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Should the U.S. have $200, $500, and possibly $1,000 bills?
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<p>[QUOTE="Drago the Wolf, post: 779928, member: 22476"]Actually, I find credit cards, debit and checks to be very inconvenient when paying for items at stores. Here are 5 good reasons why $200, $500, and $1,000 bills are better than cards, checks and bank transfers:</p><p> </p><p>#1. For one thing, have you ever been standing in a line at a store for about a half hour or so, then at last, when it gets to there being "one" person in front of you, and that person whips out their credit/debit card or check, and the machine goes haywire when trying to process the transaction? I have. More times than I can count on my fingers AND toes combined. #2. Not to meanion that there is a service fee on credit cards that store are paying for now, but my brother predicts that, one day, that cost is going to be dumped on YOU. Probably once electronic money completely takes over and you have no choice.</p><p> </p><p>#3. I tried having a credit card for a while, then they started to rip me off, and still tried to rip me off a few times after I had made it CLEAR that I did NOT want to deal with them anymore and that the account was CLOSED.</p><p> </p><p>#4. The worst reason, but a valid one is that, if the government insists that people must have a choice between using $1 bills, and using dollar coins, I think people who want big bills should have the choice between $200/$500/$1,000 bills over credit/debit/checks, if they want to pay cash for a large or expensive item.</p><p> </p><p>#5. The best reason is that, BOTH my mom and dad had to deal with credit card fraud indentity theft TWICE over the past 3 years, and although a mugger can steal a $1,000 bill from you, they can not steal your identity or thousands more dollars off you, like credit frauders do. Same with electronic banking. Someone can steal that off your bank account without entering a bank, where they would have to break in and enter your house to steal a $1,000 bill if you had one, and are more likely to go after electronic banking, as that industry holds more money to steal, than risk breaking into a house and being caught and jailed for a piddly few hundreds to a couple thousands of dollars you may have hidden in your house.</p><p> </p><p>These all being the case, I actually believe that we should get RID of all "plastic" and "electronic" money and go back to cold hard cash. Whether many people would consider that move as "going backwards" anyway. I wish I would have been alive to use a $1,000 bill, or see circulating $2 bills and half dollar coins, a cent that was actually "worth" something, and the like. Times were so much simpler then and things were not all of this confusing electronic mumbo jumbo.</p><p> </p><p>Not trying to beat you up, Troodon, but I'm just sharing my feelings.[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 779928, member: 22476"]Actually, I find credit cards, debit and checks to be very inconvenient when paying for items at stores. Here are 5 good reasons why $200, $500, and $1,000 bills are better than cards, checks and bank transfers: #1. For one thing, have you ever been standing in a line at a store for about a half hour or so, then at last, when it gets to there being "one" person in front of you, and that person whips out their credit/debit card or check, and the machine goes haywire when trying to process the transaction? I have. More times than I can count on my fingers AND toes combined. #2. Not to meanion that there is a service fee on credit cards that store are paying for now, but my brother predicts that, one day, that cost is going to be dumped on YOU. Probably once electronic money completely takes over and you have no choice. #3. I tried having a credit card for a while, then they started to rip me off, and still tried to rip me off a few times after I had made it CLEAR that I did NOT want to deal with them anymore and that the account was CLOSED. #4. The worst reason, but a valid one is that, if the government insists that people must have a choice between using $1 bills, and using dollar coins, I think people who want big bills should have the choice between $200/$500/$1,000 bills over credit/debit/checks, if they want to pay cash for a large or expensive item. #5. The best reason is that, BOTH my mom and dad had to deal with credit card fraud indentity theft TWICE over the past 3 years, and although a mugger can steal a $1,000 bill from you, they can not steal your identity or thousands more dollars off you, like credit frauders do. Same with electronic banking. Someone can steal that off your bank account without entering a bank, where they would have to break in and enter your house to steal a $1,000 bill if you had one, and are more likely to go after electronic banking, as that industry holds more money to steal, than risk breaking into a house and being caught and jailed for a piddly few hundreds to a couple thousands of dollars you may have hidden in your house. These all being the case, I actually believe that we should get RID of all "plastic" and "electronic" money and go back to cold hard cash. Whether many people would consider that move as "going backwards" anyway. I wish I would have been alive to use a $1,000 bill, or see circulating $2 bills and half dollar coins, a cent that was actually "worth" something, and the like. Times were so much simpler then and things were not all of this confusing electronic mumbo jumbo. Not trying to beat you up, Troodon, but I'm just sharing my feelings.[/QUOTE]
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Should the U.S. have $200, $500, and possibly $1,000 bills?
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