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Dollar Printing Uses 9.7 Tons Of Ink Per Day, And Other Fast Facts About The US Dollar

Tyler Durden's picture





 

Just like goldbugs know the serial number of every single gold bar held (allegedly) in the GLD by heart, so the Federal Reserve carries a soft place in its corrupt,  evil heart for fiat and the assorted trivia surrounding it. For example did you know that the Bureau of Engraving and Printing has two facilities, one in Washington, D.C. and the other in Fort Worth, Texas.  Together they use approximately 9.7 tons of ink per day. So while paper money may or may not a disappearing species, here are, courtesy of the Federal Reserve, some "fun" facts about the US Dollar that readers may not be aware of as they make funeral arrangements for the endlessly dilutable combination of 75% cotton/25% linen.

From the Federal Reserve's indoctrination segment.

  • The Bureau of Engraving and Printing produces 26 million notes a day, with a face value of approximately $907 million.
  • Over 90 percent of U.S. currency is Federal Reserve notes.
  • A stack of currency one-mile high would contain more than 14.5 million notes.
  • Currency is actually fabric composed of 25 percent linen and 75 percent cotton.  Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed through out the paper.
  • The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in "bills of credit for the defense of America."
  • The first dollar coin was issued in 1782.
  • The dollar was officially adopted as our nation’s unit of currency in 1785.
  • The largest bill ever printed by the Bureau of Engraving and Printing was the $100,000 gold certificate.
  • The U.S. Secret Service was created during the Civil War to fight counterfeiting.
  • The motto “In God We Trust” did not appear on paper currency until 1963.
  • The Bureau of Engraving and Printing has two facilities, one in Washington, D.C. and the other in Fort Worth, Texas.  Together they use approximately 9.7 tons of ink per day.
  • The approximate weight of a bill is one gram.  Since there are 454 grams in one pound, there are 454 notes in one pound.
  • The largest note produced today is the $100 bill.
  • It costs approximately 6.4 cents per note to produce U.S. currency.
  • About 45 percent of the notes printed each year are $1, and 95 percent are used as replacement notes.
  • About 4,000 double folds (forward and backward) are required before a note will tear.
  • The average life of a Federal Reserve note depends upon its denomination:
    $1 bill - 21 months
    $5 bill - 16 months
    $10 bill - 18 months
    $20 bill - 2 years
    $50 bill - 4.5 years
    $100 bill - 7.5 years
 


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Thu, 10/13/2011 - 17:04 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Electronic 1's and 0's cost nothing to create...

Thu, 10/13/2011 - 17:09 | Link to Comment DosZap
DosZap's picture

Electronic 1's and 0's cost nothing to create...

True,but cotton/linen, w/RFID strips do.

Thu, 10/13/2011 - 17:15 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

The approximate weight of a bill is one gram.  Since there are 454 grams in one pound, there are 454 notes in one pound.

 

At today's rate, one pound of gold costs $24,516 and feels fucking great to own.

454 notes is not a store of value.

One pound of paper is used for lighting bonfires.

Cash is trash

Thu, 10/13/2011 - 17:23 | Link to Comment Cynical Sidney
Cynical Sidney's picture

they should privatize these jew confetti factories and allow ordinary citizens to print them instead

Thu, 10/13/2011 - 17:41 | Link to Comment Republicae
Republicae's picture

Hell No...but private mints for gold and silver coinage would be a good thing. At one time in this country, long, long ago, a person could take his gold or silver bullion to the U.S. mint and for a small fee it was minted into coin for him. Of course, at that time all coins, whether foreign or U.S. were exchanged and the system worked very well. Gold and silver coins of a specific weight and quality are hard to counterfeit, therefore, the market would eliminate those minters who shaved the weight or the content of the coinage. The only reason we use Federal Reserve Notes are, according to a former head of the FED, Beardsley Ruml was for the government to maintain social controls over the people, to redistribute the wealth and to force the people to use the Federal Reserve Notes to pay their taxes. By the way, he also said that Taxation was obsolete for revenues, meaning that under the fiat system there was no real need for the government to tax the people since it had the power of the printing press and credit to issue fiat currency. In other words, the whole thing is a huge, huge scam and we allow it to continue. 

Thu, 10/13/2011 - 17:59 | Link to Comment Cynical Sidney
Cynical Sidney's picture

as beardsley ruml said, fiat money is used to control the sheeple. when you take that power away and give it to the sheeple, the sheeple will rise up to become lions.

Thu, 10/13/2011 - 18:01 | Link to Comment Republicae
Republicae's picture

...and it is getting high time to ROAR!

Thu, 10/13/2011 - 18:38 | Link to Comment Troll Magnet
Troll Magnet's picture

so if it costs 6 cents to print a dollar bill, and it costs 5 one dollar bills to dig an ounce of silver out of the ground, the true cost to get silver out of the ground is 30 cents? man, silver is really overpriced then! /sarc off

Thu, 10/13/2011 - 21:28 | Link to Comment clymer
clymer's picture

An interesting stat to throw in, would have been to display the current, historical and projected future ratio of digital currency (dollars not in paper form) to existing paper dollars.

 

This I am sure would have produced some staggering results

Thu, 10/13/2011 - 22:05 | Link to Comment Harlequin001
Harlequin001's picture

'In God We Trust, All Others Pay Cash'.

