Posted on 11/03/2006 10:31:30 AM PST by KeyLargo
Gee, in circulation for more than a decade. Who could have been U.S. president back then?
Paper money should have a barcode of the serial number in place so it can be scanned just like lottery tickets. The computer could verify that S/N and whether it has been used outside a certain radius within a too short period of time. Also it could tell if the note has been used more than what would be expected in a normal day...........
This means these aren't the new anti-counterfeiting bills.
Unfortunately, we have a ways to go before we can retire the old bills....
And he didn't care.
It is remarkable that North Korea, a relatively unsophisticated country, and generally not that advanced technologically, should have developed counterfeit currency that almost always evades detection. In most areas outside the US, probably more counterfeit US currency is circulating, in larger denominations, than genuine currency within the US. This may be enough to affect our rate of exchange negatively on a worldwide basis.
Nazi Germany used a similar tactic during the Second World War, but they made an error when they distributed the notes by air drop over England.
The Germans copied the 10-pound note quite precisely, with engravings that so closely duplicated the originals so exactly they could not be detected under a microscope. They even duplicated the exact same paper, using the linen content, and the porosity, and the feel of the paper.
But the notes never really looked right. Because the rag content of the paper, used by the English, was simply the old dirty cloth, and the notes looked a little darker and less crisp. Germans being Germans, they laundered the rag content FIRST, resulting in a brighter, and somewhat more crisp, printed bill. Compared to a genuine note, the counterfeits were obvious.
The Germans never caught on.
Great! Then the government can keep track of every dollar we spend, along with our web surfing, driving, telelphone calls, email and medical records.
I feel so much safer already!
No personal info is encoded in the bill's s/n. It has no idea what it's being spent on, or by who. The same procedures are used by your creditcard company every minute of everyday and THEY DO HAVE THAT INFO!..........
Another great idea! Make cash so bulky and inconvenient that no one uses it. Lets see, in my grandfathers day $500 adn $1000 dollar bills circulated freely.
Given the rate of inflation that $1000 bill from 1920 would need to be a $10,000 bill today to have equivelent purchasing power.
Or to reverse the calculation, if we had implemented your plan in 1920 the $2 bill would have been the biggest denomination at the time.
I think this is a good analogy for the downward trend of our culture. If anyone had suggested that the government print $2 bills, or even $10 bills (the equivelent of todays $100 bill) they would have been laughed at.
Oh well time to go stand in line and present my government issued ID for a formerly anonymous service.
Home of the FREE. My ass.
Interesting about the Germans - learn something new every day. Actually I learned two things - that when it SAYS "rag" content it MEANS rag content!
True, but you take money out of an ATM and it is certainly possible that the records are retainied. If all cash registers used the scanners it would be trivial to track individual bills.
If I were the President, I'd pull out all the stops to find out for sure if this was the use, and if so I'd make sure that the entire building was destroyed completely and suddenly, and I'd order it done when it was as full as possible so as to eliminate the counterfeitting expertise along with the plates and machines. Any complaints would be answered with "it was a defensive action, and we'll do it again to either North Korea or ANY other nation which counterfeits our currency."
I haven't used an ATM in nearly 10 years...........
Plus, only the larger bills need to be verified, $20,$50,$100. They are the ones most counterfeiters cherish. And also, the transactions themselves need not be kept track of only the bill being used at place date and time. If the same s/n is used 2 minutes later 10 miles away, then BINGO! you have a winner!............
If we had stuck to the Constitution's requirement that only gold & silver could be money, counterfeiting would not be a big problem.
Sheesh.
The United States gave the Shah of Iran the same printing press used to print $100 bills.
Ecconomic warfare is the same as armed warfare. This is just another front.
Read on for subsequent posts and explanations..........
With this type thinking you will be happier at DU. Conservatives don't think your every move should be tracked by big brother.
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