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Press Used To Print Millions of US Banknotes Seized In Quebec
An anonymous reader writes "The Canadian Royal Mounted Police report: An offset printing press used to manufacture counterfeit $20 banknotes was seized by the RCMP and US Secret Service. This significant seizure was made earlier today in the Trois-Rivières area. The authorities had been looking for this offset press for several years. A large quantity of paper was also seized by police, that could have been used by the counterfeiters to manufacture from $40-$200 million. The very high quality counterfeit notes were virtually undetectable to the naked eye. Some of the features they had were uncommon, including the type of paper used, which was especially made with a Jackson watermark and a dark vertical stripe imitating the security thread found in authentic notes."
They were printed in both English and French, to avoid breaking Canadian bilingualism laws.
Now if we could just stop our government from printing themselves money.
switch to australian made notes, i'd like to see them try and replicate those notes!
Fed doesn't even bother with the paper - just pushes some buttons, and *magically* $4 billion pops out into the system *every day.*
Except they call it Quantitative Easing instead of its actual name, counterfeiting. Cuz they're economists, you know.
The pot calling kettle black. I wish we all could like FED print money instead going to work.
Why would you ever want to check your money too carefully for being fake? You can only guarantee yourself lots of hassle if it turns out to be fake. ... for everything else, there's Bitcoin.
If only there was a digital currency that didn't have this problem...
US money is basically ordinary paper, just with feces and crack on it. So not the hardest thing to counterfeit.
If you suspect you have government printed currency, you should send it to me, flyneye.
I will inspect it for bugs, flaws and make sure it works.
Bulk, no problem, will pay shipping fees or postage for large amounts.
Be safe, be sure, send your money to flyneye.
*Repent!Quit Your Job!Slack Off!The World Ends Tomorrow and You May Die!
Canada hasn't been annexed quite yet ... I'd be curious to know why yet another American agency operating in yet another 'friendly' country? Even if they were printing American dollars, you'd think the Canadian police could handle a bust within their own borders.
Couple of criminals bested by another lot of criminals.
The majority of counterfeit bills aren't embossed. It's one of the easiest tips offs. Ink lays on top of genuine bills making them easy to feel the difference.
09 F9 11 02 9D 74 E3 5B - D8 41 56 C5 63 56 88 C0 45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B2
Quebec has been trying to separate from Canada for years. This is part of their master plan to print their own currency.
Mean what you say...say what you mean.
what's wrong with the odd counterfeiter making high quality fakes, just as long as we all (not just we in the US, but everywhere that US currency is circulated) share in the mutual hallucination?
"I don't know, therefore Aliens" Wafflebox1
When I first read this story I was amazed to read that someone was still using a printing press to print phony money. I thought only the North Koreans did that because their fakes are printed using the intaglio printing method, the same one used by the U.S. Bureau of Engraving and Printing to print American money. You're not going to get that from an offset press.
It's really quite a simple choice: Life, Death, or Los Angeles.
They just call it paper. The other stuff is open for discussion.
And ultimately, that is all you really need to do. Fool the guy at the store counter, which isn't all that hard.
Once it gets back to the bank and is detected, you are long gone.
---- Booth was a patriot ----
Comment removed based on user account deletion
Now if we could just stop our government from printing themselves money.
Why?
When interest rates are at 0%, and the politicians can't be bother inducing demand via stimulus spending/fiscal policy, the only way left to get the economy going is monetary policy. The Japanese have had 0% interest rates for decades, and have printed money a lot as well, and they've had deflation.
In science you pick the model which makes accurate predictions. The Austrians, gold bugs, and folks from the Chicago school of thought have been yammering on about inflation for years. The Keynesians (IS-LM folks) have been saying it won't/isn't because of the circumstances we're in. Who has been right? Which model has turned out correct over the last five years?
Of course that doesn't mean you can print money whenever you want, just in particular circumstances (which the US happens to be in):
Running deficits and printing lots of money are inflationary and bad in economies that are constrained by limited supply; they are good things when the problem is persistently inadequate demand. Similarly, unemployment benefits probably lead to lower employment in a supply-constrained economy; they increase employment in a demand-constrained economy; and so on.
http://krugman.blogs.nytimes.com/2014/02/01/macroeconomic-populism-returns/
They Keynesians have been correctly predicting things. Their model works. By this point, if you're scientifically minded you, should be dropping other models as their predictions were wrong.
They are the Royal Canadian Mounted Police and are the equivalent of the Federal Investigation Bureau in the U.S.
So someone is trying to take over le Trois-Rivières area? with a counterfeitprinterantor, eh?
Did anyone spot an ornithorynque wearing a fedora and assisting the Mounties?
Recycle PCs and build a wireless community network www.hillsborough.org.nz
at which point central banks control the BTC money supply, so why bother?
In that world, someone running bitcoin running software needs to be illegal, but that law preventing uncontrolled money creation would be impossible to enforce.
This is the biggest problem with crypto currencies IMO: money creation policy should be a political question, not a technical one.
What happens when (not if) someone figures out how to counterfeit [a crypto currency]?
It may be already the case, who knows?
"I mean, we can all agree that Timothy Geithner was a cartoon character, and Jack Lew looks like he fell out of a comic book, but signing the notes 'Cerebus the Aardvark' was quite a provocation," stated U.S. Government Spokesman Wile E. Coyote.
Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
Intaglio does NOT engrave the NOTE. With intaglio, the PLATE is etched, and the ink deposited into the depressed/etched areas. The PAPER is then laid over it, and a roller is used to make contact between the paper and the upper surface of the ink. The paper pulls the ink away from the plate, leaving a raised layer of ink on the paper. You may perhaps be thinking of embossing or debossing, where the surface of the paper itself is altered.
