Quote:
Originally Posted by Barry-xlovecam
@robbie
Since Nixon ended the Bretton Woods Agreements and allowed private ownership of gold the US Dollar has lost 80% of its value. But it is probably a red hearing argument -- just like yours of the largest currency allowed to be held.
The dollar is worth less because of inflation for reasons too numerous to mention.
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I wasn't making the argument that smaller denominations led to the devaluation.
I was simply pointing out that it would make MORE sense to have bigger denominations since our money is almost worthless compared to the past.
And the reasoning for that is so the govt. can keep citizens from having large amounts of cash. Gives them even more control over us. They don't want us to use cash...harder for them to steal...er, I mean tax us.
Think about it...you could have had 10 ten thousand dollar bills in your pocket OR today you would need 1,000 one hundred dollar bills in a big suitcase.
I'm sure they justified it with (as usual) the "War On Drugs". But it just makes it easier for them to keep track of us and not let us get away without paying tax on everything.