CIA Counterfeiting US Dollars

A German paper is reporting that the U.S. Secret Service, CIA may be behind the so-called 'supernotes' that have been circulating for the past 2 decades. Recently the Bush administration blamed North Korea for this funny money. As a result of this accusation Six-Party Talks over North Korea's nuclear weapons program were suspended.



A most interesting article. Is the Bush administration creating money on their own to fund covert activities as the article suggests? This could help to explain their, spend now pay never attitude. If true, as far back as Reagan's presidency our own government has essentially been counterfeiting our own currency. I thought they had given the Fed the sole right to make money.
One need wonder no longer how black ops are funded. If they are involved in counterfeiting then what else have they been doing? This makes CIA involvement in the drug trade more believable.

I came across this the other day on www.watchingamerica.com and considered posting it then but was on the way out the door so I passed. I am glad to see it got up here. Counterfeiting money is old hat for the CIA as is drug running, arms trading and all round crappy behavior all in America's name. And people wonder why we have such a bad rep abroad. Even if its not true, the fact that the article is given crediblity speaks volumes for our own.

I'm sure this is just more German media anti-American crap.

They give no evidence of this, and the idea is truly preposterous. If the CIA or any other agency wanted to print U.S. dollars, they'd just get the press from the Department of the Treasury Bureau of Engraving and Printing and they really would be the real deal.

Plus there's simply no way a government agency other than the BEP is creating U.S. dollars like that, it would get out.

This would make sense to me if the headline said:

CIA and Corporate Bosses Counterfeiting US Dollars


This would help devalue the dollar, and make it easier for a corporate takeover of the nation.

Doing it slowly would help ensure that the real culprits are not identified.

The current focus on uneducated "terrorists" and poor developing nations as major threats shifts attention away from the real threats to America, democracy and nationhood - the international corporations who have far greater wealth, and political and military power than most nations in the world today.

Originally posted by djohnsto77
I'm sure this is just more German media anti-American crap.

Hmm. I not so sure.

The author of this article is Klaus W. Bender.

Let's see who this man is.

Klaus W. Bender
Klaus W. Bender is an economist and journalist with 30 years experience as a foreign coreespondent for Frankfurter Allgemeine Zeitung (FAZ), Germany's leading daily paper...

He also wrote this book.

Moneymakers: The Secret World of Banknote Printing
This book is about the most precious piece of paper we know, about bank-notes. Modern life would be unthinkable without them. Yet, the general public is kept very much in the dark about how they are made or who makes them. It is rarely known, for example, that despite America's technical Prowess all dollar bills are printed exclusively on German high-security printing presses using secret Swiss special inks, or that the phony 100 dollar bills, the so-called supernotes may well be printed in a top-secret printing works located just north of the white House and run by the CIA - although the US government is blaming the rogue government of North Korea for counterfeiting these bills. This book is finally lifting the veil on an industry used to absolute secrecy. It recounts the stories of a British banknote printer who, fearing the loss of his customer, informed the Egyptian secret service that the securities printing machinery the Egyptians were about to buy was of Jewish origin; of a private printer who convinced the Polish central bank that it should destroy a complete series of new, perfect banknotes which had been printed by a competitor, or of an Argentinean high-security printer who came to print genuine fake bank-notes for Zaire and Bahrain as a result of two sting operations, which smell of the Belgian and French secret service.

Moneymakers, by offering a detailed view of the banknote industry and its modus operandi, removes the industry's carefully imposed shroud of secrecy. This book has been researched over a five-year period in Europe, the USA, and Latin America. The book is based exclusively on personal Interviews and confidential mate4rial normally not accessible to outsiders. There were attempts to stop this research project.

Looks like the guy is an expert. I'll definatelly buy this book, because from 1.1.2007 Euro became national currency my country.

[edit on 10-1-2007 by yanchek]

Whatever the case, it's clear that the Federal Reserve System needs to take all the old bills out of circulation. The new notes have the color-shifting ink, microprinting, watermarks, and other new safety features (not all of which has been published), as well as the embedded thread with the denomination printed on it that appeared in some older bills.

It's a known fact that Iran has counterfeited U.S. currency, using currency printing presses we sold them before their Islamic revolution.

Are they doing this? In my experience, you still get some old bills without the new safety features from banks, even $100 bills!

Why not just set a deadline for all bills to be exchanged for new ones or else they're worthless?

