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  1. #1
    Join Date
    Sep 2009
    Posts
    3,826

    Misprinting our money? Jesus f christ!

    http://news.yahoo.com/s/yblog_theloo...money-properly

    Officials with the Treasury and the Federal Reserve had touted the new bills' sophisticated security features that were 10 years in the making, including a 3-D security strip and a color-shifting image of a bell, designed to foil counterfeiters. But it turns out the bills are so high-tech that the presses can't handle the printing job.

    More than 1 billion unusable bills have been printed.

    Some of the bills creased during production, creating a blank space on the paper, one official told CNBC. Because correctly printed bills are mixed in with the flawed ones, even the ones printed to the correct design specs can't be used until they 're sorted. It would take an estimated 20 to 30 years to weed out the defective bills by hand, but a mechanized system is expected to get the job done in about a year.
    Toe tap dancing Christ!

    Combined, the quarantined bills add up to $110 billion -- more than 10 percent of the entire U.S. cash supply, which now stands at around $930 billion.

    The flawed bills, which cost around $120 million to print, will have to burned.

    The new bills are the first to include Treasury Secretary Tim Geithner's signature. In order to prevent a shortfall,the government has ordered production of the old design, which includes the signature of Bush administration Treasury Secretary Henry Paulson. That, surely, is not the only respect in which the nation's lead economic officials would like to turn back the clock to sometime before the 2008 financial crisis.

  2. #2
    Join Date
    May 2010
    Posts
    1,577

    Re: Misprinting our money? Jesus f christ!

    I'd love to have a few of these bills, for collectors value.

    My grandfather had a very rare gold coin that was his 16th birthday present in August 1929. Gold was 'ordered' turned back in to the govt after the crash, he kept his. Saw it once.

    If any of these bills get out, It'll be like the 4 or 5 1943 pennies mistakenly struck in copper and released. (They were steel that year, remember?)

  3. #3
    Join Date
    Jul 2005
    Posts
    6,553

    Re: Misprinting our money? Jesus f christ!

    Quote Originally Posted by brywilson2 View Post
    I'd love to have a few of these bills, for collectors value.

    My grandfather had a very rare gold coin that was his 16th birthday present in August 1929. Gold was 'ordered' turned back in to the govt after the crash, he kept his. Saw it once.

    If any of these bills get out, It'll be like the 4 or 5 1943 pennies mistakenly struck in copper and released. (They were steel that year, remember?)
    That would be nice to get a hold of just one of those bills... Just one would be worth quite a bit!!

    .

  4. #4
    Join Date
    Jun 2009
    Location
    You can't get there from here.
    Posts
    904

    Re: Misprinting our money? Jesus f christ!

    Quote Originally Posted by PaulM View Post
    That would be nice to get a hold of just one of those bills... Just one would be worth quite a bit!!

    .
    Maybe the Treasury could sell a few to help raise capital.

    :spin2:
    Who's running this popcorn stand anyway? :zx11pissed:

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