
“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/
Related posts:
Kim Dot Com resigns from Mega to pursue plans for NZ political party
Greenpeace ship defies Russia, enters Arctic route to protest against oil drilling
Italian-Switzerland border checks strike gold
Greek bank official dismisses 'haircut' report as "baseless"
Alcoholics who use marijuana have lower risk of liver disease, study finds
Taiwan central bank 'keeping close tabs' on Bitcoin
Truck owner wants DEA to pay up after botched sting
'More profitable than cocaine': Peru is top source of counterfeit US cash
America celebrates 4th of July under ‘unprecedented’ security
Families upset with how deputies handled boys' arrests
$10 trillion IPO plan for Saudi Aramco confirmed
Obama pushes to stop corporate overseas tax moves
New York passes tough new gun control laws
Poll: Three-fourths of US says pot will be legal
Supreme Court to decide whether police can take your blood without your permission