
A Bear Market In Forgery The Rude Awakening Wall Street, New York Wednesday, February 16, 2005 ------------------------- The Rude Awakening PRESENTS: The Superdollar - high quality counterfeit bank notes - identical in appearance to one hundred-dollar-bills - started cropping up en masse during the 1990s. Could desperate dictators be using them as a weapon against the United States? Here's the full story: --- Advertisement --- 7 Stunning Predictions for 2005 Wall Street is at it again
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maybe even 133%. Discover 7 stunning financial predictions for 2005 - and learn how 15 minutes could have a tremendous positive impact on your financial future! http://www.agora-inc.com/reports/FST/WFSTF205 ------------------------- A BEAR MARKET IN FORGERY By Tom Dyson Superdollars first caught the public's attention in 1992. They originated in Iran and were being used as a weapon against the West, said the news reports. A 'superdollar' is the name given to an almost perfect forgery of a U.S. banknote. Print enough of them, so the theory went, and you could destabilize the world's reserve currency. Nothing ever came of Iran's 'superdollar' money machine, and the rumors faded
until 1998. In 1998, began a television documentary by the BBC, a small-time crook walked into a bureau de change in Britain to change a batch of fake $100 bills. The documentary was titled, "The Super Dollar," and aired in 2004. The lady behind the counter at the bureau de change would never have known the bills were fakes, but someone tipped off the police and they raided the shop. Detectives discovered the best counterfeit hundred dollar bills Britain's national crime squad had ever seen. "It required an expert to look at it very carefully with at least a powerful magnifying glass," said DCI Mark Smith. "They would go through banks, they could be cashed at travel exchanges, bureaus de change, they were that good, that well made, that sophisticated. The standard of the quality of these notes is particularly unusual." The bills were sent to Washington. At the secret service headquarters, analysts were also amazed at the quality. In the late-1980s, U.S. intelligence had reported that the North Koreans had a printing press known as 'an Intaglio.' This press is similar to the one used to print bank notes in the U.S. Could they be the culprits? Investigative journalists from the BBC flew to Korea on a hunt for defectors. They found two
"The counterfeiting was all done at government level," confirmed an unnamed North Korean collared by the BBC. "We had a special plant for doing it in Pyeongseong, one of the cities in the province Pyeongahnnamdo." "We bought the best of everything, the best equipment and the best ink, but we also had the very best people, people who had real expertise and knowledge in the field," continued the informant. "Then, when government officials or diplomats traveled to South East Asia, they distributed the counterfeit notes mixed in with the real ones at a ratio of about 50-50." A former North Korean diplomat corroborates the story, "I was at a local bank in Thailand changing dollars in the bureau de change. They told me that the money I was giving them was counterfeit. I had fake notes mixed in with the real ones." "Ordinary North Korean people can't go abroad," continues defector #2. "The only people who can deal in this money are diplomatic or business travelers. That's how the counterfeit is exchanged abroad." After an extensive investigation by international intelligence services, reports the BBC in conclusion, it was found that many of these 'superdollars' washed up in Britain, imported by the IRA and supplied by Russian mobsters. Of all the North Korean embassies in the world, the biggest is in Moscow, hence the Russian connection. The embassy was the hub of the whole operation, allegedly. Five years and a bear market later, do the world's forgers no longer care about 'superdollars'? Apparently they're all turning their attention to the euro. Police at the anti-counterfeit unit in Hamburg saw a huge increase in illegal copying of the euro in 2002 and 2003, reports the BBC. "I predict that by the end of this year we'll be dealing with twice as many fake notes as last year," said Chief Detective Inspector Schmidt speaking in 2003. And just three months ago, Angelo Angelopoulos, a U.S. Secret Service agent in Bulgaria, speaking at a conference on anti-counterfeiting techniques in November 2004, said forgery of the U.S. dollar "has abruptly decreased in the last two years." We highlight this trend as anecdotal evidence of a dollar bear market and to propose a new challenge for counterfeiters: fake gold coins. [Ed. Note: Trying to undermine the U.S. currency by printing counterfeit dollars is a dumb scheme. You'd be competing with Alan Greenspan. He prints more cash than any Iranian despot ever could. It's working too
the dollar is destabilizing. Here's what you need to d Beware The Federal Forgers --- Advertisement --- Important News for U.S. Stockholders, Bondholders and Consumers Your Chance for Once-in-a-Lifetime Profits From an Overlooked Crisis! The bricks of America's economy - U.S. dollars - are crumbling around us. And the government cannot prevent them from falling even lower - for the next 7 years! The fallout will crush stocks and bonds
and send prices for most consumer goods soaring. Luckily, there is still time for you to hedge against this fall. Better still, there are ways you could make handsome profits as this cycle plays itself out. But hurry
there isn't very much time left. http://www.agora-inc.com/reports/RCH/WRCHF204 ------------------------- Did You Notice
? By Tom Dyson Bonds will rise regardless
Mr. Chris Long, a frustrated fixed-income trader, created this table as a joke. We found it in The Gartman Letter

"I first wrote it and sent it out internally in early December, when I had become completely fed up with the rally in our market," said Mr. Long in a published note to Gartman. "It truly amazes me how many people in our markets have seen it. It most recently merited the status of being pasted on the men's' room wall at Bank of Montreal in Toronto, an honour I'm not sure I knew how to take."
"Anyway, I can only imagine that such a large number of people found it amusing because 10 year rates at 4.00%, which are providing easier financial conditions than before the Fed hiked 150 basis points, are completely senseless in anyone's book
" [Ed. Note: James Boric's job is on the line. He's made the boldest offer I have ever seen. If you try his service, Penny Stock Fortunes, and can prove he failed, Boric is willing to refund you TWICE what it costs to join. For his sake, he had better be right
Penny Stock Fortunes ----------------------------------------
And The Markets
| Tuesday | Monday | This week | Year-to-Date | DOW | 10,837 | 10,791 | 41 | 0.5% | S&P | 1,210 | 1,206 | 5 | -0.1% | NASDAQ | 2,089 | 2,083 | 13 | -4.0% | 10-year Treasury | 4.10% | 4.08% | 0.02 | -0.11 | 30-year Treasury | 4.49% | 4.45% | 0.02 | -0.33 | Russell 2000 | 635 | 635 | 0 | -2.6% | Gold | $425.95 | $425.75 | $5.15 | -2.7% | Silver | $7.33 | $7.28 | $0.15 | 7.6% | CRB | 289.33 | 287.87 | 3.15 | 1.9% | WTI NYMEX CRUDE | $47.26 | $47.44 | $0.10 | 8.8% | Yen (YEN/USD) | JPY 104.41 | JPY 105.15 | 1.29 | -1.8% | Dollar (USD/EUR) | $1.3020 | $1.2960 | -153 | 3.9% | Dollar (USD/GBP) | $1.8969 | $1.8884 | -289 | 1.1% |
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