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Dollar Printing Uses 9.7 Tons Of Ink Per Day, And Other Fast Facts About The US Dollar
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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look at your avatar...are those pennies?
Hey let's crank up the M & A "rumor mill".
Carl Icahn making a run at Navistar.
Huffington wants to sell AOL to Yahoo or Google.
wtf is AOL?
is that like L0L?
To that pearl of wisdom, I add the missing letters : Laugh My Fucking Ass Off Out Loud Robinheimer Tradinski!
What happens when it costs $15 to print out 1 dollar bill?? LMAO
It costs more than one cent to mint every one cent coin
http://en.wikipedia.org/wiki/Penny_(United_States_coin)
So I guess they follow the same insane principle and keep printing them, and I guess they hope that the ink and paper suppliers will take a credit card!
No worries, we'll make it up in volume.
In order to protect that 6-cent bill we have amassed a military that costs us how much per day? How many villages had to be blown up and rebuilt so that the Fed could keep printing those 6 cent dollars?
The birth of that one (6 cent) dollar bill creates an ever-compounding cost to each of us. The cost of war is the cost of our fiat printing.
Nobody ever looks at the true cost of things anymore. And we measure the cost of the dollar in terms of the dollar, so its meaningless anyways.
I always used to think that barter was inefficient, but when I start to think about the cost of everything involved in 'creating' currencies as a medium of exchange, well, maybe barter would be worth the hassle!
Which begs the question: Just how much does "full faith and credit" COST to maintain?
Peak Ink Bitchez!
What became of the 110 billion dollar benjamin fuck up?
http://www.cnbc.com/id/40521684/The_Fed_Has_a_110_Billion_Problem_with_N...
Who was paid to make the problem go away?
It's hard to believe even government workers wouldn't discover the problem before a billion bills were printed ? Don't you remember all that "B roll" of mint inspectors looking over sheets of uncut bills with magnifying glasses ? Are the new bills printed on rolls of paper instead of sheets to speed up the process ? Maybe there is some other reason for not releasing the new bills and they had to invent a plausible big lie ? Monedas 2011 Comedy Jihad Print Off
"That amount of money doesn't even exist"
http://www.youtube.com/watch?v=cKKHSAE1gIs
All I know is bread only costs 2 dollars for a one pound loaf. Maybe 4 dollars if you want good bread. We are living like kings.
Over 90 percent of U.S. currency is Federal Reserve notes
Assuming that they are using the word 'currency' properly, what kind of currency consists of the other 10%? It's possible that they're improperly referring to coinage as currency but you'd think they'd know the difference.
Wondered about that too. At least some are US notes, printed/issued directly by the Treasury and rarely seen today. Some are silver certificates, repudiated in 1968. Hard to think those two categories would make up 10% though.
It is remarkable that all US currency is still valid legal tender. The collector value would make spending them outright unwise, however the fact that currency almost 100 years old is still technically good has to be some kind of record. Yeah, yeah - I know all about debasement and inflation, still - trying to think of any other paper currency from say, 1928, that is still in use. There might be some ancient Brit bearer bonds or something like that, as far as an actual currency goes, the dollar has to be it.
Other fun facts that they left out:
The Federal Reserve buys the currency from the Bureau of Engraving and Printing and pays for the cotton and linen paper by the pound.
The Federal Reserve is running the most profitable business in the world. They make US$99.93 per every US$0.064 investment.
Blankfein a la Doctor Evil ... LOL
Notice on the 3rd bullet from the bottom. The fed openly admits to printing 95% of the dollars as replacements. That leaves 5% for organic inflation on just those notes regardles of any banker fraud They are openly admitting they print 5% more $1 dollar bills each years not to replace dollars but to increase them. I wonder what the 5% increase is on the $5, $10, $20, $50, $100 bills the print each year?
Do I have to think for everybody ? Even though I can handle the job and actually enjoy strutin' my stuff ! Distribute the bundles of good and bad FRNs to the client banks and give them 30 days to return the defective bills ! Duh ? Monedas 2011 Watch them spend $500 million making a bill sorter !
Treasury Department PSA!!
Click link!!
http://www.youtube.com/watch?v=EguVBAoLtNE
Now, here is your reality check for the day, It only cost 6 cents to print a $100.00 Bill.
Have a nice day!
III
Green Jobs!
so why the heck do they print a freakin pyramid onto the paper, when there are so many nice (rotten) bridges in the US ?
The Pyramids were the first Ponzi schemes and their image has been used ever since as the official Ponzi Logo ! Monedas 2011 Comedy Jihad Pyramid Scheme
Why does the government not replace the $1, ($2) and $5 bills with coins?