[edit on 1/10/2007 by djohnsto77]

[edit on 1/10/2007 by djohnsto77]

I'm quessing if they retired all the old bills it might have a negative impact on their counterfeitting. But then again couldn't the government just give them(counterfeitters, actually themselves) the new machines and new paper? Is this how they've been financing secret operations, that seems very plausible to me. It sounds like a conspiracy. It smells like a conspiracy. Is it a conspiracy?

The really good bill they never even know about or even find.

Here is a another source for US busting scammers.

Counterfeiting Ring in Colombia

Interesting:

Police assisted by U.S. Secret Service agents on Sunday broke up a network capable of printing millions of dollars a month of excellent quality counterfeit money and arrested five suspects during a raid on a remote village in northwest Colombia, officials said.

Link

[edit on 10-1-2007 by Realtruth]

Feds maybe doing it too.

www.fdrs.org...

FEDERAL RESERVE CONSEQUENCES ON COUNTERFEITING
The Consequences on Counterfeiting American Money is the Financial Enslavement of the American People.

Let’s take a look at the consequences on counterfeiting money at the Federal level. Is someone actually counterfeiting money at the Federal level?

Absolutely, and the culprit is none other than the privately-held Federal Reserve Bank (the Fed). There are enormous consequences to allowing a corrupt group of international bankers to own what most believe to be a government run central bank.

CONSEQUENCES ON COUNTERFEITING: HOW THE FED DOES IT

The Federal Reserve Bank doesn’t have a trillion dollars to lend the Government, nor do they need it. All they do is create it, via a bookkeeping entry, and write a check to the U.S. Government as the loan in exchange for the U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank, so cashing this check is very easy. The Government now spends this newly created money into the economy by paying the Court, Postal and Military employees, etc. These consumers then deposit their paychecks in a commercial bank, Bank of America for example. The commercial banks deposit their customers’ check (newly deposited money) at their local Federal Reserve Bank and the Reserve Bank allows the commercial bank
to issue up to 33 times more new electronic money, some of which is used to cover the customers’ initial deposit.

This is called "Fractional Reserve Banking."

Something about this doesn't feel right! The American government has the Legal Right to print and coin money as needed.

Counterfit money interfers with legal commerse and is technically fradulant, in the same sense as a check written for more money then is in the account it comes from.

What could the CIA or the US possibally stand to gain from counterfitting it's own money?

It's possible, but why would they do it? The government would be Intentionally cheating itself!

Tim

I can think of one huge reason that hits everyone right in the face.


The USA is Broke. National Debt is almost 9 trillion dollars of what we know about.

Why do you think the US dollars is dropping like crazy again every other currency? Just take a moment and think about the basics.

Heck the US dollar used to be $1.50 something canadian just a few years ago and it was at that range for many years, now we are almost par. WTF?

Just look at how the dollars has fallen and how many countries are using Euros and converting dollars to Euros.

Something stinks for sure.

Originally posted by Ghost01

What could the CIA or the US possibally stand to gain from counterfitting it's own money?

It's possible, but why would they do it? The government would be Intentionally cheating itself!

Tim

Originally posted by Ghost01
Something about this doesn't feel right! The American government has the Legal Right to print and coin money as needed.
...

What could the CIA or the US possibally stand to gain from counterfitting it's own money?

It's possible, but why would they do it? The government would be Intentionally cheating itself!

Yes. And why would they go on a rampage of Federal Reserve Note design updates to fight counterfeiting? For most of my life the FRNs looked exactly the same from series to series except for the signatures and the series date. Now they seem to be changing every few years to incorporate new safety features and colors. This doesn't seem like the actions of a government that wants to make it easy to counterfeit. And it'd be far easier to divert a shipment of FRNs from the BEP than to set up a separate print shop if it was inside job.

This whole thing just doesn't make sense IMO.

Originally posted by Realtruth
I can think of one huge reason that hits everyone right in the face.

The USA is Broke. National Debt is almost 9 trillion dollars of what we know about.

Why do you think the US dollars is dropping like crazy again every other currency? Just take a moment and think about the basics.

True! However, printing fake money doesn't help us pay off the debt. The value of money is set by other things besides what is in circulation. Printing extra money would throw the whole world's economy off.

Second, why fake money, if that was the case? Wouldn't Real money make more sense?

There has to be something else going on here! This whole story stinks of foul play.

Tim

I see this whole issue as nothing more then spreading false proganda.