Fri, 10/14/2011 - 01:40 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

Isn't it about time someone finally corrected that damn typo. Here: 'In Gold we trust, all others pay cash'

Fixed.

Thu, 10/13/2011 - 22:41 | Link to Comment Harlequin001
Harlequin001's picture

This is easy, If they print 26 million notes per day and 45% are $1 bills with a lifex of 21 months then there are 7,371,000,000, $1 bills in circulation... globally, assuming a 30 day month. If 45% of the notes refers to the mere 90% of Federal reserve notes it would be only 6.634 billion.

That's not many is it when you consider what 1 oz of gold will be worth in only 2-3 years time...

Just sayin'...

Thu, 10/13/2011 - 22:24 | Link to Comment Harlequin001
Harlequin001's picture

Ok, a print run of 26 million notes per day in terms of the 'soft, strong and very, very long' is not even one note per American arsehole per day... and there's fucking millions of them!

You couldn't even use dollars to wipe your arse now. How useless does it get?

 

Thu, 10/13/2011 - 22:55 | Link to Comment Harlequin001
Harlequin001's picture

or, to put it another way, if the entire US money supply were given for FREE to those 44 million Americans currently on food stamps, it would cost a mere 3.7818 cents per day per arsewipe. On just over half a note per day.

That's an awful lot of American shite cleaned up for a very small sum when you think about it...

And if the Fed wanted to cut costs for all this arsewipin' it could simply not bother to print, and save 9.7 tons of printing ink per day.

Just sayin'...

Thu, 10/13/2011 - 22:09 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

and the crowd roared.

"ROAR"!

Then the crowd roared again.

"AGAIN"!

Thu, 10/13/2011 - 19:59 | Link to Comment BigJim
BigJim's picture

Beardsley Ruml = My Rulers Blade

anagrams have so much to teach us.

Thu, 10/13/2011 - 17:50 | Link to Comment Republicae
Republicae's picture

Sorry, double posting.....oops

Thu, 10/13/2011 - 17:53 | Link to Comment AldousHuxley
AldousHuxley's picture

"This is a memo that describes how we're going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran."

 

you don't need nazis to go to war to hold up the judefetzen with someone else's natural resources


To be fair, this time, Jews also got ripped off.

http://www.jpost.com/JewishWorld/JewishFeatures/Article.aspx?id=241629

Thu, 10/13/2011 - 18:09 | Link to Comment Republicae
Republicae's picture

It is odd is it not, to think that Hitler used some of the very same excuses to invade Europe that our government has been using to justify our interventionist policies?


Thu, 10/13/2011 - 21:13 | Link to Comment Confused
Confused's picture

It would only be odd if, all these individuals in power, weren't of the same ilk. 

Thu, 10/13/2011 - 23:44 | Link to Comment Republicae
Republicae's picture

Power is a powerful motivation, to be sure and the character of men is so easily persuaded to follow its alluring aroma, huffing it until fully intoxicated by its addictive nature.

Thu, 10/13/2011 - 22:11 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Who controls the government? Hmmmmm?!

Thu, 10/13/2011 - 23:36 | Link to Comment merizobeach
merizobeach's picture

Particularly including the Big One: false flags

Thu, 10/13/2011 - 18:26 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Ahhh dammit. I almost got through a whole day without some nimwit whining about Jews.

Thu, 10/13/2011 - 18:43 | Link to Comment Schmuck Raker
Schmuck Raker's picture

"-1"

Touche!

Thu, 10/13/2011 - 20:07 | Link to Comment g
g's picture

Yeah its lame.

Thu, 10/13/2011 - 23:12 | Link to Comment MFL8240
MFL8240's picture

Love it!

Thu, 10/13/2011 - 23:52 | Link to Comment bigkahuna
bigkahuna's picture

Man, not all Jewish people are out to steal through the US financial system. I would say some are, but some Gentiles are too.

Thu, 10/13/2011 - 17:51 | Link to Comment FeralSerf
FeralSerf's picture

Or, in other words, gold is worth only about half as much as Ben Franklins per pound today as trading material.  But if someone offers a pound of gold for  a pound of Andy Jacksons, I think we could have a deal there.

Thu, 10/13/2011 - 18:00 | Link to Comment Republicae
Republicae's picture

Well, actually, based upon 3 Cents per Dollar face value, it's much less, but it is, in part, reflecting several things, one being the debasement of the Federal Reserve Notes, the other being fear by the public. The 100 Cent Dollar was once 1/20th an ounce of gold, today the 3 Cent Dollar is 1/1668th of an ounce. That is a huge depreciation of the currency related to gold and is very reflective of a system that is rapidly approaching negative value. 

Thu, 10/13/2011 - 19:24 | Link to Comment akak
akak's picture

Good to see you here Republicae!

From your former DP blogmate, Akak.

Thu, 10/13/2011 - 20:45 | Link to Comment Republicae
Republicae's picture

Hey man....great to see you as well. I check out the DP from time to time, but needed a break from the intensity, ya know?

Thu, 10/13/2011 - 19:41 | Link to Comment SilverDOG
SilverDOG's picture

Cash_is_Trash

Funny how your vote trigger is frozen and both on either side work perfectly.

Warning: Do not answer the door.

1 up from SD.

