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About 80% of $100 bills are outside the US. It isn't clear whether they are being used by crooks or as a bullion-equivalent by normies who don't trust their local currencies.
Based on these stats that works out as about $1.5 trillion of Benjamins held outside the US (15 billion notes), representing an interest-free loan to USG that covers a few percent of the national debt.
Some of the really budget single ply stuff is somewhat similar to sand paper tbh, and given that he works for the NHS I wouldn't be surprised if he's encountered literally the worst toilet paper ever produced by humankind.
Again completely agreed, it's weird how the USA seems to be that one single country in the world where the price you see on labels is not the price you pay.
Canada add GST (their equivalent of VAT) and provincial sales tax at the till in the same way as America.
My understanding is that at the time the EUR was introduced in 2002, Germany still had sufficiently backward payments tech (for similar reasons to the US - basically a lot of small state-licensed banks and a culture that wanted to protect them against competition from large national banks with proper IT departments) that sometimes the only way to get a large transaction through on a same-day basis was to use a wad of 1000 DM notes. The 500 EUR note was a like-for-like replacement, and was no longer needed once Germany developed a nationwide electronic payments system that actually worked.
The 100k only existed as a gold certificate (and therefore illegal for private individuals to hold during the New Deal era when private holdings of gold were restricted). The 500, 1k, 5k and 10k existed in all forms of US currency including legal tender Federal Reserve Notes ("green" money). The original Binion's Horseshoe casino in Las Vegas (home of the WSOP) had a tourist attraction where you could be photographed in front of a million dollars in 10k bills.
As with all obsolete US currency, the large denomination notes are still legal money and a regulated bank should accept them for deposit at face value. They are rare enough that the numismatic value normally exceeds the face value, so this never happens.
What parts of a whole one thinks relevant is a subjective question, though, not "completely separate realities". Someone who thinks toast colour is the most important thing in the world can still agree with you on whether the toaster's plugged in.
I'm not going to say there aren't true delusions on that side of the fence, though. I'd argue that the overuse of "fascist" is to some extent a differing definition of the term rather than a disagreement on ground truth... but only to an extent.
I remember that incident, but the guy has multiple blogs jam-packed with nuanced takes on a million different topics. It's like calling the Austrian mustache man a "noted vegetarian."
American reactions are pretty bizarre, I don't understand how these people take themselves seriously. Take this «House Select Committee on the […] CCP»:
“China’s action today is an economic declaration of war against the United States and a slap in the face to President Trump amid his efforts to fight for a level-playing field. China has fired a loaded gun at the American economy, seeking to cut off critical minerals used to make the semiconductors that power the American military, economy, and devices we use every day including cars, phones, computers, and TVs. Every American will be negatively affected by China’s action, and that’s why we must address America’s vulnerabilities and build our own leverage against China. We should immediately pass my legislation to end preferential trade treatment for China, build a resilient resource reserve of critical minerals, secure American research and campuses from Chinese influence, and strangle China’s technology sector with export controls instead of selling it advanced chips. Xi Jinping only respects strength and I am ready to work with patriotic business leaders, our congressional leadership, and the Trump Administration to show China that its belligerent trade actions will be met with serious efforts to protect the American people, secure our supply chains, and cut off the flow of U.S. capital and technology into China."
Man, why the pearl-clutching? Why the shocked Pikachu face? It's unbecoming. This is explicitly a retaliation for your ongoing and already very impactful attempts to throttle their tech sector, you've declared this war many years ago when you sentenced Huawei to death. Moreover the fact that they'll eventually be in a position to retaliate via REE dependence has been known for well over a decade, and there's been a warning shot in Japan over Senkaku. You chose this route, your team was consistently rejecting all offers of deescalation because you believed to have escalation dominance. So own it. The extent of third-worldist hypocrisy is breathtaking:
China’s new rare earth export controls prove one thing: Beijing will weaponize any leverage it has.
America needs a new normal—not tit-for-tat.
We must strategically decouple and throttle the PRC tech sector before it’s too late. 🧵
Chinese export controls are obviously tit-for-tat for US export controls, so by new normal they basically mean unrestricted always-defect economic warfare. It seems that the US isn't really capable of negotiating, the notion that you can't always bully your way to an objective is alien to these folks (we've already seen this with Bessent's "China has revealed itself as a bad actor"). There's the assumption that the US (or at least "with allies") necessarily possesses some hidden strength that can be activated to indignantly reject the adversary's offer.
