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."
[Related: Money fair showcases $100,000 bill]
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.
if we can get near 40 trillion debt erased. all it takes is a button to create wealth. these senaters can't figure it out. why? I could have printed money out in zero time. Lazy perhaps purposely done. Help me people get in the streets. Throw some rocks and tools at buildings. Give em some revoltion. The clock is torn starin at an empty plate, my mommas torn hands cover sunkin face. rage agaisnt machine. we need some revoltion here now. anyone give me gold information be preciated thanks.
ReplyDelete- Sam
No problems.
ReplyDeleteMost of this printed paper money used in America as currency is only a small amount anyway .
Only about one third of the money printed in the past a few hundred billion circulates in America ,as most cash money is exported to the rest of the world mainly by drug dealers.
Two thirds of the cash money is exported and circulates outside of America.
This is a big help in controlling internal money supply and inflation as the cash money is mostly removed from actual circulation in amerca thanks to the partnerships with Americas patriotic drug business.
Banksters like Wells Fargo have admitted to money laundering the international money transfers of the drug trade.
But hey, there are no printing problems when it comes to the big money .
Helicopter ben is smart and uses the most modern digital computer technology to create the big money as government debt.
He doesn’t worry to much about these technological problems of printing the small change
Ben is not an old fashioned printed paper money bankster relic of the past printing money 'out of fresh air" but a Digital age money printer.
That can create billions at the stroke of a computer key .
Why just this week , comrade of the rich ,Ben, has promised to create another 600 billion +dollars . All at the simple command of his fat little pinky finger.
(Or perhaps its his stuff America middle finger ?)
His mates at Goldman sacks or AIG only need to have a computer terminal receiver to be credited with whatever digital billion $ credits they order Ben to send .
Ben has recently assured Americans in his recent interview on 60 minutes ,that he
"is 100% confident"
that this extra $600 billion will not be inflationary, as he says and assures America he doesn’t actually 'print" this money in the digital age as actual cash money .
Besides a lot of the banksters "bailout for America" digital money Ben has created was actually given to foreign banks and hedge funds as free handouts -so if it devalues even more - its their problem now.
Such a clever now 100% confident, modern man ,our hero, bankster Ben!
A real master and money wizard of the digital money age!
what a man ,spending america to an economic recovery by solving any debt problems by creating purely digital debt ,that may ben says not acualy circulate but be held in 'trust' for americans in the vaults of the privately owned central bank.
Pure digital money magic!
Sams got an old fashined class hangup ,he thinks americas debt problems can be solved by printing money cash handouts for the little people.
ReplyDeleteHe doesnt understand that while it is true that the privately owned central bank system can create free money "out of fresh air" is only set up to distribute this money to the banksters profits and to socialise their losses in time of need and crisis .
This is the american free enterprise way, and its great banksters monetary system ,its not run by socialists ,or owned by the american people as a whole ,Sam .
Just suck it up sam .
Its gods work.
So cool down and go suck on one of your iceblocks Sam.
Bank run money ?
ReplyDelete"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.”
Yeh ,right .
So if it is so badly printed why wasn’t it destroyed?
It seems more likely to me, that this cash money was printed and then set aside in preparation for handling bank runs ,a demand for physical dollars.
7:20 Yes and Europe tomorrow Dec 7, 2010 is going to make a first attempt at an organized Bank Run.
ReplyDeleteI hope they have a good turn out.
And that maybe Americans decide to have some organized Bank Runs it is a simple way for people to show that we are NOT happy.
VOTE with your FEET and MONEY and walk out
of the Bank with your cash. When everyone hears
about it in various ways then they will feel like they can do something.
I’ll tell you what’s wrong with this. Just before the collapse of the Soviet Union they had a trick like that. They outlawed the either 25 or 50 Ruble bills. They announced it on Friday night and gave 2 day for people to exchange the bills while the banks were closed, effectively wiping out 10-20 percent of people savings. Most of the 100 dollar bills are in circulation outside of the US. I think they are preparing a stunt like that. They will report it as a war on “money laundering”, supposedly targeted at drug dealers who do not keep money in banks. It’s all red herring to me.
ReplyDeleteYeah; That's right
ReplyDeleteConspiracy theroy number Eighteen Thousand Four Hundred and Ninety Nine.
Next !