Saturday 24 September 2011

Making money

By Postmedia News
Morning at the last factory in America that actually makes something begins with 18 of us poor folks on benches, waiting for the 10 a.m. tour.
Many of us are out-of-towners and a few, to my surprise, never have been in Washington, D.C. before. But it's a pretty safe bet that we've all been customers of this country's most unstoppable assembly line.
First, we are shown a video that details all the measures being taken here to ensure impeccable quality control. We are told the building we are visiting cost a whopping $3 million to construct, back in 1914. And we learn about the Super Orlof Intaglio Press and the Koebau-Giori-DeLaRue Super Simultan 212 roller that we're going to see when we go up on the catwalks and look down on the production floor.
"The quality of our product is superior," the film's narrator boasts.
Then we are told if we dare to snap a single picture during the tour, the guide will take our cameras away.
We ride up an escalator and march along a narrow hallway to a vantage point above a whirling, roaring, monster machine that sloshes with bilious lava and hums with fiduciary pride. Down we stare with awe and avarice.
The beast is making $20 bills!
Welcome to the Bureau of Engraving and Printing, established by Abraham Lincoln early in the Civil War to standardize U.S. paper currency and render null and void the notes in circulation in the rebellious South. The war ended in 1865, but the Super Orlof never stopped rolling. Tourists are admitted every 15 minutes. They don't dare charge a dime.
The blue-robed printers below us are a devilish crew. We note a sign above the counting-house floor:
"TOMORROW ONLY
FREE SAMPLES."
And another:
"JUST THINK HOW I FEEL
I PRINTED MY LIFETIME SAL-ARY
IN A FEW MINUTES."
An affable young guide with Ashton Kutcher hair named Derek Mohlman is leading us along. He tells us this ancient plant - and a newer one in Texas - will continue to stamp out up to 38 million $1, $2, $5, $10, $20, $50 and $100 bills a day, every day, until Ben Bernanke, chairman of the U.S. Federal Reserve, waves the white flag.
"If you have any questions about inflation," Mohlman informs us, "take it to the Federal Reserve. We just print whatever they order."
Now we see a pallet carrying two shoulder-high stacks of Franklins for delivery to the central bank, and from there, inevitably, to the oligarchs of Moscow, the sweatshops of Shanghai and the gentle lords of Tijuana.
Each pile contains 10,000 sheets of 32 bills each: that's $64 million in one swallow, or 1/218,750th of America's national debt.
It has become a popular diversion here to try to visualize the sum of $14,200,000,000,000 in comprehensible terms. For example: a mountain of $100 bills as long and wide as two football fields and stacked as high as the armpit of the Statue of Liberty.
"After the printing and checking process is complete," Mohlman joshes, "the bills are bundled and shrink-wrapped and brought downstairs to await pickup by Bill Gates."
The workshop tour concludes with the four most dangerous words in the English vocabulary: "Exit through gift shop."
Down there, I meet a 76-year-old first-time Washingtonian named Ed Urban from little Blackwell, Oklahoma and ask him what he thinks this country should do to get out of debt.
"Well, I have a lot of wild theories," says Urban, a home builder who, like nearly everyone else in this country, seems to have been waiting impatiently for decades for someone to come along and interview him.
"For example, my experience here is that the whole population spends a lot of time sitting in traffic jams, just getting mad and burning gas and wasting money. Why doesn't the government move some of these big agencies to smaller towns?"
"Because then they would be BIG towns, Ed," I venture. But Urban is unswayed. He's a tall gent, with a belt buckle the size of Tulsa on his trousers and, he confides, more than a $1,000 dollars in sawbucks and C-notes in his pocket.
"Whenever I go to Vegas or come East," he says, "I roll up enough to get by."
"Here's another crazy idea," the elder Sooner theorizes. "All our jobs and our manufacturing have gone overseas. Wouldn't it make sense to pay a little more for a shirt or a cellphone or a pair of shoes and keep those jobs at home?"
Over by the souvenir counter, which offers Ben Franklin neckties and Christmas ornaments made from shredded fifties, I meet a young couple named Pickens from Sacramento, California: Jonathan's a firefighter and Amy's a traumaroom nurse. They've got about a $140 between them, but plastic gets them by.
"You just CAN'T keep printing money," Amy says, a plea that is ignored by the shop-floor workers in the blue smocks, all of whom are wearing earplugs. "It just decreases the value of the money that we already have."
Amy has been to Washington before, but it is Jonathan's first time and he admits that he choked up when he saw the original Star-Spangled Banner at the Smithsonian's Museum of American History.
They tell me that they are registered Republicans with a healthy distaste for welfare, Medicaid, Food Stamps and other programs that, they say, waste billions of good, green dollars and encourage a culture of sloth.
"People get paid not to work and they get medical care for free and they still abuse me and yell at me and hit me," Amy says. Then she notes that one of her own relatives has stopped searching for a job because it would deprive her of unemployment insurance and food stamps.
"My dad never earned more than $30,000 a year doing construction," her husband nods. "But he never put us on welfare. Friends would bring us groceries. The deacon of our church would help us buy food."
This week's news that the Department of Justice paid $16 each for muffins to be served at a seminar in 2009 just adds to the tourists' indigestion. But at the Bureau of Engraving and Printing, the gripes of a bankrupt populace can't be heard over the roar of the machines.
"We all want to see our factories get back to production again," Jonathan Pickens is saying, "but our production can't just be the production of more government."
Source http://www.ottawacitizen.com/
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