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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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Sun, 10/14/2012 - 12:25 | 2887359 jerry_theking_lawler
jerry_theking_lawler's picture

TRADITION!!

Sat, 10/13/2012 - 20:51 | 2885908 Peter Pan
Peter Pan's picture

I think I saw one of these new notes for sale on E Bay this morning.

What a sad society we are though. Once upon a time someone at least had the common sense to "steal" the gold  Augustus St Gaudens Double Eagle. Now they stoop to stealing fiat. I hope they at least have the sense to buy some gold with it.

Sat, 10/13/2012 - 21:22 | 2885941 Vendetta
Vendetta's picture

the central bankers are buying gold with it

Sun, 10/14/2012 - 04:58 | 2886546 Dr. Sandi
Dr. Sandi's picture

Bulls eye!

Sat, 10/13/2012 - 20:56 | 2885917 polo007
polo007's picture

http://www.safehaven.com/article/27296/the-myth-of-deleveraging

Importantly, the Fed's moves to collapse interest rates and monetize debt (in conjunction with mortgage assistance programs) incited a major wave of mortgage refinancing. And through the refi process, large quantities of private-label mortgages (previously included in FSCMD as ABS) were essentially transformed into sparkling new GSE-backed mortgage securities - and many then conveniently found their way onto the Federal Reserve's rapidly inflating balance sheet. This provided critical liquidity that allowed highly-leveraged Wall Street proprietary trading desks, hedge funds and banks to de-risk/de-leverage. This bailout accommodated deleveraging for the financial speculators, yet for the real economy the boom in Non-Financial debt ran unabated.

A 100% increase in Federal debt and 200% growth in the Federal Reserve's balance sheet are surely not indicative of system de-leveraging. Such extraordinary Credit developments do, however, have profound effects throughout the markets and real economy. The ongoing Credit expansion has inflated incomes, spending, corporate earnings and securities prices, in the process sustaining for now the U.S. economy's Bubble structure. And I would argue strongly that the data support the thesis that our system remains dominated by Bubble Dynamics.

Also keep in mind that, in contrast to risky mortgage debt, federal debt requires little intermediation. The marketplace absolutely loves it just the way it is, conspicuous warts and all. For now, at least, it is "money" and shares money's dangerous attribute of enjoying virtually insatiable demand. The only alchemy necessary is to keep those electronic "printing presses" running 24/7. It is, after all, the massive inflation of federal debt that is inflating incomes, cash-flows and profits, equities and fixed-income securities prices, and government tax receipts and expenditures - in the process validating the "moneyness" of the ever-expanding level of system debt (Ponzi Finance).

The history of money is a sad state of affairs. Failing to learn from a litany of previous monetary fiascos, "money" is these days being abusively over-issued. And when the marketplace inevitably decides that over-issuance (in conjunction with only deeper structural maladjustment) has sufficiently impaired the "moneyness" of federal and related debt, there will be no one to step in to backstop Washington's Creditworthiness. There will be no entity left with the wherewithal for backstopping system "moneyness," as the Treasury and Federal Reserve have done for Trillions of intermediated mortgage debt since the bursting of the previous Bubble. Moreover, in the meantime, outrageous fiscal and monetary policies will continue to foment uncertainties that will impinge the type of sound investment and wealth creation necessary to get our economy on sounder footing.

Sat, 10/13/2012 - 21:41 | 2885960 Johnny Dangereaux
Johnny Dangereaux's picture

Hey T, you read these comments? Too funny!
How about posting what I linked?
Bix is hard to comprehend...did you read the frikkin' comic Yo?!!?

Sat, 10/13/2012 - 21:45 | 2885969 Johnny Dangereaux
Johnny Dangereaux's picture

Right from the Horse's Ass Yo...

http://www.bos.frb.org/education/pubs/wishes.pdf

READ IT, AND THEN DENY BIX!!!

Sun, 10/14/2012 - 00:05 | 2886137 bilbert
bilbert's picture

Thanks, Johnny, but seriously, what the hell was that??

I thought this was a joke, but upon further research found out this really IS a FRB publication.

How the hell does this message jive with unlimited money printing?

My head hurts.........

 

 

Sun, 10/14/2012 - 10:38 | 2887140 machineh
machineh's picture

We're not supposed to understand it.

It's a PhD Econ thesis from Harvard, way beyond our level, with deep levels of symbolism.

This is the rarified intellectual plane where monetary policy is made. It takes a big IQ to make it seem this simple!

