In these days of "quantitative easing" and stimulus spending (NOT printing money, insists Federal Reserve Chairman Ben Bernanke), the U.S. dollar's much-diminished world stature is best exemplified by this: We can't even print them right. CNBC got the story based on a little-noticed Oct. 1 press release. HT CJR Bottom line: The new Benjamins—which are supposed to have new and more sophisticated security strips to thwart counterfeiters—keep folding over during the printing process, so the resulting bills have a blank line on them. Some 30 percent of the bills were coming out bollixed, so the presses were shut down and the cash stashed in a special vault, to await sorting the good hundreds from the bad. And this, it seems, is the problem, CNBC's Eamon Javers reports:
It is certainly mere coincidence that these defective (not to say worthless) hundreds are to be the first affixed with Timothy Geithner's signature.