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Old 12-06-2010, 11:09 PM
 
Location: Colorado, Denver Metro Area
1,048 posts, read 4,070,033 times
Reputation: 403

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After spending $120,000,000 to print a billion $100 bills, the fed discoevred there is a problem.

"A printing problem with the new high-tech $100 bills has forced government printers to shut down production - and to quarantine more than one billion of the notes. The flawed notes represent more than ten per cent of the U.S. currently on the entire planet. They are being stored in giant vaults at Fort Worth in Texas and in Washington, DC, as the Federal Reserve desperately tries to resolve the problem."..."it turns out those who designed the new notes may have been flying too close to the sun, for the process of producing them in their billions with all the new security features is so complex that it has foiled the government printers."

SRC: Fed forced to 'quarantine' 1b $100 bills after printing error makes them worthless | Mail Online
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Old 12-07-2010, 10:19 PM
 
Location: Victoria TX
42,661 posts, read 77,830,962 times
Reputation: 36305
I used to work in quality control in a cannery. We noticed faulty cans of corn before the one-billionth one got picked up by the fork lift. I guess the principles of quality control are as mystifying to our government as any other principles.
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Old 12-08-2010, 10:14 PM
 
4,173 posts, read 3,124,033 times
Reputation: 2629
It is hard for me to believe that so many bills were produced without someone noticing. Not entirely certain this story isn't overblown.
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Old 12-08-2010, 10:18 PM
 
Location: SW Missouri
15,849 posts, read 31,792,707 times
Reputation: 22481
Quote:
Originally Posted by ColoWeb View Post
After spending $120,000,000 to print a billion $100 bills, the fed discoevred there is a problem.

"A printing problem with the new high-tech $100 bills has forced government printers to shut down production - and to quarantine more than one billion of the notes. The flawed notes represent more than ten per cent of the U.S. currently on the entire planet. They are being stored in giant vaults at Fort Worth in Texas and in Washington, DC, as the Federal Reserve desperately tries to resolve the problem."..."it turns out those who designed the new notes may have been flying too close to the sun, for the process of producing them in their billions with all the new security features is so complex that it has foiled the government printers."

SRC: Fed forced to 'quarantine' 1b $100 bills after printing error makes them worthless | Mail Online
Oh hell, let the counterfeiters have a try. They'll have the problem figured out in 20 minutes.

I shake my head.

20yrsinBranson
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Old 12-09-2010, 09:29 AM
 
3,129 posts, read 5,559,398 times
Reputation: 1590
The FED, GET RID OF THEM!
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Old 12-10-2010, 11:17 AM
 
Location: Backwoods of Maine
7,298 posts, read 8,871,924 times
Reputation: 19927
Hey - why not quarantine EVERY bill the Fed has printed up?

They're all worthless anyway....
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Old 12-10-2010, 01:26 PM
 
Location: Paranoid State
13,046 posts, read 11,495,911 times
Reputation: 15759
Since these $100 bills aren't worth anything, why don't we use them to pay off the debt to the Chinese?
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Old 12-11-2010, 12:11 PM
 
5,361 posts, read 10,257,212 times
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Quote:
Originally Posted by SportyandMisty View Post
Since these $100 bills aren't worth anything, why don't we use them to pay off the debt to the Chinese?
Because this is *only* $100 Billion.

We owe them something like $1.5 Trillion = $1500 Billion = 15 times as much as this mess.

The sooner this is broke, the sooner we can replace the whole mess.

Burn, baby, burn.
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Old 12-12-2010, 08:24 AM
 
3,731 posts, read 4,800,912 times
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Yeah, the printing error makes them worthless.
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Old 12-13-2010, 01:51 PM
 
Location: Tennessee
35,802 posts, read 35,609,265 times
Reputation: 55035
Quote:
Originally Posted by ColoWeb View Post
After spending $120,000,000 to print a billion $100 bills, the fed discoevred there is a problem.

"A printing problem with the new high-tech $100 bills has forced government printers to shut down production - and to quarantine more than one billion of the notes. The flawed notes represent more than ten per cent of the U.S. currently on the entire planet. They are being stored in giant vaults at Fort Worth in Texas and in Washington, DC, as the Federal Reserve desperately tries to resolve the problem."..."it turns out those who designed the new notes may have been flying too close to the sun, for the process of producing them in their billions with all the new security features is so complex that it has foiled the government printers."

SRC: Fed forced to 'quarantine' 1b $100 bills after printing error makes them worthless | Mail Online
I thought printing errors makes them collectibles. No?
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