Sun, 10/14/2012 - 00:18 | 2886148 Zero Debt
Zero Debt's picture

Creepy!

Sun, 10/14/2012 - 01:29 | 2886215 RockyRacoon
RockyRacoon's picture

It's one strange concept:

http://www.roadtoroota.com/

Sun, 10/14/2012 - 01:50 | 2886228 Idisq
Idisq's picture

i don't... WTF!?!?

Sun, 10/14/2012 - 09:53 | 2887087 sideway
sideway's picture

wtf?...

Sun, 10/14/2012 - 04:00 | 2886281 disabledvet
disabledvet's picture

really? NO growth? hahahahaha. The war has surely grown! the balance sheet has surely grown! the price of commodities have sure grown (with nat gas up 60 percent over that time frame. Soon to be hundred percent just in time for winter?) the "value" that this insanity is creating is of such a localized type as to be SCARY. Certain ares of the US economy currently have so much wealth they certainly control the North American economy and to some extent control the world. Chevron, Exxon, Union Pacific, Duke Energy, Florida Power and Light...these companies are financially sound and producing all the energy needs of an entire Continent! NO GROWTH? you cannot be serious. You mean NO COMPETITION. Solar power has in effect been declared illegal by...well, somebody. CRAZY. Once the massive price spike in energy hits (they're shutting down coal mines!) the value of those solar panels will be ASTRONOMICAL. You're about to see some serious SCIENCE folks..."prepare yourself."

Sat, 10/13/2012 - 21:08 | 2885926 Mr. Lucky
Mr. Lucky's picture

OK; so what does the new $500.00. $1000.00, $5000.00, 10,000.00, $100,000.00, $500,000.00 and $1,000,000.00 FRN look like?

Sat, 10/13/2012 - 21:25 | 2885948 a growing concern
a growing concern's picture

I think they'll be using scientific notation for those.  1E6, 1E9, 1E12, etc.

Sat, 10/13/2012 - 23:12 | 2886077 SubjectivObject
SubjectivObject's picture

Otherwise known as the "Bernank"

Ergo, the Bernank varietal.

Sun, 10/14/2012 - 10:43 | 2887145 machineh
machineh's picture

You'll need a PhD Econ or a phone app to figure out what they're worth.

Fortunately, ten dollars and a cereal box top will get you a PhD Econ from Whatsa Matta U!

Sat, 10/13/2012 - 21:07 | 2885928 polo007
polo007's picture

http://brucekrasting.com/evidence-qe3-is-working-and-other-lies/

Ben Bernanke also says that the Fed will, “gradually sell securities or let them mature”. Think of what this statement means.

The Fed has Twisted away most of its holdings of sub 5 year paper, so the issue of normalizing the Fed’s balance sheet by allowing securities to mature would be pushed off for 7-10 years. That’s not monetary policy. That’s a biblical kicking of the can past the horizon.

So Bernanke is telling us the Fed can/will normalize its balance sheet by selling some bonds. This is a joke.

Take Ben on his word; at some point the Fed will normalize its balance sheet, it will do it by selling bonds to the market on a gradual basis. What does that mean? It means that Bernanke would have to sell $60Bn of bonds every month for three years! What would that do for the capital markets? What will the market reaction be to this headline when we get it?

Ben is lying to us when he says that QE can be reversed without tremendous pain. Bernanke will be long gone as head of the Fed when the bill for QE is finally presented. Ben’s successor will be mired in the mess than he created.

The reality is that there is no viable exit strategy from QE. Ben knows this. So do all the other Doves. Shame on them.

Sun, 10/14/2012 - 04:04 | 2886282 disabledvet
disabledvet's picture

"the human capacity for self-delusion is infinite." disabledvet. tm. dont' worry tho..."they're important people and they have a job." otherwise known as "the road to hell is paved with good intentions."

Sat, 10/13/2012 - 21:20 | 2885937 Joebloinvestor
Joebloinvestor's picture

The Secret Service is in charge, that says it all.

I bet there will be a hooker and a drunk agent involved.

Oh and another thing, the mint doesn't change the design of any bill because it feels like it.

Guess there are other counterfeiters out there besides the FED.

