Your just have to love all them government workers. Like congress no checking procedures just run along fat dumb and happy. Some how I see this as going to be Bush's fault. :rolleyes:
"Waste: $3 billion in useless $100 bills"
According to the Bureau of Engraving and Printing, their D.C. factory location produced a botched batch of more than 30 million hundred-dollar bills—that makes for a useless 3 billion dollars.
The latest printing error, called "mashing," results when too much ink is applied to the paper and does not fit within the marked parameters, making for imprecise details on the bill's artwork.
The Federal Reserve, which deemed the batch unacceptable, is returning the bills and demanding for a refund, but it's the taxpayers who are also paying for the printing error.
more @
http://www.cnbc.com/id/100960164?__source=xfinity (http://www.cnbc.com/id/100960164?__source=xfinity)|hero&par=xfinity
There goes something like 2.5 million because someone put too much ink in? Don't they check these bills after a few come out?
Quote from: mhughes on August 15, 2013, 12:10:54 PM
There goes something like 2.5 million because someone put too much ink in? Don't they check these bills after a few come out?
I have done a lot of Graphic Printing in my life time. I had 16 Graphic Printers work for me. I can tell you IF your not checking and double checking all the time you can be in big trouble in a very short time. No way in hell they would miss it IF they were doing Quality check through the run day and night. That just very poor workmanship. There should be a lot of people looking for a new job.
Quote from: walkstall on August 15, 2013, 04:23:52 PM
I have done a lot of Graphic Printing in my life time. I had 16 Graphic Printers work for me. I can tell you IF your not checking and double checking all the time you can be in big trouble in a very short time. No way in hell they would miss it IF they were doing Quality check through the run day and night. That just very poor workmanship. There should be a lot of people looking for a new job.
It is the government. No accountability.
You would think with all of the money they are printing to off set the problems caused by Obama, the mint would be very skilled at printing 100's... :confused:
Saw this today, a bit more info.
http://www.cnn.com/video/data/2.0/video/us/2013/08/26/lead-dnt-mcpike-money-printing-mistake.cnn.html (http://www.cnn.com/video/data/2.0/video/us/2013/08/26/lead-dnt-mcpike-money-printing-mistake.cnn.html)
This is the THIRD printing. And it'll cost us around $4M
Quote from: supsalemgr on August 16, 2013, 04:29:47 AM
It is the government. No accountability.
I'M NOT defending this. HOWEVER, I too, am in the 'printing' business. And I have had thousands of 'items' run off in a run and some run off pretty damn fast and some even when you you have done press checks and everything looks fine--had stuff in the middle, not be fine. BUT in this case??? There are so many 'security' elements to PAPER MONEY printing, I'd be very very surprised, if you even KNEW until they were run, done and dried that something was wrong. Tell me a little 'ink saturation' or lack thereof from these new changes might render a whole run useless.
(there are graphics on this but I doubt they will post)...
New Security Features
The advanced security features – the 3-D Security Ribbon and the Bell in the Inkwell – offer a simple and subtle way to verify that a new $100 note is real.
Look for a blue ribbon on the front of the note.
Tilt the note back and forth while focusing on the blue ribbon. You will see the bells change to 100s as they move. When you tilt the note back and forth, the bells and 100s move side to side.
If you tilt it side to side, they move up and down. The ribbon is woven into the paper, not printed on it.
Look for an image of a color-shifting bell, inside a copper-colored inkwell, on the front of the new $100 note. Tilt it to see the bell change from copper to green, an effect which makes the bell seem to appear and disappear within the inkwell.
Quote from: cpicturetaker12 on November 25, 2013, 05:17:53 PM
I'M NOT defending this. HOWEVER, I too, am in the 'printing' business. And I have had thousands of 'items' run off in a run and some run off pretty damn fast and some even when you you have done press checks and everything looks fine--had stuff in the middle, not be fine. BUT in this case??? There are so many 'security' elements to PAPER MONEY printing, I'd be very very surprised, if you even KNEW until they were run, done and dried that something was wrong. Tell me a little 'ink saturation' or lack thereof from these new changes might render a whole run useless.
(there are graphics on this but I doubt they will post)...
New Security Features
The advanced security features – the 3-D Security Ribbon and the Bell in the Inkwell – offer a simple and subtle way to verify that a new $100 note is real.
Look for a blue ribbon on the front of the note. Tilt the note back and forth while focusing on the blue ribbon. You will see the bells change to 100s as they move. When you tilt the note back and forth, the bells and 100s move side to side. If you tilt it side to side, they move up and down. The ribbon is woven into the paper, not printed on it.
Look for an image of a color-shifting bell, inside a copper-colored inkwell, on the front of the new $100 note. Tilt it to see the bell change from copper to green, an effect which makes the bell seem to appear and disappear within the inkwell.
I also understand printing, I supervised it for over 30 years. Sorry but there is no excuse for sloppy work.
