Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
malanu...@aol.com
I just made a topic about writing to NAMA, and I'm sending them a
letter, and a copy of the three bills I am proposing to Congress,
looking for support. But I had a question.
Is there any way that the vending industry would benefit from
denominations larger than $100? I mean, I know that the casino
industry would love people carrying around $1,000 bills, but are the
casino machines considered "vending" machines? Or is the casino
industry seperate? Are self-checkouts considere vending machines?
Because I know that my mother can blow as $200, or even a $500 bill,
on groceries, and I'm pretty sure that we could blow a $1,000 bill,
during Christmas time, with all of the gift buying for the kids and
grandkids, and all of the crappy quailty Christmas lights and light-up
decorations we have to replace each year, since they quit working,
after a year, even if packe away safely. So, if self-checkouts are
vending machines, that is one way I could see the vending industry
benefit from denominations larger than $100. But, are there any other
vending machines that would be possible to need to accept these three
large denominations?
lorinc...@yahoo.com
Never going to happen. The large denoms have been out of circulation
so long that there is little basis in current society for their use.
On top of that, the government gets a lot of mileage out of being able
to track electronic transactions. Third, you've got businesses now
that won't take a $50 or $100 for fear of loss on a counterfeit.
Fourth, I meet people all the time that refuse to carry any cash
whatsoever. I think they're retarded, but being retarded seems to
work for them. I personally am all for high-security large
denominations, but I don't see it ever happening.
Maybe when the Amero is foisted upon us they will match the Euro,
which has upper denominations of 200 and 500. : )
-beaumon
malanu...@aol.com
>
> Maybe when the Amero is foisted upon us they will match the Euro,
> which has upper denominations of 200 and 500. : )
>
What exactly is this "Amero" currency I've recently heard about? Is it
like an american version of the Euro, or what? And if we went to this
Amero, and it had 200 and 500 Ameros, and it was the same value as the
current Federal Reserve notes, we could still use a 1,000 Amero note,
seeing as the 500 Euro note is worth over $800 U.S. already.
Bruce Remick
<malanu...@aol.com> wrote in message
news:a622240a-7c06-4814...@g3g2000pre.googlegroups.com...
----
Amero 500 or 1,000 bills will be of little use to those out of work or to
others struggling to make ends meet. One more idea that would appeal most
to those few well-heeled individuals who might actually do their own
shopping in a store with large amounts of cash. I wonder what percent of
the population they would comprise.
Padraic Brown
>Hey,
>
>I just made a topic about writing to NAMA, and I'm sending them a
>letter, and a copy of the three bills I am proposing to Congress,
>looking for support. But I had a question.
>
>Is there any way that the vending industry would benefit from
>denominations larger than $100? I mean, I know that the casino
>industry would love people carrying around $1,000 bills, but are the
>casino machines considered "vending" machines? Or is the casino
>industry seperate?
Casinos seem to be moving away from cash. I went to Las Vegas a few
years ago fully expecting to find all those machines that take (and
pay out) dollar coins and half dollars and the like. In reality, all
the casinos I went to had machines with swipe cards and accepted paper
currency (so here I agree that casinos *might* benefit from higher
denomination currency). The payouts came in the form of a receipt that
you had to take to the cashier. We stopped at the big casino up in
Akwesasne and found none that would take coins at all.
>Are self-checkouts considere vending machines?
If they don't presently accept $100 notes, they are unlikely to accept
any future large denomination notes. I could see self checkouts at
Home Depot or similar accepting such -- contractors can spend lots of
money there.
>Because I know that my mother can blow as $200, or even a $500 bill,
>on groceries,
Wow. I can only hope she still has a large family at home! $500 a
month on groceries is a *lot* of money.
>and I'm pretty sure that we could blow a $1,000 bill,
>during Christmas time, with all of the gift buying for the kids and
>grandkids, and all of the crappy quailty Christmas lights and light-up
>decorations we have to replace each year, since they quit working,
>after a year, even if packe away safely.
I've found that the led xmas lights are pretty stable and last a good
while. You might try them. They also supposedly take less electricity
to operate.
>So, if self-checkouts are
>vending machines, that is one way I could see the vending industry
>benefit from denominations larger than $100. But, are there any other
>vending machines that would be possible to need to accept these three
>large denominations?
Perhaps ticket vending machines (trains, planes, perhaps theater
tickets). Perhaps a very high end machine that vends expensive watches
or jewellery in some posh hotel or something like that.