Thu, 10/13/2011 - 20:06 | Link to Comment BigJim
BigJim's picture

Funny how your vote trigger is frozen and both on either side work perfectly.

It's a bug on the site - if a comment starts with italics, it's very hard to vote on it. Try it with this one.

Fri, 10/14/2011 - 06:31 | Link to Comment Mentaliusanything
Mentaliusanything's picture

ya did not say which way to vote .. I'm 3 ....just to prove ya might be slighty smaller than most "Jims" or "Johns".. whatever........ I'm attracted to RED

Fri, 10/14/2011 - 00:39 | Link to Comment Delta-Bravo-Ech...
Delta-Bravo-Echo-Charlie's picture

454 notes at $100 = $45,400 > $24,516 

So a pound of c-notes is still worth more than gold...

How long's the timeline until gold is $3,113.25. TOtally trivial, but just thinking...

Fri, 10/14/2011 - 02:08 | Link to Comment 4realmoney
4realmoney's picture

Three words: Gold American Eagles

Thu, 10/13/2011 - 17:18 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Pretty amazing when you consider that there is only $908.6 billion of actual US currency in existence in the entire world.

This year, the feral government will spend about four times that amount, and our 'official' national debt is 16 times that amount.

The only way we can pay back our creditors is with electronic 1's and 0's...

Thu, 10/13/2011 - 17:26 | Link to Comment Quinvarius
Quinvarius's picture

2500 tons of gold mined a year vs 3500 tons of ink used to print dollars.  I know my preference.

Thu, 10/13/2011 - 20:50 | Link to Comment Republicae
Republicae's picture

Electronic money is no better than physcial money, the more you "produce" the less purchasing power the currency retains, prices then begin to reflect the debasement of the currency. Essentially, the currency today, at least the "Dollar" has the purchasing value of around 3 Cents per face value of each Dollar. Now, if you calculate profits, assets and even debts based upon the real purchasing value of the currency then the amounts are not as massive as the nominal value as presented by the face value of profits, assets and debts. As such, today it takes over $22,000.00 to purchase what $1,000.00 purchased when the Dollar retained the purchase value of 100 Cents per face value. Such debasement, of course, has other consequences, the economic potency of the currency is diminished, with that diminishment comes certain distortions in the economy, not to mention the distortions created by the FED itself through the artificial manipulation of the interest rates, which are now completely separated from the actual market. Thus, business decisions are based upon artificial interest rates, as are buying decisions, selling decisions and also capital improvements. The signals are skewed, creating numerous distortions that cannot provide an acurate picture of the markets.

Thu, 10/13/2011 - 20:15 | Link to Comment g
g's picture

Because I am lazy, lets say the official US deficit is 14 trillion (we know its actually much greater than that)

 

I believe you would need 308,370,044 pounds of $100 bills, would cost $8,960,000,000 to print. Pretty good deal eh?

 

Fucking unbelievable, we need gold and silver as currency.

Fri, 10/14/2011 - 06:35 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Know your getting to the pointy end when you understand that.

Solution, Ben tells me, is full bore dilution however Diluting the Ocean is a big ask.

Think he's up to the task???

Thu, 10/13/2011 - 17:27 | Link to Comment wang (not verified)
Thu, 10/13/2011 - 17:30 | Link to Comment MolotovCockhead
MolotovCockhead's picture

An ounce of silver only cost $5 to dig out from the ground. It cost 6.4cents to print the $5 bill. Hence, silver only cost 6.4 cents!!! I will stick to solid silver as the computer figures cost nothing to produce, those are for debt slaves.

Thu, 10/13/2011 - 17:41 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Just a few seconds in your kitchen microwave will take care of any RFID chip/strip.

Thu, 10/13/2011 - 18:09 | Link to Comment General Decline
General Decline's picture

Including the one in your license plate renewal sticker. (in Illinois, anyway)
Make sure you nuke it before you put it on your plate. Within about 2 seconds, it will generate a small lightning bolt that jumps across the sticker. It's pretty cool, actually.

Thu, 10/13/2011 - 21:26 | Link to Comment WeTheSheeplez
WeTheSheeplez's picture

Don't forget the one in your passport.

Thu, 10/13/2011 - 22:34 | Link to Comment Prometheus418
Prometheus418's picture

Okay, I'll bite- but only because I'm starting the weekend a day early.

Why on Earth would anyone bother putting an RFID tag in a plate renewal sticker?  Not to say they don't do it, but what would be the point?  By the time you got close enough for it to work, you could just read the number.

As far as the lightning bolt goes, if they're anything like WI tags, they put metal flake in them to make them reflective.  Probably just bad for your microwave, with no particular benefit beyond entertainment.

In the MN metro area, most folks cut their tags with a utility knife after installation- not to thwart RFID, but to make stealing them harder.

Fri, 10/14/2011 - 00:34 | Link to Comment palmereldritch
palmereldritch's picture

Why on Earth would anyone bother putting an RFID tag in a plate renewal sticker?

Extreme Range RFID Tracking - presented at Black Hat USA 2010 Las Vegas

http://docs.google.com/viewer?a=v&q=cache:_K4T80ONc5YJ:www.tombom.co.uk/...

[snip] - page 8

"...we still believe that reading RFID tags from more than a mile away is entirely possible."

