Here Is The Real Reason Why The Fed Is Delaying The New $100 Bill
A few weeks ago, the Fed announced that the new $100 dollar note has been delayed, and will not make broad circulation by the February 2011 scheduled date. Contrary to prior rumors that either the Fed's printer had finally broken, or that all the ink had been used up, courtesy of William Banzai we now know the true reason. Over the past several months, using the smokescreen of QE 2, the Fed has been secretly contemplating two completely different monetary concepts, both very much appropriate for our Keynesian end-times. Since the Fed will shortly request public commentary on which of the two alternatives should be implemented, we present them to Zero Hedge readers first.
Concept #1 - the "use by" bills. If one wants to accelerate the velocity of the dollar (to infinity, at least in theory), with the multiplier currently stuck well below 1, all one needs is to add an expiration date on every single piece of linen. Below is an artist's rendering of the circulating specimen.
Concept #2 - the "fill it in yourself" bill. This one is pretty self explanatory.
We are confident that the final solution (with respect to the dollar) will incorporate the best of all worlds.
h/t William Banzai