Sat, 10/13/2012 - 21:23 | 2885942 Vendetta
Vendetta's picture

it wws stolen by the snakes on the plane

Sat, 10/13/2012 - 21:24 | 2885944 Stuck on Zero
Stuck on Zero's picture

This sets up the U.S. for a new currency and the dissolution of debts.  Next year the Feds will announce that trillions of bearer bonds and $100 notes were forged and dumped on the market requiring the government to blow the begeezuz out of Iran and institute monetary controls.  All pensions and 401Ks will be moved over to the Fed and currency controls will be put in place.  With this pretext the government will be able to enact all kinds of measures to eliminate the debt and control Federal spending.  Just wait.

 

Sat, 10/13/2012 - 21:25 | 2885945 A Lunatic
A Lunatic's picture

 A woman asked Benjamin Franklin what type of government the Constitution was bringing into existence. Franklin replied,  "A kleptocracy, bitchez"

Sat, 10/13/2012 - 21:32 | 2885954 Dr. Gonzo
Dr. Gonzo's picture

..."if you can keep it bitchez." 

Mon, 10/15/2012 - 02:33 | 2889272 putaipan
putaipan's picture

can i quote you with that good doctor?

Sat, 10/13/2012 - 21:25 | 2885947 IMA5U
IMA5U's picture

Bullish for Strippers

Sat, 10/13/2012 - 21:29 | 2885951 Yen Cross
Yen Cross's picture

 I can't figure out why the "Treasury Department" just doesn't go all in? " Federal Reserve Notes", should be outsourced to China, and made of Cheap Plastic.

Sat, 10/13/2012 - 21:33 | 2885955 Johnny Dangereaux
Johnny Dangereaux's picture

You all are so smart....figure THIS out....
See how small the "fedres" looks? The inkwell is GOLD...look above the inkwell...
"ALTER OR ABOLISH"
Why are there "Series 2009" of these bills?
Epic battle going on here....any idea who Steve Devraux is?

HIDDEN MEANING IN THE NEW $100

http://www.roadtoroota.com/public/261.cfm

Sat, 10/13/2012 - 23:19 | 2886082 BigDuke6
BigDuke6's picture

Bix is definately more upbeat than me on all of this.

I see war, decline and bloodshed.    Like a hieronymus bosch painting on steriods...

He sees a kumbaya gold standard and half the worlds resources stashed in US national parks ready to be handed out to the fully employed american people...

I dont see any evidence of the caring, sharing attitudes of TPTB or grand plans by wise old ancestors  to back up his vision

 

 

Sun, 10/14/2012 - 00:36 | 2886165 Yen Cross
Yen Cross's picture

pin dics/ this isn't a wanabe "coin shop"!

Sun, 10/14/2012 - 14:54 | 2888000 Cathartes Aura
Cathartes Aura's picture

the optimism carried by that link can only exist if one ignores about 75% of what is also going down currently in the world. . .

this is what happens when people focus exclusively on the "money" as the only game being played, and continue to disregard what the "money" is paying for globally, off the books that is.

Sat, 10/13/2012 - 21:40 | 2885957 polo007
polo007's picture

http://yallpolitics.com/index.php/yp/post/33438/

Seeking to stimulate the economy, the United States Federal Reserve undertook another extraordinary monetary-policy measure in September (the “QE3"), embarking on a third dose of quantitative easing.

In theory, quantitative easing is a form of economic stimulus, differing from the stimulus passed in 2008 which cut taxes and raised spending by more than $800 billion. Simply put, QE3 is a dangerous monetary policy whereby the Federal Reserve purchases debt (bonds) from investors in an attempt to help them lend more money, while lowering interest rates. And with no end date being announced, it amounts toindefinite monetary meddling -- a stimulus without limit.

Studies demonstrate that quantitative easing does reduce borrowing costs but are less clear on how a reduction translates into real economic improvement. Despite a clear track record, desperate politicians allow such experimentation because bond-buying enables them to ignore looming fiscal problems by providing a dependable purchaser for the republic's ever-increasing debt.

Thus far, the central bank's policies have proven ineffective. Repeating efforts, therefore, are unlikely to create sustainable growth. The new action is little more than an admission that previous actions have not worked, demonstrating that monetary policy alone is unable to jumpstart the economy.

