XPost: can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 21/07/2011 11:01 AM, Sum Guy wrote:   
   > Canuck57 wrote:   
   >   
   >> Ask the RCMP, $1000 bills are only used for criminal activities.   
   >> No honest activities occur with his volume of cash, the idea   
   >> was to keep it from showing on the income account.   
   >   
   > Speak for yourself.   
   >   
   > I've had a few dozen of those $1000 bills in the past.   
   >   
   > And frankly, I'd rather just as well keep my money in cash at home in   
   > the form of $1000 bills vs having to split my money up across 3   
   > different banks, keeping just under their $100k per account limit.   
   >   
   > The reason why we don't have them any more is not because of organized   
   > crime (they much prefer $100 and $50 bills anyways).   
   >   
   > The reason is because too many people with high net worth would hord too   
   > much of the money supply and keep their money in that form at home, out   
   > of circulation, vs having that money sitting in bank accounts where   
   > (theoretically) the banks can loan that money out and keep the wheels of   
   > the economy turning (not that that policy is working here in Canada or   
   > the USA).   
      
   Funny, I would rather keep it in gold in my safety deposit box as not to   
   worry about home invasion or theft.   
      
   As for hoarding, you can do that electronically and internationally.  In   
   fact, offshore outside of Canadian fraud banking you can get 4.5% and up   
   interest with AAA asset backed loans.  Panama Canal for example.   
      
   --   
   What government fears the most is that the people correctly learn that   
   they need government less than the government needs them.   
   Say no more debt, no more debt-slave taxes.  Economic freedom matters too!   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)