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US treasury stockpiles billions in flawed $100 bills

 
Dana Scully
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User ID: 1170569
United Kingdom
12/07/2010 04:55 PM
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US treasury stockpiles billions in flawed $100 bills
A printing error has forced the US to stockpile $110bn (£69.78bn) in new $100 notes until officials can sort and destroy the flawed bills.

A snag in the printing process left up to 30% of the notes with a blank patch on the face, US network CNBC reported.

Officials are working to devise a mechanical process to sort the flawed bills. Doing so by hand would take up to 30 years, officials said.

[link to www.bbc.co.uk]


propoganda
What I find fantastic is any notion that there are answers beyond the realm of science. The answers are there. You just have to know where to look.

We're all gonna die. The only question is when & how you check out. Do you want it on your feet? Or on your knees... begging?! I ain't much for begging! Nobody ever gave me nothing!
Anonymous Coward
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12/07/2010 08:13 PM
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Re: US treasury stockpiles billions in flawed $100 bills
What one billion dollars looks like.

[link to www.pagetutor.com]
MexicanJesus

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12/07/2010 08:17 PM
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Re: US treasury stockpiles billions in flawed $100 bills
Search buttons up top, Moran.. for fucks sake this was PINNED yesterday.
The Prodigal Son, God's gift from above, You can call me The One, or call me names to make fun, but when its all said and done- 99 Names but 'A B!tch' Aint One.
Anonymous Coward
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12/07/2010 08:18 PM
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Re: US treasury stockpiles billions in flawed $100 bills
What one billion dollars looks like.

[link to www.pagetutor.com]
 Quoting: Anonymous Coward 1186113

Damn..
I'm gonna need a bigger boat
AerialVu
User ID: 1044094
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12/07/2010 08:26 PM
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Re: US treasury stockpiles billions in flawed $100 bills
ET's are tripping the wires in many places: shutting down missle defence systems, causing last minute gliches in many areas...

[link to www.cnbc.com]

A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes and to quarantine more than one billion of the bills in huge vaults in Fort Worth, Texas and Washington, DC, CNBC has learned.

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.

continues at source - rockon





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