The largest coin you use regularly in the usa is pretty much worthless. It's like being in Italy in the 70's or Russia in the 90's, you have to hoard the coins you need for parking meters, telephone etc.
When the £1 note was replaced by a coin in the UK there was plenty of resistance, but it died off soon enough. Or is the Fed keeping control of small change now as well? Thats what it looks like.
McDonalds Dollar Menu
That is an excellent question, to which their is no logical answer.
If the USA had kept its coinage and currency current with so-called "inflation" (it should be called what it really is: depreciation of the dollar), then the smallest coin in use today in the USA would be the quarter dollar, and the smallest bill would be the $20. Today's circulating coinage and currency system in the USA is a complete and impractical mess, and woefully needs to be updated for the 25+X depreciation of the dollar over the last 80 years.
Actually, believe it or not, there is a union that constantly lobbies the fed NOT to do away with $1 bills, has to do with union employees at the fed and the number of employees that work directly with the $1 bill, Also, as for the penny, there is a Copper Union that represents copper producers in the US which is always lobbying for copper usage in the coins, especially pennies. I kid you not, the unions are forcing the FED to spend extra $$$ keeping their members employed rather than just find other work or fire them. Pretty sad
There's not much copper in a modern penny. Mostly zinc.
Try wiping your ass with a $1, ($2), or $5 Dollar coin...
Use needle nose pliers and a dental mirror.....rinse and repeat ! What's the problem ? Monedas 2011 Thinkin' for humanity !
I have several United States $2 Notes. Series 1963.
Why does the US not print these red seal non debt backed currency, and pay the national debt with these?
Why do we no pay the debt in quarters? Actual scpiece yes? Pennies even.
A sovereign CAN print it's own money. Non debt backed currency.
Yes, never mind, I know that it will just flood back and end in hyperinflation anyway.
This is why I own and buy GOLD.
It is a nice idea......Bill Still told me so.
The $1,000 bill will be making a comeback soon.
My buddy and I were talking about how unbelievably creepy Mr. Blankfein looks... Seriously, he has a weird facial thing/twitch that is just mesmerizing to watch, in a "stare at a dead body" mesmerizing kind of way.
He robbed that facial tic from Peter Sellers in "Doctor Strangelove". He whacks off to that movie every night after work. It reminds him of the utopian world he and his buddies are working so furiously to create.............................
fun fact...the usd is down 33% since 2002! for more fun, look further back! tell your friends!
Heck/ At Least Reality is sinking in.
Wow....
The dollar gets in the mile high club.
The average life of any note in my house is 3 hours.
You live in a strip club?
Average length of time my beloved wife keeps a $100 bill in her hands? About 30 seconds.
Then you need to revert to that old joke about tattooing a $100 on your dick...that way when she's blowing $100 at least you're happy...!
Average life span of your knob if you didn't give her the Benjamin to spend? Priceless.
$1 million bonus to a banker after a yearlong paper shuffling cost US taxpayer $64,000(in $100 denomination) and US economy 20.4 job
And not a very good job of guarding it. A friend found big piles of discarded rolls in the dumpster near Ar
its totally legal to print, use and distibute your own currency. Just cant pay your taxes with it.
"if I only had a dollar for everytime..."
All this trivia makes me want to fondle my metals.
Since the gov can print as much as it likes and thereby making taxation obsolete, taxation becomes nothing more than selective repression. And, guess what, You've just been selected.
Sorry double post.
Is that ink made in China? Are they switching to red? Are they going to save on ink by printing on only one side of the bill? Stay tuned for answers.
Damn the cotton gin! We would all have a job.
Since 1913 the value of the dollars is 3cents. 6.4 cents is equal to a cost of $2.00 (in 1913 dollars) to print a $1.00 FED note. Thats value for ya.
Why is there no 1000 or 500 USD note??
Would that change the perception and use of "Cash"?
There are $500 and $1000 notes, but none have been printed since the 1940s. They are still legal tender but are removed from circulation by banks (and collectors, they are worth quite a bit more than face value)
I would like to see $5, $10 and $20 coins re-issued, more to your point.
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.
These were facts I never knew about the US dollar, especially how much ink the printer uses a day. That is astonishing, and how do they keep track of the ID or number on each batch of notes being printed? But nowadays, a credit card is more convenient than paper cash.
Well, that's just a part of the expenses and US should be responsible of that. I heard rumors that there is a bit of discrepancy in terms of the printing process. On top of the line, they should advised using brother printer ink cartridges for better quality and performance. Though it's a different thing for them, these cartridges would of course result to excellent outcome and the public would not throw questions against them.