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A chance for new $500 and possibly $200 Federal Reserve Notes?



 
 
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  #1  
Old July 25th 09, 08:59 AM posted to rec.collecting.coins
Drago the Wolf
external usenet poster
 
Posts: 92
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

Here we go again. How I love annoying some of you guys with this
issue, however, those who are serious with me, I'd like to talk $200
and $500 bills with you.

Okay, the Obama Administration and Treasury are printing more and more
$100 bills, as time goes by, the demand gets higher, so, does anyone
here think that, maybe after they print a large amount of the
colorized NexGen $100 bills, that, maybe they will consider printing
at least $500 bills again, if not $200 bills?

I wrote my Congressmen on issuing new $200, $500, and $1,000 bills
again, just because of the fact of the demand for $100 bills steadily
rising.

So, I know we've been though this talk before, but, with the
increasing demand for $100 bills overseas, where there are 200 and 500
Euro notes, does anyone here think that maybe, in around 2011 or so,
we may get a $500 bill back into circulation? As I said, if they are
cranking out larger and larger ammounts of $100 bills, a $500 bill
would seem more practical, cost effective, and easier to keep up with
the demand for U.S. currency.

I also did write a letter to President Obama about issuing new $200,
$500, and $1,000 bills, not only to keep up with the demands for U.S.
currency overseas, but also to help with inflation for those (like me)
who prefer to use paper over plastic. I will post the reply here when
I get it, as I always do.

Oh, and I don't care if they put my name in the "This guy is a nutcase
file" and my letters in the "circular file" as some of you may call
it.

Tom
Ads
  #2  
Old July 25th 09, 02:00 PM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default A chance for new $500 and possibly $200 Federal Reserve Notes?


"Drago the Wolf" wrote in message
...
Here we go again. How I love annoying some of you guys with this
issue, however, those who are serious with me, I'd like to talk $200
and $500 bills with you.

Okay, the Obama Administration and Treasury are printing more and more
$100 bills, as time goes by, the demand gets higher, so, does anyone
here think that, maybe after they print a large amount of the
colorized NexGen $100 bills, that, maybe they will consider printing
at least $500 bills again, if not $200 bills?


Take a walk through your neighborhood and survey your neighbors about how
they would be most apt ot pay for a $100, $200 or $500 purchase. I'd be
surprised if any answered that they would go to the bank for a bill of that
denomination (assuming all these amounts were available). Also, I doubt you
could document evidence of a significant increase in demand for $100 bills
among the population. I would imagine that these bills last for many years
longer than ones, fives, and tens.


I wrote my Congressmen on issuing new $200, $500, and $1,000 bills
again, just because of the fact of the demand for $100 bills steadily
rising.


Again, can you document this increase?


So, I know we've been though this talk before, but, with the
increasing demand for $100 bills overseas, where there are 200 and 500
Euro notes, does anyone here think that maybe, in around 2011 or so,
we may get a $500 bill back into circulation? As I said, if they are
cranking out larger and larger ammounts of $100 bills, a $500 bill
would seem more practical, cost effective, and easier to keep up with
the demand for U.S. currency.


So are you saying that the increasing demand for $100 bills is from
overseas? From foreign nationals or from US citizens? $50 bills can't
satisfy this demand? Last time I was overseas, the banks and cambios were
more reluctant to accept our $100 bills than lesser denominations. I
presume this is no longer the case, but I wouldn't be surprised if there was
a lingering "$2 bill syndrome" of distrust in many minds.


I also did write a letter to President Obama about issuing new $200,
$500, and $1,000 bills, not only to keep up with the demands for U.S.
currency overseas, but also to help with inflation for those (like me)
who prefer to use paper over plastic. I will post the reply here when
I get it, as I always do.


With Obama, you might be more successful suggesting a billion-dollar bill.
Why mess with pesky million dollar bills?


Oh, and I don't care if they put my name in the "This guy is a nutcase
file" and my letters in the "circular file" as some of you may call
it.



  #3  
Old July 25th 09, 03:32 PM posted to rec.collecting.coins
Jerry Dennis
external usenet poster
 
Posts: 1,207
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

On Jul 25, 9:00�am, "Bruce Remick" wrote:
"Drago the Wolf" wrote in ...

Here we go again. How I love annoying some of you guys with this
issue, however, those who are serious with me, I'd like to talk $200
and $500 bills with you.


Okay, the Obama Administration and Treasury are printing more and more
$100 bills, as time goes by, the demand gets higher, so, does anyone
here think that, maybe after they print a large amount of the
colorized NexGen $100 bills, that, maybe they will consider printing
at least $500 bills again, if not $200 bills?


