Boxden hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now popular now #top20 top yesterday all sections videos pics tracks headlines

Dec 6 - Government Prints $110,000,000,000 unusable money and hides it

most watched this minute | see more
most viewed right now
121 viewing
 Video inside What made you laugh the hardest in your entire life?
84 comments
most viewed right now
89 viewing
 Video inside SMACK/URL Rookies vs Vets [DISCUSSION THREAD/UPDATES]
379 comments

top in section
41 viewing
Image inside Did Nick Cannon Screw Up
top in eyecandy
top in section
36 viewing
 Image inside Mar 28 - Audio With Studentís Last Words To Cop Relea..
top in news

people viewing this topic:   (0 members and 1 guests)  
 
 

let em know Ľ Share this on TwitterShare this on Facebook
 Dec 6 - Government Prints $110,000,000,000 unusable money and hides it
Unread 12-06-2010, 08:17 PMJoined Feb 2010 - away - #1
1728 pageviews
25 comments


ngoogs 4 heat pts space
avatar space
Senior Member
space
$4,376 | 14160914
The government announced its new high-tech design for $100 bills in April with much hoopla, including an epic YouTube trailer. But there's been a small glitch since then: $110 billion of them have been printed incorrectly.

The Treasury's trailer from April announcing the new bill, above, shows off its high-tech security features, such as "a 3-D security strip and a color-shifting image of a bell designed to foil counterfeiters." These exotic features caused some problems with the first batches of printing, as the government discovered after a mere $110 billion worth had been created:

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.
An official familiar with the situation told CNBC that 1.1 billion of the new bills have been printed, but they are unusable because of a creasing problem in which paper folds over during production, revealing a blank unlinked portion of the bill face.
A second person familiar with the situation said that at the height of the problem, as many as 30 percent of the bills rolling off the printing press included the flaw, leading to the production shut down.
The bills have been quarantined in "huge vaults" in Texas and Washington, according to the government. Also possible: The money is perfectly fine and the government just gave it to big banks or something.

via Gawker
Reply With Quote

25 comments for "Dec 6 - Government Prints $110,000,000,000 unusable money and hides it"

- To post a comment, join the squad -


Unread 12-06-2010, 08:17 PMJoined Feb 2010 - away - #2
ngoogs 4 heat pts space
avatar space
Senior Member
space
$4,376 | 14160914
I don't trust the government to let it stay there. Destroy the misprinted bills. By the way, anyone have any insight on if these bills would be legal tender? If i SOMEHOW came across one could I buy stuff with it?
Reply With Quote
Unread 12-06-2010, 08:38 PMJoined Mar 2005 - away - #3
Freemind 41 heat pts41 space
avatar space
Freemind10
space
$8,868 | POWERFUL
yeah.... why not instantly burn them

instead of leaving em to set somewhere and havin some crooked a.ss douche jack em down the road.
Reply With Quote
Unread 12-06-2010, 08:51 PMJoined Oct 2008 - away - #4
Mike Nitty 6 heat pts space
avatar space
#OffSeasonFlow
space
$21,508 | POWERFUL
Good ole US of Fukn A
Reply With Quote
Unread 12-06-2010, 09:00 PMJoined Nov 2008 - away - #5
daffy_1 17 heat pts17 space
avatar space
F*ckYourIdea
space
$1,699 | 11024971
its going straight to the federal reserve
Reply With Quote
Unread 12-06-2010, 09:07 PMJoined Apr 2008 - away - #6
foestacks 11 heat pts11 space
avatar space
THE GAWD
space
$4,518 | 20387108
120 Million dollars to print 110 billion makes complete sense
Reply With Quote
Unread 12-06-2010, 09:15 PMJoined Dec 2006 - away - #7
Got Cheeve? 111 heat pts111 space
avatar space
Borrowed Time
space
$41,000 | POWERFUL
s**t we're out of money... i know! let's print more!!!
Reply With Quote
Unread 12-06-2010, 09:16 PMJoined Feb 2006 - away - #8
killya 17 heat pts17 space
avatar space
Senior Member
space
$3,952 | 19814040
good ole USA. Print money right out of thin f**king air like a magic trick.
Reply With Quote
Unread 12-06-2010, 10:42 PMJoined Sep 2005 - away - #9
meercy|m  space
avatar space
^DEELiscious^
space
$8,900 | POWERFUL
Originally Posted by Got Cheeve?
s**t we're out of money... i know! let's print more!!!
Originally Posted by killya
good ole USA. Print money right out of thin f**king air like a magic
trick.
of course they can.... b4 they eva get it.. its taxed tho.. so wats da point ?
Reply With Quote
Unread 12-06-2010, 11:37 PMJoined May 2007 - away - #10
stogz 9 heat pts space
avatar space
Senior Member
space
$29,294 | POWERFUL
America can't manufactuer sh*t. That's why you need to get the same people that make american clothes, shoes, toys, etc... to make american money as well.
Reply With Quote
Unread 12-07-2010, 12:14 AMJoined Mar 2009 - away - #11
Kontrast0 38 heat pts38 space
avatar space
Yea Thats Right...
space
$23,599 | POWERFUL
Wastedmoney on maaking useless money. I'm sure there's a pun here
Reply With Quote
Unread 12-07-2010, 12:14 AMJoined Dec 2005 - away - #12
Kuchiki_Byakuya 10 heat pts10 space
avatar space
Senior Member
space
$5,536 | 17104712
Originally Posted by stogz
America can't manufactuer sh*t. That's why you need to get the same people that make american clothes, shoes, toys, etc... to make american money as well.
Whoa whoa whoa hold up there brother... you're not SERIOUSLY suggesting to let Mexico, India and China print U.S. money now are you?
Reply With Quote
Unread 12-07-2010, 12:29 AMJoined Apr 2006 - away - #13
Manny05  space
avatar space
PSN - TheOpportunist08
space
$17,253 | POWERFUL
Reply With Quote
Unread 12-07-2010, 12:40 AMJoined Feb 2010 - away - #14
ngoogs 4 heat pts space
avatar space
Senior Member
space
$4,376 | 14160914
Originally Posted by Sticks
Don't know where your source is from, but title is bulls**t.
They are burning it.