Sun, 10/14/2012 - 04:10 | 2886284 disabledvet
disabledvet's picture

so what is jumpstarting the economy then? obviously we're not in a recession...and all the ECRI recession calls have been proven false. so what's the "secret sauce" then? i would say first and foremost the business cycle. second is massive federal outlays...aka "the war effort." also interest rates are in fact "at or near zero." oh, and "here comes Ben "shalom" Bernanke's price kicker." You DO NOT want to own debt...there is so much inflation pent up in this system it's just ready to burst out like a Jack in the Box. And Ben just keeps turning the winder and turning the winder and turning the winder...
http://www.youtube.com/watch?v=Y-rFT-uHm4w

Sat, 10/13/2012 - 21:40 | 2885958 Dr. Gonzo
Dr. Gonzo's picture

New clown bucks have even more clown color. Nice. 

Sat, 10/13/2012 - 21:42 | 2885962 walcott
walcott's picture

euro trash.

Sat, 10/13/2012 - 21:42 | 2885963 insanelysane
insanelysane's picture

Should have had an ankle bracelet on Jon Corzine.

Sat, 10/13/2012 - 21:46 | 2885971 Yen Cross
Yen Cross's picture

 Chuck Norris and Clint Eastwood read zero hedge.

Sun, 10/14/2012 - 05:02 | 2886549 Dr. Sandi
Dr. Sandi's picture

I'm glad they can't kick our asses from across the Internet.

Maybe THEY can help find these missing Bennies.

Sat, 10/13/2012 - 21:52 | 2885978 Lost Wages
Lost Wages's picture

I like how they're putting more gold on the bills to make it seem more valuable.

Sat, 10/13/2012 - 22:01 | 2885988 Downtoolong
Downtoolong's picture

The bills were stolen from an airplane that landed in Philadelphia from Dallas Thursday morning.

This was actually a beta test for QE4, i.e., dropping a $trillion or two from the sky over major metropolitan areas.

The $100 bills are not scheduled to be released into circulation until next year.

Oh well, at least by that time they will only be $50 bills.

Sat, 10/13/2012 - 22:01 | 2885989 ShortTheUS
ShortTheUS's picture

What ever will they do to replace these intrinsically valuel-ess notes?

Hint: Ctrl+P x 1x10^9999999999

Sat, 10/13/2012 - 22:12 | 2885990 Tedster
Tedster's picture

There really isn't that much cash in circulation (relative to the digital binary 1s and 0s anyway.) This has to be an inside job by the way, by someone familiar with the methods of transport. Gotta be. Presumably they are clever enough to not try and spend the notes now, but wait for the official roll-out where they can pass the notes undetected. Somebody sez the newsorgs are claiming $20k worth. Betcha it's more like 20k $100 bills...?

What I don't understand, OCR technology is fully matured, coupled with dirt cheap data and computer storage and the Internet, tracking virtually all cash would be trivial as well as inexpensive via the bills unique serial number. Sort of a national "Where's George" database, that would track the currency from BPE to the banks, through ATMs, and into the retail outlets, and back again. Seems to me it would make finding and prosecuting bank robbers, muggers, thieves, and opportunistic disgruntled courier ex-employees a heck of a lot easier and quicker. Surely I'm not the first to think of this - yet it isn't done. Hm.

Sat, 10/13/2012 - 22:38 | 2886036 Almost Solvent
Almost Solvent's picture

I was thinking the same thing. Assuming these bills are sequential since they were just printed and never circulated, you'd think they could narrow it down. 

This pallet end with 499, then the next pallet starts at 1000. Anyone using bills numbered 500-999 might be your suspect. 

Sun, 10/14/2012 - 10:51 | 2887162 machineh
machineh's picture

'This has to be an inside job by the way.'

That's the reason for the diversionary 'warning to merchants' -- to spread the meme that it's a random outside theft.

Obviously the insiders who heisted these bills have no intention to spend them. 

Hell no, they're gonna clone them in Colombia!

Sat, 10/13/2012 - 22:50 | 2886050 andrewp111
andrewp111's picture

There might be too many Nork produced counterfeits that duplicate the serial numbers of notes in circulation. It is a matter of hear no evil, see no evil.

And TPTB would like to go all-digital and get rid of paper cash anyway, so why bother with complicated tracking schemes?

Sat, 10/13/2012 - 23:15 | 2886080 Tedster
Tedster's picture

That's the thing, it wouldn't be complicated at all, the technology is already in place. Just a thought experiment of mine, am cynical enough to realize the inmates are running the asylum, and they are the ones preventing procedures and policies like that, obviously.

Sun, 10/14/2012 - 05:04 | 2886551 Dr. Sandi
Dr. Sandi's picture

I think we need to define what the meaning of counterfeit is in this instance.

Sun, 10/14/2012 - 04:16 | 2886288 disabledvet
disabledvet's picture

coinage it is then...

