Comments on: New $100 Bill Launches into Circulation on October 8, 2013

By: Munzen

Munzen — Tue, 11 Jun 2013 23:59:09 +0000

Tom – internet chain letters not withstanding, there’s _no_ clamor to remove “In God We Trust” from coins or currency. For one thing, it’s now legally required so our best-that-money-can-buy Congress would have to go along with any removal. As the Brits say, “not bloody likely”. And anyway, the whole issue is a tempest in an eyedropper that only gets a few on the far left and far right worked into diametrically opposed frenzies.

Second, could you explain to the rest of us how a new $100 bill, even with such an amateurish design, correlates to the purported introduction of a supposed world currency? Even the euro is having trouble and it’s not even used by the full EU, let alone the entire planet.

By: RonnieBGood

RonnieBGood — Thu, 02 May 2013 16:35:36 +0000

Shawn, Thanks for the info.

We are all a bit safer with a bit of physical Silver and Gold.

By: Shawn

Shawn — Thu, 02 May 2013 12:27:43 +0000

RBG,
Mt Gox was raided by the japanese police today and will be closed Friday. They are accused of market manipulation and DDOS attacks. This is the largest Bitcoin exchange.

By: Shawn

Shawn — Thu, 02 May 2013 01:35:19 +0000

RBG,
A problem may arise if the central banks actually see this as competition. Legal tender laws and all, I would suggest that converting bitcoins into currency may become impossible.
Thus, you are all in or all out. If the banks continue with the bail-ins (and I think they will) bitcoin could become very popular.
Personally, I like the weight of a good ounce in my hand. It will trade locally, if push comes to default.

By: Tom

Tom — Thu, 02 May 2013 00:13:41 +0000

In reply to RonnieBGood. I hope that doesn't mean a one world currency. Every country having its own currency is a sign of each country's independence, even though it's not the only one.

By: RonnieBGood

RonnieBGood — Wed, 01 May 2013 23:36:13 +0000

Hi Shawn,
The Bitcoin is an interesting concept. So were the internet and the cell phone. I believe it will take hold in the future but I am not comfortable enough to invest. There have been wild swings in price and I have read about the problems in Canada. With the US banking system straining under the weight of its own debt (as well the Euro) I see a system like this succeeding in the future. As on-line banking and cell phone purchasing replace the credit card the reality of a Bitcoin is much less of a fantastic idea. Most of the world currency already exists in electronic form. I like the idea of no ties to a central bank. Perhaps a working world currency will emerge.

By: Shawn

Shawn — Wed, 01 May 2013 11:58:23 +0000

RBG,
Yes, I have been following it for about 18 months. There are competitors as well, but BTC seems to be emerging as an interesting experiment. The problems continue to be large however: Canada is set to tax it, merchants must exchange it into currency at time of sale (which gives banks some power) especially in Canada where they are starting to refuse to maintain exchange accounts.
Still, it has possibilities if people will start to accept it for goods and services without exchanging it for currency.
It is dependent on a working internet (could be troublesome) and the speculators are jerking the valuations around, but it continues to be anonymous and the actual system has withstood cyber attacks.
What are your feelings on the matter?

By: RonnieBGood

RonnieBGood — Wed, 01 May 2013 01:27:22 +0000

Shawn,
Have you ever heard of a Bitcoin? An idea that may or may not take hold.

Check out the link about this digital currency that is not tied to a central bank:
http://live.wsj.com/video/whats-a-bitcoin-2013-04-12-181151853/D79FF38C-7816-435B-B3B0-F9B177BCA0A8.html

By: paul

paul — Tue, 30 Apr 2013 16:01:11 +0000

All I see is the Disappointed face Of B F, Inwardly saying,
OMG, what have they done to the monetary system of AMERICA ?

By: Shawn

Shawn — Tue, 30 Apr 2013 12:22:08 +0000

It is amazing how much garbage can be put into a piece of garbage. Should keep the small timers out of counterfeiting. Superbills? They’ll just keep on printing. It is so much easier to use gold and silver, though they may be debased, it is easier to test and confirm. There is that Constitutional thingy as well.
Oh wait! We would have to ask a private banking corporation to give up control of our currency, where they have replaced money with debt instruments (notes).
End legal tender laws, let the People decide what is money.