Fri, 10/14/2011 - 06:42 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Thanks for that

http://www.youtube.com/watch?v=u7Mf9j8co70&feature=player_embedded

 

Its worth the time to click 1.02 of Fuck you.. thanks Jesse for reminding me we come full circle.

Thu, 10/13/2011 - 17:49 | Link to Comment Chaffinch
Chaffinch's picture

You bet they cost a lot to print!

At 6.4 cents for a dollar bill every 21 months that means they have spent the whole dollar in about 25 years!

So to supply a million dollar notes for 50 years costs about two million dollars. It's easy to see how the National Debt keeps rising ; )

Thu, 10/13/2011 - 17:53 | Link to Comment Chaffinch
Chaffinch's picture

On the other hand I can see why BB wants inflation - the $100 dollar bills are much better value - and they last much longer - so if he produces $100,000 dollar bills, on a large scale, just imagine the savings - and they will last a lifetime ; ))

Thu, 10/13/2011 - 17:59 | Link to Comment Republicae
Republicae's picture

Ah, Benny, as well as most of the other politicians, want inflation because inflation is the oldest trick in the book on getting rid of debt. They are essentially trying to inflate the debt away...

Thu, 10/13/2011 - 19:42 | Link to Comment Chaffinch
Chaffinch's picture

Yep!

Thu, 10/13/2011 - 20:47 | Link to Comment Republicae
Republicae's picture

The problem, of course, is that before you can actually inflate your debt away the exchange value of the currency is destroyed, along with the economy.

Thu, 10/13/2011 - 20:44 | Link to Comment krispkritter
krispkritter's picture

The $100,000 bill was the largest note ever printed and had Woodrow Wilson's face on it.  You know, the prick who signed off on the Fed to start the whole charade? It'd be fitting if they started printing them again with Ben and Woody side-by-side in the rear with a bent-over taxpayer in front...

Fri, 10/14/2011 - 04:30 | Link to Comment Incubus
Incubus's picture

the $100 dollar bills are much better value - and they last much longer

 

They last longer because they're handled a lot less than the lower denomination currencies.   A million dollar bill would probably last for a century, provided it was issued at the start of a gentile-farm-debt-system reset.

Thu, 10/13/2011 - 18:48 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I ran some numbers (no ink expended): so it's about $1.5 million per day in printing costs to make that $907 million. Let's calculate a nice round number of 300 printing days a year, that makes $272.1 billion per year being printed at a cost of $450 million. Of course it's only takes a few minutes for Helicopter Ben to pitch that out the window. Sigh.

Thu, 10/13/2011 - 17:15 | Link to Comment Seize Mars
Seize Mars's picture

Electronic 1's and 0's cost nothing to create...

Arrows cost money. The dead cost nothing. Send in the Irish.

Thu, 10/13/2011 - 17:50 | Link to Comment Zero Govt
Zero Govt's picture

Electronic 1's and 0's do cost us something ...alot!

monopolising money allows the creation of counterfeit wealth in effect robbing every other holder (us).. the finest exponent of fraud ever devised ...and the oldest (simplest) trick in the book from tricky-dicky dynasty the Rothchilds

our societies are being robbed and bankrupted by monopolies all propped up and protected by the biggest monopoly racket on Earth, Government. End it fast and effectively simply by not paying your taxes to sponsor/fund its rotten continuance:

Zero Tax = Zero Govt

 

Thu, 10/13/2011 - 18:50 | Link to Comment MarketTruth
MarketTruth's picture

The linen/cotton paper is produced under guard by Crane & Co.

www.crane.com

 

Thu, 10/13/2011 - 18:27 | Link to Comment Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

So what you are saying is that they cost as much to produce as they are worth...zero.

Thu, 10/13/2011 - 20:01 | Link to Comment Nate H
Nate H's picture

"Electronic 1's and 0's cost nothing to create"

 

And lets be clear about this evil 'printing' alluded to in article...

 

"The Bureau of Engraving and Printing produces 26 million notes a day, with a face value of approximately $907 million"

That is 28 billion per month or 330 billion per year on a monetary claims base of ~$60 trillion not to mention unfunded liabilities

I.e. this 'printing' is very different to the Fed balance sheet, which can't be lent out, and much smaller than credit system - ie not inflationary and not particularly bullish for gold (tho someday if they print 100 mil per day I would certainly say so

Thu, 10/13/2011 - 17:03 | Link to Comment Apeman
Apeman's picture

Long ink

Thu, 10/13/2011 - 17:07 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

DuPont, homiez

Thu, 10/13/2011 - 17:13 | Link to Comment vast-dom
vast-dom's picture

Long infinite stupidity to the Nth!

Thu, 10/13/2011 - 17:06 | Link to Comment Melin
Melin's picture

That's odd....I distinctly remember NPR telling us there was no money printing going on at all.

Thu, 10/13/2011 - 17:08 | Link to Comment mfoste1
mfoste1's picture

NPR is disgusting....rife with liberalism

Thu, 10/13/2011 - 17:13 | Link to Comment Melin
Melin's picture

tell me about it...I'm constantly having to de-program the boyfriend.

Thu, 10/13/2011 - 17:17 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Both sexes are fucking stupid.

Male case: Da Bernank

Female case: Cristina Romer

Thu, 10/13/2011 - 17:29 | Link to Comment knukles
knukles's picture

Is she really?  