Sun, 10/14/2012 - 15:13 | 2888058 Cathartes Aura
Cathartes Aura's picture

"tracking all cash" would put a crimp in their black market / off the books dealings. . . although they could bribe the ones who do the tracking. . . wait, what?

Sat, 10/13/2012 - 22:06 | 2885995 jumbo maverick
jumbo maverick's picture

I got me one of dem bills. Cut it in half. 'twas filed with tounge sten.

Sat, 10/13/2012 - 22:07 | 2885997 notadouche
notadouche's picture

Seems like there is never a drone around when you need one.

Sun, 10/14/2012 - 05:05 | 2886553 Dr. Sandi
Dr. Sandi's picture

Check the TSA booth.

Sun, 10/14/2012 - 00:37 | 2886006 steve from virginia
steve from virginia's picture

 

If a forklift wasn't involved, it was a trivial amount.

 

BTW: $3.50 will still buy a gallon of gas.

Sun, 10/14/2012 - 05:06 | 2886554 Dr. Sandi
Dr. Sandi's picture

Maybe in Ol' Virginny, but not on here on the Best Coast.

Sat, 10/13/2012 - 22:28 | 2886020 Jim in MN
Jim in MN's picture

Well, now, ain't that sweet.  Old D. B. Cooper must have finally run out of cash. 

Sat, 10/13/2012 - 22:30 | 2886025 ZFiNX
ZFiNX's picture

Sooo sketch.

Sat, 10/13/2012 - 22:38 | 2886037 10mm
10mm's picture

Henry Hill and Jimmy The Gent and Tommy were last seen.

Sat, 10/13/2012 - 22:47 | 2886046 the grateful un...
the grateful unemployed's picture

honestly who would convict these guys of stealing counterfeit money? Your honor my clients stole about a pound of paper and ink, I therefore request the charges be downgraded to misdemeanor, since the paper represents no value, and a great deal of debt. I request my clients be given a term in debtors prison until they can rid themselves of their liability, and buying cigarettes and candy at the prison store that should take them quite a few years.

Sat, 10/13/2012 - 22:48 | 2886048 Yen Cross
Yen Cross's picture

 I keep telling you Timmy. Makin' em plastic, so the "Obammy stazi" can see the bulge , and divvey dat " Wealth Redistribution" , to da masses. 

 

Sat, 10/13/2012 - 22:52 | 2886052 holdbuysell
holdbuysell's picture

If it wasn't official before, it is now: the Fed has lost control of the money supply.

Time to bring its control back to its rightful owners: the people of the Republic that is the United States of America.

Sun, 10/14/2012 - 09:31 | 2887059 unununium
unununium's picture

Cut out the middleman and give the control to G O (l) D.

Sun, 10/14/2012 - 15:16 | 2888070 Cathartes Aura
Cathartes Aura's picture

whose "god" - which one?

Sat, 10/13/2012 - 23:11 | 2886072 q99x2
q99x2's picture

I like the look compared to the ones in current circulation. They should start printing $500 bills to stay ahead of the inflation that is setting in. 

Sun, 10/14/2012 - 09:33 | 2887061 unununium
unununium's picture

Not gonna happen. The want your money in a bank, not your mattress.

Sat, 10/13/2012 - 23:13 | 2886076 mademesmile
mademesmile's picture

True hyperinflation will usher in the "paperless note" society. Down with wheelbarrowes, up with one plastic card.

Sat, 10/13/2012 - 23:22 | 2886084 Yen Cross
Sat, 10/13/2012 - 23:39 | 2886100 jonjon831983
jonjon831983's picture

Weeelll... I`m just gonnaa put this stack of bill here on the table and I`m gonna turn away.  If they`re gone, well then... they`re gone.

Sat, 10/13/2012 - 23:40 | 2886101 steelrules
steelrules's picture

Airport + Money + Stolen = TSA

Sun, 10/14/2012 - 10:55 | 2887168 Jim B
Jim B's picture

If it isn't nailed down, TSA will steal it! LOL!

Sat, 10/13/2012 - 23:47 | 2886110 QQQBall
QQQBall's picture

Shudda shipped it Fedex.

 

Sat, 10/13/2012 - 23:48 | 2886111 dark pools of soros
dark pools of soros's picture

so the Franklin Mint couldn't just run a bunch of these..had to fly them in from Dallas?

