The mistake made last year when the US Treasury halted the release of the new $100 bill was not cheap. Though unofficially confirmed by the US Treasury on the amount of bills printed, it seems widely accepted and uncontested at one billion $100 bills. That is $100,000,000,000.00 destroyed or yet to be destroyed. The big question is, was the dollar value added to the balance sheet? This does not include the millions of dollars it cost in materials and man hours….
This question has been in the back of my mind ever since it happened.
Another question I asked myself was, why would the unvieling of a new American $100 bill take place in Kiev instead of the US?
Not to say this was anything more than a printing mistake on one billion $100 bills, it just sounds a little fishy to me.
You can see the official press release concerning the mistake from the Federal Reserve here;
The one thing that makes me feel secure with all the gold I have put away, is that can never happen with hard 999.9 metal.
Just something to make you go hmmm for now.