Topic: The total value of all U.S. currency is shifting over into 100$ bills (Read 1392 times)
June 24, 2014, 05:59:01 PM
As money buys less you need more of it. Reading this forum has been an education on the federal reserve system. Kind of ticks you off.
June 24, 2014, 06:17:00 AM
Well, this just seems inevitable really. And it's intended of course. Inflation that is.
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
This has a bit about the current US inflation rate:
http://theeconomiccollapseblog.com/archives/inflation-only-if-you-look-at-food-water-gas-electricity-and-everything-else
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June 24, 2014, 01:03:25 AM
This would be expected with moderate inflation levels
June 23, 2014, 03:27:14 PM
Inflation is definitely one of the reasons, but also I think people who are stockpiling fiat want to be able to get the biggest bang in the smallest package.
June 22, 2014, 05:44:39 PM
In Europe, because of AML regulation, starting Jan 1st 2014, the max amount you are allowed to pay in cash for goods or services is EUR 3000, down from EUR 5000 last year... this limit will probably be reduced further in the future, thus some day those elusive EUR 500 notes will become obsolete.
I like the bitcoin user not affected meme, not used often though.
Also, one of my classmates complained that you are only allowed to earn $15000 or so annualy before they will cut government aid on tution fees. Even though none of my classmates even earns close to that amount.
Again, bitcoin user not affected.
June 22, 2014, 02:21:36 PM
They should print $500 and $1,000 bills as well. If the Swiss Franc (which is having exchange value more than that of the US Dollar) can be issued in CHF 1,000 bills, then why can't the same be done with the US Dollar? Even the Euro is available in € 500 bills. Not only it is more convenient to have higher denomination bills, but also it will save a lot of paper, thereby saving the forests.
high-denomination bills were last printed on December 27, 1945, and officially discontinued on July 14, 1969, by the Federal Reserve System.[3] The $5,000 and $10,000 effectively disappeared well before then.
The Federal Reserve began taking high-denomination bills out of circulation in 1969, after an executive order by President Nixon (rather than actual legislation passed by Congress)
the introduction of the electronic money system has made large-scale cash transactions obsolete. When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade and money laundering, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969
http://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency
June 22, 2014, 12:11:01 PM
In Europe, because of AML regulation, starting Jan 1st 2014, the max amount you are allowed to pay in cash for goods or services is EUR 3000, down from EUR 5000 last year... this limit will probably be reduced further in the future, thus some day those elusive EUR 500 notes will become obsolete.
June 22, 2014, 11:40:13 AM
They should print $500 and $1,000 bills as well. If the Swiss Franc (which is having exchange value more than that of the US Dollar) can be issued in CHF 1,000 bills, then why can't the same be done with the US Dollar? Even the Euro is available in € 500 bills. Not only it is more convenient to have higher denomination bills, but also it will save a lot of paper, thereby saving the forests.
June 22, 2014, 08:37:45 AM
Well, this just seems inevitable really. And it's intended of course. Inflation that is.
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
the best way to calculate inflation for yourself is making a list of things you buy on a regular basis. For example make a 'snapshot' of products you buy in a month. And compare these snapshot with each other.
This way you get a feel for what inflation does to you personally.
also, google found this: http://www.migratorynerd.com/journal/finance/the-real-inflation-rate/
June 22, 2014, 08:31:46 AM
My guess is that due to inflation, smaller bills are less popular because they can buy less.
In other words you'd need more of the smaller bills which is impractical.
In other words you'd need more of the smaller bills which is impractical.
June 22, 2014, 07:35:16 AM
Well, this just seems inevitable really. And it's intended of course. Inflation that is.
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
As long as they are hitting their target rate of inflation then everything would be going according to the plans set out by the federal reserve.
I do wonder how much the real inflation is over whatever they estimate it to be. And how reliable their stats actually are.
Does anyone have any data related to that at all?
June 22, 2014, 04:40:49 AM
Relative value of the U.S. currency in cirulation by 100$ was 58.5% in 1993 vs. 77.2% in 2013.
And here is the relative volume by bill.
Inflation anyone ?
All credits go to Randy Olson - http://www.randalolson.com/2014/06/20/dolla-dolla-bill-yall/
And here is the relative volume by bill.
Inflation anyone ?
All credits go to Randy Olson - http://www.randalolson.com/2014/06/20/dolla-dolla-bill-yall/
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