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100 dollar bill

M

Mike M

Well-known Member
I just read where they are trying to do away with the $ 100 bill now ! Going to really be a pain to go buy a tractor with a pocket full of $ 20
 
That will be fun buying a tractor. We'll all have to get briefcase to carry all those 20's in. I try to buy everything with cash personally. It will be a big pain with no hundreds.
 
Actually they want to do away with ALL cash so all transactions are done electronically using a bank. Just so the IRS and any other interested government agency can track you.
 
All you people who buy tractors or use cash, are not being legal and need to be put in debters Jail. That way the companies running the Jails can make more money for their investors.
 
I saw that.
If we don't start writing our representatives about this kind of stuff they will take it all away from us.
I wrote mine a few days ago.
 
I heard the same thing years ago. They want to keep track of your money and would put a stop to people getting paid under the table (more tax money for IRS).
 
Organized crime made far more profit off of 100 dollars bills versus a penny. The one constat in the universe is corruption so we will see if organized crime does snuff out this movement via politicians for sale.
 
I don't like for the government to be dorking around with anything, so I say leave the currency alone. Having said that, though, I'm not sure that I personally have ever had a 100 dollar bill. The only people that I see around town with 100 dollar bills are the Mexicans. I don't know where they get them.

Do you still write checks? I do. My son recently told me that he hadn't written a check for about 10 years. He does everything electronically, primarily with his smart phone. Every major purchase that I make is done via check. I can't imagine hauling a bunch of currency around with me to buy a major item.

Tom in TN
 
Where I used to work we were paid with electronic transfer, every week finally turned into 2 weeks to save on accountants. Before I left they were paying some people with real paper checks because the people they were hiring could not get a bank account. I think and sure hope we can keep using cash, something about the feel of it sends those cold chills all over my body, kind of like my wife used to all those years ago.
 
The $100 bill is the new $20 bill of 25-30 years ago. I've even carried $1000 bills before and nobody would consider me wealthy by any means.

I've been burned enough selling things that I won't take a check from ANYONE, and I'll pay cash every time.
 
Now I actually could go along with doing away with all change. Just round it up or down to the nearest dollar. But then again I am one of the few who still pays mainly in cash.
 
I think the 500 & 1000 bills were done away with in 1969 ? article talked about them. Also said the collector value of them is worth more than face value too.
 
Places I work would either start a checking account or credit card if you don't have one. The unemployment issues credit cards now I wonder what the credit card companies make of it
 
cash is all i use or accept on deals and yes we have a bank pen to make sure its the real stuff, living this close to the southern boarder there is some around thats not,that also provides plenty of real stuff in circulation, sometimes i think the mexicans have all our cash , their 'business' keeps it around if i meet somebody who dont want cash i trade with somebody else
 
God I hope not. I will have to recalibrate my barter rate and a $100 dollar sack of chickens is so much easier to put in your pocket than 5-$20 dollar sacks!
 
Of all the things to eliminate, that would be illogical.
Inflation. Everything costs more than it did 20 years ago. This brings the $100 bill closer to daily trade than ever before. At some point, it was almost practical to buy an automobile with a stack of 1s and 5s. Today, it is not practical to do the same with a stack of 100s. Maybe instead of getting rid of %100 bills, they should consider bringing back the 500s and 1000s.
 
That was a brainstorm of one zerobammy's former sycophants and treasury secretary, Lawrence Summers, he was postulating that doing away with the 100 bill and the 500 euro note would make it harder for criminals to launder money. I guess politicians and other organized crime figures would have to get bigger freezers to stash their cash in. I doubt the clinton foundation would be affected because they get a free pass from the irs when it comes to laundered ''filthy lucre''.
 
Just because some Harvard Law professor suggests something, does not mean it will happen. Just because criminals use a lot of $100 bills does not mean that elimination of them would hinder crime. Why accept the argument that gun control laws will not reduce crime and $100 bill elimination will? It just does not make sense. What if we eliminate BOTH hard currency and guns? Would we still have crime?
 
Like I carry a bunch of them around with me anyway? Had you asked me, I couldn't tell you who's on the bill, or when the last time I had one in my hand.
 
Our government and banks want us in a cashless society and it will eventually happen.....Then they can have total control of us...The bible predicts it...They don't want any paper money under the mattress...If things go sour there won't be any run on the banks because there will be no cash in them...

