 

Um...Because of inflation, and to keep the U.S. Dollar strong.

18 months? $50 and $100 bills last up to 9 years or so, so imagine how long a $1,000 bill would last. Except the new $200, $500, and $1,000 bills would have to be withdrawn from circulation and destroyed, every 7-10 years, due to need to release a redesigned version. (Or so the government "claims the $100 needs another redesign yet they say that the current style $100 bill is STILL effective, and the $100 bill's current design is 16 years old)

 

Well I tried to sign it but for some reason I couldn't, wanted me to sign in, set up an account and all that stuff. I wish you luck but don't think it will stand a chance of happening, lets face it, we cant seem to print new
$ 100.00 notes so how could they print anything higher.
Bill Collector

 

I don't see how creating larger bills will "keep the dollar strong". It seems that every country who has undergone severe inflation has issued large denomination notes to make transactions easier... I can guarantee you that the US will go all electronic before we issue the notes you are talking about.

 

No. We got rid of larger denominations due to lack of use, but back in those days it actually made sense. Today, you could argue to bring back even the $10,000 bill if you wanted to. So what about the crime doers moving their drug money easier? WE ARE NOT GOING TO STOP THE DRUG WAR! And what about the good, honest citizens who want to use cash, and do NOT want to bullcarp around with cards and checks, and would like a few discreet $1,000 bills, instead of a very noticible wad of $100 bills? And gee, those Euro folks do not seem very worried about drug dealers using their 100, 200, and 500 Euro notes, so, why the worry in the U.S.?

So what? The government has already stated that the demand for $100 bills is steadily rising, and printing a $1,000 bill that could do the job of 10 $100 bills would save a LOT of money in the long run, just as, if the government would push halves and $2 bills, it would save the government millions in monting quarters and printing $1 bills.

Well, thats the key. You'd use the large denominationFederal Reserve notes on high end payments, like cars, appliances, electronoics, coins, jewelry, houses, etc. I don't see how anyone would be stupid enough to try to go through a Mc.Donald's drive-thru and use a $1,000 bill. But my family does use $50 bills in that way a lot, but only because we are spending MOST of it. THAT is the key to spending $200, $500, and $1,000 bills. You have to SPEND MOST OF IT. How hard is that for just about ANYONE to understand?

 

Setting up an account is easy. Just follow the instructions. It was easy for me.

 

Oh I know we're not going to stop the drug-war. In fact, I think the war is completely misguided. However, a bill to create higher denominations would never pass for the reasons I've mentioned. And really, how often do good honest people use that much cash? Perhaps once a year, probably less in-fact. And when I do have a big purchase that I need to pay in cash, I just write a check.

Europe and the US are very different countries. Our problems are very different from theirs. We have cartels smuggling people and drugs over and under the border, growing it in our national parks on booby-trapped land, killing one another in a power struggle against the Mexican government, and kidnapping and beheading Americans, and all funded by our own citizens. If it becomes easier to bring so much cash into Mexico, the cartels will become more powerful. Regardless of your stance on the US drug-war, I think you can conclude as well that the Cartels are not doing a whole lot of good.

What's your source? Do you know how much it costs to set up an operation to print more denominations? Have you done a cost/benefit analysis?

How often do you make a purchase over $200? Over a $1000? How many times do you need to pay cash for it and can't write a check? I use a credit card or a check for big purchases. It's much easier, and far, far safer. The only time I might need to buy something with so much cash, is if I don't want to leave a paper trail. Why would the US government want to support that, even if it's a secondary effect?

 

No paper trail can benefit the government as well.

 

No kidding.

Check this out: http://m.guardian.co.uk/world/2007/feb/08/usa.iraq1?cat=world&type=article

C130 planes bringing crates of cash to the war zone, with no accountability.

 

Sorry,
I'm already on way to many "list", if the vote could have been done here or without "joining" an other e mail List I would do it.
Bill Collector

 

Why would you (personally) need $1,000 notes? Do you carry so may $100's that often that you fall off of your wallet?

 

Crazy idea! I won't say who, but medication may be in order. j/k

 

In this day in age of digital media and the dependence on credit card transactions, there would be no need for high denomination notes. Sorry, I'm not on board with this idea.

 

Impress your friends and neighbors or co-workers... someone asks for change of a twenty; you reply: "sorry, I have nothing smaller than a $1,000 today..."

Impressive...

 

Imagine being in Zimbabwe and trying to get change for a $100 trillion dollar note.

 

From a collectors standpoint, it's a strugle for me to occasionally afford a $50 or $100 star note. I can tell you now, that I would have zero interest or funds concerning a modern-era $500 or $1,000 note.

 

I woun't have any need to spend them, I collect US Paper Money and it would be neat to have some new currency to put in the collection.
Bill Collector

 

http://www.youtube.com/watch?v=v5QVK1tY5Pk