Beta Testing QE 4 - "Large Amount" Of $100 Bills Stolen From Federal Reserve

Tyler Durden's picture




 

A month ago, just before the launch of QEternity, we caught a rare glimpse of what may be the beta test of one of the Fed's latest ploys in "unconventional monetary easing" when bank robbers decided to throw money out of their car in central LA during a police pursuit. Today, a month later, and 4 weeks after Bernanke's latest open-ended monetary easing, incorrectly reference virtually everywhere as QE3 (as Twist has had more flow impact on the market than QE 1 and 2 combined) has proven to be, at least so far, an absolute failure, we learn what perhaps may be an even more "effective" approach to juicing the monetary supply with quite literally brand new, freshly printed Benjamins (the Franklin varietal; the Bernanke will have one or more separator commas). From AP: "Federal authorities are warning merchants to be on the lookout for stolen $100 bills that aren't supposed to go into circulation until next year. The bills were stolen from an airplane that landed in Philadelphia from Dallas Thursday morning. The plane had been transporting money from the Federal Reserve facility in Dallas."

Of course, anyone who has seen airplanes carrying Fed cargo, knows that robbing the ultra secretive GLD warehouse in London of all of its tungsten gold is child's play by comparison. And yet this is just what officially happened. Not only that but the stolen shipment is of $100 bills that will be introduced into circulation next year, giving counterfeiters a solid head start on preparations to further assist the Fed in diluting the US currency in circulation which as per the H.6 continues to rise by about $3 billion per week, and $90 billion per year and rising fast, clocking in at a record $1.074 trillion at last check.

So while the good news from the above is that the Fed will not be adopting the EUR in its plot to completely destroy the US currency in order to inflate away Federal debt that is now rising at a pace of $2.33 for every new dollar in GDP, the bad news is that in order to qualify for what may be the harbinger of QEs to come, one needs to have a good tracker of cargo planes carrying currency cargo. Because apparently all one needs to take possession of said cargo going forward is to politely say "please."

h/t Nihilarian

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Sat, 10/13/2012 - 19:53 | 2885804 SHEEPFUKKER
SHEEPFUKKER's picture

helicopter Ben turned airplane Ben. 

Sat, 10/13/2012 - 20:07 | 2885839 redpill
redpill's picture

Each iteration of our curreny ironically looks increasingly similar to Monopoly money.

Sat, 10/13/2012 - 20:13 | 2885849 Cistercian
Cistercian's picture

That's because it has just as much intrinsic value as monopoly money.

   So much FAIL........

Sat, 10/13/2012 - 20:15 | 2885853 bania
bania's picture

The thiefs are paying it forward.

Sat, 10/13/2012 - 20:20 | 2885856 Precious
Precious's picture

Benjamin Franklin, printer, Fed hero.

Sat, 10/13/2012 - 20:26 | 2885861 THX 1178
THX 1178's picture

This is the Gold-standard stuff for after our hyperinflationary debt-jubilee.

Sat, 10/13/2012 - 20:36 | 2885877 Almost Solvent
Almost Solvent's picture

That thing is UGLY. What the fizuck is that orange thingy, an inkwell or a helmet for special kids that ride the short bus?

If we're gonna color our bills, lets get some real fucking artwork on there instead of this blah shit.

Sat, 10/13/2012 - 20:43 | 2885895 phyuckyiu
phyuckyiu's picture

Obomney needs some fresh benji's for his all nite coke orgies with Reggie and frens at his new pad in Hawaii. Penny Pritzker can't get donors to pay for everything, sadly.

Sat, 10/13/2012 - 21:30 | 2885952 flacon
flacon's picture

Speaking of Monopoly money, I'm sure most of you have seen this already, if not, have a look:

 

http://imgace.com/wp-content/uploads/2011/09/monopoly-money.jpg

 

 

Sat, 10/13/2012 - 22:43 | 2886042 jeff montanye
jeff montanye's picture

my favorite part?  that the thieves are inundated with cautions not to spend it until more are in circulation.  it's going to be hard though.  just think of the money they could make in the short term treasury market (one year: .18%).

 

Sat, 10/13/2012 - 23:01 | 2886063 JPM Hater001
JPM Hater001's picture

So lets think about this.
A) the robbers had been setting this up for months and given that large amounts missing I see a pallet.
B) said pallets are now in the possession of someone(s) with sequentially numbered notes on paper that will scream fraud.
C) they aren't getting rid of these for years

So why rob them? I'm guessing melt value...these bitches have gold weave...

