DIR Return Create A Forum - Home
       ---------------------------------------------------------
       Concerned American Party
  HTML https://concernedamericanparty.createaforum.com
       ---------------------------------------------------------
       *****************************************************
   DIR Return to: Economic Discussion
       *****************************************************
       #Post#: 13--------------------------------------------------
       Billions in misprints??
       By: Corwin Date: August 16, 2013, 9:59 am
       ---------------------------------------------------------
       "For the past few years, the Federal Reserve has been preparing
       to introduce a redesigned hundred-dollar bill into circulation.
       It will have a Liberty Bell that changes color, a new hidden
       message on Ben Franklin’s collar, and tiny 3-D images that move
       when you tilt the bill this way or that. But delay has followed
       delay" Quote from David Wolman
  HTML http://www.infowars.com/blunder-at-the-money-factory-feds-misprint-3-billion-in-100-bills-taypayers-foot-bill-to-replace/
       Link to the article on infowars.
       Link to the article on Newyorker
  HTML http://www.newyorker.com/online/blogs/newsdesk/2013/08/blunder-at-the-money-factory.html
       #Post#: 14--------------------------------------------------
       Re: Billions in misprints??
       By: Corwin Date: August 16, 2013, 10:01 am
       ---------------------------------------------------------
       Do not be deceived that it might have been a 30B in misprinted
       money.  These Notes are Federal Reserve Notes.  The cost to make
       a Note, a Note of any denomination rather it be $1, 2, 5, 10,
       20, 50, 100, 500, 1000, etc. depends on the denomination.  The
       COST for a $100.00 value is ONLY "7.8 cents per Note".  The
       Bureau of Engraving and Printing is basing their value on the
       face Value of the Note, not the actual COST.  By rounding the
       7.8 cents to 0.08 cents.  SO the real cost of making these
       misprinted Notes ONLY comes out to be 2,400,000.00.  This came
       directly from the Website of the Board of Governors of the
       Federal Reserve System itself.  Do you honestly believe that it
       would cost a 100.00 to print a Note. The resounding answer is
       NO!   A Note is simply like any other Goods and Services made
       and placed into the public.  You have Whole cost and you then
       have Retail cost.  The Whole sale cost of the Note is 7.8.
       [SOURCE]
  HTML http://www.federalreserve.gov/faqs/currency_12771.htm
       
       This is bad journalism on the part of MSN, including The New
       Yorker.
       This is a comment from Fred35
       Good stuff.
       *****************************************************