Posted on 08/21/2010 4:21:28 AM PDT by davidosborne
The superdollar is back folks! Another hit on the US financial crisis. Yesterday I wrote a piece in the epidemic of credit card fraud. Now we are getting hit with "superdollars". Flooding the market! If you don't recall the "superdollar" is a fake US 100 dollar bill manufactured in North Korea and elsewhere.
Aparently the quality is so good that they are making there way INTO ATM machines!
Lol “betting” on a casino. The odds are not good. I won’t take that bet. Lol
Great research mewzilla. Give it a month and you will see more cases than you can imagine.
I’ve noticed clerks in our local Wallys giving c-notes the hairy eyeball, so Wally seems to be pretty concerned.
Yupper !
In Las Vegas it's pretty common, and the volume is tremendous (it may as well catch fire and burn coming out of some of those casino machines!)
But the casino money is a major segment of our economy! Ugh!
What the heck, all of the money the US has been minting in the last 2 years is counterfeit anyway...
Lol. Maybe true. But the fed likes to be exclusive manufacturer. Lol
“What percentage of retail transactions over $100 are for cash?”
Well.... a large percentage could be for the purchase of firearms and ammunition.
Especially firearms of the `unpapered’ variety......
;^)
Question. Does the “Super Bill” pass the sharpie marker test that cashiers often check with? If so, just how in the heck can these things be detected?
So how do we common schlubs tell the fake ones if the banks have trouble? Seems those “old, dead, white men” had the right idea all along - gold and silver, and no national bank or fiat script.
Buying a used vehicle from a private party. People want cash (and you want to take cash) because of so many bad checks out there.
Agreed. Working in a bank, both cash and plastic are far safer than checks.
I do not purport to be an expert on the matter but my understanding is the marker is testing the paper. So if the process involves “upgrading” a smaller REAL note to a c-note than I would have to assume that it would pass the marker test. Any FReeper experts out there that can answer that definitively?
When I travel overseas (though not lately as I am unemployed), I was always told not to accept $100 bills of the series numbers of the false notes are $CB /2001, as they are fake.
In general, I avoid large bills whenever possible.
North Korea has been doing this FOREVER.
It is not a secret.
If I sell something “large” to a private party I go with bank to bank wire or cashiers check from MY bank not theirs. They can buy a cashiers check at my bank with their cash. The bank accepts responsibility for the cash and deposits the cashiers check into my account.
Anyone here remember that picture of the stacks of sheets of bills in Lebanon a while back? It was during the Lebanon/Israel war in ‘06(?). It showed a bunch of rubble in what was called a “financial center” and in the rubble were stacks of paper sheets on which there appeared to be the front images of $100 bills. IIRC, the bills were four across the sheets. There was much discussion of this here at FR at the time, but my computer fried a while back and I lost my links. Any help appreciated.
New atm by one of the Major banks.
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