Bye Bye Ben? Paper euros buck trend of dollar use
 

http://www.philly.com/mld/inquirer/n...n/11705784.htm

stonej wrote:

http://www.philly.com/mld/inquirer/n...n/11705784.htm

Höhö g:

| "If we are not careful with the value of the dollar, rational economic
| agents will make a substitution to the more stable currency," said
| Philip N. Jefferson, a Swarthmore College associate professor of
| economics, who has studied paper currency.

While the euro is certainly more stable than its national predecessors
in that it is more difficult for international currency juggl---err,
dealers to force its exchange rate up or down, the euro's value in terms
of the economies it "represents" is not that well performing. So I doubt
whether Jefferson actually had the euro in mind when he said that ;-)

Now if the main point of the article was to promote a 500 USD note, that
is a different story. Could make sense, although that denomination would
hardly ever be used domestically, I suppose.

By the way, when I clicked the link in your message, I got to some
registration/login page. Seems that philly.com blocks "direct" visitors,
but when you search for the article at news.google.com and click the
link there, it will let you read the text. Odd.

Christian

I just clicked the link and it brought it up
for me. Not sure what is going on with
them.

The 500 euro note is just one way that european politicans (especially
the French) pander to the world's drug dealers and to third-world tin
pot dictators. There is no other economic reason for its existence.

oly

"When was the last time you had a nice crisp 600 dollar bill in your
pocket, Mr. Law-abiding American Citizen?"


stonej wrote:
I just clicked the link and it brought it up
for me. Not sure what is going on with
them.

"oly" wrote in message
ups.com...
The 500 euro note is just one way that european politicans (especially
the French) pander to the world's drug dealers and to third-world tin
pot dictators. There is no other economic reason for its existence.

oly

I rarely have anything more than $20.00.

Scottishmoney wrote:

"oly" wrote in message
ups.com...
The 500 euro note is just one way that european politicans (especially
the French) pander to the world's drug dealers and to third-world tin
pot dictators. There is no other economic reason for its existence.

oly

I rarely have anything more than $20.00.

Good for you. Otherwise you could be mistaken for a drug dealer or, even
worse, one of those rotten Europeans by some g. I hardly ever use a
¤200 note, and the only time I have ever owned a ¤500 note was three
years ago - when I specifically asked for one at the bank, just because
I was curious.

On the other hand, we have "always" had 1000 DM notes in Germany. That
would be about 511 euro now - but 30 or 40 years ago, a thousand marks
would buy you much more of course. Similarly, the Swiss have a 1000 CHF
note - worth about 647 euro ...

Christian

When I cash my paycheck (I'm one of the dying breed that does not do
direct deposit) I keep out $250-$300 that I feel I need to deal with
everyday
expenses until the next paycheck. Having a few $100 on me at any one
time is not a big deal to me. Running back and forth to a money
machine
doesn't seem to make sense.

"Christian Feldhaus" wrote in Good for you.
Otherwise you could be mistaken for a drug dealer or, even
worse, one of those rotten Europeans by some g. I hardly ever use a
¤200 note, and the only time I have ever owned a ¤500 note was three
years ago - when I specifically asked for one at the bank, just because
I was curious.

On the other hand, we have "always" had 1000 DM notes in Germany. That
would be about 511 euro now - but 30 or 40 years ago, a thousand marks
would buy you much more of course. Similarly, the Swiss have a 1000 CHF
note - worth about 647 euro ...

Christian

I once saw someone spending a $1000 bill in Canada, at that time it was
worth about ¤500. That is the largest bill I have seen that was actually
being used, it was in a Casino of course, someone wanting change for it.

"stonej" wrote in message
oups.com...
When I cash my paycheck (I'm one of the dying breed that does not do
direct deposit) I keep out $250-$300 that I feel I need to deal with
everyday
expenses until the next paycheck. Having a few $100 on me at any one
time is not a big deal to me. Running back and forth to a money
machine
doesn't seem to make sense.


A lot of employers now mandate that you have to have direct deposit. Which
is a good thing, because if I had $200-300 in cash, I would spend it on....


.....coins.

Perhaps you being an enlightened European and me just a stupid american
(who voted for both George Bush senior and junior twice each), you
could tell me exactly what a 500 euro or 1000 DM note would be good for
in normal daily life? Answer: There is no good reason except tax
evasion or drugs.

oly

Christian Feldhaus wrote:
Scottishmoney wrote:

"oly" wrote in message
ups.com...
The 500 euro note is just one way that european politicans
(especially
the French) pander to the world's drug dealers and to third-world
tin
pot dictators. There is no other economic reason for its
existence.

oly

I rarely have anything more than $20.00.

Good for you. Otherwise you could be mistaken for a drug dealer or,
even
worse, one of those rotten Europeans by some g. I hardly ever use
a
=A4200 note, and the only time I have ever owned a =A4500 note was
three
years ago - when I specifically asked for one at the bank, just
because
I was curious.

On the other hand, we have "always" had 1000 DM notes in Germany.
That
would be about 511 euro now - but 30 or 40 years ago, a thousand
marks
would buy you much more of course. Similarly, the Swiss have a 1000
CHF
note - worth about 647 euro ...
=20
Christian