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Why no $500 or $1000 notes these days?
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<p>[QUOTE="Drago the Wolf, post: 1358433, member: 22476"]Like I said, with the ever increasing demand for $100 bills, especially overseas, I don't see why the U.S. government does not issue $200, $500, and $1,000 bills. Who cares about the drug dealers? Who cares about money launderers? Who cares about counterfeiters? If you pay attention, and know what to look for on your money, you will NOT get stuck with a counterfeit, and lets face it, we are NOT going to stop the drug wars, even if we took all denominations of U.S. coins and currency out of circulation, reissued the half cent coin and just used that, the crime rings would find a way around it.</p><p><br /></p><p>The fact is, some people do not like, or HATE electronic methods of pay. My mother and father both have had their identity stolen and credit card fraud two or three times, and I have had a credit card company rip me off two or three times, and there have been times when I was waiting in line at the store for a half hour or longer, then got up to the last person before me, then they whip out their card or check and the machine goes haywire, causing a 20 minute longer wait or more. So THERE is you "wonderful" plastic and electronic methods of payment where a transaction would be way quicker than a $200, $500, or $1,000 bill. </p><p><br /></p><p>Also, they say that a $100 bill, going back to July 14, 1969, when the $500 and up were discontinued, would today be a $1,000 bill. So, if we had $20, $50, and $100 bills back in 1969, why can't we have $200, $500, and $1,000 bills today?</p><p><br /></p><p>It would also save the government money if they printed $200, $500, and $1,000 bills to cut down on how many $100 bills have to be printed, and each time the U.S. currency goes through a redesign (every 7-10 years) it becomes more expensive to print, due to needing to add more and more security features to the next generation of $100 bills, so, the next generation $200, $500, and $1,000 bills would help take a load off that demand.</p><p><br /></p><p>I read a story on Where's George? that Obama will be getting a new Secretary of the Treasury for his second term, should he win the reelection, or even if a Republican gets in, there will be a new Secreary of the Treasury, but whoever it is, I will be writing to them on this issue.</p><p><br /></p><p>Quite frankly, in today's day and age, I can't see an argument not to bring back the $5,000 and $10,000 bills and issue a $2,000 bill, either. That would be like what a $200, $500, or $1,000 bill bought back in 1969. Think of how you could pay for a car or house in cash. Now that would be awesome.[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1358433, member: 22476"]Like I said, with the ever increasing demand for $100 bills, especially overseas, I don't see why the U.S. government does not issue $200, $500, and $1,000 bills. Who cares about the drug dealers? Who cares about money launderers? Who cares about counterfeiters? If you pay attention, and know what to look for on your money, you will NOT get stuck with a counterfeit, and lets face it, we are NOT going to stop the drug wars, even if we took all denominations of U.S. coins and currency out of circulation, reissued the half cent coin and just used that, the crime rings would find a way around it. The fact is, some people do not like, or HATE electronic methods of pay. My mother and father both have had their identity stolen and credit card fraud two or three times, and I have had a credit card company rip me off two or three times, and there have been times when I was waiting in line at the store for a half hour or longer, then got up to the last person before me, then they whip out their card or check and the machine goes haywire, causing a 20 minute longer wait or more. So THERE is you "wonderful" plastic and electronic methods of payment where a transaction would be way quicker than a $200, $500, or $1,000 bill. Also, they say that a $100 bill, going back to July 14, 1969, when the $500 and up were discontinued, would today be a $1,000 bill. So, if we had $20, $50, and $100 bills back in 1969, why can't we have $200, $500, and $1,000 bills today? It would also save the government money if they printed $200, $500, and $1,000 bills to cut down on how many $100 bills have to be printed, and each time the U.S. currency goes through a redesign (every 7-10 years) it becomes more expensive to print, due to needing to add more and more security features to the next generation of $100 bills, so, the next generation $200, $500, and $1,000 bills would help take a load off that demand. I read a story on Where's George? that Obama will be getting a new Secretary of the Treasury for his second term, should he win the reelection, or even if a Republican gets in, there will be a new Secreary of the Treasury, but whoever it is, I will be writing to them on this issue. Quite frankly, in today's day and age, I can't see an argument not to bring back the $5,000 and $10,000 bills and issue a $2,000 bill, either. That would be like what a $200, $500, or $1,000 bill bought back in 1969. Think of how you could pay for a car or house in cash. Now that would be awesome.[/QUOTE]
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Why no $500 or $1000 notes these days?
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