Small Bills Encountergreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Quote from KITCO Gold Discussion Group:
"Date: Tue Nov 02 1999 13:34 long rifle (just back from the bank...gave me a bunch (small bunch) of hundreds) ID#32774: ..asked for smaller bills..they said in so many words please takem were running out of small stuff....has it started.."
-- ng (email@example.com), November 02, 1999
I wonder what size bills they printed for the alleged extra $50 billion they were supposed to print for Y2K emergencies. With all the new 50's and 20's the Treasury has been printing lately, it makes one wonder why the hell they didn't do the 10's, 5's, and 1's first. Either the Treasury Dept. is really stupid or they're planning on converting to digital and destroying all the cash anyway.
-- Hawk (firstname.lastname@example.org), November 02, 1999.
IMO, $100 bills will work just as well as toilet paper as the 10's, 5's, and 1's. Now gold and silver, that's a different matter alltogether.
-- TJ (email@example.com), November 02, 1999.
I am in Canada, and just went to the bank in the past week to get some cash out of the ATM machine.
Now there is a message that comes up, after you select "withdrawal", that asks you to enter the amount IN MULTIPLES OF TWENTY DOLLARS.
That message, nedless to say, was NOT there as recently as mid-October!
BTW,I bank at one of the BIG 6 banks, as here in Canada we don't have thousands of small banks as you do in the USA.
Anyone else notice this? Means NO 5's OR 10's from ATM's.
Things are falling into place as far as the post about 10 days ago from someone in Calgary whose bank advised them that the bank would NOT guarantee ANY cash withdrawals after Dec. 8(?).
-- profit of doom (firstname.lastname@example.org), November 02, 1999.
You can print 50 billion a lot quicker when you print it in 100's rather than 10's (about 10 times as fast, I'd say.). And there is only so much printing capability...
-- Mad Monk (email@example.com), November 02, 1999.
profit of doom: here in the states we have had to withdraw in increments of 20 for as long as I have been using an ATM card. (Ok, ok, I can remember when I was in college in the late 80's I could withdraw as little as 10 so it must have been in increments of 10 back then). It would be weird if, here, it went up to increments of 50 or something.
-- preparing (firstname.lastname@example.org), November 02, 1999.