brah, you need to check those reading glasses.

PER YOUR SOURCE, "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."


No hate, though, we all make mistakes
Reply With Quote
Unread 12-07-2010, 12:41 AMJoined Feb 2010 - away - #15
ngoogs 4 heat pts space
avatar space
Senior Member
space
$4,376 | 14160914
Angry

Originally Posted by Got Cheeve?
s**t we're out of money... i know! let's print more!!!
at the government not learning from its mistakes.... ever.
Reply With Quote
Unread 12-07-2010, 12:51 AMJoined Aug 2005 - away - #16
AirForce318  space
avatar space
My Baby's Momma
space
$10,876 | POWERFUL
at how they let some of the dumbest ppl in the world become high-ranking politician... I'm ashamed to be an American after reading this trash...
Reply With Quote
Unread 12-07-2010, 02:25 AMJoined Dec 2009 - away - #17
Sniggit 612 heat pts612 space
avatar space
For The World
space
$7,369 | POWERFUL
The one thing you should be asking is how much did this s**t cost? i mean 110bill worth of notes is alot of ink n paper
Reply With Quote
Unread 12-07-2010, 06:33 AMJoined Jan 2004 - away - #18
Crookz 12 heat pts12 space
avatar space
OnDaArmLikeAKoiFish
space
$11,731 | POWERFUL
wait the government prints cash?
i thought that was the federal reserve's job
Reply With Quote
Unread 12-07-2010, 07:03 AMJoined Apr 2007 - away - #19
JoeDoe22 46 heat pts46 space
avatar space
Senior Member
space
$3,901 | POWERFUL
You people know that when new bills are printed they are not released until an equal amount has been returned to the treasury to be destroyed right?

From what I understand they aren't hiding anything...they discovered that some bills weren't printed correctly and quarantined all of them for inspection.
Reply With Quote
Unread 12-07-2010, 07:06 AMJoined Apr 2007 - away - #20
JoeDoe22 46 heat pts46 space
avatar space
Senior Member
space
$3,901 | POWERFUL
Originally Posted by ngoogs
brah, you need to check those reading glasses.

PER YOUR SOURCE, "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."


No hate, though, we all make mistakes
You didnt read past the first paragraph...

The flawed bills, which cost around $120 million to print, will have to be burned.
Reply With Quote
 

Home > BX Table Of Contents > BX Daily Bugle
  
    
          join bx


 




that hot ish yesterday


most viewed right now
41 viewing
Image inside short N thick!!!  
49 comments
@eyecandy
most viewed right now
32 viewing
Article inside 33 Strange Facts About America That Most American..
49 comments
@wild'ish
most viewed right now
28 viewing
Video inside Employed Thot: Keep Your Sons Away From Her "I Don'..
61 comments
@wild'ish
most viewed right now
17 viewing
Article inside Slim Thug Ruins Credit by Having Sex With His Rea..
75 comments
@hiphop
most viewed right now
16 viewing
Image inside Those new Master Race GTA 5 Pics Though...
76 comments
@games
most viewed right now
15 viewing
Image inside The REAL Amber Rose  
127 comments
@eyecandy
most viewed right now
14 viewing
Video inside Mar 27 - USPS driver throws packages on porch, runs..
42 comments
@news
most viewed right now
13 viewing
Image inside Who's This 200 lbs PAWG?  
117 comments
@eyecandy
most viewed right now
13 viewing
Image inside Mar 27 - Breaking: Amanda Knox murder conviction o..
56 comments
@news

^
contact us   |   bx@twitter   |   bx@facebook   |   privacy   |   search   |  © BX 1998-end of time