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The American secret service, the CIA, could be responsible for manufacturing the nearly-perfect counterfeit 50 and 100-dollar-notes that Washington pins on the terror regime of North Korea. The charge comes after an extensive investigation in Europe and Asia by the Sunday edition of the Frankfurter Allgemeinen Sonntagszeitung of Frankfurt, and after interviews with counterfeit money experts and leading representatives of the high-security publishing industry.
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.
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.
Until 1963 all United States currency stated that its value was "Payable to the Bearer on Demand," which reflected the circumstance that real money was originally considered to be gold or silver coin, not a paper document. In that year, however, when Silver Certificates were discontinued and the first $1 Federal Reserve Note and the last $2 and $5 United States Notes were issued, the ancient formula was deleted from the new series. A year later the last silver was eliminated from United States coins. Thus paper and tokens became United States money. This entire process, starting with the New Deal, or perhaps even the Civil War, and culminating in 1963, was unconstitutional. Article I, Section 10, Paragraph 1 of the United States Constitution says, "No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts." So the question is, if the States can't do it, this must mean that the Federal Government can. No... The Tenth Amendment says, "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people." The Constitution, as it happens, does not "delegate" the power to "make any Thing but gold and silver Coin a Tender in Payment of Debts" to the Federal Government. Therefore, government at no level has the power to make anything but gold and silver coin tender in payment of debts. James Madison himself called paper money a "wicked scheme." It is, when its purpose is to inflate debts and license fiscal irresponsibility by government (the greatest debtor). That is the kind of government we now have.
Originally posted by RetinoidReceptor
The US isn't dropping against every currency. The only currency it is really dropping against is the Euro (the dollar is doing well against the Yen). And there are many more reasons to that other than just debt.
Countries aren't converting all their dollars into Euros. They are diversifying their reserves, which all central banks have done iver the course of almost 100 years or more.
So there goes your argument.
How Dangerous is the Dollar Drop?
By Christian Reiermann
Is an end of an era looming in the foreign exchange markets? The dollar has been depreciating against the euro for weeks. Currency experts and the German government don't yet see this as cause for alarm. The US currency's role as a lead currency isn't as important as it used to be, they say.
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
From United States Constitution, Artlcle I Section 8 (The Powers of Congress)
Originally posted by shots
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. 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.
further backed up by
Fed Break up Chinese Gang that Trafficked N. Korean "Supernotes"