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U.S. as stupid as it looks?

Posted by Jaaa!&, 07 December 2010 · 519 views

My thoughts on this news article: http://yhoo.it/dFou7Y

Ok, so heres a quick recap of the story above if one doesn't feel like reading it. The United States called back 1 billion American $100 Bills in some random place in Fort Worth Texas. Reason?, Because the United States messed up the printing of the bill, rather the printer did. See the American $100 Dollar is the easiest bill to counterfeit since there has not been a new one released since 1996 and is prone to modern security breaches. Well the new bill interrogated and different detection strip and a 3D item between the bill so its almost impossible to counterfeit. However, the printer cannot handle the demand and as messed up all the new $100 dollar bills that have been printed, which en-counts for 1/10 of the American Dollar Bills in circulation today.

Some people may this this as a bad thing, but I myself do not. See since the basic lesson is that, more of an Currency that is in circulation the less it is worth, so in fact the holding of 1/10 of the American Currency might be a good thing since the simple fact of the matter is, less amount of bills in circulation. On a side note, why did it take the government so long to notice this problem???? I think the goverment is in the mindset of, "Hey we haven't had a problem with it, why change it, right?" Well see, If a simple Human took just one second to see how a stack of money was printed and make sure everything was alright, that we wouldn't be having this discussion right now. People rely to much on technology to do their work for them and not to use their hands, feet, and that weird thing that is in there head, what is it called, oh ya a brain. Run it thought that machine, run it thought that press over there, damn people get off your lazy ass and do some work. By the way, Have fun playing ET, COD4, CODBO, BF2




They should send me all of those dollars bills they recalled =P. I would put them to good use (like buying porn)
Go back to bed America your Government has figured out how it all transpired, go back to bed, here's american gladiators, watch this, shut up.
$100 billion is not enough to worry about. They (the Federal Reserve) created $600 billion out of thin air last month to buy back Treasury bonds since the US Federal Government is too broke to pay back the principal on the bonds they already sold. Like using one credit card to pay the minimum payment due on another credit card. That's where we are now.

Good thing $60 trillion disappeared into thin air when the credit market seized up in 2008, or we would actually have inflation from all this new money printing.

The federal government is actually in a unique position - they can print a few trillion dollars and pay down debt, like they just did with the $600 billion, and not cause much inflation.

Instead we are seeing masive deflation in the US. House prices are 2/3 of five years ago, gasoline is much cheaper, TVs and computers are half price, etc etc.

$100 billion is not enough to worry about. They (the Federal Reserve) created $600 billion out of thin air last month to buy back Treasury bonds since the US Federal Government is too broke to pay back the principal on the bonds they already sold. Like using one credit card to pay the minimum payment due on another credit card. That's where we are now.

Good thing $60 trillion disappeared into thin air when the credit market seized up in 2008, or we would actually have inflation from all this new money printing.

The federal government is actually in a unique position - they can print a few trillion dollars and pay down debt, like they just did with the $600 billion, and not cause much inflation.

Instead we are seeing masive deflation in the US. House prices are 2/3 of five years ago, gasoline is much cheaper, TVs and computers are half price, etc etc.


You know computer monitors and TVs will actually go up in price because it will not be overstocked after this holiday season. DDR3 ram on the other hand has been so overproducted that the value is plummeting like made (and will continue into next year). You can get 4 GB 2x2 DDR3 patriot ram for like $39.99 after rebate sometimes if you look around

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