Quote from: walkstall on November 25, 2013, 05:27:43 PM
I also understand printing, I supervised it for over 30 years. Sorry but there is no excuse for sloppy work.
But those $100 bill security designs are soooo subtle. And ink is laid down awfully 'thin' and FAST. Just sayin....
Quote from: walkstall on November 25, 2013, 05:27:43 PM
I also understand printing, I supervised it for over 30 years. Sorry but there is no excuse for sloppy work.
I think 30 million bad $100 bills might qualify for something a bit harsher than "sloppy work." :tounge:
Quote from: mike.redd1266 on August 20, 2013, 09:15:46 AM
You would think with all of the money they are printing to off set the problems caused by Obama, the mint would be very skilled at printing 100's... :confused:
[/quote
I guess that $840,000,000,000 that Bush led off--BAILOUT 1 with was done in 'scrip'??
Quote from: cpicturetaker12 on November 25, 2013, 05:41:59 PM
You would think with all of the money they are printing to off set the problems caused by Obama, the mint would be very skilled at printing 100's... :confused:
I guess that $840,000,000,000 that Bush led off--BAILOUT 1 with was done in 'scrip'??
Ah yes, Bush the socialist. Just because he ran a ridiculous debt, doesn't excuse Hussein's doubling it, though that would explain why the print shop screwed up.
Freakin overworked. :lol:
Quote from: cpicturetaker12 on November 25, 2013, 05:41:59 PM
Quote from: mike.redd1266 on August 20, 2013, 09:15:46 AM
You would think with all of the money they are printing to off set the problems caused by Obama, the mint would be very skilled at printing 100's... :confused:
[/quote
I guess that $840,000,000,000 that Bush led off--BAILOUT 1 with was done in 'scrip'??
Actually, I was wrong. It was $850,000,000,000--$700,000,000,000 + a supplemental $150,000,000,000 added to it (we gotta figure that is where congressional pork was 'stuffed'--yes, no doubt both sides).
Quote from: TboneAgain on November 25, 2013, 05:37:30 PM
I think 30 million bad $100 bills might qualify for something a bit harsher than "sloppy work." :tounge:
We started have the printers put there name on there work. Surprising how fast the quality of work improved.
Quote from: walkstall on November 25, 2013, 05:53:35 PM
We started have the printers put there name on there work. Surprising how fast the quality of work improved.
I wonder how big a box would have to be to contain 30 million bad $100 bills. I'll bet my wife's cedar chest wouldn't hold 'em.
Quote from: TboneAgain on November 25, 2013, 05:57:01 PM
I wonder how big a box would have to be to contain 30 million bad $100 bills. I'll bet my wife's cedar chest wouldn't hold 'em.
What does one TRILLION dollars look like? (http://www.youtube.com/watch?v=Tym9AhMNcP0#)
Quote from: Solar on November 25, 2013, 05:45:18 PM
Ah yes, Bush the socialist. Just because he ran a ridiculous debt, doesn't excuse Hussein's doubling it, though that would explain why the print shop screwed up.
Freakin overworked. :lol:
Hussein doubled it??? Are you sure about that? Are you sure some of that deficit isn't ADDING BACK IN THE COST OF 2 WARS that were fought for 7 years
OFF THE BOOKS--at some point they had to be added?? When were they? How about the PRICE OF MEDICARE PART D for which there was NO NEGOTIATING by YOUR GOVERMENT for better pricing and cost constraints?? Isn't that a chunk of the FUTURE 'obligations' that Hussein owes? And BUSH'S $890 BILLIOIN bailout before Husseins rounds 2 and 3?? If that BAILOUT happened in SEPTEMBER, 2008 which fiscal year did it that deficit get counted in??? Under Bush or Hussein? You wanna hit and run with your 'facts', lets lay it all out on the table.
PS WHY DIDN'T IT MATTER WHEN CHENEY SAID
"DEFICITS DON'T MATTER"??
Quote from: cpicturetaker12 on November 26, 2013, 12:02:48 PM
Hussein doubled it??? Are you sure about that? Are you sure some of that deficit isn't ADDING BACK IN THE COST OF 2 WARS that were fought for 7 years OFF THE BOOKS--at some point they had to be added?? When were they? How about the PRICE OF MEDICARE PART D for which there was NO NEGOTIATING by YOUR GOVERMENT for better pricing and cost constraints?? Isn't that a chunk of the FUTURE 'obligations' that Hussein owes? And BUSH'S $890 BILLIOIN bailout before Husseins rounds 2 and 3?? If that BAILOUT happened in SEPTEMBER, 2008 which fiscal year did it that deficit get counted in??? Under Bush or Hussein? You wanna hit and run with your 'facts', lets lay it all out on the table.
PS WHY DIDN'T IT MATTER WHEN CHENEY SAID "DEFICITS DON'T MATTER"??
(https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcSaRKP518jGMY3KSbvtSvQQwTpFjQWmDPndpZqhoWe5YDOuIdZvHQ)