Thu, 10/13/2011 - 17:34 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

She's a Keynesian whackjob from Berkeley, of course she's fucked in the head.

Thu, 10/13/2011 - 18:31 | Link to Comment Stares straight...
Stares straight ahead's picture

I think Knuckles was asking if she was really female!

Thu, 10/13/2011 - 20:37 | Link to Comment krispkritter
krispkritter's picture

"The jokes are much funnier if I don't have to explain them..."

Thu, 10/13/2011 - 17:49 | Link to Comment Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

I would like to nominate Nancy Pelosi for the female example.

Thu, 10/13/2011 - 18:00 | Link to Comment AldousHuxley
AldousHuxley's picture

example of what? stupid?

 

she may appear to be, but she isn't no dummy. Her husband owns real state development firm so family wealth is tied in real state bubbles. She had US tax payers bail her husband out so that she have her triple digit millions net worth in tact. comes from philly politician machine. she isn't a dummy. just a shyster.

Thu, 10/13/2011 - 18:25 | Link to Comment Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

With very few exceptions I believe you just described everyone in Washington.

Thu, 10/13/2011 - 23:47 | Link to Comment merizobeach
merizobeach's picture

Melin: "That's odd....I distinctly remember NPR telling us there was no money printing going on at all."

From the article: "95 percent are used as replacement notes."

Thu, 10/13/2011 - 17:06 | Link to Comment Ahmeexnal
Ahmeexnal's picture

new 200 dollah bill in the works, with jp morgue and fuckefeller on the obverse of the bill, fed building on the reverse.

Thu, 10/13/2011 - 17:06 | Link to Comment Yen Cross
Yen Cross's picture

Fantastic read Tylers. Simple link. http://www.forexfactory.com/calendar.php

  Just a reminder for the immediate future.

Thu, 12/15/2011 - 23:40 | Link to Comment simoniddings
simoniddings's picture

This article gave me a chance to know more about currencies. The usage of 9.7 tons of ink per day makes me think of the notes. Money is very important and as we know we cannot live without cash. I like knowing that the printer produces 26 million notes a day. That's a lot of money.

Thu, 10/13/2011 - 17:08 | Link to Comment Racer
Racer's picture

And soon $100 bills will be scrunched up and used as firelighters to keep the homeless warm

Thu, 10/13/2011 - 17:27 | Link to Comment I think I need ...
I think I need to buy a gun's picture

don't discount everyone needing them to keep warm

Thu, 10/13/2011 - 18:03 | Link to Comment Republicae
Republicae's picture

I'm just waiting to see how long before newly printed $100 bills will have a few extra zeros printed on them.

Thu, 10/13/2011 - 20:40 | Link to Comment krispkritter
krispkritter's picture

Kinda ironic that the largest US bill ever printed was the $100,000 note and it had Woodrow Wilson's face on it. Kinda odd no? If Bennie and the Boyz keep this up, we're gonna need to print those at the same rate as the $1 notes...

Thu, 10/13/2011 - 17:08 | Link to Comment mynhair
mynhair's picture

Note to the S.S.

We have a counterfeit prez, so go do your job!

Thu, 10/13/2011 - 17:11 | Link to Comment Vuvuzela
Vuvuzela's picture

toilet paper those FRN's are soon

Thu, 10/13/2011 - 17:23 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

About 4,000 double folds (forward and backward) are required before a note will tear. 

 

Nevertheless one should avoid squeezing the Charmin.

Thu, 10/13/2011 - 19:33 | Link to Comment JohnG
JohnG's picture

Nope. You can tear the little pieces right in half quite easily.......

Thu, 10/13/2011 - 17:12 | Link to Comment dukeland
dukeland's picture

The website in 2013 will read:

The largest bill ever printed by the Bureau of Engraving and Printing was is the $100,000 gold certificate IOU (nothing)

Thu, 10/13/2011 - 17:24 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Those gold certificate were redeemable in gold at the time of issue.

Thu, 10/13/2011 - 17:12 | Link to Comment AllAboutTheBenjamins
AllAboutTheBenjamins's picture

I can recommend a different picture

Thu, 10/13/2011 - 17:12 | Link to Comment traderjoe
traderjoe's picture

Thank you for not using the word "money" when referring to the Federal Reserve Note. 

Thu, 10/13/2011 - 17:13 | Link to Comment mayhem_korner
mayhem_korner's picture
  • The average life of a Federal Reserve note depends upon its denomination:
    $1 bill - 21 months
    $5 bill - 16 months
    $10 bill - 18 months
    $20 bill - 2 years
    $50 bill - 4.5 years
    $100 bill - 7.5 years
  • The half-life of the 2013 $1million bill will be about a two-and-a-half mile drive to the store for a loaf...scratch that... a slice of bread.  :D

    Thu, 10/13/2011 - 17:19 | Link to Comment Cash_is_Trash
    Cash_is_Trash's picture

    If your driving in 2 years with gas at $15 a gallon, you da pimp of da town!

    Thu, 10/13/2011 - 23:50 | Link to Comment merizobeach
    merizobeach's picture

    Motorcycles, bitchez.

    My twenty-year old Honda still gets 50mpg.

    Fri, 10/14/2011 - 10:02 | Link to Comment mayhem_korner
    mayhem_korner's picture

     

     

    My 2004 SUV has a driving range of 450 miles, tinted windows, and enough storage space for 60 gallons spare fuel , 2 weeks rations, and one very powerful sniper rifle.

