ximmy
12th November 2013, 11:26 PM
Yahoo!
$10,000 for one loaf of bread! (Or one bitcoin please) :)sal ;D :D
By Steve St. Angelo, SRSrocco Report
To get ready for the "New Release" of its redesigned $100, the U.S. Department of Treasury, printed 563 million of the new bills just in the month of September (48 million of the $100 notes at its eastern facility and 515 million at its western branch).
It looks like the U.S. Treasury is learning a few tricks from the Reserve Bank of Zimbabwe as it ramps up its printing press. In just a few years, the U.S. Department of Treasury Bureau of Engraving & Printing has substantially increased the printing of its largest valued Federal Reserve Note -- the $100 bill....
The Bureau of Engraving & Printing releases annual data on the Federal Reserve Note production figures and the table below shows the changes from 1992-2012:
http://67.19.64.18/news/2013/11-12sa/image001.png
Now, if we concentrate on the most used Federal Reserve Notes, the $1, $10, $20 and $100, we can clearly see the change in annual production figures below:
http://67.19.64.18/news/2013/11-12sa/image004.gif
Not only did the total value of currency printed in 2012 triple compared to 2002, but the majority of the increase was solely due to the printing of our famous American -- Benjamin Franklin. In 2012 of the total $358 billion printed in Federal Reserve Notes, the $100 bill accounted for $303 billion, or 84% of this amount.
As you can see from the figures on the chart, the printing of the $100 has increased more than 10 fold from 218 million $100 bills in 1992 to 3,027 million printed in 2012....
The huge increase in the printing of the $100 bill this past decade coincides nicely with the massive increase of U.S. Govt debt and Federal Reserve policy of QE monetization. I would imagine if the new Federal Reserve Chairman, Janet Yellen keeps to her promise of increasing QE to infinity, they may have to bring back some of their old larger notes out of retirement.
http://67.19.64.18/news/2013/11-12sa/image006.gif (http://srsroccoreport.com/wp-content/uploads/100000-Gold-Note.png)
http://67.19.64.18/news/2013/11-12sa/image008.gif
Even though the $100,000 note is a gold certificate, it gives the reader a good idea of what a Federal Reserve Note would look like with all those extra zeros.
The United States is heading for a hyperinflationary collapse. This will not be an economic event, but rather a loss of faith in the Dollar -- a statement repeated by Jim Sinclair.
http://news.goldseek.com/GoldSeek/1384272731.php
$10,000 for one loaf of bread! (Or one bitcoin please) :)sal ;D :D
By Steve St. Angelo, SRSrocco Report
To get ready for the "New Release" of its redesigned $100, the U.S. Department of Treasury, printed 563 million of the new bills just in the month of September (48 million of the $100 notes at its eastern facility and 515 million at its western branch).
It looks like the U.S. Treasury is learning a few tricks from the Reserve Bank of Zimbabwe as it ramps up its printing press. In just a few years, the U.S. Department of Treasury Bureau of Engraving & Printing has substantially increased the printing of its largest valued Federal Reserve Note -- the $100 bill....
The Bureau of Engraving & Printing releases annual data on the Federal Reserve Note production figures and the table below shows the changes from 1992-2012:
http://67.19.64.18/news/2013/11-12sa/image001.png
Now, if we concentrate on the most used Federal Reserve Notes, the $1, $10, $20 and $100, we can clearly see the change in annual production figures below:
http://67.19.64.18/news/2013/11-12sa/image004.gif
Not only did the total value of currency printed in 2012 triple compared to 2002, but the majority of the increase was solely due to the printing of our famous American -- Benjamin Franklin. In 2012 of the total $358 billion printed in Federal Reserve Notes, the $100 bill accounted for $303 billion, or 84% of this amount.
As you can see from the figures on the chart, the printing of the $100 has increased more than 10 fold from 218 million $100 bills in 1992 to 3,027 million printed in 2012....
The huge increase in the printing of the $100 bill this past decade coincides nicely with the massive increase of U.S. Govt debt and Federal Reserve policy of QE monetization. I would imagine if the new Federal Reserve Chairman, Janet Yellen keeps to her promise of increasing QE to infinity, they may have to bring back some of their old larger notes out of retirement.
http://67.19.64.18/news/2013/11-12sa/image006.gif (http://srsroccoreport.com/wp-content/uploads/100000-Gold-Note.png)
http://67.19.64.18/news/2013/11-12sa/image008.gif
Even though the $100,000 note is a gold certificate, it gives the reader a good idea of what a Federal Reserve Note would look like with all those extra zeros.
The United States is heading for a hyperinflationary collapse. This will not be an economic event, but rather a loss of faith in the Dollar -- a statement repeated by Jim Sinclair.
http://news.goldseek.com/GoldSeek/1384272731.php