The Fed has 110 Bln. dollars of new notes, 10% of all US cash, sitting in a warehouse in Texas
• Yahoo NewsSupposedly, it is under quarantine because it is flawed;...the new security features are so hard to manufacture, even the mint is goofing it up. But they say it will all be ready to circulate in a year.
Remember the "bearer bond" $140 billion scandal from a year or so ago?
How much you wanna bet that this $110 billion in notes are "lost" between today and when they are supposed to be destroyed?
Mark my words. Write them down.
What kind of quality control problems do you have when a billion $ in notes can get printed before some government employee notices they're not right?