I can't really think of a great need for vending machines that take a
$500 note. For that matter, I can't think of any great need for a $500
note, and I've been generally in favour of the high denomination
notes. Even with inflation eating away at the value of money -- I'd
bet that a $500 note buys today what a $100 note bought 25 or 30 years
ago -- the ubiquity of electronic payments at places where expensive
things can be bought all but obviate the need for large bills. I do
think they should be available for people who need or wish to use
them, though. There are always venues where the availability of
electronic payments are unavailable or spotty -- small towns, coin
shows, antique shows, flea markets, etc. And in general, it's just
plain silly (and ultimately dangerous) to have all your purchases
tracked and collated in some database somewhere...
Padraic
Michael G. Koerner
It's the current rage among the sinister-conspiracy-to-take-over-the-World
types and they've been having their fun with it for the past few years.
Dan Carr got the Conspiracy Kooks really going when he made up some fanciful
coin designs for such a 'currency' when he was testing out some new CAD
software that he wrote and put them up on his website.
(hehehehehe)
--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________
dsybok
> Is there any way that the vending industry would benefit from
> denominations larger than $100? I mean, I know that the casino
I would love to have a $500 or $1000 option for when I buy a car in cash or
something along those lines. The government does not want people having the
ability to carry around such large sums undetected, and prefers the $100 to
be the largest denomination, so whether or not it is useful, the Feds will
never allow it, so its pretty useless to speculate.
D
Bruce Remick
"dsybok" <dsy...@hotmail.com> wrote in message
news:IOCdneC_Wsq9r_fU...@earthlink.com...
If this size bill ever became commonplace for purchases, every person
heading for a car showroom entrance would be vulnerable to salivating crooks
looking to pick out a fool stupid enough to carry a wad of $1,000's. I'd
prefer to lose a credit card and twenty bucks; the card can be cancelled.
But then I'd probably get shot for only having twenty bucks. Bummer.
Today, I'd be curious as to what percentage of new car sales involve the
exchange of any amount of cash at all.
rjn
> Is there any way that the vending industry would benefit from
> denominations larger than $100?
Stay near your phone. If the festering fiscal insanity in DC
has predictably Zimbabwean results, you may be drafted
to design the $50,000,000.00 bill.
Meanwhile, what the vending industry would benefit from is
some stability in the security features of US currency.
I recently tried to use automated car washes in a nearby
city, and every one of them had the bill slot taped over.
My guess is that the wash owners have been unwilling to
pay for bill scanner upgrades to keep up with the churn
coming from Treasury engravers.
> I mean, I know that the casino industry would love people
> carrying around $1,000 bills,
The casinos would just like to have customers at the moment.
They've already covered the large sums issue with player
cards and chit printers in the gaming equipment.
But if we pretend that we won't have runaway inflation, the
IRS stands in the way. They'd like all transactions to have
paper trails, and they'll lobby against anything larger than
today's $100.
--
Regards, Bob Niland mailto:na...@ispname.tld
http://www.access-one.com/rjn email4rjn AT yahoo DOT com
NOT speaking for any employer, client or Internet Service Provider.
PC
"Bruce Remick" <rem...@cox.net> wrote in message
news:s6nal.6585$1k1....@newsfe14.iad...
>
> Amero 500 or 1,000 bills will be of little use to those out of work or to
> others struggling to make ends meet. One more idea that would appeal most
> to those few well-heeled individuals who might actually do their own
> shopping in a store with large amounts of cash. I wonder what percent of
> the population they would comprise.
>
Personally if I have $200 or more in my wallet I take some out and put it in
a safer place. The bills would be a nice novelty but I suspect most people
would not use them.
PC
>
> Today, I'd be curious as to what percentage of new car sales involve the
> exchange of any amount of cash at all.
I bet there are a lot of cars sold for around $9,500 dollars that are
purchased with cash.
PC
"rjn" <emai...@yahoo.com> wrote in message
news:f59565b7-89ac-41b9...@r15g2000prd.googlegroups.com...
> But if we pretend that we won't have runaway inflation, the
> IRS stands in the way. They'd like all transactions to have
> paper trails, and they'll lobby against anything larger than
> today's $100.
>
"They would like" - but do they have the right? I am looking for the
article in the constitution that says the goverment should be able to trace
all transactions. I can't find it.
