“According to a report released recently by the Federal Reserve Bank of San Francisco, there is 42% more cash in circulation in the U.S. today than five years ago. What’s most striking is that much of the recent growth in cash is made up of $100 bills. Now when was the last time you paid your tab with Benjamins? Williams suggests it may reflect that people worried about the health of the banks following the financial crisis and socked away their money to protect themselves from a financial collapse. In the six months following the fall of investment bank Lehman Brothers in 2008, holdings of $100 bills soared by 10% to $58 billion.”
http://finance.fortune.cnn.com/2013/04/10/why-cash-may-never-die/
(Visited 38 times, 1 visits today)
Related posts:
California Sheriff Strips Forest Service Of State-Law Enforcement Power
Cops Fire 20 Bullets At Unarmed Man In His Bed, Then Call It Justified
Officer Arrested For Stealing Cash From Motorists
Britain fights EU's 'Big Brother' bid to fit every car with speed limiter
Gun company displays largest-caliber rifle ever created with bullets that cost $40 a piece
U.S. House approves sweeping $633 billion defense spending bill
Cop who killed unarmed teen for selling marijuana not charged
Would you like unlimited days off?
Draghi Says ECB Ready For Negative Interest Rates If Needed
Victim in bra-shakedown case: Officer got off easy
China is flooding Silicon Valley with cash
Coming soon: Bitcoin Alliance India
South Korea's $4 Million Teacher
Cops lock down Bronx elementary school after gun rumor sparked by talk about toy
Bitcoins and bars: Chicagoans getting in on virtual currency