HarveyS
Full time employment: Posting here.
https://www.cnbc.com/2019/02/27/the...ion-possibly-linked-to-global-corruption.html
CNBC reports today that "The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in circulation, Deutsche Bank chief international economist Torsten Slok said in a note to clients this week."
I have more cash in my house today after FIRE compared to before. I just like having it around - I guess in case the ATM stops working. Now I understand that if the ATM is out for more than a few days there are probably lots of other problems that a few C-notes won't solve. Illogical, yes, but I am holding a few of those 12 billion notes and adding to the # outstanding.
How about you? Are you holding more cash (real, tangible bills) than you did in the past? If so, why?
CNBC reports today that "The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in circulation, Deutsche Bank chief international economist Torsten Slok said in a note to clients this week."
I have more cash in my house today after FIRE compared to before. I just like having it around - I guess in case the ATM stops working. Now I understand that if the ATM is out for more than a few days there are probably lots of other problems that a few C-notes won't solve. Illogical, yes, but I am holding a few of those 12 billion notes and adding to the # outstanding.
How about you? Are you holding more cash (real, tangible bills) than you did in the past? If so, why?