    ...and I'm getting good at taking out motorcycle riders.  :D

    Thu, 10/13/2011 - 20:01 | Link to Comment Syrin
    Syrin's picture

    When I bought my gold, they sent me a trillion dollar Zimbawe note as a reminder

    Thu, 10/13/2011 - 22:44 | Link to Comment Prometheus418
    Prometheus418's picture

    See- now this is a perfect example of why I buy silver.  I've got a one hundred trillion dollar Zim note.  That's 100x bigger.  :)

    Thu, 10/13/2011 - 17:13 | Link to Comment ranrun
    ranrun's picture

    I'm gald they have a link to "Buried by Debt." Like they didn't have a part.  All the easy money is out there, which they had no part in creating. But they want to help you. As Harry Browne said, Government will break your leg, then hand you a crutch, and tell you "see, you couldn't walk without me".

    Thu, 10/13/2011 - 17:12 | Link to Comment thatthingcanfly
    thatthingcanfly's picture

    4000 folds for a FRN to tear. Let's see... how many lap dances is that?

    Thu, 10/13/2011 - 17:28 | Link to Comment mynhair
    mynhair's picture

    How many games of Liar's Poker?

    Thu, 10/13/2011 - 17:13 | Link to Comment NotApplicable
    NotApplicable's picture

    I can't imagine a Benjamin only lasting 7.5 years. It's not like people just stuff them into their pockets. Most of the ones I see don't have any crease from folding.

    Must be the international drug trade?

    Thu, 10/13/2011 - 17:31 | Link to Comment Pool Shark
    Pool Shark's picture

     

     

    Just rub 'em for a good contact high...

    Thu, 10/13/2011 - 17:17 | Link to Comment bank guy in Brussels
    bank guy in Brussels's picture

    "Don't give a damn about a greenback dollar" - The Kingston Trio

    Classic

    Here on YouTube, with lyrics:

    http://www.youtube.com/watch?v=HG8rRNjpd8s

    « And I don't give a damn about a greenback dollar, spend it as fast as I can.
    For a wailin' song and a good guitar, the only things that I understand, poor boy, the only things that I understand. »

    Thu, 10/13/2011 - 17:15 | Link to Comment i love cholas
    i love cholas's picture

    Short Trees

    Thu, 10/13/2011 - 17:16 | Link to Comment hedgeless_horseman
    hedgeless_horseman's picture

    4 out of 5 bills have coke on them.

    http://en.wikipedia.org/wiki/Contaminated_currency

    Thu, 10/13/2011 - 17:30 | Link to Comment mynhair
    mynhair's picture

    ... but just in traces.  No way to recover a line.

    Thu, 10/13/2011 - 20:52 | Link to Comment UP Forester
    UP Forester's picture

    How many have Pepsi?

    Thu, 10/13/2011 - 23:54 | Link to Comment merizobeach
    merizobeach's picture

    The wacky morning DJ says democracy's a joke.

    Thu, 10/13/2011 - 17:17 | Link to Comment pcrs
    pcrs's picture

    I thought it was all digital these days. Who uses cash? Your gvt wants to peak into your bank account and check how much you are making and then take their cut.

    Thu, 10/13/2011 - 19:28 | Link to Comment akak
    akak's picture

    To the extent that you are NOT using cash, you are being a willing serf and monitored sheep.

    Chronic credit card and debit card use is one of the classic symptoms of sheepdom.

    Thu, 10/13/2011 - 17:19 | Link to Comment Dr. Gonzo
    Dr. Gonzo's picture

    Fun Fact #26: Some day they will all be worth nothing.

    Thu, 10/13/2011 - 17:20 | Link to Comment gwar5
    gwar5's picture

    Is it environmentally friendly ink? If not, #OccupytheFED

    @ Bruce Kasting I know there is already a lot of money sitting on the sidelines but the FED can easily scare it back into circulation by using said tons of ink to make mattress cash wither 5%+ /yr.  I think Ben is keen to see how much ink the EU will use to cover up their mess so he'll know how many barrels of green ink it will take to undercut 2.5-3.5 trillion Euros. 

     

    Thu, 10/13/2011 - 17:23 | Link to Comment Long-John-Silver
    Long-John-Silver's picture

    When will the Federal Reserve start printing $500 and $1,000 bills? I had never seen a $100 bill before I was 20 yrs old. Now I use one every time I fuel the truck.

    Thu, 10/13/2011 - 21:15 | Link to Comment FeralSerf
    FeralSerf's picture

    I doubt that they will.  They'd rather we use ATM cards so the cash will be more accessible for them.

    A society that only has small currency bill is easier controlled economically.  If we only had ones now, for example, how easy would it be to smuggle out $100K?  TPTB don't like cash economies.  They would prefer that you take credit cards and ATM cards for your services.   You may not prefer that though.

    The eastern block's recent history has many lessons in this regard, i.e. worthless incontrovertible currency, "economic crimes", black markets, illegality of possessing PMs or foreign banknotes.   The penalties were severe.

    Thu, 10/13/2011 - 23:56 | Link to Comment merizobeach
    merizobeach's picture

    "TPTB don't like cash economies."

    Bingo.  Just like my metals, I'll take my fiat in physical delivery, thanks.

