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Decline in the number of securities printed here in «Fort Worth» to its lowest level in modern times last year. Securities class production fell 5 dollars to its lowest level in 30 years. For the first time during this period, the Treasury Department did not print any securities class $ 10.
The meaning of this is clear, which is that the decline in cash.
It is no longer able to use the cash in acquisitions over the Internet, and within a lot of aircraft when they want to buy snacks or duty-free goods. Last year, it was to pay 36 per cent of the cost of a taxi in New York using plastic cards. In «Commerce», a restaurant located in the West Village in Manhattan, there is a sign on the bar attached to the restaurant written on it «credit cards only. We do not accept cash. thank you".
Until now, accurate data on this are not available, so that the cash-based financial transactions are difficult to be tracked, for several reasons, including that individuals use only cash when they want to not follow their dealings. However, there is a small percentage carry important implications, in 1970, which is the dawn of credit cards, reached the value of the US currency in the internal trading nearly 5 per cent of the country's economic activity. Last year, the value of the currency in the internal trading amounted to approximately 2.5 per cent of economic activity. http://www.archlabs.net/how-obama-administration-sought-in-scenes-to-gain-trust-of-rating-agencies
For his part, said Tony, the owner of the restaurant «Commerce» «This morning, I bought a gallon of milk for $ 2.50 from one of the stations (Mobil), and paid for them using my credit card. I do not hold only a handful of banknotes, for tipping only ».
It is easy to look toward the horizon and predicted the demise of the era of paper money. Although this prediction easily reached, but it may be wrong, so that the majority of Americans prefer to use cash for some time at least, and even those who do not like, reluctantly admit that it is difficult for them to live without cash.
Cash is still the best way to pay the fare babysitters and provide a tip for those working in hotels. Many small businesses - which is estimated to represent between one-third and half of the companies - credit cards are not accepted. Criminals also prefer cash. It is worth noting that a witty Bulgr, a member of one of the criminal gangs in Boston, who lived in Santa Monica for 15 years, his apartment rent paid in cash, and thousands of dollars concealed in the walls of his apartment.
In fact, recent cash is still used on a large scale, and moving the change is very slow pace, so much so that Ron Schieffelin, analyst at «ITT Group», a research firm in Boston, estimated that Americans will continue to use Banknotes for another 200 years. http://ultimatelandingpagesystem.org/how-to-build-a-fortune
The «Monetary works well for us. Although the decline in use is a clear direction, the proponents of change always overestimate how quickly the occurrence of such things ».
Notably, the production of paper money falls much faster for the actual use of cash because the stock fillers last for longer periods. Thanks to scientific advances, the average dollar paper currency from circulation category for 40 months, up from 18 months two decades ago, according to estimates by the Federal Reserve Bank. The banks regularly send bundles of old securities to the Fed, which replace each other lethal. Until recently, it was limited to stock the collection and destruction, as well as the stock folded, because of the Federal Reserve Bank survey equipment failed to distinguish between the Rip Curl and in the financial paper. Now, it can become so. In 1989, the Fed replaced 46 per cent of the stock returned to him. In the past year, replace 21 per cent. The rest of the papers, Global Millionaires Club trading again where perhaps last longer so they use at rates less than before.
Perhaps towards the future aspirants who predicted the end of the long-term securities may also fallen into the error minimize the importance of the appearance of the $ 100 category financial paper as one of the most famous US exports. http://cbpassiveincome.biz/how-do-i-become-rich-overnight
Over the two decades, since the collapse of the Soviet Union, it has seen demand for paper has risen dramatically to $ 100, which is being dealt with as if it were gold in unstable areas. Last year, the Treasury printed larger numbers of paper category $ 100 dollars for a class paper for the first time in its history. There are currently more than seven billion and 100 sheets of class being traded, and suggests the Federal Reserve Bank estimates that two-thirds of this amount is held by foreigners. The American soldiers searched a failure during Saddam Hussein in 2003 found $ 650 million to $ 100 new class. There is no doubt that this will be of great profit to the United States. The currency is being printed by the Treasury and issued by the Federal Reserve Bank. And pay off the Central Bank to the Treasury Department the cost of production - nearly 10 cents per paper - and then commute securities depending on the nominal value of the securities to pay the benefits. The more money they issued, the greater the benefits that replace them. Every year, the Federal Reserve Bank to the Treasury Department re-profits called mintage fee payments, and last year exceeded $ 20 billion. In order to meet foreign demand, the Federal Reserve Bank of banks operating stores for the distribution of currencies in London, Frankfurt, Singapore and other financial centers said. In March, it exceeded all traded securities trillion dollar for the first time, due to the boom of securities of $ 100 bills.
Within the United States, research suggests that the proliferation of electronic payment techniques result in a steady decline for payment in cash, for example, has become used by bikers and riding public transportation. http://binaryreviewsystem.com/us-bond-market-2016
In 2009, Zazola made a decision inspired by the company «American Airlines», which was approved a short time ago to prevent monetary policy to deal. He said that 85 per cent of its customers were already paying their account using a credit card, and carrying cash to and from banks is annoying and dangerous.
Two years later, Zazola confirms that it is not regret his decision.
He said «there are still some who feel very angry that we do not accept criticism, because the bulk of these cases is nothing more than a storm in a teacup because most of them have credit cards.» However, he remains «Commerce» of the rare places, where it is difficult to find another restaurant does not accept cash. For example, «Snape» Cafe is located in the Washington neighborhood of Georgetown has declared his rejection of criticism in 2006, then it turned into a counterproductive policy after a few years.
It is worth mentioning that the commercial companies is not compelled to accept cash, so that the lenders - all - are the ones who have to accept the criticism. But most traders remain reluctant to exploit this matter in order to avoid provoking customer frustration.
Said Brian Dodge, of the Union of the leaders of the retail industry «rarely any owner of retailer dealings limited to just criticism, it is rare also the owner of retail forex trading reject completely».
Even within the financial industry, which promoted the spread of electronic payments, it has been moving away from big expectations.
About it, Doug Johnson, vice president of risk management policy, said the «Federation of American Bankers» «There will always be people, good or evil reasons, are interested in the use of cash.» http://itdecs.com/reviews/global-millionaires-club-review-uk-millionaires-club-scam Global Millionaires Club