Sat, 10/13/2012 - 23:48 | 2886112 Goatboy
Goatboy's picture

Again, which god?

Sat, 10/13/2012 - 23:50 | 2886113 Monedas
Monedas's picture

D. B. Cooper is a friend of Armand Hammer's personal pilot .... a basque terrorist who flew for the Russians around the time of the Spanish Civil War and later on the Eastern Front !  That's all I can say .... or I'll have to kill all of you .... and Yen Cross would be first !

Sat, 10/13/2012 - 23:56 | 2886129 Yen Cross
Yen Cross's picture

Armand Hammer was a "Russian Industrialist" , and an IDOL of mine. Well spoken "Modenas". The man came from nothing, and built an empire!

   He was long before the "well educated" z/h  "youth".

    Mr. Hammer.  Baking soda

Sun, 10/14/2012 - 00:04 | 2886135 Monedas
Monedas's picture

I'm Monedas .... the man from Modena !

Sun, 10/14/2012 - 00:20 | 2886150 Yen Cross
Yen Cross's picture

 Thank God you answered. Did my friend over pay, for a 2011 458 Berlinetta? 228K Nero and tan/ 14k miles.

Sun, 10/14/2012 - 01:07 | 2886176 Monedas
Monedas's picture

In 2010 I bought a new, black Kia "Soul" 2011 .... the "advertiser" (not the demonstrator) .... 5 spd, 1.6l .... $13,995.00 .... out the door $15,005 .... I told the closer and the contract man:  "Make it $15,000 even or I walk !" .... they did !   I think your friend overpaid !  Cars are a wasting asset .... if you have to gross $325K to buy the car .... even worse !     We don't all have the life experience and true grit of a Monedas .... but it's nothing to get suicidal about !    An aquaintance was amazed .... he paid $20K for an outboard motor ?

Sun, 10/14/2012 - 01:10 | 2886197 Yen Cross
Yen Cross's picture

 I just offloaded my 2002 zo6, for 25k. I'm going to wrangle snakes, and have some fun.

 Fuck cars, boats, and any other shite!  I'm going back to 5th grade!

    Fun time and Flying lessons.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sun, 10/14/2012 - 02:12 | 2886238 hero HNL
hero HNL's picture

Armand Hammer was a jewish communist....strong supporter of the communist cause & the USSR. The hammer was taken from the Russian communist flag if you didn't know. He tried promoting communism in the US in vain for a long time.

 

His invention is nothing extraordinary....some chemical you see around you.

 

 

hero

Sun, 10/14/2012 - 06:12 | 2886593 Disenchanted
Disenchanted's picture

 

 

 

He was also the Gore(as in Al) family's sugar daddy...

 

CorpWatch : Al Gore: The Other Oil Candidate
Sun, 10/14/2012 - 10:23 | 2887117 Urban Redneck
Urban Redneck's picture

"nothing extraordinary....some chemical you see around you"

music to the ears of TPTB, which avoid iCrap like the plague.

Sun, 10/14/2012 - 15:50 | 2888140 Cathartes Aura
Cathartes Aura's picture

Armand Hammer's baking soda conveniently contains aluminium - wonder why.

Sat, 10/13/2012 - 23:56 | 2886126 QQQBall
QQQBall's picture

Who flys to Philly from Dalls via Madrid?  Look for Europe to rally on the open Monday on an unsourced liquidity injection.

Sun, 10/14/2012 - 00:01 | 2886132 Monedas
Monedas's picture

You know inflation is getting out of hand when the denominations get bigger, the bills get smaller and they only print one side !

Sun, 10/14/2012 - 00:45 | 2886136 DriveByLurker
DriveByLurker's picture

My recollection is that something like this happened once before, in the late 1800s - a large quantity of a not-yet-issued design of currency was stolen, so the U.S. Treasury destroyed the complete inventory of that new note, and reprinted it with a vastly different design.  The theives were stuck with something they couldn't spend.  I'm not sure if the stolen notes have ever turned up as rarities or collectibles...presumably the government would claim them, like it recently reclaimed the handful of 1933 $20 gold pieces that got into private hands before that whole mint run was melted.

Sun, 10/14/2012 - 15:30 | 2888094 DosZap
DosZap's picture

 like it recently reclaimed the handful of 1933 $20 gold pieces that got into private hands before that whole mint run was melted.

Never was a MINT run of size on the '33 St's,there were a special run, and only a few were to be minted.

FDR used them as Special Gifts,only ONE I know of has /is in a PI's hands.

