Government Burning Money... literally.

Discussion in 'Random Ramblings' started by PineappleMama, Dec 6, 2010.

  1. PineappleMama

    PineappleMama Chillin' With My Peeps

  2. FourPawz

    FourPawz Chillin' With My Peeps

    938
    3
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    Apr 2, 2010
    Virginia
    From the article:

    "It would take an estimated 20 to 30 years to weed out the defective bills by hand, but a mechanized system is expected to get the job done in about a year."

    Read that sentence and then think about how many new bills they've printed. They're going to dilute the money supply beyond belief.
     
  3. rebelcowboysnb

    rebelcowboysnb Confederate Money Farm

    Brings new meaning to the saying "It takes money to make money."

    We burn money every day though. Warn bills are burned an replaced constantly. The life expectancy of a bill is about 1 year. 2/3s of the bills in circulation right now are counterfeit anyway.
     
  4. Dunkopf

    Dunkopf Chillin' With My Peeps

    Sep 24, 2010
    Kiowa, Colorado
    Quote:Printing money is just a saying. They only print what they need to replace the worn out stuff. The extra money put into the system is all electronic.
     

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