North Korea Attacks U.S by Counterfeiting $100 Bills - Fools Experts!

[qh4dotcom]

http://www.wnd.com/index.php?fa=PAGE.view&pageId=193917

[Stary Hickory]

Well it's offical North Korea has sunk to the level of the Federal Reserve.

But hey isn't quanitative easing a good thing? Maybe North Korea is just trying to stimulate the economy and even things out. Keynes would be proud of the valiant efforts of the North Koreans who are obviously trying to save America via quantitative easing.

[Original_Intent]

Well it's offical North Korea has sunk to the level of the Federal Reserve.

But hey isn't quanitative easing a good thing? Maybe North Korea is just trying to stimulate the economy and even things out. Keynes would be proud of the valiant efforts of the North Koreans who are obviously trying to save America via quantitative easing.

Awesome, just what I wanted to say! :D

[Lafayette]

I think the question is, can the North Koreans grow beards as sweet as old uncle Ben?

[Pericles]

And that would probably be the most productive segment of North Korea's economy.

[Imaginos]

Well it's offical North Korea has sunk to the level of the Federal Reserve.

:D

[Deborah K]

Oh Goodie! Now they can use thisas an excuse to help usher in a cashless society.

[pcosmar]

Oh Goodie! Now they can use thisas an excuse to help usher in a cashless society.

They have been on a steady march toward that goal regardless.
The "new" bills with their anti-counterfeiting measures (how much did that cost?) were defeated and counterfeited within months.
:(

[tasteless]

So you mean to say they are taking materials of value and turning it into something that is worth nothing by doing something that people claim the fed isn't doing enough of?

[pcosmar]

So you mean to say they are taking materials of value and turning it into something that is worth nothing by doing something that people claim the fed isn't doing enough of?

lol.

Yup, That about nails it.

[Krugerrand]

I seem to remember this being an issue brought up under Bush or Clinton sanctions.

I found this from 2005:
http://articles.latimes.com/2005/dec/12/world/fg-counterfeit12
Counterfeiting Cases Point to North Korea
Pyongyang is accused of being behind a growing effort to print and move rafts of U.S. $100 bills.

[Krugerrand]

Here's a NYT story from 2006 discussing it happening in 2004.
http://www.nytimes.com/2006/07/23/magazine/23counterfeit.html?oref=slogin

I'm not sure if it's something the US complains about when they want sanctions or if N. Korea turns the presses back on when they aren't getting what they want.

[pcosmar]

Remind me again.
How many crates of $100 dollar bills were collected in Iraq. I remember seeing it reported and and then the story "went away".

How Much? Where did it go?

Just another,
http://www.gitsiegirl.com/wp-content/uploads/2006/02/lost%20red%20herring.gif

[akforme]

I seem to remember this being an issue brought up under Bush or Clinton sanctions.

I found this from 2005:
http://articles.latimes.com/2005/dec/12/world/fg-counterfeit12
Counterfeiting Cases Point to North Korea
Pyongyang is accused of being behind a growing effort to print and move rafts of U.S. $100 bills.

That's what I was thinking. I remember hearing about this a long time ago.

[Original_Intent]

http://i210.photobucket.com/albums/bb17/Denryu/HelicopterKim.jpg\

:D

[Zippyjuan]

Remind me again.
How many crates of $100 dollar bills were collected in Iraq. I remember seeing it reported and and then the story "went away".

How Much? Where did it go?

Just another,
http://www.gitsiegirl.com/wp-content/uploads/2006/02/lost%20red%20herring.gif

There were some people taking the old, worthless Iraqi currency, bleaching it, and printing US dollars on top. I actually got a $5 bill this had been done to in change at a race track- gave it back. The watermark portrait was not Abe Lincoln. They were pretty easy to spot.

[Anti Federalist]

Oh Goodie! Now they can use thisas an excuse to help usher in a cashless society.

My very very very first thought.

Ah shit, we're doomed.

[pcosmar]

There were some people taking the old, worthless Iraqi currency, bleaching it, and printing US dollars on top. I actually got a $5 bill this had been done to in change at a race track- gave it back. The watermark portrait was not Abe Lincoln. They were pretty easy to spot.

I was thinking more of this,

http://cnettv.cnet.com/soldiers-fortune/9742-1_53-50040701.html

And there were other "finds".

Also there is this.
http://www.dailymail.co.uk/news/worldnews/article-1298052/U-S-authorities-account-8-7bn-allocated-rebuild-Iraq.html

Just another blip on the news cycle.

[torchbearer]

no one can top the fed when it comes to the destruction of the dollar. north korea doesn't have enough money for the ink to keep up.

[oyarde]

Since 1989 , the Secret Service estimate is more than 45 million dollars of fake 100's have been put into circulation.

[torchbearer]

Since 1989 , the Secret Service estimate is more than 45 million dollars of fake 100's have been put into circulation.

give me a ratio to the amount of reserve the fed created since the housing crash.

[KCIndy]

....and in other news, the new fake $100 bills from North Korea are selling on eBay for $150 as a collector's item....
:)

[Deinonychus]

Is the Federal Reserve attacking the US too? I mean, they make counterfeit $100s everyday.

[oyarde]

....and in other news, the new fake $100 bills from North Korea are selling on eBay for $150 as a collector's item....
:)

Rumor is , you can get them for $70 from any North Korean official.

[james1906]

I wonder if the banking system of NK has more transparency than ours.

Paul il-Ron of the Supreme People's Assembly has demanded the North Korean currency be backed by something of value, like statues of the Dear Leader and empty hotels.

[PreDeadMan]

They gave the us a lot of monopoly money.... hm... I thought that's what we had already as money.. fiat monopoly money currency!..

[silverhandorder]

It is hilarious how they suggest that 45 million in currency inflation is disastrous for economy. Can you imagine what billions are doing then?

[oyarde]

It is hilarious how they suggest that 45 million in currency inflation is disastrous for economy. Can you imagine what billions are doing then?

I agree completely. Except it is not the billions. It is the trillions.

[Brooklyn Red Leg]

Well it's offical North Korea has sunk to the level of the Federal Reserve.

LOL! Yep, sad but true. Funny when Bernanke does it, he's 'creating wealth', but when North Korea does it (or someone in their basement), its counterfeiting.