91 lines
3.8 KiB
Plaintext
91 lines
3.8 KiB
Plaintext
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Conspiracy Nation -- Vol. 1 Num. 71
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======================================
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("Quid coniuratio est?")
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COUNTERFEIT CONSPIRACY
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How It Undermines Your Money
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(As featured on *The 700 Club Newswatch*, July 21, 1994)
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The Facts
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TTTTTTTTT
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Hundreds of millions of American dollars in bogus bills are
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flooding the world market. And while counterfeiting is nothing
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new, recent global counterfeiting strategies may undermine the
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integrity of the dollar.
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In addition to small-scale counterfeiting, large counterfeit
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operations are being sponsored by foreign governments and have a
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greater potential for weakening the U.S. dollar.
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According to the House Republican Task Force on Terrorism and
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Unconventional Warfare, Iran and Syria are actively engaged in
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producing and distributing counterfeit $100 bills. They are
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acting in concert to purposefully "destabilize the United States'
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economy by undermining confidence in the dollar."
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The plan is to flood the world market with bogus American bills.
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That would drive down the value of the dollar and weaken the U.S.
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economy. Iran and Syria also need hard currency to alleviate
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their own financial crises.
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"The Iranian deficit is far greater than... predicted, therefore
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they need more hard currency to balance the budget," says Yossef
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Bodansky, director of the task force. In 1992, the Iranian
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foreign debt was estimated at $34 billion. Bodansky says the
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Iranians made up for the shortfall by printing high quality $100
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bills at their government mint.
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According to the task force report, bogus bills are passed
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through a Lebanon-based drug network. Safe shipment of the
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counterfeit money is facilitated by Syrian Military Intelligence.
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The counterfeit dollars are then distributed through Africa via
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Cairo, Egypt, and Nairobi, Kenya, and on to Europe via Albania,
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Bosnia and Italy.
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Bodansky says the Iranian counterfeit money is laundered with
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drug profits by the Italian Mafia. He says the Italians have
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enlisted the help of the Russian mob. According to the task force
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report, more than half the foreign currency in circulation in
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Central Asia may be counterfeit.
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What can the United States government do to safeguard the
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integrity of the dollar from this international counterfeit
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conspiracy? Treasury Department officials recently unveiled their
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plan to Congress. They want to conduct the first major overhaul
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of the U.S. currency in more than 65 years. Among the possible
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changes are: shifting and enlarging presidential portraits, and
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adding hard-to-copy water marks and color shifting ink.
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The Treasury Department plans to begin circulating new $100 bills
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in 1996. But as Rep. Joseph Kennedy (D-MA) warns, this one change
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is not enough. "We must continue to innovate in order to keep one
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step ahead of the counterfeiters. We can't... reevaluate the
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currency once every 65 years."
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+ + + + + + + + + + + + + + + + + + + + + +
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[Above from a *700 Club* Fact Sheet]
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For more information, read:
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"Fighting Forgers," *Dallas Morning News* (4/19/94)
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"Trust Assad? Not Yet," *New York Times* (1/18/94, p. A23)
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
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Aperi os tuum, decerne quod justum est, et judica inopem et
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pauperem. -- Liber Proverbiorum XXXI: 8-9
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