When would a $-12 bill work in your favor?
When would a $-12 bill work in your favor?
Nathaniel King
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Sebastian Ross
>Bill
DEUS VULT, KILL THE DEMON
Ryder Flores
If I was a cartoon creator and wanted to make a stupid gag that autists would still discuss years later.
Kayden Price
When I'm $12 overdrawn.
Carson Smith
>fiat money
Levi Foster
Give to someone else. They now owe you $12
Nolan Rogers
That's how much I tip.
Eli Cooper
Getting exact change, like if you're buying something for $8 and only have a 20
Samuel Hall
so the origin of paper money and the reason they're called "bills" today is that before banks existed you would do your money borrowing through gold and silver smiths, because they held and traded in large amounts of gold and silver which were at that time the basis of the economy and thus had the capacity to keep your gold etc safe, and they developed numerous clever anti-fraud measures which prevented just anybody turning up and claiming the gold you had deposited with them
some were notes that promised to pay a specific person (these gave rise to bank checks and traveler's checks) and some were more general and transferable (these gave rise to bank notes)
with the formation of the first true banks, which were arranged on similar lines and started up with investments from private citizens, it was necessary to do all kinds of internal accounting but, naturally, it was seen as unwise to keep opening the vaults and moving the valuables around without good cause, so for internal purposes these banks (which eventually became the central banks of their respective nations) began to produce notes representative of the money held in reserve; since in these economies quickly gave rise to people trading in the notes themselves (outside the banks, for normal commerce) without ever cashing them in, the notes became the basis of currency backed by a certain reserve of gold and other valuables, until today we have currencies which are not backed by gold or silver at all, but by their own worth, and we try to prevent inflation from rising too far while keeping it at a moderate level of growth because that promotes investment which promotes further growth, very slowly devaluing the bills without causing hyperinflation
as a cash money note a -$12 bill would be much like the original notes of the proto-banks (essentially a loan notice), but for internal bank purposes it could have a reason to exist
you wouldn't print them though, that's not cost effective at all
Jaxon Carter
Based and informative
Ethan Brooks
It wouldn't.
However, consider $-1 bills
Brody Bennett
Send them to enemy nations to bankrupt them
Matthew White
when I want to spend $11 and want something back.
Isaiah Edwards
My brain right now.
youtube.com
Jacob Turner
Just as an example of what you said, the template of the British £5 note used from 1793 until 1963 (with metal wire being interwoven after 1945 for added security).
The note was about 8 inches across and printed on only one side. The very first being signed by hand by the cashiers and then later by printed signature of whomever was the head cashier for the Bank of England at the time.
Christopher Jones
When I need to show someone how much I'm worth.
Jayden Rogers
Damn.
Colton Nguyen
>Bill is literally on the bill
For a second I thought I'm on /biz/.
Thomas Morris
Bill was everywhere before the episode where he appeared in person
Lincoln Perez
Spoopy.
Now tell me the shitcoins you hold.
Robert Green
have it as contingency in case someone mugs you
Christian Wood
take the bank museum tour if you're ever there
fun on a bun
Luis Wood
Buying a beer in California
Nathaniel Garcia
When something is listed as $9.99 and doesn't account for tax.
Luis Phillips
THAT is the Price that I would Pay for HER.
Eli Flores
You slip it in your enemy's pockets and make them slightly poorer.
Cameron Price
When something costs a dollar but you only have $13.
Isaiah Torres
Fold one over and stick it into the red kettle to get the asshole to stop ringing that damned bell for a few seconds near Chistmas.
Dylan Hernandez
Smart
Leo Martinez
withdraw a bunch of big comic book sacks of money worth of them from the bank, and then throw them off a cliff or something.
ez. money.
Adrian Perry
when i sell it to a currency collector for 50 million after proving it's prominence.
Michael Scott
I feel like if you were smart enough you could take on the burden of paying off debts from other people (for a large lump sum) and then negotiate down the debts to smaller than the sum you bought the responsibility of the debts for and make a profit.
Because you were a business you could have a better credit rating than the person with the debts and so get better rates.
Not sure if this makes sense.
Nathaniel Powell
provenance
that's how debt collection agencies work, yes
they don't do it to be nice, they do it because fiat currencies mean if someone else is prepared to take a slightly smaller loss on a debt that's otherwise never going to be repaid, then you can indeed make a profit if you buy up those debts at a low enough price
it's not necessarily a bad thing economically speaking as long as you're prepared to bargain with the debtors to a reasonable price and as long as the debts aren't being packaged as something more exotic (there are various financial instruments to sell debt as which can be potentially catastrophic for the wider business and even the economy) and there's some ability of the debtors to actually pay (ie the original loan wasn't given to someone who was incapable of ever really paying it off - that kind of thing and the rapid resale and repackaging of debt was what led to the crash 10 years ago, and that fucked the whole financial system the world over because so many people had been buying up bad debts and derivatives of bad debts for so long)
you could do it to be nice and have a reasonable business with a high turnover and very modest profits, but nobody does because if you're going to be nice you just buy up the debts and forgive them
Nicholas Bell
Fun fact that to this day UK notes still read
>I promise to pay the bearer on demand the sum of five [ten/twenty/fifty] pounds
So theoretically you could still go to the vault and demand to exchange your notes for the gold they represent, because it's a legally binding contract on each note, but sadly according to the Bank of England:
>The words ‘I promise to pay the bearer on demand the sum of five [ten/twenty/fifty] pounds’ appears on all of our banknotes. This phrase dates from long ago when our banknotes represented deposits of gold. At that time, a member of the public could exchange one of our banknotes for gold of the same value. For example, a £5 note could be exchanged for five gold coins, called sovereigns.
>However, the value of the pound has not been linked to gold for many years, so the meaning of the promise to pay has changed. You can no longer exchange banknotes for gold. Bank of England banknotes can only be exchanged for other Bank of England banknotes of the same face value.
>We now maintain public trust in the pound through operating monetary policy.