We can't even print money right - GoFuckYourself.com

Sly · 12-06-2010, 01:43 PM

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."

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.

More than 1 billion unusable bills have been printed. Some of the bills creased during production, creating a blank space on the paper, one official told CNBC. Because correctly printed bills are mixed in with the flawed ones, even the ones printed to the correct design specs can't be used until they 're sorted. It would take an estimated 20 to 30 years to weed out the defective bills by hand, but a mechanized system is expected to get the job done in about a year.

Combined, the quarantined bills add up to $110 billion -- more than 10 percent of the entire U.S. cash supply, which now stands at around $930 billion.
The flawed bills, which cost around $120 million to print, will have to burned.

The new bills are the first to include Treasury Secretary Tim Geithner's signature. In order to prevent a shortfall,the government has ordered production of the old design, which includes the signature of Bush administration Treasury Secretary Henry Paulson. That, surely, is not the only respect in which the nation's lead economic officials would like to turn back the clock to sometime before the 2008 financial crisis.

Oracle Porn · 12-06-2010, 01:45 PM

USA is burning money? Can't be so.

Evil Chris · 12-06-2010, 01:45 PM

The Ocean's 11 guys will sort this one out.

minicivan · 12-06-2010, 01:46 PM

Quote:

Originally Posted by Oracle Porn

USA is burning money? Can't be so.

I think people in the US would have it any other way.

spazlabz · 12-06-2010, 01:48 PM

ok this made me LOL bad hahahaha

MaDalton · 12-06-2010, 01:49 PM

congrats to the winners

marketsmart · 12-06-2010, 01:49 PM

how much do you want to bet that some of that money is never burned...

.

mikem123 · 12-06-2010, 02:00 PM

Quote:

Originally Posted by marketsmart

how much do you want to bet that some of that money is never burned...

.

I i bet you are correct

kristin · 12-06-2010, 02:44 PM

D'oh ....

PornMD · 12-06-2010, 02:47 PM

"The flawed bills, which cost around $120 million to print, will have to burned."

Yay, our tax money at work! Said so eloquently too.

JFK · 12-06-2010, 02:50 PM

they would be worth a great deal onthe collectors market

Agent 488 · 12-06-2010, 02:56 PM

fucking "genius" obama can't even print money correctly. should have used a teleprompter!

CyberHustler · 12-06-2010, 03:05 PM

Smegma, I tell ya!!!

Davy · 12-06-2010, 03:42 PM

Just bring them into circulation. Nobody will care and the US will deflate. Job well done.

Fletch XXX · 12-06-2010, 03:42 PM

world is in bad shape.

seeandsee · 12-06-2010, 03:44 PM

they are printing at this same moment few billions

Dvae · 12-06-2010, 03:46 PM

Its Obama's fault

Socks · 12-06-2010, 04:04 PM

It won't be $120m lost, depending on how much the counting machine will cost and the delays etc. The total cost of all the bills was $120m, not the cost of the bad ones.

LeRoy · 12-06-2010, 04:05 PM

Someone is gonna get shit canned for that!

woj · 12-06-2010, 04:12 PM

"The flawed bills, which cost around $120 million to print, will have to burned."

Dvae · 12-06-2010, 04:27 PM

Quote:

Originally Posted by LeRoy

Someone is gonna get shit canned for that!

Don't bet on that.

These are government workers and most likely union.

TCLGirls · 12-06-2010, 04:37 PM

Quote:

Originally Posted by Sly

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.

oh well back to the drawing board

Jim_Gunn · 12-06-2010, 04:48 PM

Quote:

Originally Posted by LeRoy

Someone is gonna get shit canned for that!

No one got shit canned for failing to stop 9/11 or letting New Orleans get flooded in Hurricane Katrina or for letting Bernie Madoff run wild. Doubt this will happen either.

Vendzilla · 12-06-2010, 04:50 PM

I guess even the printing press couldn't handle it

Supz · 12-06-2010, 04:55 PM

Sly, If I had your money, I would burn mine.

fatfoo · 12-06-2010, 07:33 PM

You can't print money, but you can sure print business cards with your contact information.

MaDalton · 12-06-2010, 07:38 PM

maybe that should have been outsourced to China...

charlie g · 12-06-2010, 07:39 PM

Quote:

Originally Posted by fatfoo

You can't print money, but you can sure print business cards with your contact information.

You can print money foo. Just dont get caught!

12-06-2010, 01:43 PM	#1
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,298	We can't even print money right 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." 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. More than 1 billion unusable bills have been printed. Some of the bills creased during production, creating a blank space on the paper, one official told CNBC. Because correctly printed bills are mixed in with the flawed ones, even the ones printed to the correct design specs can't be used until they 're sorted. It would take an estimated 20 to 30 years to weed out the defective bills by hand, but a mechanized system is expected to get the job done in about a year. Combined, the quarantined bills add up to $110 billion -- more than 10 percent of the entire U.S. cash supply, which now stands at around $930 billion. The flawed bills, which cost around $120 million to print, will have to burned. The new bills are the first to include Treasury Secretary Tim Geithner's signature. In order to prevent a shortfall,the government has ordered production of the old design, which includes the signature of Bush administration Treasury Secretary Henry Paulson. That, surely, is not the only respect in which the nation's lead economic officials would like to turn back the clock to sometime before the 2008 financial crisis. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - 1st month free for GFY members - DM for details Wanted: CCBill pay sites for sale

12-06-2010, 01:45 PM	#2
Oracle Porn Affiliate Industry Role: Join Date: Oct 2002 Location: Icq: 94-399-723 Posts: 24,433	USA is burning money? Can't be so. __________________

12-06-2010, 01:45 PM	#3
Evil Chris OG Industry Role: Join Date: Dec 2001 Location: 3rd from the Sun Posts: 13,233	The Ocean's 11 guys will sort this one out. __________________ It PAYZE to post on GFY chris at payze.com \| Skype chriswrp

12-06-2010, 01:49 PM	#6
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	congrats to the winners __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

12-06-2010, 02:44 PM	#9
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	D'oh .... __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

12-06-2010, 01:48 PM	#5
spazlabz Confirmed User Industry Role: Join Date: Jul 2003 Location: Kentucky Posts: 6,548	ok this made me LOL bad hahahaha

12-06-2010, 01:49 PM	#7
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	how much do you want to bet that some of that money is never burned... .

12-06-2010, 02:47 PM	#10
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	"The flawed bills, which cost around $120 million to print, will have to burned." Yay, our tax money at work! Said so eloquently too. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

12-06-2010, 02:50 PM	#11
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	they would be worth a great deal onthe collectors market __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

12-06-2010, 02:56 PM	#12
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	fucking "genius" obama can't even print money correctly. should have used a teleprompter!

12-06-2010, 03:05 PM	#13
CyberHustler Unregistered Abuser Industry Role: Join Date: Feb 2006 Posts: 25,742	Smegma, I tell ya!!!

12-06-2010, 03:42 PM	#14
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	Just bring them into circulation. Nobody will care and the US will deflate. Job well done. __________________ --- ICQ 14-76-98 <-- I don't use this at all

12-06-2010, 03:42 PM	#15
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	world is in bad shape. __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

12-06-2010, 03:44 PM	#16
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	they are printing at this same moment few billions __________________ BUY MY SIG - 50$/Year Contact here

12-06-2010, 03:46 PM	#17
Dvae Confirmed User Industry Role: Join Date: Feb 2005 Location: US Posts: 5,326	Its Obama's fault

12-06-2010, 04:04 PM	#18
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	It won't be $120m lost, depending on how much the counting machine will cost and the delays etc. The total cost of all the bills was $120m, not the cost of the bad ones.

12-06-2010, 04:05 PM	#19
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,337	Someone is gonna get shit canned for that! __________________ JAPANESE CAMS AND CONTENT SITES Skype - leroy.rowland2

12-06-2010, 04:12 PM	#20
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	"The flawed bills, which cost around $120 million to print, will have to burned." __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

12-06-2010, 04:50 PM	#24
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,200	I guess even the printing press couldn't handle it __________________ Webair died? Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that

12-06-2010, 04:55 PM	#25
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	Sly, If I had your money, I would burn mine.

12-06-2010, 07:33 PM	#26
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	You can't print money, but you can sure print business cards with your contact information. __________________ Send me an email: [email protected]

12-06-2010, 07:38 PM	#27
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	maybe that should have been outsourced to China... __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com