Posted on 04/25/2013 12:00:46 AM PDT by Windflier
The Federal Reserve announced Wednesday that it will begin circulating a $100 bill redesigned with high-tech security features this fall, more than two years after its initial target.
The Fed has set a target date of October 8. The revamped note incorporates added security features, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell that switches color from copper to green when tilted.
The features are designed to thwart counterfeiters. The new notes, which cost slightly more to produce, also boast a large '100' that shifts colors as the viewing angle is tilted.
(Excerpt) Read more at dailymail.co.uk ...
Why TELL the bad guys this is coming? Wouldn’t it be much better to just announce it was coming a week or ten days out? How dumb ARE the people running our lives?
I like the inkwell with the Liberty Bell in it.
BO didn’t demand his picture be put on it?
Because he was the one Founder smart enough not to get elected president -- and he knew it.
I have a beef with that headline too. I’ve read on other threads that some ATMs in Las Vegas dole out 100s.
Maybe ATMs in England give 100-euro notes so they figured ours are similar.
Either he or Bernanke would have the choice for that trillion-dollar coin insanity.
Hamilton’s on the 10. Not a President.
But he would have liked to be one.
Funny! Um, so which stump was it again?
What - you think the bad guys can use this information (and images on the internet) to start counterfeiting these bills? Not hardly.
No, he wants his picture on the one dollar bill. He know that most people will never see a one hundred dollar bill in his economy.
The currency the entire world will be using in less than five years is all printed and packed, and sitting in warehouses in a European city. The currency has been photographed on the pallets. The banker families who started the federal reserve have plans for a world-wide currency when they hit the reset button. ... No wonder the UFO aliens aren’t sitting down to dine with US, they don’t want the infection spreading to the Galaxy.
Why bother? The government is the biggest counterfeiter of all. Their fiat currency is backed by nothing but the illusion of government lies. Someday these bills will be worth less than a square of toilet paper.
True. My guess is, it's the same for all currencies today. It's the world we live in, which has always been imperfect and fraught with unnecessary evils.
We soldier on.
I read the other day that 66% of U.S. Currency is held outside the U.S.; I assume much of it in the favored $100 bill.
Two benefits to introducing the new bill:
1 - The counterfeits in circulation are eliminated, thereby reducing to some degree the USD in circulation.
2 - The new bill offers a "safe" (much lower probability of counterfeits), though admittedly possibly less desirable, alternative to metals; thereby increasing demand.
I would assume that it can only help bolster what's left of the value of the US dollar, but the Fed is printing money so fast, that it probably won't make a difference.
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