Mr. Jaggers
While you're looking, I have a list of other government activities I wonder
if the Constitution supports...
James
Bruce Remick
"PC" <P...@Minneapolis.mn.us> wrote in message
news:gl2bb2$a1s$1...@news.motzarella.org...
NEW cars? As for used cars, all bets are off. But if I were selling one
for $10k and a guy offered me payment in all $500's or $1,000's, I think I
would pass.
PC
>
> "PC" <P...@Minneapolis.mn.us> wrote in message
> news:gl2bb2$a1s$1...@news.motzarella.org...
>>
>> "Bruce Remick" <rem...@cox.net> wrote in message
>> news:Nhxal.6671$1k1....@newsfe14.iad...
>>
>>>
>>> Today, I'd be curious as to what percentage of new car sales involve the
>>> exchange of any amount of cash at all.
>>
>> I bet there are a lot of cars sold for around $9,500 dollars that are
>> purchased with cash.
>>
>
> NEW cars?
Sure - if you are laundering money you don't want to tip the IRS off with a
cash transaction > $10,000. I vaguely recall a local car dealer who was
busted about five or so years ago because he had an unusually large number
of such transactions on the books.
>As for used cars, all bets are off. But if I were selling one for $10k
>and a guy offered me payment in all $500's or $1,000's, I think I would
>pass.
If I was reasonably assured they were real and I knew where to find the guy
I would take them. I might go to the bank in short order though.
Mr. Jaggers
You might not be safe going to the place where you could "find the guy"
unless you take a blaster or two along with.
James
PC
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gl2f...@enews2.newsguy.com...
>>
>>> As for used cars, all bets are off. But if I were selling one for
>>> $10k and a guy offered me payment in all $500's or $1,000's, I think
>>> I would pass.
>>
>> If I was reasonably assured they were real and I knew where to find
>> the guy I would take them. I might go to the bank in short order
>> though.
>
> You might not be safe going to the place where you could "find the guy"
> unless you take a blaster or two along with.
>
If someone just passed me nearly 10K in counterfeit bills I don't need to
find him - I just need to tell the Secret Service where to find him
note.boy
I try not to carry any more than Ł40 or so in cash. Billy
RWF
> If someone just passed me nearly 10K in counterfeit bills I don't need
> to find him - I just need to tell the Secret Service where to find him
You'd be out the 10 grand though.
PC
"RWF" <R...@200901.invalid> wrote in message
news:gl2qge$t56$1...@news.motzarella.org...
and the car already chopped up and sold in pieces to the black market :-)
Bruce Remick
>
> "Bruce Remick" <rem...@cox.net> wrote in message
> news:oQ2dl.29256$qi.2...@newsfe09.iad...
>>
>> "PC" <P...@Minneapolis.mn.us> wrote in message
>> news:gl2bb2$a1s$1...@news.motzarella.org...
>>>
>>> "Bruce Remick" <rem...@cox.net> wrote in message
>>> news:Nhxal.6671$1k1....@newsfe14.iad...
>>>
>>>>
>>>> Today, I'd be curious as to what percentage of new car sales involve
>>>> the exchange of any amount of cash at all.
>>>
>>> I bet there are a lot of cars sold for around $9,500 dollars that are
>>> purchased with cash.
>>>
>>
>> NEW cars?
>
> Sure - if you are laundering money you don't want to tip the IRS off with
> a cash transaction > $10,000. I vaguely recall a local car dealer who was
> busted about five or so years ago because he had an unusually large number
> of such transactions on the books.
If you know of a place where new cars can be had for $9.5K, you may beat me
there, but I might be second.
>
>>As for used cars, all bets are off. But if I were selling one for $10k
>>and a guy offered me payment in all $500's or $1,000's, I think I would
>>pass.
>
> If I was reasonably assured they were real and I knew where to find the
> guy I would take them. I might go to the bank in short order though.
I think I'd tell HIM to go to the bank and then see if that would present a
problem.
>
PC
>
>>
>>>As for used cars, all bets are off. But if I were selling one for $10k
>>>and a guy offered me payment in all $500's or $1,000's, I think I would
>>>pass.
>>
>> If I was reasonably assured they were real and I knew where to find the
>> guy I would take them. I might go to the bank in short order though.
>
> I think I'd tell HIM to go to the bank and then see if that would present
> a problem.
>
I think that easily falls under the definition of "reasonably assured".
Hard to see why anyone would protest :-)