Take a walk through your neighborhood and survey your neighbors about how
they would be most apt ot pay for a $100, $200 or $500 purchase. �I'd be
surprised if any answered that they would go to the bank for a bill of that
denomination (assuming all these amounts were available). �Also, I doubt you
could document evidence of a significant increase in demand for $100 bills
among the population. �I would imagine that these bills last for many years
longer than ones, fives, and tens.



I wrote my Congressmen on issuing new $200, $500, and $1,000 bills
again, just because of the fact of the demand for $100 bills steadily
rising.


Again, can you document this increase?



So, I know we've been though this talk before, but, with the
increasing demand for $100 bills overseas, where there are 200 and 500
Euro notes, does anyone here think that maybe, in around 2011 or so,
we may get a $500 bill back into circulation? As I said, if they are
cranking out larger and larger ammounts of $100 bills, a $500 bill
would seem more practical, cost effective, and easier to keep up with
the demand for U.S. currency.


So are you saying that the increasing demand for $100 bills is from
overseas? �From foreign nationals or from US citizens? � $50 bills can't
satisfy this demand? �Last time I was overseas, the banks and cambios were
more reluctant to accept our $100 bills than lesser denominations. �I
presume this is no longer the case, but I wouldn't be surprised if there was
a lingering "$2 bill syndrome" of distrust in many minds.



I also did write a letter to President Obama about issuing new $200,
$500, and $1,000 bills, not only to keep up with the demands for U.S.
currency overseas, but also to help with inflation for those (like me)
who prefer to use paper over plastic. I will post the reply here when
I get it, as I always do.


With Obama, you might be more successful suggesting a billion-dollar bill..
Why mess with pesky million dollar bills?





Oh, and I don't care if they put my name in the "This guy is a nutcase
file" and my letters in the "circular file" as some of you may call
it.- Hide quoted text -


- Show quoted text -


Hey. Here's a thought. Let's encourage large bills in order to use
the paper we'll save by NOT printing $1 bills. That'll encourage
using $1 coins and save money... Wait, never mind, that wouldn't
contribute to the Obama "drive America into bankruptcy" plan.

Jerry
  #4  
Old July 25th 09, 09:56 PM posted to rec.collecting.coins
Thomas A.
external usenet poster
 
Posts: 88
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

Drago the Wolf wrote:
Here we go again. How I love annoying some of you guys with this
issue, however, those who are serious with me, I'd like to talk $200
and $500 bills with you.

Okay, the Obama Administration and Treasury are printing more and more
$100 bills, as time goes by, the demand gets higher, so, does anyone
here think that, maybe after they print a large amount of the
colorized NexGen $100 bills, that, maybe they will consider printing
at least $500 bills again, if not $200 bills?

I wrote my Congressmen on issuing new $200, $500, and $1,000 bills
again, just because of the fact of the demand for $100 bills steadily
rising.

So, I know we've been though this talk before, but, with the
increasing demand for $100 bills overseas, where there are 200 and 500
Euro notes, does anyone here think that maybe, in around 2011 or so,
we may get a $500 bill back into circulation? As I said, if they are
cranking out larger and larger ammounts of $100 bills, a $500 bill
would seem more practical, cost effective, and easier to keep up with
the demand for U.S. currency.

I also did write a letter to President Obama about issuing new $200,
$500, and $1,000 bills, not only to keep up with the demands for U.S.
currency overseas, but also to help with inflation for those (like me)
who prefer to use paper over plastic. I will post the reply here when
I get it, as I always do.

Oh, and I don't care if they put my name in the "This guy is a nutcase
file" and my letters in the "circular file" as some of you may call
it.

Tom


Would you actually walk down the street with a $1000 or $500 bill in your
pocket? And feel safe about it?

This is why banks invented personal checks, oh so many years ago. People do
not like walking around with large amounts of cash on them.


  #5  
Old July 25th 09, 11:02 PM posted to rec.collecting.coins
Drago the Wolf
external usenet poster
 
Posts: 92
Default A chance for new $500 and possibly $200 Federal Reserve Notes?



Would you actually walk down the street with a $1000 or $500 bill in your
pocket? *And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500, or
$1,000 bill in my pocket. Who needs to know its even on me? What? Do
you think I'm going to go walking down the street singing "I got a
$1,000 bill in my pocket, do da, do da" or talk about having a huge
amount of money, to anyone?

The point is, I would feel MUCH safer caryying a couple $1,000 bills,
than a bunch of $100 bills bulging in my pocket. Thieves will see that
bulge, and think or know that you are carrying a wad of cash. I would
like to put a couple $1,000s in my wallet, and call it a day. No need
to let anyone now I'm carry it. The only real time I could see a
mugger get you, is if they see you pay for a $500 or less purchase,
and you pay with a $1,000 bill, and the mugger sees the cashier hand
you a $500 bill or a $100 and a couple $200s and some other odd change
back, then waits to steal that remaining $500 and some dollars from
you.

