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Would the vending industry benefit in any way, from $200, $500, and$1,000 bills?
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? 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? |
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#2
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Would the vending industry benefit in any way, from $200, $500,and $1,000 bills?
On Jan 11, 12:40*am, wrote:
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? 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? 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 |
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Would the vending industry benefit in any way, from $200, $500,and $1,000 bills?
Maybe when the Amero is foisted upon us they will match the Euro, which has upper denominations of 200 and 500. *: ) -beaumon- 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. |
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Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
wrote in message ... Maybe when the Amero is foisted upon us they will match the Euro, which has upper denominations of 200 and 500. : ) -beaumon- 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. ---- 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. |
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Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
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Would the vending industry benefit in any way, from $200, $500,and $1,000 bills?
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Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
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 |
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Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
"dsybok" wrote in message m... 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. 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. |
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Would the vending industry benefit in any way, from $200, $500,and $1,000 bills?
wrote:
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 http://www.access-one.com/rjn email4rjn AT yahoo DOT com NOT speaking for any employer, client or Internet Service Provider. |
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Would the vending industry benefit in any way, from $200, $500, and $1,000 bills?
"Bruce Remick" wrote in message ... 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. |
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