I have bought several vehicles and tractors from Craigslist....The sellers told me to bring 100 dollar bills or don't bother to come....I have sold several items and cash is all that I will take..
 
Have you noticed lately that when you go to store that almost everybody pays with plastic. I don't know if this is so in this area or all over the country.
 
One of the biggest factors in removing large bills is the counterfeiting factor. Our government has gone to great lengths to make the new bills more difficult to duplicate, but there are still plenty of the old ones out there. It's a problem here in the states, but overseas it's a huge problem! Rogue governments turning out millions, even billions of counterfeit American dollars to fuel their war machines! Easy to do, who really knows what a real bill looks like in Iran, Sierra, North Korea? Would we know what their money looks like?

Eliminate the cash, eliminate the problem. Scary thought, but look where society has gone in the last few years, corruption is rampant, the electronics available today make what was impossible a few years ago too simple.
 
I can see it now, with a briefcase full of cash, in the back parking lot of walmart, at night, making a... "tractor deal" lol
 
Just what I thought some silly blabber mouth says something and everyone runs to wild stories yeah this is what is going to happen. Like some time ago someone posted that lead acid batts were going bye bye
 
Hi All of those that say killing the penny won't happen should take a look at what happened in Canada a few years ago. Guess what they killed it!.
The problem became the cost of the metal to make it was more than the face value of the coin, so they said. Now everything is mostly rounded up you, get the odd time it's rounded down. But if stuff gets rounder up governments make a bit more every year in tax, i bet they win more than they loose L.O.L .
Regards Robert
 
I guess the comment to that is - who cares? Our government creates TRILLIONs of dollars with a few computer strokes. QE 1,2,3,4, and 5 released over 3.5 TRILLION dollars into the monetary supply. What someone can release into the system with a printing press is a pittance in comparison.


http://www.forbes.com/sites/johntamny/2014/03/09/the-fed-is-not-printing-money-its-doing-something-much-worse/#37c6f93043a1


http://www.abovetopsecret.com/forum/thread901737/pg1
 
I guess they still think its the 1970s and criminals only deal in cash. Criminals have no problem working the electronic banking system for their gain. Look at Bernie Madoff, using the electronic banking system he made off with over 18 BILLION - and the government is worried about $100 transactions?
 
Remember while not very common, until 1969 there were $500, $1,000, $5,000 & $10,000 US bills in circulation. They remain legal tender, but most were taken out of circulation and the few remaining are collector items.
 
Agreed - its all about control nothing to do with crime. Just like gun control is all about control and has nothing to do with crime.
 
The new $100 dollar bills have RFID chips in them now. here in SC the police Tahoes that set along the side of the road have scanners in them that pick up large amounts of bills. I-85 corridor is how the drug money goes back south.
 
This is an old idea; the first time I heard of it was at least twenty years ago.

Despite what the goldbugs may say, the preferred currency for criminal activity is the US greenback. Get rid of the hundred dollar bill and it makes illegal transactions and tax evasion much more difficult. Of course it will never happen; if we're unable to get rid of the useless penny (as the Canucks have done), we sure won't eliminate the C-note.

Meanwhile, technology is making the dollar irrelevant. In the future, electronic currencies like nnalert will become the choice for criminal transactions.
 
Dodgeit- "The new $100 dollar bills have RFID chips in them now". I don't think that is true.
Could you provide a link?.
 
Alan after a few years of that they will do away with $20's. Before it's all said and done we may be buying tractors with quarter's. I'm going to buy and dump truck and mount a big coin counter on the back of it then. hahaha
 
In the rural area I live in. credit cards are almost useless. Most stores if they take CC Will charge you 3-5 % more. I don't have a debt card. My bank doesn't even have an ATM machine.
 
Have you been following the negative interest rate that they are talking about?
No cash, all money in the banks, more for them!!
 
Well actually just the other day with these record low gas prices and the little car I drive.
But I also have a full sized truck (always drove trucks before) so I do know what you mean.
 
Mike M,
I rarely use cash. Pay for most things with CC. When CC is due, payment is auto paid from my checking. A good way for me to keep business records in case I lose receipt. Before you know it, CC will be out and people will be paying with smart phones. So why is the $100 bill out? What about the $50?

Someone told me, that in Canada they no longer have something like our penny. Not 100%. Sounds loonie or toonie?? geo
 
Heck, I can remember back in the '70s of filling my tank with Gas & useing a $5 dollar bill

and getting over a Dollar back in change.
 
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