New worry for the US money supply as new $100 bills printed with flaws

examiner.com ^ | December 6, 2010 | Kenneth Schortgen Jr.

[Terry Mross]

So, do we need to “invest” in the old hundred dollar bills? Will they be worth more since there won’t be enough in circulation? Just half joking.

[rahbert]

Who, besides drug dealers, uses $100’s?

[SamAdams76]

I’ll be glad to take any of the flawed bills, just send them my way and you won’t get any complaints from me.

[Aroostook25]

Problem solved...

Just mint a billion $100 Silver coins intead.
(one ounce of Silver in each).

[Jim W N]

Whew! I was scared there for a minute. Thought maybe the patients really were running the asylum and didn’t know what they were doing. Guess we’re OK after all.

[Politically Correct]

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.

It's not a flaw it's a feature.
They left a spot blank where they can put on the extra zeros ";^)

[ColdOne]

The only flaw I could think of is...TIM GEITNERS name on it. I hope I spelled it correctly.

[listenhillary]

In other news, the treasury will ask North Korea for advisors to come in and show the printing press operators how to do it right and not muck it up.

[Michael Barnes]

Even the presses are regurgitating at all the spending.

[Lazlo in PA]

I may be considered on parity with Drug Dealers but as a Landlord I deal with $100 bills all the time. Try getting the supermarket checkout chick to make change properly is always entertaining. Everyone used plastic so they have no idea what they are doing.

[mamelukesabre]

Are you a little kid? Grownups use big bills when buying large items, like a boat or a motorcycle or a trailer.

[Signalman]

Watch out, the ink’s still wet.

[taxtruth]

The whole us government is flawed and the non federal no reserve should be shut down and charged with FRAUD!

[spintreebob]

Since they aren’t worht $100 anymore, what’s the big deal?

[ssaftler]

I’ll be glad to take any of the flawed bills

I'm with ya. Put 'em away for a few years and the numismatic value will far outpace inflation, I'm guessing.

[bgill]

Why the heck didn’t they stop the presses when the problem was first spotted? Not $100,000,000,000.00 later. Talk about government waste. The 12 year old down the street could probably do a better job in photoshop.

[Jeff Winston]

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.

So you're telling me they printed 1.1 BILLION flawed bills because nobody noticed??

It would appear that the federal government can't do a damn thing right, up to and including basic quality control.

Yet some people want these people controlling our lives.

"Close enough for government work."

[MamaDearest]

Just mint a billion $100 Silver coins intead. (one ounce of Silver in each).

I'd take those too instead. Although aren't flawed coins and bills worth more money as collectibles down the pike? I read some of the state quarters (Wisconsin) were printed incorrectly and are now worth lots more than a quarter.

[ninonitti]

Debase our currency?

That's very funny coming from the people who are doing it with massive debt.