Governments have issued trillions of dollar-denominated banknotes, trillions of Euro-denominated banknotes, and billions in Pounds Sterling (£) notes. Most of those notes cannot be accounted for. It's not being spent at the retail level - most purchases are via credit or debit cards. Large purchases, from appliances to cars to houses, are almost exclusively electronic.
According to Great Britain's National Audit Office, the value of all the sterling-denominated notes in existence has tripled in the past 20 years. It now totals around £75bn. Only a third of that £75bn is being circulated in the kind of day-to-day transactions that officials can monitor. The remaining £50bn is out there somewhere, being put to unknown uses. “The Bank of England doesn’t know where, who by, or what for, and doesn’t seem very curious,” said Meg Hillier, head of a parliamentary committee that recently investigated the future of cash. Billions of dollars’ worth of bills are circulating outside America, and €750bn outside the eurozone. This will not all be used for nefarious purposes. But it is clear that there is a vast global shadow financial system over which the authorities have almost no oversight.
The total value of US dollars in circulation jumped by 16% in 2020 alone, passing $2trn for the first time, quadruple the value of notes 20 years ago.
In 2009, the chief cashier of the Bank of England noticed a paradox - the share of purchases made using cash had halved in the last 20 years. At the same time, the demand for banknotes increased. He offered two theories. On the one hand, he argued, the financial crisis had lowered public trust in banks, so many people thought it safer to keep cash at home. At the same time, the number of ATMs was increasing, which meant more cash was needed to keep them stacked. Neither explanation made much sense at the time, because the trend pre-dated both the atm boom and the credit crunch (though the credit crunch did accelerate it). They make even less sense in retrospect. The number of ATMs in Britain is now falling, and the financial crisis is long past, yet the increase in both the volume and value of banknotes in circulation has accelerated.
America’s Federal Reserve had its own take on the paradox: since inflation was so low, holders of cash felt no urgency to pay it into their accounts. If money kept its value in paper form, why go to the trouble of trekking downtown and filling in a paying-in slip? Separately, the Fed
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The Effective Deposition Techniques and Strategies that Work: (NITA), 5th Edition: Hoffman
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An Insider's Guide to Winning Government Contracts: Real-World Strategies, Lessons, and Recommendations, 2nd Edition: Joshua Frank
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Billion Dollar Playbook: 72 Websites for Massive Scaling in the Federal Marketplace: Eric E. Coffie
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French Short Stories for Beginners: Improve Your reading And Listening Skills: Frederic Bibard & Charlotte Chae
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Directing: Film T
I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.
Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.
Do your worst!
I'm surprised it hasn't decade.
For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.
I said "hey look, an escaPEA"
No one near me but it didn't half make me laugh for a good hour or so!
Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂
It really does, I swear!
They’re on standbi
Pilot on me!!
Nothing, he was gladiator.
Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.
This sub is mostly just NSFW puns now.
If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.
Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.
When I got home, they were still there.
What did 0 say to 8 ?
" Nice Belt "
So What did 3 say to 8 ?
" Hey, you two stop making out "
I won't be doing that today!
[Removed]
This morning, my 4 year old daughter.
Daughter: I'm hungry
Me: nerves building, smile widening
Me: Hi hungry, I'm dad.
She had no idea what was going on but I finally did it.
Thank you all for listening.
You take away their little brooms
There hasn't been a post all year!
It’s pronounced “Noel.”
It was about a weak back.
Where ever you left it 🤷♀️🤭
