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90 percent of U.S. bills carry traces of cocaine (2009)

edition.cnn.com

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Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#31

Post by over »

toomanybeersies wrote: post #29
justinjlynn wrote: post #24

Earlier quoted context omitted.

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…

I'm really struggling to see why you'd want to pay everything in cash. Personally, I don't even usually have any cash. New Zealand is a bit different in that there are increasingly few places that don't take cards. Even farmers markets and food trucks usually take cards these days. Hell, the parking machine also takes cards. I can go weeks without using actual physical money.

Credit costs the vendor 3%, and even debit is still 50 cents. I don't care when it's big box stores, but local merchants always appreciate cash.

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#32

Post by nowprovision »

over wrote: post #31
toomanybeersies wrote: post #29

Earlier quoted context omitted.

I'm really struggling to see why you'd want to pay everything in cash. Personally, I don't even usually have any cash. New Zealand is a bit different in that there are increasingly few places that don't take cards. Even farmers markets and food trucks usually take cards these days. Hell, the parking machine also takes cards. I can go weeks without using actual physical money.

Credit costs the vendor 3%, and even debit is still 50 cents. I don't care when it's big box stores, but local merchants always appreciate cash.

How much does cash handling costs, counting/paying in, insurance, fake notes, transport to bank, uninsured risks, shotgun robberies, still be less than 3% but not far off imho, we need something smarter than cash but not from giant ripoffs such as mc/visa/amex

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#33

Post by iolothebard »

oxide wrote: post #15
kristopolous wrote: post #14

But how can I extract and collect it for personal use?

wash a stack of bills and drink the water?

I just threw up a little in my mouth at the thought. Probably still tastes better than the bill brew you're suggesting :-)

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#34

Post by Avshalom »

blackoil wrote: post #25
justinjlynn wrote: post #24

Earlier quoted context omitted.

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…

What is the common ATMs limit in US? If it is 2000+, you can do couple of withdrawals a month to go by.

As far as ATMs go it varies wildly. I've never hit the limit on ones attached to banks though I've never gone above 700. The free standing one like you might see in a 7-11 or a mall often have a limit in the low hundreds to make sure they don't run out.

But I just withdrew 3000 from the window last week, as far as I know there is no limit beyond what they have in the bank as far as that goes.

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#35

Post by mtanski »

rl3 wrote: post #12

It's nice to see they recorded the denomination of each bill. Too bad the article didn't go into further detail in its summarization. The abstract[0] says $1 and $100 denominations were less likely to test positive. The latter is curious. Perhaps it's because lower denominations are more likely to be used by street dealers, or that $20 bills make up the majority of triple-digit ATM transactions. It's worth noting tha…

> The abstract[0] says $1 and $100 denominations were less likely to test positive.

Most of the ATMs in NYC give me $20 notes. Sometimes for a larger withdrawal (300 or more) they mix $20 and $50 notes.

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#37

Post by deelowe »

jdblair wrote: post #21
justinjlynn wrote: post #11

Earlier quoted context omitted.

begins? where have you been? the big push to debit cards and gradually making procurement of any reasonable quantity of cash (especially given inflation these days) almost impossible has been going on for ages.

I really don't understand this. What's a reasonable amount? I withdrew $2500 in cash from my bank last week. No questions other than "how would you like that?" and "would you like an envelope?"

It's not as bad as the OP states, but I deal in real estate and 30k+ transactions aren't uncommon for me. There is certainly a process for transferring that much. Typically the process can take an hour or so and it's logged with the government (FBI IIRC). You have to fill out a form and get the requisite approvals.

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#38

Post by deelowe »

blackoil wrote: post #25
justinjlynn wrote: post #24

Earlier quoted context omitted.

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…

What is the common ATMs limit in US? If it is 2000+, you can do couple of withdrawals a month to go by.

It varies, but anywhere from a couple hundred to around $800.

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#39

Post by JBReefer »

acd wrote: post #36

How many persons does a US bill pass on average in circulation before its handed into a bank? You are connected to with an average distance of 3.57 to every facebook user. What is your average distance to a substance user?

Probably a distance of 1 for basically everyone

Re: 90 percent of U.S. bills carry traces of cocaine (2009)

#40

Post by justinjlynn »

ianhawes wrote: post #27
justinjlynn wrote: post #24

Earlier quoted context omitted.

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…

The withdrawal reporting threshold is actually $10K. In my experience, banks typically won't prevent you from withdrawing over $10K either, though they do file a report. The report is just another datapoint though, and not evidence of a crime. If I had to guess, you probably just irritated someone because of your withdrawal size combined with the fact that most banks do not hold more than $15-$20K in cash.

I believe it is 5k now: https://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_015....

and I probably did irritate someone with the withdrawal size. They started making me request it a week in advance before they decide it was too much trouble for them.

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