    Thu, 10/13/2011 - 17:25 | Link to Comment Threeggg
    Threeggg's picture

    So, if it only costs .064 cents to create a physical $100 bill why then is it wor..................oh.............fuckit.......!

    Thu, 10/13/2011 - 17:24 | Link to Comment Quinvarius
    Quinvarius's picture

    You realize that is 3500 tons of ink per year?  We only mine about 2500 tons of gold per year.

    Thu, 10/13/2011 - 17:27 | Link to Comment Dreadker
    Dreadker's picture

    FIXED IT ALL FOR YOUR AMUSEMENT ;-)

     

    • The Bureau of Engraving and Printing produces notes every day, rain or shine, depression or recovery and whether you want us to or not.
    • Over 90 percent of U.S. currency is worthless paper.
    • A stack of currency one-mile high will not even buy you an ounce of silver in the years to come.
    • Currency is actually fabricated out of thin air, with nothing to back it!
    • The $2 bill first originated on June 25, 1776, when the Continental Congress authorized issuance of the $2 denominations in "bills of credit for the defense of American banksters."
    • The first dollar coin was issued in 1782, to convince you to stop using that pesky silver coinage that caused us so many problems.
    • The dollar was officially adopted as our nation’s unit of currency in 1785 after we'd successfully buried the 0% notes.
    • The largest bill ever printed by the Bureau of Engraving and Printing was the wall street bailout.
    • The U.S. Secret Service was created during the Civil War to fight counterfeiting for the fed.
    • The motto “In God We Trust” did not appear on paper currency until 1963, we were gonna put "In Gold We Trust" but that would've made it too easy for all of you.
    • The Bureau of Engraving and Printing has two facilities, one in Washington, D.C. and the other in Fort Worth, Texas.  Both have big "on" buttons for the presses... recently the "off" buttons were stolen.
    • The approximate weight of a bill is one gram.  Since there are 454 grams in one pound, there are 454 notes in one pound.  And one pound of gold is going to be worth considerably more than one pound of paper $100 bills.
    • The largest note produced today is the $100 bill.  Wait a while because we're working on the $100,000.00 bill so you can buy milk more easily.
    • It costs approximately 6.4 cents per note to produce U.S. currency.  And if that doesn't get your alarm bells ringing nothing will!
    • About 45 percent of the notes printed each year are $1, and 95 percent are used as replacement notes.  Soon, $1 bills will be used as toilet paper and heating fuel!
    • About 4,000 double folds (forward and backward) are required before a note will tear.  We got Ben to make an origami helicopter to prove it!
    • The average life of a Federal Reserve note depends upon its denomination - the average life of an ounce of gold is pretty indefinite... but who wants archaic metal anyways!

     

    Thu, 10/13/2011 - 17:46 | Link to Comment nyse
    nyse's picture

    Hey, dickhead: The FED backs that paper. Who backs your gold?

    Thu, 10/13/2011 - 20:48 | Link to Comment Dreadker
    Dreadker's picture

    5000+ years of history and my AR-15, .308 Remington, XDm 9mm, Glock 31 and good ole reliable Remington 870...  I diversify into lead in my portfolio...

    Thu, 10/13/2011 - 20:57 | Link to Comment UP Forester
    UP Forester's picture

    Don't forget copper.  Lead casting is a bitch without a lot of solvent and a boresnake....

    Thu, 10/13/2011 - 22:16 | Link to Comment Dreadker
    Dreadker's picture

    Touche sir... Touche... ;-)

    Fri, 10/14/2011 - 07:44 | Link to Comment ManOfBliss
    ManOfBliss's picture

    What do they back it with? More paper? LOL

    Thu, 10/13/2011 - 17:25 | Link to Comment Yen Cross
    Yen Cross's picture

     How much (xag) , is in the security strip?

    Thu, 10/13/2011 - 20:58 | Link to Comment UP Forester
    UP Forester's picture

    More than the rest of the note is notionally worth....

    Thu, 10/13/2011 - 17:25 | Link to Comment metastar
    metastar's picture

    The largest note produced today is the $100 bill.

    They want you chipped bitchez.

    Thu, 10/13/2011 - 17:26 | Link to Comment slewie the pi-rat
    slewie the pi-rat's picture

    if you add up all the serial numbers

    they really weigh a lot

    but they protect us from counterfeiting, BiCheZ!

    Thu, 10/13/2011 - 17:27 | Link to Comment XitSam
    XitSam's picture

    I thought that denominations over $100 were not valid tender now, but they are. http://moneyfactory.gov/uscurrency/largedenominations.html

    Thu, 10/13/2011 - 17:29 | Link to Comment Shvanztanz
    Shvanztanz's picture

    No fucking wonder when you buy an ink cartridge it costs 30 dollars and it is good for printing four pages. Then you have to buy another one.

    Thu, 10/13/2011 - 17:29 | Link to Comment Yen Cross
    Yen Cross's picture

     I'm pooping " ZINC". It  Burns!

    Thu, 10/13/2011 - 17:37 | Link to Comment hambone
    hambone's picture

    Anybody have a reason why in an attempt to fight the deflation we are in - the Fed or other like institution couldn't simply create money (physical or digital) and pass along to largest players (ala JPM, for instance, to purchase assets, puts, calls, etc.) and simply not record or make it visible as a Federal debt (legal counterfeiting?)...would seem to recreate the inflationary bias for all those nasty deflationary dollars getting destroyed as housing deflates while avoiding the "debt hangover" of more debt?  W/ compliant acct's and gov regulators...why is this not possible???  Would seem to benefit all those in power nicely.

