Author Topic: Ben Bernake's fed can't even print money correctly  (Read 1317 times)

0 Members and 1 Guest are viewing this topic.

Offline Allentownjake

  • Sr. Member
  • ****
  • Posts: 700
  • Reputation: +18/-144
  • I'm a mole for OET
Ben Bernake's fed can't even print money correctly
« on: December 06, 2010, 10:23:01 AM »
http://www.cnbc.com//id/40521684

A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes and to quarantine more than one billion of the bills in huge vaults in Fort Worth, Texas and Washington, DC, CNBC has learned.

Initially scheduled for release in February of 2011, the new bills were announced with great fanfare by officials at the Treasury Department and the Federal Reserve in April.

At the time, officials announced the new bills would incorporate sophisticated high-tech security features, including a 3-D security strip and a color-shifting image of a bell designed to foil counterfeiters.

But the production process is so complex, it has instead foiled the government printers tasked with producing billions of the new notes.
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.

Offline true_blood

  • Hero Member
  • *****
  • Posts: 6221
  • Reputation: +652/-817
Re: Ben Bernake's fed can't even print money correctly
« Reply #1 on: December 06, 2010, 01:17:33 PM »
 :nelson:
I really shouldn't laugh, because it's both sad and disgusting.

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1997/-134
Re: Ben Bernake's fed can't even print money correctly
« Reply #2 on: December 06, 2010, 04:11:07 PM »
They should call the North Korean counterfieters for help.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline gurn

  • Full Member
  • ***
  • Posts: 332
  • Reputation: +17/-33
  • "Are they paying us? Why aren't they paying us?"
Re: Ben Bernake's fed can't even print money correctly
« Reply #3 on: December 29, 2010, 03:22:22 AM »
They should call the North Korean counterfieters for help.

Just for the sake of accuracy, North Korea does nothing -- even counterfeiting --
without the assistance & approval of the PRC. It has no means.

So IMO, it's more accurate to say Chinese counterfeiters.
***
"Our weak President, that kisses everybody's ass, is in more wars than I have ever seen. Now he's in Libya, he's in Afghanistan, he's in Iraq. Nobody respects us."
"This guy got the Nobel Peace Prize and every time I look is he's going into another country."