1 billion In Wrong Bills
Linkedin

1 billion In Wrong Bills

Los Angeles : CA : USA | Oct 05, 2011 at 3:56 PM PDT
XX XX
Views: Pending
 
1 billion In Wrong Bills

Rumor runing around the U.S. Government misprinted out 100 bills and were force to quarantine more than 1 billion of them, which is more than 10 percent of all existing U.S. cash. They were locked away in a vault in Fort Worth, Texas.

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.

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. If I thought we were out of economic crisis I resign that judgement. Its a cryin shame even the Government can't get it right but i guess we are all human.

1 of 2
Next
1 billion In Wrong Bills.
frogger12 is based in Los Angeles, California, United States of America, and is a Stringer for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 

Images

 >
 

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.