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No Ordinary Counterfeit [North Korean $100 Bills]
The New York Times ^ | July 23, 2006 | By STEPHEN MIHM

Posted on 07/23/2006 8:19:04 AM PDT by aculeus

On Oct. 2, 2004, the container ship Ever Unique, sailing under a Panamanian flag from Yantai, China, berthed in the Port of Newark. [snip] ... F.B.I. and Secret Service agents, acting as part of a sting operation, gathered around the container and cracked it open ... they found counterfeit $100 bills worth more than $300,000, secreted in false-bottomed compartments.

The counterfeits were nearly flawless. They featured the same high-tech color-shifting ink as genuine American bills and were printed on paper with the same precise composition of fibers. The engraved images were, if anything, finer than those produced by the United States Bureau of Engraving and Printing.

Counterfeits of this superior sort — known as supernotes — had been detected by law-enforcement officials before, elsewhere in the world, but the Newark shipment marked their first known appearance in the United States, at least in such large quantities.

[snip]

The arrests also prompted a more momentous accusation. After the indictments were released, U.S. government and law-enforcement officials began to say in public something that they had long said in private: the counterfeits were being manufactured not by small-time crooks or even sophisticated criminal cartels but by the government of North Korea. “The North Koreans have denied that they are engaged in the distribution and manufacture of counterfeits, but the evidence is overwhelming that they are,”

[snip]

The counterfeiting of American currency by North Korea might seem, to some [like the New York Times? -ed], to be a minor provocation by that country’s standards.

[snip]

But several current and former Bush administration officials whom I spoke with several months ago maintain that the counterfeiting is in important ways a comparable outrage. ... counterfeits, by creating mistrust in the American currency, posed a “threat to the American people.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Extended News
KEYWORDS: actofwar; axisofevil; counterfeit; counterfeiting; geopolitics; hijackingbygoldbugs; koreanwar; northkorea; orgainisedcrime; smuggling; threadhijack
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To: rahbert
gold would wear out our pockets faster..<<

Ill take that burden off your hands...
HERE'S A STANDING OFFER FOR EVERYONE HERE TO DOUBLE THERE MONEY!!!

EASY MONEY...LOTS OF IT!
Send me (2) pre-1964 silver quarters....50 cents!...and I'll send you a crisp $1 dollar federal reserve note!!...No questions asked!!
81 posted on 07/23/2006 12:10:21 PM PDT by M-cubed (Why is "Greshams Law" a law?)
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To: Cringing Negativism Network
ROFLMAO !
I just finished cleaning off my keyboard and screen. Now I know just how uncomfortable it is to pass beer through one's nose.
82 posted on 07/23/2006 12:32:25 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE IT CONTROLS THE ARGUMENT.)
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To: Valpal1

Do they all have the same serial number?


83 posted on 07/23/2006 12:40:36 PM PDT by Kenny500c
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To: All

84 posted on 07/23/2006 12:44:58 PM PDT by monkapotamus
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To: monkapotamus

Is it just me or has Ill aged 30 years in the past 10?


85 posted on 07/23/2006 1:10:23 PM PDT by Dosa26 (p-q4)
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To: Dosa26
"Is it just me or has Ill aged 30 years in the past 10?"

That can happen when one is so ronery.

86 posted on 07/23/2006 1:12:42 PM PDT by monkapotamus
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To: monkapotamus
That can happen when one is so ronery.

I think he's ready to crack. This last missile salvo was bravado to scare the S from interferance and he will soon announce that "peace" should rein in Korea. Reunification, peacefully with a way for him to save face.

87 posted on 07/23/2006 1:21:55 PM PDT by Dosa26 (p-q4)
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To: Dosa26

Well, we got a real one from the bank doing the training on the differences which had a "supernote" on loan from the treasury department for the training.

Our bank is very proactive in training small business owners, which is why we bank there. We take in a lot of hundreds (auto repair) as payment, so we try to stay current.


88 posted on 07/23/2006 2:25:33 PM PDT by Valpal1 (Big Media is like Barney Fife with a gun.)
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To: Kenny500c

No. scary huh?


89 posted on 07/23/2006 2:26:25 PM PDT by Valpal1 (Big Media is like Barney Fife with a gun.)
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To: rahbert
gold would wear out our pockets faster..You may be right...Carring around 4-5 lbs a gold can be rough on the pockets...
90 posted on 07/23/2006 3:53:19 PM PDT by Iscool
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To: Michael.SF.

I pack ( twenty foot Equivalent Units) TEUs in Malaysia, I make 10 dollars a day and a nice korean man offers me 1000 dollars to add ten boxes to the TEU. They look just like all the other boxes and I just half to look the other way.

So even if the TEU comes from a port we know with good bills of lading guess what, contraband is in the 95 % we don't look at.

Have a nice day


91 posted on 07/23/2006 6:25:30 PM PDT by reluctantwarrior (Strength and Honor, just call me Buzzkill for short......)
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To: Polybius

Does the image on the front of that bill show the Great Monster, or is that his son, the Dear Monster?


92 posted on 07/23/2006 10:13:33 PM PDT by TChad
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To: aculeus

Which left wing group was the intended recipient?


93 posted on 07/23/2006 11:08:29 PM PDT by bad company (When Chuck Norris goes to bed at night, he checks his closet for FReeper kanawa)
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To: reluctantwarrior
guess what, contraband is in the 95 % we don't look at.

You imply that I denied that, I did not.

You have a nice day too.

94 posted on 07/24/2006 7:30:31 AM PDT by Michael.SF. (The problem with socialism is that eventually you run out of other peoples money -- M. Thatcher)
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To: Restorer
Seems like a pretty small-time shipment to be a government operation. They could just as easily have shipped $3M or $300M.


I suspect printing the notes is the easy part. Getting them in circulation is the difficult part. There are few places you can put down millions of dollars in cash, and not get a few questions. Even if not at the time, the investigation would eventually get back to the source.

So you would need to spread out the risk, and wash those notes all over the place. I had heard one of the hardest task the mob has, is converting "dirty" money to "clean" money. Which is why they establish front businesses that appear on the surface clean, but are really just a way to clean up their money.

Trying to pass millions of dollars in the United States would be difficult. Which is why most of that sort of money is passed in Europe or third world countries.

Besides, this may have just been a test run.

95 posted on 07/24/2006 7:48:57 AM PDT by CIB-173RDABN
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To: Cringing Negativism Network

Whoa...Hold your horses, Your thinking too fast.

First of all even Small Time and Cartel Affiliated Counterfeiters wouldnt touch their money.

Second, Their currency is the lowest of the low, So your pratically wasting your time and giving more pain to the people who are already in hell with Lil' Il.

Third, Their currency is only good to wipe your ass with because if you where going to bank to have NK Won traded for USD, They'd probably wouldnt even accept it, Hell they probably wouldnt even trade their money in the first place.

The best solution would actually be getting these people out of their...Too bad there are obstacles.


96 posted on 07/25/2006 9:47:32 PM PDT by Petey139
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