Post: Big Mistake in New $100 Bills
12-07-2010, 02:36 PM #1
CLM
[b]They say sorry Mr. West is..[/b]
(adsbygoogle = window.adsbygoogle || []).push({});
Big Mistake in New $100 Bills


You must login or register to view this content.

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.

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.

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 be 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.
(adsbygoogle = window.adsbygoogle || []).push({});

The following 4 users say thank you to CLM for this useful post:

DONT_H8_5150, Kraftix, NeedaLifeSoon, Cory
12-07-2010, 02:48 PM #2
What a fail..

Damn not even the government can get it right Happy
12-07-2010, 03:01 PM #3
Ghost1990
12-28-2012
Originally posted by Cooolz View Post
What a fail..

Damn not even the government can get it right Happy


/facepalm Like this is the first thing the government has f**ked up on?

The following user thanked Ghost1990 for this useful post:

Leo99756
12-07-2010, 03:05 PM #4
RICHIE209
March 6, 2011.
How many years have they been doing this? ****in' idiots.
12-07-2010, 04:14 PM #5
PULS3
< ^ > < ^ >
WOw.The goverment made it so anti counterfeit the F***ing machines cant even do it.

The following user thanked PULS3 for this useful post:

Mark360
12-07-2010, 04:14 PM #6
NeedaLifeSoon
Retired Life
Shit even Ben Franklin looks a little perturbed about it.

I would volunteer my time to help sort out the good ones.
Although I would probably put on about 5 pounds a day working there.

They want to burn them?
How about they put them all in Zig Zag packs. Let people roll them up and watch em go up in smoke.
They can call them Ben Blunts and the metal strip can be a roach clip!!!

The following 2 users say thank you to NeedaLifeSoon for this useful post:

The Low Key OG
12-07-2010, 04:18 PM #7
Cuddler
I<3you!
What the hell :L never seen anything like this before LMAO
12-07-2010, 04:23 PM #8
ResistTheSun
In Flames Much?
That quite a big design mistake
Ouch
12-07-2010, 04:52 PM #9
Creepz
Space Ninja
Lol instead of burning it they should donate it to NGU =D

The following user thanked Creepz for this useful post:

xX____BMX____Xx
12-07-2010, 05:46 PM #10
xX____BMX____Xx
youtube.com/eggncheezy
Originally posted by Ghost1990 View Post
/facepalm Like this is the first thing the government has f**ked up on?


yeah it all started with obama:black:

if i had my chance i would :dingding: or :bat:

Copyright © 2026, NextGenUpdate.
All Rights Reserved.

Gray NextGenUpdate Logo