Peter Kline
Senior HTF Member
- Joined
- Feb 9, 1999
- Messages
- 2,393
Our money gets ever closer to looking like it came from a Monopoly box...or Canada.There's a difference between Monopoly money and Canadian money?
There's a difference between Monopoly money and Canadian money?Canadian Tire money is more valuable than either of those!
Heh, you guys finally have the technology to print colored bills?Actually many countries have the "US Banknote Company" print their currency for them, so it's probable that we invented the colorful currency most other countries enjoy.
These new bills will do nothing to prevent that until all of the old bills are destroyed, which will happen exactly...never.You're sure about that?
A bill only lasts for about eighteen months. And seeing as most people don't hang onto their cash forever, each and every bill eventually goes back to a bank.
ex.
You have a twenty dollar bill. You spend that bill at a store. The store sends that bill to a bank. If the bill is old enough, it (and many others) will be given to the government. The government destroys the old bills and gives the bank newly manufactured ones. The bank now has the new bills which it distributes every time someone (be it a person or business) takes money from their account, cashes a check, etc.
Look at the twenty as it currently is, with it's off center picture of Jackson. Twenties from a few years ago had the picture in the center. But bills with the picture in the center are disappearing because of the above process. And the current twenties will be replaced with the more colorful ones by the same means.
Sure, there will always be those who use a mattress as a bank, and keep the same physical cash for years and years, but most cash is eventually circulated back to the government.
The next time you get some money from the ATM, see how long it stays in your wallet. It will make it's way back to a bank before long.
EDIT-
Max beat me by one minute.