Tom
  #6  
Old July 25th 09, 11:18 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

On Jul 25, 5:02*pm, Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill in your
pocket? *And feel safe about it?


As a matter of fact, yes, I would walk down the street with a $500, or
$1,000 bill in my pocket. Who needs to know its even on me? What? Do
you think I'm going to go walking down the street singing "I got a
$1,000 bill in my pocket, do da, do da" or talk about having a huge
amount of money, to anyone?

The point is, I would feel MUCH safer caryying a couple $1,000 bills,
than a bunch of $100 bills bulging in my pocket. Thieves will see that
bulge, and think or know that you are carrying a wad of cash. I would
like to put a couple $1,000s in my wallet, and call it a day. No need
to let anyone now I'm carry it. The only real time I could see a
mugger get you, is if they see you pay for a $500 or less purchase,
and you pay with a $1,000 bill, and the mugger sees the cashier hand
you a $500 bill or a $100 and a couple $200s and some other odd change
back, then waits to steal that remaining $500 and some dollars from
you.

Tom


Get over it "dud".

The federal government has spent billions of $$$ in the last eight
years to combat "money laundering".

Issuing a new $500 or $200 would be the same as shooting all those
efforts in the foot.

Ain't gonna happen (that is, short of an overtly hyerinflationary
scenario).

When you send these sorts of "letters" to Congresspersons, you're
likely getting placed on a list of dubious persons who need to be
"rounded up" in the event of a "national emergency".

oly

  #7  
Old July 25th 09, 11:43 PM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill in
your pocket? And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500, or
$1,000 bill in my pocket. Who needs to know its even on me? What? Do
you think I'm going to go walking down the street singing "I got a
$1,000 bill in my pocket, do da, do da" or talk about having a huge
amount of money, to anyone?


Bill Cosby had a routine about doing just that after learning karate.
Unfortunately, the guy who attacked him was a midget and threatened to blow
Bill's kneecap off if he didn't hand over the dough.

The point is, I would feel MUCH safer caryying a couple $1,000 bills,
than a bunch of $100 bills bulging in my pocket. Thieves will see that
bulge, and think or know that you are carrying a wad of cash. I would
like to put a couple $1,000s in my wallet, and call it a day. No need
to let anyone now I'm carry it. The only real time I could see a
mugger get you, is if they see you pay for a $500 or less purchase,
and you pay with a $1,000 bill, and the mugger sees the cashier hand
you a $500 bill or a $100 and a couple $200s and some other odd change
back, then waits to steal that remaining $500 and some dollars from
you.


There are times when only cash will do the job. Go to a coin show where
nobody knows you, and it's the universal solvent. In certain states the
dealer will sell to you for a lower price if he's inclined to ignore sales
tax requirements.

James
'ducking for cover as the usenet morality police muster'


  #8  
Old July 26th 09, 12:33 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default A chance for new $500 and possibly $200 Federal Reserve Notes?


"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill in
your pocket? And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500, or
$1,000 bill in my pocket. Who needs to know its even on me? What? Do
you think I'm going to go walking down the street singing "I got a
$1,000 bill in my pocket, do da, do da" or talk about having a huge
amount of money, to anyone?


Bill Cosby had a routine about doing just that after learning karate.
Unfortunately, the guy who attacked him was a midget and threatened to
blow Bill's kneecap off if he didn't hand over the dough.

The point is, I would feel MUCH safer caryying a couple $1,000 bills,
than a bunch of $100 bills bulging in my pocket. Thieves will see that
bulge, and think or know that you are carrying a wad of cash. I would
like to put a couple $1,000s in my wallet, and call it a day. No need
to let anyone now I'm carry it. The only real time I could see a
mugger get you, is if they see you pay for a $500 or less purchase,
and you pay with a $1,000 bill, and the mugger sees the cashier hand
you a $500 bill or a $100 and a couple $200s and some other odd change
back, then waits to steal that remaining $500 and some dollars from
you.


There are times when only cash will do the job. Go to a coin show where
nobody knows you, and it's the universal solvent. In certain states the
dealer will sell to you for a lower price if he's inclined to ignore sales
tax requirements.

James
'ducking for cover as the usenet morality police muster'


I seldom get to shows but I would think that any dealer who offers high
priced merchandise would be equipped to accommodate credit cards and perhaps
personal checks, rather than have his first customer saddle him with a
(theoretical) $500 or $1,000 bill or risk getting a bogus one. If I were to
attend a show with a budget of $1,000, I sure wouldn't carry that much cash
with me, regardless of the denominations. If a dealer wouldn't take my
plastic or my check and ID for a $500+ purchase, that would be his loss.




