Counterfeit? LOL According to the US Treasury, there is somewhere between 70 million and an upper limit of 200 million of counterfeit US currency out there.
It’s silly that the US Government even bothers with counterfeit anymore. The government creates 100 million an hour.
As for checks, the number of check kiters out there PALES in comparison to online fraud. And at my hometown bank if a Chinaman tried to withdraw money from a local account, there would have been questions.
Checks and cash, world was better.
Are you saying a Chinaman would be treated differently than anyone else ?
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You’ll note that I did not say that the current situation was preferable to when we only had cash and checks.
My only point was to provide a reminder that counterfeiting and fraud existed before electronic banking.