February 23, 2012
labombaworstbestworstblog: jasencomstock: jakke: logicallypositive: appropinquabamus: From the smithsonian, a $100,000 bill The reason they outlawed these things is because after narcotics prohibition & the war on drugs took effect, drug dealers would conduct large transactions using these because they were lightweight and represented a lot of money. $100 bills became the de-facto currency as a result. To be fair, what possible reason could anyone have to be using a $100k bill in 1934? Like, that’s $1.7 million in today’s dollars - and in 1934 the US economy was obviously much smaller and wages were much lower even in real terms. That’s a huge bill for any transaction, legitimate or otherwise. The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public. http://www.treasury.gov/resource-center/faqs/Currency/Pages/denominations.aspx No, jasen, it’s because they were lighter and the drug dealers from the 1940s loved using them. Also, because Dr. Congressman Ron Paul

labombaworstbestworstblog:

jasencomstock:

jakke:

logicallypositive:

appropinquabamus:

From the smithsonian, a $100,000 bill

The reason they outlawed these things is because after narcotics prohibition & the war on drugs took effect, drug dealers would conduct large transactions using these because they were lightweight and represented a lot of money. $100 bills became the de-facto currency as a result.

To be fair, what possible reason could anyone have to be using a $100k bill in 1934? Like, that’s $1.7 million in today’s dollars - and in 1934 the US economy was obviously much smaller and wages were much lower even in real terms. That’s a huge bill for any transaction, legitimate or otherwise.

The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

http://www.treasury.gov/resource-center/faqs/Currency/Pages/denominations.aspx

No, jasen, it’s because they were lighter and the drug dealers from the 1940s loved using them.

Also, because Dr. Congressman Ron Paul

(via labombaallmybadideas-deactivate)

4:52pm  |   URL: http://tmblr.co/ZmCeYyGvizt1
(Notes: 60)
  
  1. shatteringstar reblogged this from genkii-dama
  2. genkii-dama reblogged this from mctranscendent
  3. mctranscendent reblogged this from rigatonideology
  4. c-newt reblogged this from jasencomstock and added:
    Why was Brian Williams on the $100,000 bill?
  5. lillabet reblogged this from fareastlibertarianmovement
  6. fareastlibertarianmovement reblogged this from idcaboutostriches
  7. thesemicullen reblogged this from jasencomstock and added:
    Drug-dealing aliens.
  8. roblocke reblogged this from rigatonideology
  9. jakke reblogged this from asymmetric-effects and added:
    To be fair, what possible reason could anyone have to be using a $100k bill in 1934? Like, that’s $1.7 million in...
  10. thatgirlsanalien reblogged this from idcaboutostriches
  11. traveldown reblogged this from idcaboutostriches and added:
    No government has in interest in tying their currency to a commodity. Thats IDIOTIC! That’s not how capitalism works.
  12. asymmetric-effects reblogged this from rigatonideology
  13. rigatonideology reblogged this from appropinquabamus and added:
    The reason they outlawed these things is because after narcotics prohibition & the war on drugs took effect, drug...
  14. appropinquabamus posted this