Thursday, 5 May 2011

Euro: The criminal scum's favourite currency

No, not Berlusconi this time, nor even the chiselling little crooks infesting the Berleymonstre in Brussels, but the world's drug barons, mafia hoods, terrorists and assorted underworld scum who are all wild for the €500 note. We're now told that even Bin Laden had one sewn into his pajamas in case he needed to make a quick getaway. I've never actually seen one, and the chances are that you haven't either; this is because the majority of notes in circulation are held and exchanged by the criminal gangs. 


Let's be clear here. The reason neither the dollar nor the pound Sterling are available in high-denomination notes is because the respective US and British governments have decided quite responsibly that these are too attractive to the scum underbelly of our world. The EU clearly believes that assisting global criminality is more important than responsible governance. It tells you everything you need to know about the corruption of the Brussels cabal. 

8 comments:

Edward Spalton said...

Actually I feel rather badly about the attempt to criminalise cash. I went into the bank for £1200 and you have no idea of the silly trouble I had to go to.

In spite of having had an account with them since the Nineteen Forties, they demanded proof of identity - a passport or driving licence.

They even had the cheek to ask me what I wanted the money for!

"Because it's mine" I replied rather tartly, adding
"I'm not a little boy who has come to ask for more pocket money"

And, of course, it's all for my benefit and safety "to prevent money laundering" and, equally inevitably, required by an EU Directive.

I reckon that £1200 of today's pounds is around £40 in the real money of my youth . Captain Mainwaring would never have made such a fuss - especially with a customer of such long standing.

Anonymous said...

Hmmm - I thought that the €500 note had already been withdrawn for the very reasons you state? Maybe I misheard?

Anyway, the €500 note is known as a "Bin Laden" because everyone knows they exist but no one has ever seen one! Err, except me...I was on board a very nice 74 foot motor boat in Southern Spain (Marina del Este) a few years back and the owner had a roll of these notes as big as would just fit in your hand, wrapped up by just a rubber band. The roll of notes was just plonked on his chart table!!! After the marinero had finished refuelling the boat with 3 TONNES of diesel, this chap (known to both of us Radders) peeled off a few of these notes and paid the man in cash. Then we all sat back and enjoyed a few beers. That was my "Bin Laden" moment :-)

Coney Island

yokel said...

Anon,

The British banks have "voluntarily" decided not to make the €500 note available in Britain, after a bit of prodding from ACPO and/or SOCA.

Maybe the EUrocrats introduced it because they had so little faith in their currency and expected to need a bigger note fairly soon, so they might as well get it designed and introduced during the great upheaval.

Anonymous said...

I believe that the reason there's a €500 note is that the Germans had a long-standing tradition of using cash for larger transactions than we would consider normal.

Given the amount of government snooping into our business, I quite like the idea of having large tender notes too.

Dave_G said...

Given the way many economies are going it should be too long before we see billion-euro notes being wheelbarrowed around.....

The Surly Beaver said...

I remember when my Dad once had a very good catch commercial fishing and got paid out
C$11,000 from the cash buyer which came in the form of 11 $1000 bills and change. I never knew such thing existed till then and I see they've since been withdrawn.

Anonymous said...

Its because the Germans had a similar note. I think I saw one in a casino.

Anonymous said...

Hhmmm, a Krugerrand or Canadian Maple Leaf 1 oz coin is worth almost 3 of those mythical 500 euro notes....

Long long ago, I overheard a conversation between a 105' yacht owner and his captain. Captain needed cash to cover the costs of fuel in the Bahamas. Owner wrote a cheque for $25,000 which Captain promptly took to the bank. He borrowed a brief case from me! Back then (1976-1977) none of the marinas in the Bahamas even took credit cards. It was cash only. Captain flew from Toronto to Miami the next morning. This was long long before the $10,000 cash declaration limit.