Behind the scenes with the next-gen $100 bill

[ericlp]

http://news.cnet.com/8301-13772_3-20009315-52.html?tag=rtcol;inTheNewsNow

Normally I don't post this crap. But, I think we need to take a break from the old right/left BS and read something different for a change.

Besides, it's a good read and I think the new 100 looks cool. Just hope it holds it's worth for a good long time.

 

[nick1985]

 

[Narmer]

I can't remember the last time I had a $100 bill in my wallet. The highest is $20s.

 

[Cogman]

kind of ugly IMO. I like the banks to be able to track my every move with a debit card (and the lack of change).

 

[Elias824]

Least its not pink and purple.

 

[mrjminer]

Personally, I think all of the changes they've made to the way currency looks over the past 20 years have been terrible. My speculation is that it's just another excuse for the government to waste money or to hide money they've wasted: "Cost of Redesigning the $100 bill: xxxxxxxxxxxxxxxxxx.xx"

Not to mention, there are a bunch of retards that will think the bill is counterfeit because they've never seen one before... not that I blame them with the over-redesigning that seems to occur with every "next-gen" bill.

 

[FuzzyBee]

How is the new bill going to keep people from counterfeiting the old bill?

 

[Bl0cks]

reminds me I need a job to have one of those

 

[boomerang]

How is the new bill going to keep people from counterfeiting the old bill?

It isn't. This is just more wasteful spending on the part of government. If they tied this in to phasing out of the old bills over a timeframe, then fine. But they haven't.

 

[ebaycj]

It isn't. This is just more wasteful spending on the part of government. If they tied this in to phasing out of the old bills over a timeframe, then fine. But they haven't.

That's because all old bills of all kinds are automatically phased out over a timeframe already. Seriously when was the last time you saw a 1980's or earlier era $20 bill? They're pretty rare nowadays.

 

[FuzzyBee]

That's because all old bills of all kinds are automatically phased out over a timeframe already. Seriously when was the last time you saw a 1980's or earlier era $20 bill? They're pretty rare nowadays.

Does that mean that stores will no longer accept the pre-80's $20?

 

[epidemis]

Say no to the obama-bill!!!

 

[boomerang]

That's because all old bills of all kinds are automatically phased out over a timeframe already. Seriously when was the last time you saw a 1980's or earlier era $20 bill? They're pretty rare nowadays.

Our currency has been accepted the world over for a long, long, time. In fact for the most part, it's been the most highly desired. I would venture there are billions, if not trillions hoarded all across the globe. All of it legal tender.

If it's still legal tender, there is a keen interest in counterfeiting it. Much easier for the old bills than the new. I may not have made it clear, but this is the basis for my earlier post.

 

[dahunan]

My speculation is that it's just another excuse for the government to waste money or to hide money they've wasted: "Cost of Redesigning the $100 bill: xxxxxxxxxxxxxxxxxx.xx"

Be careful... you are seeing through the fog/media

 

[HendrixFan]

Personally, I think all of the changes they've made to the way currency looks over the past 20 years have been terrible. My speculation is that it's just another excuse for the government to waste money or to hide money they've wasted: "Cost of Redesigning the $100 bill: xxxxxxxxxxxxxxxxxx.xx"

More likely to help inflate the money supply without people noticing the true extent of it. Almost all the money we get from the bank where I work is brand new, nearly every denomination. This includes $1 bills. Go back 3 years and that was not the case. Anecdotal sure, but is is certainly reasonable.

 

[Narmer]

How is the new bill going to keep people from counterfeiting the old bill?

When old bills go to the bank, they are always destroyed.

 

[Slick5150]

When old bills go to the bank, they are always destroyed.

This.

I love the know-it-alls once again proclaiming this a waste of money because you can still use old bills which are easier to counterfeit. Sure, but since they become uncommon so quickly, if you pass off a fake one its REALLY easy for the police to trace it back to its origin.

The treasury is doing the right thing by staying ahead of counterfeiters. Quit bitching about it.

 

[FuzzyBee]

This.

I love the know-it-alls once again proclaiming this a waste of money because you can still use old bills which are easier to counterfeit. Sure, but since they become uncommon so quickly, if you pass off a fake one its REALLY easy for the police to trace it back to its origin.

The treasury is doing the right thing by staying ahead of counterfeiters. Quit bitching about it.

"This?" Do you know how many uncirculated legitimate 100-dollar bills are around? Until the Treasury announces plans to no longer accept the older bills, they'll continue to be counterfeited.

How "uncommon" are old-style twenties? Hell - I see them about every day. I guess they must all be counterfeit, eh?

 

[Slick5150]

You've completely missed the point.

As the old bills are taken out of circulation by the banks, they become rare. Hence, they get flagged and checked far more frequently, and counterfeits are spotted with much greater frequency, and are able to then be traced back to the point of origin.

 

[boomerang]

You've completely missed the point.

As the old bills are taken out of circulation by the banks, they become rare. Hence, they get flagged and checked far more frequently, and counterfeits are spotted with much greater frequency, and are able to then be traced back to the point of origin.

You're vary narrow in your thinking on this, but I can tell you've convinced yourself you're on top on this discussion. So here's my last contribution.

You need to start thinking outside the borders of this country. Think of it in the context of the amount of currency in circulation and what effect that has on the value of our dollar. Think of what effect a foreign government or governments could have on our economy by printing large quantities of counterfeit currency. Currency that would never reach our shores. Currency that is still considered legal tender in spite of two distinct and different iterations of that same currency having been produced and put in circulation since.

 

[Slew Foot]

Didnt something like this happen in WW2?

I thought I heard somewhere that we airdropped piles of counterfeit money into Germany in order to destabilize their economy.

 

[GodlessAstronomer]

Still made of paper? LOLmerica.

 

[Slick5150]

Still made of paper? LOLmerica.

US Currency isn't made of paper. 75% cotton, 25% linen.

 

[GodlessAstronomer]

US Currency isn't made of paper.

The word 'paper' appears in the article 6 times, including

this is where the U.S. Treasury Department prints its paper money

FYI, just because something isn't made from a tree doesn't mean it isn't paper. Paper can be made from cotton fiber, among other materials.

 

[WhiteFireDragon]

i need one of these money making machines in my house. or a money tree