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<p>[QUOTE="Notaphylic_C, post: 26274772, member: 130786"]Large denominations used to be exchanged primarily between banks & later for individuals to store cash. The myth propagated by law enforcement, the <a href="https://www.moneymetals.com/news/2015/06/03/better-than-cash-alliance-000716" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.moneymetals.com/news/2015/06/03/better-than-cash-alliance-000716" rel="nofollow"><b>B</b>etter <b>T</b>han <b>C</b>ash <b>A</b>lliance</a> & crypto investors that large denominations are exclusively drug traffickers' currency is ludicrous.</p><p>From the <a href="https://theconversation.com/money-laundering-plays-a-key-role-in-every-part-of-the-illegal-drugs-industry-heres-how-it-works-251288" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://theconversation.com/money-laundering-plays-a-key-role-in-every-part-of-the-illegal-drugs-industry-heres-how-it-works-251288" rel="nofollow">Conversation on Money Laundering</a>:</p><p><br /></p><p>Note that the "physical transportation of cash" is the most risky & least used of the various methods. Professional accountant are hired to launder hundreds of thousands (millions digitally) so it is indeed the lion share of money for most Cartel drug operations. If you don't believe this read the article & see for yourself how TD was fined 3Billion for allowing drug-trafficking transactions. </p><p><br /></p><p>I get how convenient debit/credit cards (plastic) has become & do use it occasionally. I also try to use as much physical cash as possible so retail outlets will continue to accept cash payments. This has become a challenge. During the pandemic the <b>BTCA</b> ran a successful (yet unverified/false) campaign to use plastic exclusively (to prevent Covid). Many retailers eliminated cash check outs for plastic pay only. Not only were jobs lost but it has become hard to use cash today.</p><p><br /></p><p>I don't care about the looks I get when I use cash. Using cash has kept my spending down & I'm debt-free. The banks don't own me! I think its important as collectors to let folks know that cash can co-exist with credit/digital payments (& thus be rid of the "either-or" <b>B&W</b> deceptive mentality of the <b>BTCA</b>. ("We must eliminate cash & go digital to empower women" BS).</p><p><br /></p><p>Nice notes [USER=4626]@Troodon[/USER] & [USER=73104]@Gilbert[/USER] ! (though I think the Hungarian Ca-gillion Pengo note was the highest denomination- not the Banknote World Zimbabwe 100 T "special" that everyone seems to have) ... LOL[/QUOTE]</p><p><br /></p>
[QUOTE="Notaphylic_C, post: 26274772, member: 130786"]Large denominations used to be exchanged primarily between banks & later for individuals to store cash. The myth propagated by law enforcement, the [URL='https://www.moneymetals.com/news/2015/06/03/better-than-cash-alliance-000716'][B]B[/B]etter [B]T[/B]han [B]C[/B]ash [B]A[/B]lliance[/URL] & crypto investors that large denominations are exclusively drug traffickers' currency is ludicrous. From the [URL='https://theconversation.com/money-laundering-plays-a-key-role-in-every-part-of-the-illegal-drugs-industry-heres-how-it-works-251288']Conversation on Money Laundering[/URL]: Note that the "physical transportation of cash" is the most risky & least used of the various methods. Professional accountant are hired to launder hundreds of thousands (millions digitally) so it is indeed the lion share of money for most Cartel drug operations. If you don't believe this read the article & see for yourself how TD was fined 3Billion for allowing drug-trafficking transactions. I get how convenient debit/credit cards (plastic) has become & do use it occasionally. I also try to use as much physical cash as possible so retail outlets will continue to accept cash payments. This has become a challenge. During the pandemic the [B]BTCA[/B] ran a successful (yet unverified/false) campaign to use plastic exclusively (to prevent Covid). Many retailers eliminated cash check outs for plastic pay only. Not only were jobs lost but it has become hard to use cash today. I don't care about the looks I get when I use cash. Using cash has kept my spending down & I'm debt-free. The banks don't own me! I think its important as collectors to let folks know that cash can co-exist with credit/digital payments (& thus be rid of the "either-or" [B]B&W[/B] deceptive mentality of the [B]BTCA[/B]. ("We must eliminate cash & go digital to empower women" BS). Nice notes [USER=4626]@Troodon[/USER] & [USER=73104]@Gilbert[/USER] ! (though I think the Hungarian Ca-gillion Pengo note was the highest denomination- not the Banknote World Zimbabwe 100 T "special" that everyone seems to have) ... LOL[/QUOTE]
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