Wednesday, April 21, 2010

Government goes high-tech to redesign $100 bills

But he has been joined by a disappearing Liberty Bell...

For a second there I thought they were going to write disappearing confidence.

If a fraction of the attention paid to security, details, and education for the notes was transferred to sound money management behind them, there would be little need for liquidity to drive the economy. Private savings (capital), rather than public sponsored-liquidity, would flow into the private sector. This would raise the standard of living for all and create numerous private sector jobs.

The folks who print America's money have designed a high-tech makeover of the $100 bill. It's part of an effort to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas, Federal Reserve Chairman Ben Bernanke says.

Benjamin Franklin is still on the C-note. But he has been joined by a disappearing Liberty Bell in an inkwell and a bright blue security ribbon composed of thousands of tiny lenses that magnify objects in mysterious ways. Move the bill, and the objects move in a different direction.

Source: google.com

0 comments:

Post a Comment