And he had to fight like hell to keep it, even though it was bought totally legally.

It was a gift to the then King of Siam.

Later after his passing it got onto the market, and was auctioned off as mem serves.And a man bought it, and the Feds seized it, and he had to spent a ton to get it back.

But, if he had $$$ to pay the auction price( I believe it was auctioned?), I am sure that was not an issue to him.

You all know the dead Jewelers story, of the TEN he had in a SDB, and his fam gave them to the Fed for authentication, and they of course lost everyone of them.( and what were they thinking??, LOL).

He supposedly bought them(as he worked at the mint when they were made),and no recipts were found for pmt, so likely he lifted them,or had someone else do it for him.(just a speculation on my part).

Sun, 10/14/2012 - 00:07 | 2886138 robertocarlos
robertocarlos's picture

They won't even be able to drop bills from a plane. A homeless woman in Calgary found a purse with $10,400 and she turned it in to the police. Most of us are too honest to accept money that isn't ours.

Sun, 10/14/2012 - 00:12 | 2886144 Monedas
Monedas's picture

A homeless woman living on the Baffin Islands ?  There are no homeless Eskimos !

Sun, 10/14/2012 - 00:18 | 2886149 dark pools of soros
dark pools of soros's picture

a few more years of global warming and targeted HARRP and ya never know..  the snow may go...

Sun, 10/14/2012 - 00:33 | 2886162 Monedas
Monedas's picture

The Sun, a dying star, is cooling .... and the Earth is warming ?

Sun, 10/14/2012 - 00:12 | 2886146 robertocarlos
robertocarlos's picture

Why wait? Just get those coloured notes to Canada and spend away.

Sun, 10/14/2012 - 05:17 | 2886559 Alpha Monkey
Alpha Monkey's picture

In my experience with canada, many places don't accept US currency any more since it sometimes dips just below theirs in exchange rate.  I was shocked on a trip to Whistler a couple years ago seeing signs everywhere that said "No US Money"...

Sun, 10/14/2012 - 16:08 | 2888183 robertocarlos
robertocarlos's picture

I love getting US coins in my Canadian change even when it is worth slightly less. I save it for trips south.

 

Sun, 10/14/2012 - 00:22 | 2886152 MichaelNY
MichaelNY's picture

I am amazed.  Nothing about this story adds up, but somehow the astute folks here seem to have missed it.  These new bills, printed 2 years ago and supposedly destroyed, have been robbed.  Making them illegal, but not counterfeit.  Maybe.  Think about it.  The official story had more than a billion newly printed bills being destroyed.  I didn't believe it then.  I don't believe this now.  Call me a skeptic.

Sun, 10/14/2012 - 00:43 | 2886175 robertocarlos
robertocarlos's picture

One billion illegal notes? So in the future you will have a one in a million chance of possessing an illegal note.

Sun, 10/14/2012 - 00:23 | 2886153 Duke of Con Dao
Sun, 10/14/2012 - 00:31 | 2886160 jackinrichmond
jackinrichmond's picture

what does it matter ?  

it's a counterfeit of a counterfeit..  maybe the gubbermint will save money on the printing expenses.

the dollar is just a concept..  it has an imaginary value.  

who cares how many are in circulation ?   dollar bills are just pieces of paper with numbers on them.

just our belief system makes them real.

 

...now what could go wrong with this concept ?  /sarc off

Sun, 10/14/2012 - 01:13 | 2886199 squexx
squexx's picture

Affirmative Action hires guarding the airport?!?

Sun, 10/14/2012 - 01:29 | 2886214 Yen Cross
Yen Cross's picture

 I'm not retireing. And I sure as hell won't use anything  " https://www.google.com/finance?client=ob&q=NASDAQ:AAPL"

  That slug is dead! Fuck Reno and that "hedge fund" that rode in on it!

As a currency trader, I'm looking for "flows". Get the hint.

Sun, 10/14/2012 - 02:04 | 2886234 hero HNL
hero HNL's picture

This kind of theft is nothing unusual in Philadelphia.

 

Social security checks are always stolen at the 30th Street Post Office by postal workers, since they know at what time of the months they are sent out.  The whole city is full of thieves.

 

 

hero

Sun, 10/14/2012 - 03:21 | 2886264 slackrabbit
slackrabbit's picture

The poor buggers. They go to all that trouble to steal them and by the time they can finally use them next year they'll be worthless.

