Government can’t print money properly

[JonLP24]

Source: Yahoo!

As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly.

Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC.

"There is something drastically wrong here," one source told CNBC. "The frustration level is off the charts."

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.



Read more: http://news.yahoo.com/s/yblog_thelookout/20101206/us_yblog_thelookout/government-cant-print-money-properly

[FSogol]

1. Maybe the Chinese can do it for us?

:sarcasm:

[Xenotime]

4. I remove your 'SARCASM' tag because that was FUNNY!!

[valerief]

11. Bingo!!!! nt

[Safetykitten]

2. China could do it, and then just keep it. Saves time.

[valerief]

12. But how would it get to Afghanistan????? And then on to Dubai. nt

[unkachuck]

18. the Chinese would loan our money to us....n/t

[qb]

3. They printed over a billion bills before they noticed something was wrong?

Damn! Who's in charge?

[Xenotime]

5. Ah...according to the signature on the note....it's Timothy Geithner

[xchrom]

6. The new american way: incompetence. Nt

[Downwinder]

7. Let the counterfeiters do it for free. Save the cost of paper and ink.

[Hydra]

14. Word!

And the counterfeiters might actually spend it in a way that it comes into circulation in the regular economy!

You might be on to something here...

[Newest Reality]

8. The printing of those Faith-based Tickets,

used as a symbolic means of exchange, is now about creating defective paper that is even more worthless?

The people may wonder what that symbolizes and come-up with all kinds of realizations.

[thereismore]

9. Hahahaha, faith-based tickets!

:rofl:

[Javaman]

10. Meh, nothing but expensive wall paper anyway. nt

[Downwinder]

13. FBT's

[BB1]

15. We used to have the greatest money, colorfull and all!

Virtually impossible to counterfeit. Well, not in these photoshop days no more. Here's a google search of the abandoned Dutch 'gulden'. The bills were great. We still miss them. Damn euro!

http://www.google.nl/images?hl=nl&biw=1024&bih=583&gbv=2&tbs=isch%3A1&sa=1&q=guldenbiljet&aq=f&aqi=&aql=&oq=&gs_rfai=

[Johnny Harpo]

16. Hey...If Timmy's Name Is Never On The Money....

then maybe he was never really there...lol

[StarsInHerHair]

17. ah the 'loyal bushies' at work, just as planned

nt