Early this morning the US Mint notified the Treasury that they completely ran out of ink last night during third shift. All production has ceased in the currency printing department at the time of this posting
The Treasury made a statement this afternoon after investigating the problem and came to the conclusion that invoices have not been paid for the past 60+ days due to a shortage of funds.
The Treasury promised that the invoices would be paid as soon as they could print more currency and if/or the “Cash for Clunkers” funding problem has been taken care of . A source we have in the Treasury said that “they haven’t paid the ink bill for awhile now because all available cash that had been printed went to other more important congressional projects.”
We found the only company that provides the inks for printing the currency is Little China Ink Inc. They are located outside of Honk Kong about a day’s ride by donkey cart or 5 hours by bicycle.
Bill Clinton’s administration hired this company in the summer of 1998 after an intense bidding war between a US competitor HP. There is unproven speculation that the former president is presently a board member of Ink Inc but that information is private since it is not a publicly traded company in China.
It should be noted that Ink Inc donated 2.5 million dollars in early ’98 to the fundraising arm of the yet to be built William Jefferson Clinton Library.
China officials when asked about this situation said “we have no problem, we wait on interest payments, we wish US government quit printing money and diluting our financial position we be berry berry happy.”
Related posts: