Counterfeiting supporting NKor regime
| Review article in TIME, I have drastically re-ordered reporting sequence: |
'Superdollars' is a term used by the US Secret Service to describe counterfeit $100 and $50 bills so accurate that only specially equipped Federal Reserve banks can identify them. A European investigator said, "Superdollars are just U.S. dollars not made by the U.S. government."
|Thank you for doing that; you are the far better writer compared to the Time hack.|
North Korea apparently possesses the same kind of intaglio printing press (or presses) used by the U.S. Bureau of Engraving and Printing. A leading theory is that in 1989, just before the collapse of the Berlin Wall, the machines made their way to North Korea from a clandestine facility in East Germany, where they were used to make fake passports and other secret documents. The high-tech paper is just about the same as what's used to make authentic dollars, and the North Koreans buy their ink from the same Swiss firm that supplies the US government with ink for greenbacks.
At the end of December, Ireland's high court rejected a U.S. request to extradite former Workers Party president and IRA veteran, Sean Garland, for his alleged involvement with the superdollar plot. There is also the question of what exactly the North Koreans hope to procure with all of this "money."
Estimates are the NKors make $15 to $400 million this way. Estimates are $1 trillion in cash is currently in circulation.
|Juche, perhaps, which either means heroin or independence.|
Who would be most inconvenienced if Washington were to outlaw $100 and $50 bills tomorrow?
Posted by: Anguper Hupomosing9418