Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: arthurus
There are counterfeits and there are "successful" counterfeits ~ two quite difference pieces of business.

Ordinarily counterfeits are easily caught due to the many security features now included in our money. "Successful" counterfeits are quite rare since those security features are so difficult to copy.

39 posted on 04/02/2008 8:14:49 PM PDT by muawiyah
[ Post Reply | Private Reply | To 35 | View Replies ]


To: muawiyah

I have wondered if the continual altering of US notes is because of North Korea. I think NK’s primary export for some time has been US$100 notes.


41 posted on 04/02/2008 8:17:10 PM PDT by arthurus
[ Post Reply | Private Reply | To 39 | View Replies ]

To: muawiyah
Ordinarily counterfeits are easily caught due to the many security features now included in our money. "Successful" counterfeits are quite rare since those security features are so difficult to copy.

A "successful" counterfeit is anything that the crook manages to unload without it being traced back to him. It doesn't matter if the money is detected as soon as his victim takes it to the bank if, by that point, the crook is long gone.

By that standard, U.S. currency has some problems based on the fact that a decent printer could produce a fake that would withstand a quarter-second glance, which is all some money is apt to get in some transactions. In some venues where lots of cash gets passed around (certain swap meets, etc.) it wouldn't be hard to find a vendor who doesn't look too closely at cash; even if one is caught, if one has bought and sold enough merchandise before using the funny money, one would have plausible deniability (e.g. one could claim that one must have been given the fake note by someone else--one would be out the value of the note, but could likely dodge prosecution).

IMHO, currency should include some reflective or iridescent features that are visually obvious from any angle. I have no idea if the new currency does anything like that.

48 posted on 04/02/2008 8:26:25 PM PDT by supercat
[ Post Reply | Private Reply | To 39 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson