Just in case you missed this little tidbit of, what i believe to be, vitally important news here it is again, this time with some analysis for your consumption. The Peruvian police have seized 2.3 million dollars in counterfeit U.S. currency, mostly in $50 dollar bills, before it was able to be smuggled out of Peru and into the United States. The money was hidden inside of crap souvenirs that were on their way to out-of-the-way gas stations and truck stops I’m sure. The funny money was probably going to be unloaded well before that and probably inserted into the cash pool in a major metropolis like Dallas, Los Angeles, Chicago, or New York. The bigger the place, the easier it is to dump the cash.
Here is the real catch though, this isn’t the first time this year that these Peruvian gangs/clans have been caught trying to move counterfeit bills. In July another group was caught with $2 million is fake U.S. and an additional 1.5 million in counterfeit Euros. Now the question remains if they are catching this much of the stuff, how much is actually getting through the border and entering circulation in the United States. This isn’t the first time I’ve touched on this either. See counterfeiter tries to pawn fake bills instead of spending them. wherein I talked about the state sponsored counterfeiting North Korea engages in.
This is where the economic terrorism comes into play. Yes, there are people attempting to get this cash into the flow so they can eventually extract good currency for bad and go ahead and make a few bucks. But, the insertion of bad currency into a monetary system not only weakens the monetary system it also casts doubt into the system, undermining the overall perceived value of the money. This is one of the major problems with a fiat currency like we, and most of the rest of the world have, when the people stop believing it has some value then it starts to collapse the economy. Any action taken by a state or group that weakens the currency would then be seen as an attempt to purposefully crash the system, hence the terrorism charge.
Okay, yes it is Friday and you are wondering where the fun part is. Sorry, it can’t all be lemon drops and ponies, but I will drop a link in right here ===> http://www.secretservice.gov/know_your_money.shtml which will take you to the USSS page to investigate our money and the last link on the page http://www.secretservice.gov/KnowYourMoneyApril08.pdf will actually show you the ways to determine if your bill is counterfeit or real without using one of those iodine pens all the stores get and none of the clerks know how to use correctly. Then you can have fun the rest of the day going through your bills examining them, comparing them to the charts. I don’t want to hear your whining, it is my idea of fun and this is the stuff I know so pttttth!