BREAKING: Fed Delays Release of New $100 Bill Due To... Printing Press Problems!

Oh this is just too funny. Let me guess, Zimbabwe Ben burnt it out? Ink shortages?

Via the Board:

The Federal Reserve Board on Friday announced a delay in the issue date of the redesigned $100 note. This new design incorporates cutting edge, anti-counterfeiting technologies and the Federal Reserve imposes strict quality controls to ensure that users of U.S. currency around the world receive the highest quality notes.

The Bureau of Engraving and Printing manufactures Federal Reserve notes and has identified a problem with sporadic creasing of the paper during printing of the new $100 note, which was not apparent during extensive pre-production testing. As a consequence, the Federal Reserve will not have sufficient inventories to begin distributing the new $100 notes as planned.

The Bureau of Engraving and Printing is working to resolve this problem, and the Federal Reserve Board will announce a new issue date for the redesigned $100 note as soon as possible. The originally scheduled issue date was February 10, 2011.

Maybe the problem is that we're printing too many of the old bills and need to give the God damn printing press a break. Just my $0.0000002.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


W.C. Varones said...

These continual redesigns for counterfeit security are a joke.

First of all, what could be more counterfeit than a Zimbabwe Ben note in the first place?

Secondly, no matter what silly little features they add, the Chinese / Iranians / North Koreans will be able to fake them well enough to fool most merchants and most banks.

I think the new strategy is to devalue the dollar to the point where $100 is not worth counterfeiting, and then refuse to issue larger denominations.

JW said...

Hey Jr, where'd Skeptical CPA go?


He is still around, just feels he has run out of original things to say. He wonders how many times one can write that the SEC is disingenuous without sounding repetitive.

JW said...

Fair enough. I thought of him when Cali decriminalized week b/c of the cost of prohibition. He predicted just that.

Hopefully he'll return.