It is well known and I have seen mention of it on the history channel as well as media coverage. The truth of the matter is it is China and NK who may be printing the supernotes, so lets lay the blame where it belongs.

In the 1990s, Pyongyang purchased advanced high-speed banknote presses similar to those used by the U.S. Bureau of Engraving and Printing and began to print extremely high-quality copies of foreign currency notes dubbed “supernotes” by the U.S. Secret Service. The Economist Intelligence Unit estimated in 2003 that North Korea earned as much as $100 million a year from counterfeit currency.[1] In 2005, an interagency U.S. task force broke a number of North Korean counterfeit cases. The task force estimates that $45 million to $60 million in Pyongyang’s counterfeit currency (primarily in U.S. $100 bills) is in circulation today.[2]


Source

further backed up by


Fed Break up Chinese Gang that Trafficked N. Korean "Supernotes"

When you ask why the government would make counterfit money and say that it would hurt itself. The government is not one entity. The National Treasury is not the CIA.

When the CIA wants money its suposed to ask for it. That is why when the CIA is involved in covert activities it has to sell drugs or arms or create counterfit notes to make the money to fund its activities.

The CIA making super notes makes more sense to me when you think that the harder it is to discover counterfit notes, the more money CIA or FBI or whoever is running anti counterfit operations can ask for to fight the threat.

The government is in the business of business. Sometimes you need to create a war to fight it. Without the war, there is no reason for them to keep their jobs. No reason to ask for more money. No reason to stay in business.

Back to the basics again.

What do most american do if they don't have the money to pay for something?

Credit, Credit, Credit. Whether it's printing extra money or just borrowing it's all the same thing.....the USA is in huge financial trouble or the dollar wouldn't be taking such an arse whipping in regards to other currency's.


By the way, did you know the Federal Reserve is not Federal. nor the US mint, but I'm not sure on the mint.

They are not Federal they are privately held instituitions by a private group of people.



[edit on 10-1-2007 by Realtruth]

Originally posted by Realtruth
By the way, did you know the Federal Reserve is not Federal? nor the US mint?

They are not Federal they are privately held instituitions by a private group of people.

Yes the Fed is a big conspiracy topic, but since its members are all appointed by the U.S. President and confirmed by the U.S. Senate, I tend to dismiss these theories.

As far as the United States Mint, it is fully part of the United States Treasury and there's no questionable conspiracy theories that surround it.

edit:

As a side note, Americans that don't trust the Fed should use more of those Susan B. Anthony and Sacagawea dollar coins. But unfortunately (I guess) Americans prefer the one dollar Federal Reserve Note.

So if you're a conspiracist, do your part and use dollar coins!

[edit on 1/10/2007 by djohnsto77]

Looks like another "make way for the NAU and Amero" story.

Since M3 record keeping was dropped by the Fed, something significant has been afoot. Counterfiet printing adds to dollar liquidity which speeds along the process of a dollar collapse. The government has little to lose from printing near-perfect funny money with a large and growing trade deficit, if they plan to replace the dollar. When the time comes to convert all the old dollars, the funny money holders will be SOL.

North American Union - It's Coming Post Chronicle

Bush Administration Quietly Plans NAFTA Super Highway Human Events Online

The Case for the Amero Fraser Institute

Meet Robert Pastor: Father of the North American Union Human Events Online

The official website: Security and Prosperity Partnership Of North America SPP.gov

Originally posted by Regenmacher
The government has little to lose from printing near-perfect funny money with a large and growing trade deficit, if they plan to replace the dollar. When the time comes to convert all the old dollars, the funny money holders will be SOL.

This would be interesting to see happen, but it is very possible in my book.

Excellent post!

The Federal Reserve has been counterfeiting US currency for years, legally!!

All of our money is counterfeit... They print as much as they want!

Check out America: Freedom to Fascism;

The main premise of the film is that the Federal Reserve banking system has maxed out the national debt and bankrupted the United States government, forcing illegitimate taxation to be imposed. The film describes this attempt at taxation as futile, only prolonging the inevitable collapse of the American way of life.

The film starts out examining what the Fed is, how it came into being, and the affects it has on our monetary system. The film examines the motives of the people behind the curtain. Debasement is the only real cause of inflation for the USD.

It then moves on to an examination of the IRS and the constitutionality of taxes.

The film can be viewed online, legally, and for 100% free @
video.google.com...