Sun, 10/14/2012 - 00:29 | 2886143 TruthInSunshine
TruthInSunshine's picture

I go OT when it's pretty important, which I hope isn't too often, but Jim Rickards is claiming LIBORgate is on the cusp of bringing down the global banking system (I've never, ever heard of Rickards making wild claims or engaging in hyperbole before, he's not some lunatic fringe 'type,' and he's actually well-credentialed). I don't know if he's correct or not, but there have been some very bizarre & momentous meetings and scrambling by and of the IMF and other entities lately, as a result of some allegedly ominous alarm bells being sounded about financial systemic risk the world over:

 

Saturday, October 13, 2012

LIBOR Could Destroy the Banking System
"Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal "is the greatest fraud and greatest potential liability in history." He thinks rate rigging banks could be on the hook for "$2.5 trillion," and "The potential damages could destroy the banking system."
Sun, 10/14/2012 - 00:50 | 2886185 Dane Bramage
Dane Bramage's picture

FYI ~> Published on Jul 22, 2012 by

Unsure why Mr. Rickards just posted that to his blog today?

Sun, 10/14/2012 - 00:56 | 2886188 TruthInSunshine
TruthInSunshine's picture

Nice catch. Rickards is a sharp guy, IMO, so maybe there's a reason he posted this up to his own blog today.

Sun, 10/14/2012 - 01:11 | 2886193 Dane Bramage
Dane Bramage's picture

Agreed (re:Rickards) & no idea either.  He didn't add any additional/new content.  It could be as benign as needing to fill some space on a slow blog.   I think he'd be better served by providing some clarification, either way (e.g. "this story originally aired on xx/xx/xx....") .

Sun, 10/14/2012 - 08:26 | 2886683 thecoloredsky
thecoloredsky's picture

It says "Unnoficial tracking of his investment commentary"

Not Jim's blog.

Sun, 10/14/2012 - 13:29 | 2887783 fourchan
fourchan's picture

Theives Must Wait Year Before Spending Hundreds

"no problem" say theives.

Sun, 10/14/2012 - 14:21 | 2887917 saturn
saturn's picture

Anyone knows when and where the next shipment is due? I want my share too!

Sun, 10/14/2012 - 13:20 | 2887755 LayPersonWatchin
LayPersonWatchin's picture

Just think of all the money they could preserve if they bought SILVER

Sun, 10/14/2012 - 13:29 | 2887786 fourchan
fourchan's picture

lol that would be such a badass move!

Sat, 10/13/2012 - 22:59 | 2886059 FEDbuster
FEDbuster's picture

That image is classic, the colors match!!

Sun, 10/14/2012 - 20:29 | 2888910 Tompooz
Tompooz's picture

and this ..."Like a disappearing Liberty Bell in an orange inkwell"

 

you could't make it up.

Sun, 10/14/2012 - 00:28 | 2886156 Raymond Reason
Raymond Reason's picture

Incredible

Sun, 10/14/2012 - 18:42 | 2888750 Axenolith
Axenolith's picture

DUDE!  That's F***ED UP!

Sat, 10/13/2012 - 20:53 | 2885913 PersonalRespons...
PersonalResponsibility's picture

related, give it 60 seconds:

http://www.youtube.com/watch?v=IwwuZr6H1LQ

 

Sat, 10/13/2012 - 21:49 | 2885968 cowdiddly
cowdiddly's picture

Hummm... Strange, New money with an inkwell on it. How symbolically appropriate

Is this like a subliminal warning about what is fixing to happen or something?

Sat, 10/13/2012 - 22:17 | 2886008 zerozulu
zerozulu's picture

New $100 has an ink_well on it and new  inevitable $500 bill will have a printer on it.

Sun, 10/14/2012 - 00:02 | 2886133 StychoKiller
StychoKiller's picture

Wait until they come out with bills that update their denominations electronically...

Sun, 10/14/2012 - 10:16 | 2887111 machineh
machineh's picture

Attention: your wallet has been frozen because of unauthorized purchases.

For your protection, your ebills have been redenominated to zero.

To reactivate them, you must present ID, submit fingerprints and five years of tax returns, and file a claim form.

Sun, 10/14/2012 - 00:09 | 2886139 Gloomy Gus
Gloomy Gus's picture

The inkwell has a disappearing liberty bell inside it.  Even more warning of what is to come...

Sun, 10/14/2012 - 02:42 | 2886246 Lore
Lore's picture

"The new bills have...a disappearing Liberty Bell..."

Appropos.

There are rumors of vast organized counterfeiting rings overseas.

Sat, 10/13/2012 - 22:34 | 2886032 Tapeworm
Tapeworm's picture

kwitcherbitchin. Whaddyawant, a toner cartridge in place of the inkwell? ctrlP to ya

Sun, 10/14/2012 - 04:41 | 2886398 Darth Rayne
Darth Rayne's picture

The orangey thingy is meant to represent gold leaf.

They are saying that $100 is equal in value to a very thin smear of gold.

 

1 ounce is about 2,000 leaves of gold at  3 inches square.

