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Government can’t print money properly
The Lookout News Blog and Yahoo ^
| Mon Dec 6, 9:36 am ET
| Zachary Roth
Posted on 12/06/2010 1:54:07 PM PST by hattend
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
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: benanke; dollars; fed; fubo; government; littletimmy; money; printing; screwup; treasury
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1
posted on
12/06/2010 1:54:10 PM PST
by
hattend
To: hattend
Be sure to check out the comments after the article. Some are funny.
2
posted on
12/06/2010 1:55:53 PM PST
by
hattend
(The meaning of the 2010 election was rebuke, reject, and repeal. - Sarah Palin)
To: hattend
The North Koreans seem to be pretty good at printing Benjamins. Why not pay them to do it for us? (Has anyone in Washington ever heard of a pilot run?)
3
posted on
12/06/2010 1:57:09 PM PST
by
Lonesome in Massachussets
(Socialists are to economics what circle squarers are to math; undaunted by reason or derision.)
To: hattend
That’s okay.
They can’t spend it properly either................
4
posted on
12/06/2010 1:57:35 PM PST
by
Red Badger
(The House finally fell on Nancy Pelosi..........)
To: hattend
5
posted on
12/06/2010 1:58:41 PM PST
by
WOBBLY BOB
( "I don't want the majority if we don't stand for something"- Jim Demint)
To: Red Badger
To: Red Badger
7
posted on
12/06/2010 2:02:22 PM PST
by
hattend
(The meaning of the 2010 election was rebuke, reject, and repeal. - Sarah Palin)
To: hattend
Did anyone notice that they were attempting to print ONE BILLION $100 bills?
Keynes:
The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens...and does it in a manner which not one man in a million is able to diagnose.
8
posted on
12/06/2010 2:03:17 PM PST
by
MrB
(The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
To: hattend
Only a government agency is allowed to do full production run without running a test batch for Q/C.
9
posted on
12/06/2010 2:03:38 PM PST
by
Deaf Smith
(When a Texan takes his chances, chances will be taken that's for sure.)
To: hattend
If a fiat currency note is not in circulation, is it actual money?
10
posted on
12/06/2010 2:03:48 PM PST
by
SES1066
(Thank you for your vote in November, now let us get to work!)
To: hattend
It would take an estimated 20 to 30 years to weed out the defective bills by hand...Out of purely altruistic, patriotic motives, I volunteer to begin this horrendous task. I'll even work out of my own home.
11
posted on
12/06/2010 2:05:16 PM PST
by
T Minus Four
(Duh. We were talking about in the old days or not-so-distant old days)
To: MrB
12
posted on
12/06/2010 2:07:03 PM PST
by
WOBBLY BOB
( "I don't want the majority if we don't stand for something"- Jim Demint)
To: Red Badger
Why would you want 1.1 billion $100 bills at Fort Knox?
That’s a good question. How about to stave off runs on local banks? This is just a contingency plan, but it makes me a bit uncomfortable. What do THEY think the probability is?
13
posted on
12/06/2010 2:10:29 PM PST
by
BillM
To: hattend
Turn the mis-printed money into ethanol! LOL.
To: WOBBLY BOB
Call North Korea, they have been doing a great job of copying the current $100.00 Bill. In fact so good that we had to go back to the drawing board, and come up with this new one.Go ahead and turn them loose, the blank ones will make great collectors items, and Korea won’t want to copy them... Start the presses.
15
posted on
12/06/2010 2:12:44 PM PST
by
BooBoo1000
(" Let go, and Let God")
To: hattend
The administration that can't even cheat properly.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
16
posted on
12/06/2010 2:13:44 PM PST
by
The Comedian
(Government: Saving people from freedom since time immemorial.)
To: WOBBLY BOB
17
posted on
12/06/2010 2:14:44 PM PST
by
C210N
(0bama, Making the US safe for Global Marxism)
To: hattend
Maybe we can subcontract printing to North Korea?
18
posted on
12/06/2010 2:19:53 PM PST
by
null and void
(We are now in day 684 of our national holiday from reality. - 0bama really isn't one of US.)
To: C210N
Hell, put him on the trillion dollar bill. You’ll need a wheel barrow full of them to get a loaf of bread.
He’s the American Mugabe... well, if he is American...uh...
19
posted on
12/06/2010 2:21:28 PM PST
by
hattend
(The meaning of the 2010 election was rebuke, reject, and repeal. - Sarah Palin)
To: T Minus Four
"Out of purely altruistic, patriotic motives, I volunteer to begin this horrendous task. I'll even work out of my own home."
I am stunned by your generous offer. What noble selflessness. :)
20
posted on
12/06/2010 2:24:05 PM PST
by
Redhd2
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