If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(BBC)   The Bank of England's £1 million and £100 million bills never leave the bank, but are held to back up vast swaths of British currency. Scottish currency, to be exact   (bbc.co.uk) divider line 19
    More: Interesting, Bank of England, General Social Survey, commercial banks, British, Douglas Spink  
•       •       •

2012 clicks; posted to Business » on 27 Jan 2013 at 4:53 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



19 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-01-27 12:29:33 AM
1.bp.blogspot.com

/oblig
 
2013-01-27 01:07:16 AM
So the trillion dollar coin has some legal precedent.
 
2013-01-27 01:45:46 AM
Naming part of your currency after the titans may not be a good thing. Remember what Zeus did to them?
 
2013-01-27 03:25:19 AM
I'm going to get some notebook paper, a Bic pen, knock together a couple of million dollar notes against the bank of bunner and float them on the FOREX.
 
2013-01-27 05:07:20 AM
The last time someone withdrew £1 million from a British bank, this happened:

pietmondriaan.com
 
2013-01-27 07:40:11 AM
This is why I enjoy our position of being the reserve currency. The Fed just types a few numbers into a computer.
 
2013-01-27 08:46:47 AM

NewportBarGuy: This is why I enjoy our position of being the reserve currency. The Fed just types a few numbers into a computer.


As far as printing money goes, you don't need to be the world's reserve currency to do that.
 
2013-01-27 09:07:40 AM

Ishkur: The last time someone withdrew £1 million from a British bank, this happened:

[pietmondriaan.com image 500x328]


Still the greatest piece of performance art in recent history... It would have been much easier if they only needed one bill, but not near as much fun.

It's a nice reminder of how insane we are over money.
 
2013-01-27 09:32:46 AM
houseofthemoon.com
 
2013-01-27 10:55:34 AM

dragonchild: As far as printing money goes, you don't need to be the world's reserve currency to do that.


To have it not cause hyper-inflation you do. All of our debts are in U.S. Dollars, whereas most other countries owe things in U.S. and other currencies.

We're in a unique position that I think many people fail to understand.
 
2013-01-27 11:18:17 AM
So the entire Scottish economy is worth 101 million pounds?
That's a lot of haggis.
 
2013-01-27 02:54:53 PM
i have a 100 trillion dollar bill...from zimbabwe. a fried who lived and worked there brought it to me. he had gotten it three weeks earlier. when he got it, it was worth one dollar. three weeks later, it was worth....less than 1 cent. he told me that in the past year they had removed 39 or 36 zeros off their currency.

i do have a 1 dollar bill from zimbabwe from the mid 90's. with how many zeroes they have removed, i can't imagine how little it would be worth. i would get more from a collector probably.
 
2013-01-27 03:31:38 PM
The jumbo notes in the British banking system are supposedly just hastily scribbled notes.

You see, money for the plebs has to look like money. Changes to the appearance of a currency can throw off whole economies if people realize that the fiat currency isn't anything more than a symbol. But the bankers know better, and the BoE doesn't bother to make the jumbo notes for public consumption.
 
2013-01-27 03:36:29 PM
Sure, but do they have any trillion dollar coins?
 
2013-01-27 05:11:48 PM

Alphakronik: Sure, but do they have any trillion dollar coins?


firegeezer.com

/we're working on it.
 
2013-01-27 06:12:30 PM

WordsnCollision: Alphakronik: Sure, but do they have any trillion dollar coins?

[firegeezer.com image 402x463]

/we're working on it.


Canada made one too:

www.zurichgoldtrader.com
 
2013-01-27 06:37:58 PM
Those million dollar coins should depict the Queen with the tip of her pinky between her lips.

www.raybendici.com
 
2013-01-28 09:10:22 AM

NewportBarGuy: This is why I enjoy our position of being the a reserve currency. The Fed just types a few numbers into a computer.


FTFY

The USD, EUR, GBP, JPY, CHF, CAD, AUD are the IMF reserve currencies.
 
2013-01-28 09:27:20 AM
www.cmgww.com

Approves.
 
Displayed 19 of 19 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report