Article

2019-12-18 Economy

$1.5 trillion worth of $100 bills reportedly disappeared

[FoxNews] Almost $1.5 trillion of the world's cash, with U.S. $100 bills making up a great deal of it, is reportedly unaccounted for. So what happened to the money?

"Literally, a lot of these $100 bills are sitting in bank vaults all over the world," Treasury Secretary Steven Mnuchin told FOX Business' Lou Dobbs during an interview on Tuesday.

Mnuchin pointed to the negative interest rates causing people to turn to American dollars as a solid investment.

"The dollar is the reserve currency of the world, and everybody wants to hold dollars," Mnuchin said on "Lou Dobbs Tonight." "And the reason why they want to hold dollars is because the U.S. is a safe place to have your money, to invest and to hold your assets."

Posted by Procopius2k 2019-12-18 09:06|| || Front Page|| [11130 views ] Top

#1 Check Iran

Posted by DarthVader 2019-12-18 09:35|| 2019-12-18 09:35|| Front Page Top

#2 I bet there's a lot of them in Whitey Bulger's safe deposit boxes throughout the world; you guys can start there...

Posted by Raj 2019-12-18 09:35|| 2019-12-18 09:35|| Front Page Top

#3 Some people will roll their cigarettes with Benjamins.

Posted by g(r)omgoru 2019-12-18 09:43|| 2019-12-18 09:43|| Front Page Top

#4 Should ask Hunter Biden, between nose candy straws (its not plastic!) and strippers, he could burn through a lot of it.

Posted by Procopius2k 2019-12-18 10:43|| 2019-12-18 10:43|| Front Page Top

#5 I once saw a photo of a room full of cash from some drug lord's place.

Posted by Glenmore 2019-12-18 11:18|| 2019-12-18 11:18|| Front Page Top

#6 Well, then it's a good thing we're printing so much of it, I guess.

Posted by Thing From Snowy Mountain 2019-12-18 11:39|| 2019-12-18 11:39|| Front Page Top

#7 Prob'y sitting in safes of gov't officials and other wealthy individuals countries that have experienced severe currency devaluations recently.

A local currency devaluation makes these individuals' primary investment - real estate - much less valuable. So they shift their investments out of real estate and into hard currency i.e. $$ (or else US real estate - thus more than any factor is driving the California & Vancouver BC / Manhattan / Miami / London real estate booms of recent decades).

Some likely suspects i.e. countries with very weak currencies and/or that experienced major currency devaluations in 2018-19:

- China due to the trade war
- Iran due to the sanctions
- Venezuela due to the leaders' banditry/idiocy
- Argentina due to the leaders' banditry/idiocy
- Indonesia due to the leaders' banditry/idiocy
- Uganda due to the leaders' banditry/idiocy

Posted by Lex 2019-12-18 11:41|| 2019-12-18 11:41|| Front Page Top

#8 leaders' banditry/idiocy

Don't apply to Iran & China?

Posted by g(r)omgoru 2019-12-18 11:43|| 2019-12-18 11:43|| Front Page Top

#9 Them 2

Posted by Lex 2019-12-18 11:44|| 2019-12-18 11:44|| Front Page Top

#10 I bet there's a lot of them in Whitey Bulger's safe deposit boxes throughout the world; you guys can start there...

We'll get the FBI on it right away.

Posted by SteveS 2019-12-18 11:58|| 2019-12-18 11:58|| Front Page Top

#11 Wonder how much is stashed in the safes of Comey, McCabe, Brennan, Clapper, Zero, Kerry, Biden, Billary...

Posted by Lex 2019-12-18 12:00|| 2019-12-18 12:00|| Front Page Top

#12 I once saw two vans full of several currencies burning, including $US. It was meant for AQIS.

Posted by Dron66046 2019-12-18 12:13|| 2019-12-18 12:13|| Front Page Top

#13 print new 100dollar bills and refuse to accept the old ones after a certain date.

Freely swap old for new

Posted by Bright Pebbles 2019-12-18 16:05|| 2019-12-18 16:05|| Front Page Top

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