SoylentNews is people
SoylentNews
The amount of $100 bills in circulation is surging. And it's leaving some economists scratching their heads.
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.
[...] "By eliminating high denomination, high value notes we would make life harder for those pursuing tax evasion, financial crime, terrorist finance and corruption," [former Standard Chartered bank chief executive Peter] Sands wrote.
The global illicit money flows were "staggering" and fuel crimes from drug trafficking and human smuggling to theft and fraud, Sands said. He estimated that depending on the country, tax evasion robs the public sector of anywhere between 6 percent and 70 percent of what authorities estimate they should be collecting. And despite "huge investments in transaction surveillance systems, and intelligence, less than 1 percent of illicit financial flows are seized.
[...] "The Federal Reserve and Treasury make 99 dollars for every $100 dollar bill they print and sell offshore," Colas said. "There's a natural desire to keep printing these things — the U.S. government makes a lot of money selling them."
Superbills?
https://en.m.wikipedia.org/wiki/Superdollar
(Score: 3, Informative) by MichaelDavidCrawford on Friday March 01 2019, @01:21PM (1 child)
It happens that sexually-obsessed - The Mind Really _Does_ Simply Reel - Portland, Oregon is a widely-recognized international human trafficking hub.
I first clued into that as a result of puzzling over all the public service messages on the trains and buses, all about how to get help when you're far from home and pressed into sexual slavery.
This had the eventual result that two or so months ago, the Feds - FBI maybe, but the article didn't say - and the Royal Canadian Mounted Police worked together to round up thirty human trafficking suspects here in PDX, in Southern California and in a particular Canadian city, Toronto or some such.
There were arrests in the PRC as well, but I don't think they resulted from an actual collaboration, rather the RCMP and the Feds having tipped off the authorities there as a result of what they learned from the busts here.
That wasn't thirty prostitutes: that was thirty _pimps_.
Sarah plies her trade mostly on 82nd Avenue in I think North-East Portland. Or maybe it's South-East my memory is as always hazy. (North of Burnside Street, East of the Willamette River.)
A while back I googled me up some reading about 82nd.
I wish I had not done that.
Yes I Have No Bananas. [gofundme.com]
(Score: 2) by Runaway1956 on Friday March 01 2019, @03:45PM
PRC - Pro Rodeo Circuit? So, that's why they ride the bulls - to get sex slaves from a saturated market to an under served market. No one's going to stop a bull to search it!
http://www.tehachapinews.com/lifestyle/tehachapi-mountain-rodeo-association-announces-season/article_7391059c-3156-11e9-9540-1f89e5f82692.html [tehachapinews.com]