    Glad to know why this is stupid and crazy.

    Thu, 10/13/2011 - 18:10 | Link to Comment Raynja
    Raynja's picture

    The reason they cannot do this is because they use other techniques.  Only bad guys counterfeit, good guys employ seigniorage.  Due to the dumbing down of the public thru tv and other media outlets we refer to this practice as "qe".

    Thu, 10/13/2011 - 18:19 | Link to Comment hambone
    hambone's picture

    Yeah, but I'm talking QE absent the liability of a federal debt...or even absent purchasing anything.  Just acquiescent to the transfer of working capital to those chosen few.

    Thu, 10/13/2011 - 18:55 | Link to Comment Raynja
    Raynja's picture

    On one side it is what happens and has since the fed was created.  Wait for a good panic, lend the big banks money to buy the smaller failed banks and snowball it.

    In terms of silent transfer, i find tylers argument concerning the fed selling puts on treasuries plausible. they could use that money to fund stock market operations and hide behind the net amount on their balance sheet.

    In terms of printing money, it would be less inflationary than borrowing money and it seems almost impossible they would be less responsible than the current regime.  On printing money and not telling anyone I'd assume they could get away with it until they couldn't (not in a foia way, in a weimer way). it should show up on http://bpp.mit.edu/usa/

    Thu, 10/13/2011 - 18:24 | Link to Comment robertocarlos
    robertocarlos's picture

    Why work for fiat paper when the govt can just print it and give it to you? I think that is the end point when the people find out that the govt has GIVEN the bankers trillions. The only way to creat fiat paper is to take out a loan.

    Thu, 10/13/2011 - 17:32 | Link to Comment mynhair
    mynhair's picture

    Largest note produced today is the $100.

    Guess they lost McKinley's picture.

    Thu, 10/13/2011 - 17:37 | Link to Comment Yen Cross
    Yen Cross's picture

     Where in the heck is 777?

    Thu, 10/13/2011 - 17:37 | Link to Comment swissaustrian
    swissaustrian's picture

    Why do you Amerikans still print 1 $ notes? is there anything you can purchase for $1?

    Thu, 10/13/2011 - 17:43 | Link to Comment Yen Cross
    Yen Cross's picture

     Ya gotta be kidding me. SNB has printed / and continuess to print ( frankes),  Now SNB wants to raise the peg? Are you FUCKING serious?  The Miss-spells were intended.

    Thu, 10/13/2011 - 17:49 | Link to Comment swissaustrian
    swissaustrian's picture

    I bought gold at CHF 1250 in august on the day when USD/CHF hit .7, so I´m not to blame for that. We´re all in this competitive currecy devaluation game together...

    Anyway: Switzerland is at least fiscally responsible.

    Thu, 10/13/2011 - 17:55 | Link to Comment slewie the pi-rat
    slewie the pi-rat's picture

    apparently, neither the hapsburgs not the hohernzollerns have "dollar stores" y/c!

    imagine that!

     

    Thu, 10/13/2011 - 19:58 | Link to Comment Yen Cross
    Yen Cross's picture

    currrency. Sorry for the mis spell. I'm not letting M/S updates any more

    Thu, 10/13/2011 - 17:45 | Link to Comment hambone
    hambone's picture

    The dollar bill is one of our largest exports...and at $0.06 per, soon may be one of our most significant  manufacturing endeavors.

    Thu, 10/13/2011 - 18:02 | Link to Comment FeralSerf
    FeralSerf's picture

    <<Why do you Amerikans still print 1 $ notes?>>

    Tradition!

    Just like monetary gold according to Ben.

    Furthermore, we Merkins will be warm and toasty burning our ones while you Swiss are cold and penniless trying to get warm with your 10 franc notes.  Who will have the last laugh then?

     

    Thu, 10/13/2011 - 17:44 | Link to Comment SaveTheGreenback
    SaveTheGreenback's picture

    "It costs approximately 6.4 cents per note to produce U.S. currency."

    Haha!!  6.4 cents of what?  6.4 cents in 2011 dollars?  This is a joke, right?  So, a dollar bill is really worth a net 93.6 cents?  

    We get our dollars for a discount at the expense of our liberty!

    Thu, 10/13/2011 - 17:45 | Link to Comment RobotTrader
    RobotTrader's picture

    Hilarious how they are printing at warp speed, and even creating new Fiatscos electronically out of thin air.

    Yet "investors" still clamor for U.S. Dollars and U.S. Treasuries and they are throwing commodities over the side again.

    Some commodities like natural gas are at world record lows when adjusted for inflation.

    Just goes to show how "paper" rules over "things".

    At least for now.

    Thu, 10/13/2011 - 17:59 | Link to Comment unununium
    unununium's picture

    > Just goes to show how "paper" rules over "things".

    Car loans are certainly cheap. Under 3.00% if you can qualify.  Don't know if we'll ever see that again.

    Thu, 10/13/2011 - 17:47 | Link to Comment 10044
    10044's picture

    90% is FRN, what's the other 10? I'm just curious...

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