Friday, August 07, 2009

Feds Upset At Funny Money Surge-- So Is China

As folks face hard times,many are turning to modern printing technologies to just create counterfeit money out of thin air to purchase the things they need and want.

"The evidence is only anecdotal at this point, but law enforcement officials and business owners across the country say they have seen a significant spike in the circulation of counterfeit currency since the economy started to sour more than a year and a half ago:

More than $1,500 in counterfeit bills found its way into the cash registers of businesses in South Strabane Township, Pa., last weekend.
A counterfeiting ring passed at least 10 fake $100 bills in Collier County, Fla., before three people were arrested last month.
At least 17 victims were swindled with counterfeit bills over the Fourth of July weekend in Elkhart, Ind., where police recovered roughly $1,500 in fake cash. One of the victims was the City of Elkhart itself, which took in at least 200 phony dollars at municipal installations."

The combination of a poor economy and ever more sophisticated and cheap computer technology fueling the surge.

Warning--------- Printing Fake Money Out Of Thin Air Is A Destructive Form Of Theft Best Handled By Experts. You can't just print money cause you need it and want to spend more than you are producing.

That's Ben Bernanke's Job

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