There’s been a mysterious surge in $100 bills in circulation, possibly linked to glob electricity electricity music notes

############

Generally, economists believe the surge is related to people around the world wanting to hoard cash, a similar force that’s driven the interest in cryptocurrencies. High denomination, high value currency notes have historically been a preferred form of payment for criminals, given the anonymity, lack of transaction record and relative ease with types of electricity which they can be brought across borders.

A 2018 research paper from the Federal Reserve Bank of Chicago estimates that 60 percent of all U.S. bills and almost 80 percent of all $100 bills are now overseas. That’s up from 15 to 30 percent around 1980, according to research from Federal Reserve Board economist Ruth Judson. She found that economic and political instability contribute to this demand.

A surge in digital payments may be contributing to the lessening demand for lower denomination bills. Rising smartphone use, a shift toward online shopping and improvements in network bandwidths pushed global digital commerce volume above the $3 trillion mark in 2017, according to a recent electricity out in one room McKinsey report. That is on track to more than double by 2022, according to McKinsey.

The global illicit money flows were staggering and fuel crimes from drug trafficking and human smuggling to theft and fraud, Sands said. He estimated that depending on the country, tax evasion robs the public sector of anywhere between 6 percent and 70 percent of what authorities estimate they should be collecting. And despite huge investments in transaction surveillance systems, and intelligence gas laws worksheet with answers, less than 1 percent of illicit financial flows are seized.

The Utah Data Center… also known as the Intelligence Community Comprehensive National Cybersecurity Initiative Data Center, is a data storage facility for the United States Intelligence Community that is designed to store data estimated to be on the order of exabytes or larger. Its purpose is to support the Comprehensive National Cybersecurity Initiative (CNCI), though its precise mission is classified. The National Security Agency (NSA) leads operations at the facility as the executive agent for the Director of National Intelligence. It is located at Camp Williams near Bluffdale, Utah, between Utah Lake and Great Salt Lake and was completed in May 2014 at a cost of $1.5 billion.

Hopefully, someone more informed than I am about cryptocurrency can explain this further… but it seems to me to be very convenient that the government’s huge secretive cybersecure data storage center is near Blue Castle Holding’s headquarters… making me suspect a control-freak government might be future planning a national cryptocurrency that will replace cash.

OREM, UT–(Marketwired – November 30, 2017 electricity 101 youtube) – Blue Castle Holdings Inc. is responding to blockchain miners’ requests for power with about 500MWe of initial mining capacity. The existing and near term power sources are available at various USA locations. The capacity is to be provided through the Power Block Exchange, a new worldwide exchange for powering blockchain infrastructure. www.powerblockcoin.com

Earlier this year, we started receiving inquiries from blockchain miners 10 gases and their uses interested in low cost electrical capacity. Not just any electrical capacity, all electricity is not created equal. Blockchain mining power has to be globally cost competitive, readily available and quickly scalable. It also has to have the right power load profile, accompanied with dependable existing infrastructure, at the appropriate locations. It was a great fit for us, we are already doing this type of development, stated Aaron Tilton, President and CEO of Blue Castle Holdings.

Mr. Tilton continued, We are currently selling the right kind of low cost installed capacity to miners via bi-lateral contracts. Therefore, a good portion of the power can be put to use before our peer-to-peer, spot market Power Block Exchange platform goes live in the 2nd quarter of 2018. 500MWe is roughly enough power to supply the global Ethereum network or about one fifth of the global Bitcoin gas after eating yogurt network.