Comments on: US Banknote Production Reaches 720.5 Million in September https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/ CoinNews delivers the latest World and US coin news Fri, 28 Oct 2016 17:19:21 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Mammoth https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182904 Fri, 28 Oct 2016 17:19:21 +0000 http://www.coinnews.net/?p=60219#comment-182904 Joe – Respectfully, I disagree with your assertion that $100 bills are ‘mostly used for moving illegal money.’

I am a law-abiding citizen and prefer cash transactions to electronic. With the ever-overbearing government insinuating itself more and more into our everyday lives, I feel that it is nobody else’s business what I spend my money on, nor do I believe they have the right to tax every single transaction.

$100 bills have a useful purpose.

]]> By: Seth Riesling https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182809 Fri, 28 Oct 2016 01:34:08 +0000 http://www.coinnews.net/?p=60219#comment-182809 According to the BEP & US Treasury Department, 60 percent of all US banknotes (FRNs) are held by foreign governments & foreign individuals. It shows how powerful the US $ is as the world reserve currency.

-NumisDudeTX

]]> By: Whistler https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182783 Thu, 27 Oct 2016 20:52:38 +0000 http://www.coinnews.net/?p=60219#comment-182783 Joe, this wold be another shot @ financial privacy. No 50’s or 100’s what a joke, I know to stop ‘drugs” & for the children, while we ship a billion in ca$h to the Mullahs in Iran, yes the Government is l00king out for US! not

]]> By: Joe C. https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182771 Thu, 27 Oct 2016 19:05:05 +0000 http://www.coinnews.net/?p=60219#comment-182771 Munzen,
Yes , I heard that. Also I think they were considering to stop making the $50. Probably won’t happen considering it only cost about 8 cents to print a bill.

]]> By: Munzen https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182767 Thu, 27 Oct 2016 18:01:58 +0000 http://www.coinnews.net/?p=60219#comment-182767 Joe – I don’t know if the Treasury is considering that option yet, but a couple of independent advisors have recently recommended discontinuance.

Also the ECB is planning to phase out the €500 note for the same reason. However they don’t plan to eliminate €200 and €100 bills because some parts of the EU are still very cash-oriented.

]]> By: Joe C. https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182763 Thu, 27 Oct 2016 17:22:56 +0000 http://www.coinnews.net/?p=60219#comment-182763 They should stop making $100s and recall existing $100s. They are mostly used for moving illegal money activity around the world. Just look at the number of notes printed.

]]> By: Mammoth https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182742 Thu, 27 Oct 2016 15:43:29 +0000 http://www.coinnews.net/?p=60219#comment-182742 Printing your way to prosperity works – as long as you are still the world’s reserve currency.

]]> By: Magerlee https://www.coinnews.net/2016/10/27/us-banknote-production-reaches-720-5-million-in-september/#comment-182727 Thu, 27 Oct 2016 14:03:35 +0000 http://www.coinnews.net/?p=60219#comment-182727 More fuel for the fire! LOL

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