Well, maybe there is. I'm optimistic that out-of-China production can be scaled up in a matter of years, if no deal is made. Primarily China intends to cripple defense applications, and frankly how can you object to that, this idea «greedy communists will sell us the materiel to shoot them with» has always been risible. They are also likely going to suppress the planned reindustrialization and (very dubious) robotic labor revolution in the US. All of that «just» reduces CAGR in a wide range of industries for the next 3-7 years, while Chinese physical productive capacity keeps growing exponentially. The demand for chips, though, will definitely be met. In the meantime, the US will have to capitalize even harder on its software/AI advantage. We'll see which is more important.
Also a 100,000 dollar bill, again for use between major banks only. Private handling of one was illegal.
https://en.wikipedia.org/wiki/United_States_one-hundred-thousand-dollar_bill
Nah, he hated central banks and had a huge wheel of cheese in the Whitehouse on his inauguration. One of the coolest presidents.
My aunt just used a rolled up newspaper applied to the nose for a mild negative reinforcement equivalent to the dope slap. But dogs are social animals, they’re as motivated by disapproval as much or more than pain. “BAD DOG” in the right tone of voice is usually all you need, I think.
Sure, it is not absurd to have a perfectly inelastic supply curve, in theory. Presumably, you'd still have a downward-sloping demand curve and an equilibrium price, yes? Or are you wanting to posit a perfectly inelastic demand curve, too? Honestly, I wouldn't know what to say other than, "Wow, such theory," because yes, I'm pretty sure it is trending toward absurd to think that either of these is actually the reality in the low-pay labor market... and it gets more and more absurd to think that both are the reality.
Which brings me back to... anyone got any evidence that this theoretical edge case is actually the case in reality?
You are doing something very wrong. Or you have bought sandpaper from the hardware store by mistake.
There is almost no big USA company that has not some DoD contracts.
Very Roman of you!
I recall dealing with both that and the $2 bill a lot in college. The ticket machines for the train didn't take cards, and for some reason gave dollar coins as change, so if I only had $20s I now had 18 Susan B. Anthonys in my pocket. Then one of the officers in my frat had the bright idea of giving $2s as change at our parties, so people would associate us with those and I guess come to parties more. Must have annoyed the hell out of cashiers.
I think its more like the witch hunter's community promised that they would not suffer any witch to live among them. Which kind of happened automatically because no witch wanted to live there (except maybe for an ultra-powerful immortal witch that wandered in for a laugh to show how silly and impotent the witch hunters were).
But pretty much the witch hunters got bored with no witches to kill and started hunting each other. The community slowly died off as a result.
Well, then I must not be a man, as this didn't work whenever I tried it. Despite the insistence of a particular lasagna-loving cat I do indeed, appear, sadly?, to be so immune.
I could perhaps have been shocked out of that state if my mind was changed a long time ago, but therein lies the problem- if it's competition a boy is rejecting, you might have to give him a... bit of slow pitch so that he actually bothers. But why would any sane man (or woman, for that matter) allow a good woman to waste herself on play-dominance training for such a boy to the strict detriment of his more natively competition-minded peers?
I stand corrected then. Or perhaps it's because TP has given me hemorrhoids and sitting is agony.
Multiple countries have changed which side of the road they drive on, adopted the metric system, or switched the alphabet used to write their official language, so clearly such reforms are possible, even if they cause a great deal of temporary confusion. The question is simply whether the inconvenience is worth it and if the political will exists.
I would eliminate pennies, nickels, and dimes as you suggest, but bring back a redesigned half dollar coin as well. I also prefer dollar coins to bills, and think having both in circulation is silly. The price reform is sensible, but as others have pointed out the $200 bill would mostly just help the money laundering industry.
I wouldn't trust Europe to figure out a way to manufacture toilet paper really. Low cost manufacturing or processing just isn't their strong suit.
Its funny you say that seeing as europe is the world leader in the production and export of toilet paper.
Yes, from scraping your anus raw with barely processed wood. The best feature of TP is that the designers managed to make it turn red to let you know it was done!
Not only should masked ICE agents continue to deport illegals anywhere they could be found, there should be a mandatory ICE detachment in every school, hospital and government building. There should be ICE backed up by the National guard at fucking Target. Don't even get me started on what I wish they would do to the anti-ice protestors.
Was he a bad president in the sense that he was guilty of the grave moral failing of racism or in the sense that his actions sabotaged the interests and conditions of the nation? Also, in what sense of the word was his racism seen as severe?
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