Nice one Ben ;-)

Sun, 10/14/2012 - 03:42 | 2886277 disabledvet
disabledvet's picture

do let's say the price of coal goes up ten fold in coming 6 to 8 weeks. who's the worse off for it again? clearly utility rates would have to soar...on the other hand they're now sitting on some of the most valuable "shit" on the planet, too. that would make Wyoming the wealthiest place on planet earth actually. and of course the already uber wealthy railroads of Union Pacific and the Buffet/Northern would be valuable beyond belief too. So "it's just a pricing mechanism" insofar as the Fed has stated. And of course "that's just for starters": http://www.youtube.com/watch?v=8oTdPklBE0Y so now you have uber value created amongst the chaos...that will require security. http://www.youtube.com/watch?v=cB4TDvpHhvw or at least something along the line of "you sure you wanted this job?"

Sun, 10/14/2012 - 05:03 | 2886550 Fix It Again Timmy
Fix It Again Timmy's picture

Ben Franklin looks pissed and frankly I would be also if my portrait was put on toilet paper....

Sun, 10/14/2012 - 05:23 | 2886561 rufusbird
rufusbird's picture

With apologies to Bob Dylan...

Well, Frankie Lee and Judas priest, they were the best of friends. So when Frankie Lee needed money one day, Judas quickly pulled out some palates of new 100's, and placed them on an Aeroplane.

Saying "take your pick Frankie boy, my loss will be your gain"

Well Frankie Lee he sat right down and put his fingers to his chin. And with the cold of eyes of Judas on him, his head began to spin. "Could you please not stare at me like that!" he cried, "It's just my foolish pride, but sometimes a man must be alone and this is no place to hide."

"All right, I'll leave you here, but you better choose which of those bills you want before they all dissapear. "

"I'm gonna start my picking right now, just tell me where you'll be." and Judas pointed down the road and said "Eternity, although you might call it paradise."

 

Sun, 10/14/2012 - 05:46 | 2886576 Heyoka Bianco
Heyoka Bianco's picture

"That's the difference between crime and business. For business you gotta have capital. Sometimes I think it's the only difference."

"A properly cynical remark," I said, "but big time crime takes capital too."

"And where does that come from, chum? Not from guys that hold up liquor stores. So long. See you soon."

- Raymond Chandler, the Long Goodbye

Sun, 10/14/2012 - 08:27 | 2886684 CPL
CPL's picture

Wow.  

Off a plane?  

With Armed guards?

Cameras?

Dead man gate systems?

Dead man door systems?

With more guards?

 

Sounds like it was a cake walk, happens every second week.  Like buying a coffee at a corner store.  Didn't hear of any pilots killed, or guards...for a trillion dollars.

 

For a trillion dollars you could get the pope to choke his own mother to death.

Sun, 10/14/2012 - 09:12 | 2887029 indio007
indio007's picture

Stolen my ass. Banks are going to use this as an excuse to cease money at the teller. 

"Sorry sir, this is one the reportedly stolen one hundred dollar bills. We are going to have to confiscate it."

Sun, 10/14/2012 - 09:59 | 2887094 icanhasbailout
icanhasbailout's picture

they'll do that if they deliberately want to destroy trust in the currency

Sun, 10/14/2012 - 09:31 | 2887056 insanelysane
insanelysane's picture

It'll turn up in the lost luggage pile.  The airport in Philly is a nightmare.

Sun, 10/14/2012 - 09:39 | 2887066 unununium
unununium's picture

Optimistic theory: maybe they are testing the new anti-counterfeit features of the currency.

Realistic theory: maybe they are testing the new currency.

Sun, 10/14/2012 - 10:13 | 2887109 toomanyfakecons...
toomanyfakeconservatives's picture

Until 2011 and 2012 $100 bills actually appear in circulation, I don't believe they exist.

Sun, 10/14/2012 - 11:06 | 2887197 ZeroPoint
ZeroPoint's picture

What about all those pallets of 100's they sent to Iraq that disappeared? And they are concerned about these?

Sun, 10/14/2012 - 12:20 | 2887347 CoolBeans
CoolBeans's picture

Enjoyed the TSA-related comments.  The $ surely never made it to the airport.  Probably Secret Service and now a bunch of really pissed hookers, liquor stores, drug dealers, etc.

Mon, 10/15/2012 - 03:26 | 2889285 pparalegal
pparalegal's picture

Maybe the thiefs thought they were getting a couple of years worth of nice rectangular fire starters.

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