I believe that all government-manufactured crises are just that.
Therefore, the so-called threat of counterfeiting is quite small and limited despite the breathless Secret Service pronouncements (that is, when they aren’t chasing South American hookers).
Newfangled bills are a make-work for everyone from equipment makers to print operators to the PR department to, as always, the bored, lazy, pro-government media who will put the new notes on the front page...because half of America hasn’t seen a real $100 in a while since they rely on EBT.
Two points:
1) if counterfeiting on a grand scale were a problem then they wouldn’t publicize it since it would devalue the currency through word of mouth.
2) how bad is any physical counterfeiting versus the government’s own quantitative easing, which devalues the dollar with the press of a key as billions of virtual dollars are pumped into an already inflated bubble?
#2 -
It’s ALL “counterfeit”.
I’m out in Vegas and have seen quite a few of them this week :-)