what happens to outdated american money?
99333
American money doesn't become outdated but it does become worn and then it is destroyed and new money is printed to replace it.It doesn't matter how old it is.As long as it is in good shape it will stay in circulation.
160084
It used to. But the United states is on a non-fiat monetary system. The gold reserve is meaningless and is not backing the money. The government is telling you that it is worth something and can be used for payments and debts.
632057
Strangely enough, though I don't know where you're from, we pay taxes ALL of our lives right up until we're retired. There are also medicine being developed so people can live longer.\n\nThe contradiction here is: older people + taxes they've paid all their lives = no money when they retire.\n\nAs much as I hate to be crude ... wtf?\n\nAnyway, yes, the property will have to be sold unless you (or another willing relative) has the money to support the needy relative.\n\nI lost an inheritance that way and I'm seeing a friend facing the same trouble. The moral of the story is? Government, stop fixing the highway and save that cash up for me when I'm too old to work... Or stop research to make me older and not give me money ... it sucks either way
455422
buy it, its only 13 cents. what do you have to lose. imagine it going back up. its going to go up no matter what in like 10 years. but if it crashes you wont lose much.
157167
Wow.  Um, it's not the amount of physical money we have, it's the *worth* of the physical money.  The gov't can't just print up an extra mil to cover the cost of stuff, that would cause the worth of the dollar to go down compared to other countries money.
64719
This is a really WIDE-ranging question, and it's practically impossible to give you a good answer that's practical for use. Fed Reserve prints money, essentially, "increasing the money supply" (counterfeiting) on demand. It is private, yet govt controlled. The govt simply placed it in "private hands" so they could get away with their political sleight of hand without having to worry about the Constitution. The IMF, of which the US is a member with about 17% of the clout, loans federal reserve funny money and usurious rates, then, eventually, puts anyone small (only large companies can afford usurious rates) out of business, out of house, home, food, and everything else. Ask Jamaica. The federal govt, in taking us off the gold standard, has sentenced the US to eventual economic death.\n\nGo to the web and search for Liberty Dollar. You can trade $10 in federal funny money for real silver, and $1 for silver certificates backed by real silver. If enough of us used this, we could make the US financially solvent again, over the years.
1067682
Government Bonds are issued by the US Treasury.  The treasury can print money so you can always be assured that you will receive greenbacks when you redemn your bonds.  The problem for investers is that the US Government is deeply in debt and has an obligation to pay Social Security and Medicare that it can't meet without borrowing more.    In order to pay future obligations the US government will have to pay higher and higher interest rates.  The higher rates on bonds issued in the future will diminish the market value of the bonds issued at low rates in the past.  If you hold your US bonds until matuity you will receive US currency for them - but what will it buy?
562799
it will. american dollar will fall.
369559
Unlike most countries in the world, when the government federalized money and it's printing, when bills and coins are replaced, they are still legal tender worth face value, regardless of their condition or age.  \n\nfor collectors, some money is worth much more than face value.  The value of the $2.00 bill, which has been widely circulated is pretty much still $2.00.  The real value in paper money is the silver and gold certificates...depending on the condition of the bill, can be worth thousands of $$$.
96579
It would be worth nothing.\nTake $100K of today's money back in time with you.\nThen try to spend it.\n\n"2006?!" they'd say, "You fool, it's 1919.  This is obviously counterfeit!  Take him to jail!"\n\n\nOr, if you want a serious answer, it is $8,859.00.  That much money in 1919 is the same as $100,000 today.\nSource below.
416418
Its up to your dealer. If you bought a new car its now a used one and you will not recover your money.
1143486
The money we have in circulation has served us for well over 100 years with very few modifications or changes... Why start now?  If it ain't broke why fix it?
755141
I don't know that and don't take it as a fact.  \nThe federal reserve bank destroys literally tons of worn out money every year. My washing machine doesn't do tons but it eats a dollar or so left in pants pockets every week - does that mean I am committing a crime?
1030008
In 1994, the Mexican Government took three figures away from the Peso (the official explanation was, that because of inflation, figures were becoming impractically large).. And retired the old bills. \n\nIt is basically worth $10.00, or about U.S.  $0.90. \n\nBusinesess will not accept those anymore. It MAY have some value as a rarity because the Bank of Mexico supposedly withdrew most of the old bills from circulation.\n\nI'll see if I can find out anything more for you. But, personally, I would start looking for a little frame. \n\nSorry!
46783
Only the Federal Reserve can authorize the creation of new money.  Today, however, most money is 'created' using open-market operations, and thus does not physically exist.
67117
The amount of money is constantly fluctuating.\n\nEach country regulates its own currency.  If you print too much, the value of your currency will decrease.  The value of the money is based on the country's productivity.  The USA has the biggest GNP at $11.75 trillion.  A country's currency will go up or down in value based on the actions in that country.  If it prints more money, its value will drop in comparison to other countries that are not printing out more money.
253529
To make this question answerable, let's make a simplification and ask, "How much money is there in the United States?" Since the statistics for the U.S. are easy to come by, we can look at it in a couple of different ways. \n\nThe first way to look at it might be, "How much cash is there in U.S. currency?" If you took all the bills and coins floating around today, how much money is that? According to the Federal Reserve, the current number is very close to half a trillion dollars. That sounds like an incredible amount, but think about it this way: In 1990, there were about 250,000,000 people in the U.S. If you took all the cash and divided it up equally, each person would only get about $2,000. Obviously there is more money floating around than that. \n\nThe rest of the money is held in various types of bank accounts, and the Federal Reserve tracks these funds in three different values: the M1, M2 and M3 money supplies: \n\n- M1 is all of the currency, plus all of the money held in checking accounts and other checkable accounts, as well as all of the money in travelers checks. In September 1999, the M1 money supply was about $1,100 billion. \n- M2 is M1 plus all of the money held in money market funds, savings accounts and small CDs. In September 1999, the M2 money supply was about $4,600 billion. \n- M3 is M2 plus all of the large CDs. In September 1999, it was about $6,250 billion. \n\nSo if you wanted all of the money in the United States, what you would ask for is M3 -- and you would get about 6 trillion dollars! How much money is that? It's a lot... But if you look at the U.S. federal budget for 2000, you will see that it is only enough money to run the U.S. federal government for a few years. Shame...\n\nThat is about as much as I know. Like one of the previous guys said, money transactions are made every second, and more money are also coined (manufactured) every second. So, at this point in time, it is impossible to know the amount of money in the world. Maybe later...