  #9  
Old July 26th 09, 01:14 AM posted to rec.collecting.coins
Thomas A.
external usenet poster
 
Posts: 88
Default A chance for new $500 and possibly $200 Federal Reserve Notes?

Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill
in your pocket? And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500,
or $1,000 bill in my pocket. Who needs to know its even on me?
What? Do you think I'm going to go walking down the street singing
"I got a $1,000 bill in my pocket, do da, do da" or talk about
having a huge amount of money, to anyone?


Bill Cosby had a routine about doing just that after learning karate.
Unfortunately, the guy who attacked him was a midget and threatened
to blow Bill's kneecap off if he didn't hand over the dough.

The point is, I would feel MUCH safer caryying a couple $1,000
bills, than a bunch of $100 bills bulging in my pocket. Thieves
will see that bulge, and think or know that you are carrying a wad
of cash. I would like to put a couple $1,000s in my wallet, and
call it a day. No need to let anyone now I'm carry it. The only
real time I could see a mugger get you, is if they see you pay for
a $500 or less purchase, and you pay with a $1,000 bill, and the
mugger sees the cashier hand you a $500 bill or a $100 and a couple
$200s and some other odd change back, then waits to steal that
remaining $500 and some dollars from you.


There are times when only cash will do the job. Go to a coin show
where nobody knows you, and it's the universal solvent. In certain
states the dealer will sell to you for a lower price if he's
inclined to ignore sales tax requirements.

James
'ducking for cover as the usenet morality police muster'


I seldom get to shows but I would think that any dealer who offers
high priced merchandise would be equipped to accommodate credit cards
and perhaps personal checks, rather than have his first customer
saddle him with a (theoretical) $500 or $1,000 bill or risk getting a
bogus one. If I were to attend a show with a budget of $1,000, I
sure wouldn't carry that much cash with me, regardless of the
denominations. If a dealer wouldn't take my plastic or my check and
ID for a $500+ purchase, that would be his loss.


Certainly cash has its place. Whenever I go out and buy bags of crystal
meth, hollow point bullets or Russian cigarettes, it's a cash-only business.
So, let's just ignore those corner cases where cash is really king.

You're walking down the street and get mugged. Would you rather have on you

a) $23.14 and a plastic comb
b) A wallet with a plastic credit card that you can neuter with your cell
phone as soon as the robbery is over.
c) a $1000, two $500 and one $200 bills.


  #10  
Old July 26th 09, 01:39 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default A chance for new $500 and possibly $200 Federal Reserve Notes?


"Thomas A." wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill
in your pocket? And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500,
or $1,000 bill in my pocket. Who needs to know its even on me?
What? Do you think I'm going to go walking down the street singing
"I got a $1,000 bill in my pocket, do da, do da" or talk about
having a huge amount of money, to anyone?

Bill Cosby had a routine about doing just that after learning karate.
Unfortunately, the guy who attacked him was a midget and threatened
to blow Bill's kneecap off if he didn't hand over the dough.

The point is, I would feel MUCH safer caryying a couple $1,000
bills, than a bunch of $100 bills bulging in my pocket. Thieves
will see that bulge, and think or know that you are carrying a wad
of cash. I would like to put a couple $1,000s in my wallet, and
call it a day. No need to let anyone now I'm carry it. The only
real time I could see a mugger get you, is if they see you pay for
a $500 or less purchase, and you pay with a $1,000 bill, and the
mugger sees the cashier hand you a $500 bill or a $100 and a couple
$200s and some other odd change back, then waits to steal that
remaining $500 and some dollars from you.

There are times when only cash will do the job. Go to a coin show
where nobody knows you, and it's the universal solvent. In certain
states the dealer will sell to you for a lower price if he's
inclined to ignore sales tax requirements.

James
'ducking for cover as the usenet morality police muster'


I seldom get to shows but I would think that any dealer who offers
high priced merchandise would be equipped to accommodate credit cards
and perhaps personal checks, rather than have his first customer
saddle him with a (theoretical) $500 or $1,000 bill or risk getting a
bogus one. If I were to attend a show with a budget of $1,000, I
sure wouldn't carry that much cash with me, regardless of the
denominations. If a dealer wouldn't take my plastic or my check and
ID for a $500+ purchase, that would be his loss.


Certainly cash has its place. Whenever I go out and buy bags of crystal
meth, hollow point bullets or Russian cigarettes, it's a cash-only
business. So, let's just ignore those corner cases where cash is really
king.

You're walking down the street and get mugged. Would you rather have on
you

a) $23.14 and a plastic comb
b) A wallet with a plastic credit card that you can neuter with your cell
phone as soon as the robbery is over.
c) a $1000, two $500 and one $200 bills.


What color is the comb?


 




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