The paper is highly specialized. How did the obtain vast quantities of it, and from whom? Therein lies the tale.
Yes, US currency is an anachronism is the era of plastic banknotes,etc.
But the killer app of US banknotes (as long as I've been alive) is the wee teeny threads of red and green (and maybe blue?) that are randomly interspersed in the paper medium.
That is *extremely* hard to replicate. Did these quebec faux-banknotes have that? I suspect not.
As a nightclub owner for the past 20 years, I've personally examined every $100 note that's passed thru my venue. It does take a minute to locate those threads; longer to be sure of their absence. If you verify those threads (around .6cm length, curved, on average) it's unprecedented that this individual banknote is counterfeit.
w
What does a state (or country) have to do to get a laugh around here?
Todd Akin and Claire McCaskill aren't anymore?
Can't you at least let one thing continue to be manufactured down here?!?!?
I did not realize there was such a thing as pedantry of counterfeiting. I stand corrected, hats off to you good sir or madam.
.
Just saying the words "counterfeit money" is illegal?
The Russians have won. They have made the world a cesspool of distrust, greed, fear and hate.
Our reserve bank and note printing arm is well known for it's ability to bribe, even the those that have unlimited supply of money.
http://www.afr.com/p/national/probe_sought_on_new_rba_bribe_scandal_mVt5dvqtnWuNl8M4i7kmhM
What is the difference if you print it in your basement and give it to your friends, or the Federal Reserve giving it to their cronies?
Oh I know, competition is a sin.
Got Geometrodynamics? Awe, too hard to figure out? Too bad.
How is this marked insightful when all the points made are the exact opposite of reality?
1. Comparing the American recovery to Europe is like asking who makes the best gourmet dinner - McDonald's or Burger King. The American recovery has been the weakest, slowest recovery of any recession in the post war era, while having the greatest Government intervention. Hmmm
2. Japan has a 4.5% unemployment rate and among the highest standard of living in the world, can you tell me just what problem they are trying to solve?
And they "started growing almost immediately after the central bank and the government decided to be 'irresponsible". Why is their trade deficit exploding if they are "growing" so rapidly. I will bet you any amount of money the unemployment rate rises now that QE has started in earnest in Japan.
3. China - Its called "The low hanging (economic) fruit"
4. "Inflation hurts 1%-ers". I just about fell off my chair laughing. Yes tell that to all the 1%-ers crying about their prime-real estate exploding in price, along with their stock portfolios. As someone working hard to become a 1%-er, I consider inflation my BEST FRIEND.
Inflation transfers real wealth from workers, to the owners of capital. Asset and consumer prices go up, wages don't. The top 10% own ~80% of the capital stock, therefore inflation transfers wealth from the poor to the rich.
Nobody should accept them anymore. There are way more fake ones in circulation than anyone can even imagine. Hundreds of trillions more.
An earlier post had:
"They Keynesians have been correctly predicting things. Their model works. By this point, if you're scientifically minded you, should be dropping other models as their predictions were wrong."
That is a pathetic statement..... how many "Keynesians" correctly predicted the crash of 2008?
All the Keynesians have done is DELAY the inevitable collapse of the USA.
By DELAYING the collapse, it will only make the collapse worse.
One day the Chinese will stop accepting the US Dollar..... when that happens the USA will collapse.
The US Federal Reserve exists to give easy money and easy profits to the owners of the US Federal Reserve... the banks "own" the US Fed Reserve, not the people of the USA. Eventually their scheme will collapse, destroying the USA in the process.
If it avoided a lot of expensive layoffs, expensive rehiring, and "wastage" of people that decided to never work again after such a shock then it had a lasting effect on the economy. That's apparently what it was supposed to do. Whether it actually did it or whether those jobs would not have vanished without it is a matter of speculation.
A couple of months with no sales is more than a lot of places can deal with. If there was a gap then plenty would have fallen in with no chance of getting out again.
E.g., as in the case of the North Korean government (allegedly) counterfeiting U.S. currency. Perhaps you meant to say that it is illogical for a government to counterfeit its OWN money?
Since the federal reserve is a private institution, wouldn't printing new bills be copyright infringement? Furthermore, since the copyright symbol was left off and it was commissioned by the goverment doesn't that mean it's public domain?
What's the value of a copyleft currency? Wouldn't that be just another fiat currency like any other?
I thought it was the North Koreans who were printing perfect copies of $20 bills? Now we find out it's being done in Canada? These presses aren't cheap, so who was behind this scheme? Inquiring minds want to know.
In God We Trust, eh?
I think you slipped up with your sockpuppet accounts there...
Oh, wait. . . . . er, never mind.
So how far are 3D printers from being capable of printing counter-freight printing presses... I would guess that might tick more people off than print-a-gun did. I would guess making print plates should be really easy these days, some computer graphics and CNC milling and hey presto - done. I would guess duplicating all the security feature processes are not that hard, just that information about the processes is not public. So if you want to tank competing nations economy just research their banknotes, post processes on piratebay - done.
Royal Canadian Mint Police :]
It's the Royal Canadian Mounted Police you insensitive clods...
Federal reserve and US Government makes fake money, so why should these guys be any different?
Everything from the government is supposed to be published in english and french.
And it is: english version, version française.
Get free satoshi (Bitcoin) and Dogecoins
Just as Bernanke retires, they found his printing press in Québec.
... think of it as "crowd-sourced quantitative easing".
There's no time like the present. Well, the past used to be.
I'm really surprised that no one has mentioned this yet. Maybe I missed something, but since when does the US Secret Service have jurisdiction in Canada? I would have thought that the RCMP would have confiscated the press and turned the bills over to the Secret Service. (Btw -- I'm an American asking this...)