1 ounce would make 64,000 gold leaf covered bills.

So $100 * 64,000 = $6,400,000

The FED are telling you that gold will be valued at $6 million an ounce, soon.

 

You do the math.

Sun, 10/14/2012 - 09:15 | 2887032 JPM Hater001
JPM Hater001's picture

Ergo by extention at 16:1 silver is $375K an oz.

Sun, 10/14/2012 - 10:33 | 2887129 Boxed Merlot
Boxed Merlot's picture

that orange thingy...

 

Gold ink. 

What kind of sick joke is this? 

These people have no conscience and are willing to justify their shameless, reckless and perverse deceit in broad daylight and are proud of it.

The emporer has no clothes, has been told he's stark-naked but is all the more proud because he believes he's Divine.  And the parade route continues to part and let him proceed as though he is.  I don't know who's crazier at this point.  Those that let him think he's divine are as sick as he is.

Reminds me of the recent show of Caligula.

  

 

Sat, 10/13/2012 - 20:23 | 2885864 The Shootist
The Shootist's picture

Who would steal pieces of paper? What's the utility, kindling?

Sat, 10/13/2012 - 20:56 | 2885918 SafelyGraze
SafelyGraze's picture

and *creased* pieces of paper at that! 
http://www.federalreserve.gov/faqs/currency_12769.htm

sounds like this is a job for you-know-who 
http://en.wikipedia.org/wiki/Federal_Reserve_Police 

(although .. maybe it's a head-fake and the creased bills are the real ones)

Sat, 10/13/2012 - 21:52 | 2885979 tlnzz
tlnzz's picture

Front running the Fed. in a new way.

Sun, 10/14/2012 - 13:12 | 2887733 Antifaschistische
Antifaschistische's picture

This is classic...only a fiat world creates post dated money. DONT SPEND IT TODAY! Its worthless? Wait until tomorrow, THEN its worth $100.

Sun, 10/14/2012 - 22:57 | 2889100 neidermeyer
neidermeyer's picture

The thieves are en-route to the North Korean embassy...

Sat, 10/13/2012 - 20:13 | 2885850 spastic_colon
spastic_colon's picture

Yeah so basically about $250 worth of 2014 USD made it into circulation, so what, not inflationary.

Sat, 10/13/2012 - 20:36 | 2885881 indygo55
indygo55's picture

Um, they were hundred dollar bills.

Sat, 10/13/2012 - 21:51 | 2885976 Sokhmate
Sokhmate's picture

prolly this: $250 face value: $.01/benjie -> 25,000 benjies -> $2.5 billion.

Sat, 10/13/2012 - 23:21 | 2886085 bilbert
bilbert's picture

Um, that was sarcasm...............

Sun, 10/14/2012 - 12:02 | 2887314 TorchFire
TorchFire's picture

So what of the possibility that this "theft" is part of a campaign to undermine the new, high security laden $100 FRN so that the case can be made that in spite of all these new security features, dangerous "terrorist counterfeiters" pose a tremendous threat to America? What if the threat is made manifest with a deluge of strategically released fake currency which strikes fear in the public, just as the FED rolls out the new Benjamins? What if the cowardly sheeple run to the "safe haven" of a high tech e-dollar which "can never be threatened"? Psychology: the REAL WMD.

Sun, 10/14/2012 - 14:21 | 2887911 Cathartes Aura
Cathartes Aura's picture

my first thought, get the media coverage for stolen fiats, get all the banks, retail, moneychangers, etc. to worry over the problem, and eventually swoop in with the solution:  let's just keep your valuable "monies" in the system, no need to carry anything other than the REAL-iD on yer smart gadgetry, paper monies are so unnecessary in the new world. . .

also, the orange "disappearing Liberty" bellwether, nice touch.

 

 

Sat, 10/13/2012 - 20:30 | 2885870 a growing concern
a growing concern's picture

I'm not that old, but $100 used to buy you a fair amount of stuff.  Now it'll buy you maybe a long sleeve shirt and a hamburger.  

 

Fuck you, Bernanke! (and Greenspan)

Sat, 10/13/2012 - 20:35 | 2885879 A Lunatic
A Lunatic's picture

The $100 is the new $20. Five hundred bucks buys what a hundred used to not so long ago.

Sat, 10/13/2012 - 21:43 | 2885965 nmewn
nmewn's picture

Plus one.

It is, once and always, a monetary phenomenon.

"Not only that but the stolen shipment is of $100 bills that will be introduced into circulation next year, giving OTHER counterfeiters a solid head start on preparations to further assist the Fed in diluting the US currency in circulation..."

And fixed it for the Tylers ;-)

Sun, 10/14/2012 - 01:34 | 2886218 DoChenRollingBearing
DoChenRollingBearing's picture

Plus one.

That was an excellent correction, good job!

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