fake money!

jay helfert said:
In China, they make the best counterfeit EVERYTHING! How about those "silver dollars?"
By the way, did everyone know that there is more U.S. currency in circulation off shore (outside the U.S.) than in this country? True story.
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hopefully it will stay that way! its good for us that everyone in the world wants u.s. dollars!
 
jay helfert said:
So look, here's the straight skinny. The best counterfeiters today come from Russia. Their specialty is one hundred dollar bills and here's how they do it. They take five dollar bills and bleach all the color off both sides. Then they copy the one hundred bill (front and back) on the 'old' five dollar bill. This way the paper is right, with all the little lines and squigglys of a real bill. But if you hold it up to the light, the image you see is Lincoln and not Franklin. They make a $95 profit on every one they pass. I got one in my last poolroom, and it looks perfect. The digital copiers they have today do a real nice job. ALWAYS hold hundred dollar bills up to the light and look for Franklin's image. Those pens that you see them using in so many stores won't work on these type of counterfeits, since the paper is real money.
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I actually received 2 of these in San Diego, They actually felt a little weird (probably from the drying after bleaching or something) Well I held them up and quick glance saw the face only find out later it was the face of Lincoln on the 5... F Me.

Turned them over to Secret Security office, they told me they see them pop up all the time at garage sales. The scammer finds something cool for 20 bucks, tells the person to hold it and they'll be back later with a truck, they make off with the 80 bucks in change and on their way to another garage sale.
 
JNUTZ said:
I actually received 2 of these in San Diego, They actually felt a little weird (probably from the drying after bleaching or something) Well I held them up and quick glance saw the face only find out later it was the face of Lincoln on the 5... F Me.

Turned them over to Secret Security office, they told me they see them pop up all the time at garage sales. The scammer finds something cool for 20 bucks, tells the person to hold it and they'll be back later with a truck, they make off with the 80 bucks in change and on their way to another garage sale.
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That's just cold. Once I received a fake 50rmb note here from a taxi driver. I was so mad that I gave it to a beggar. I probably gave myself some bad karma over that.

I am really learning a lot about this. I never heard of the bleaching before. I also never thought about the issue with money all being the same size. Now it makes more sense why money is different sized in other countries.
 
Probably because for most of the past except for the past 10 years or so Gold hasn't kept up with inflation. If you had all of your savings in gold from 1950 to 2000 you would have lost about 4 or 5% per year to inflation. If you had the exact same money in the evil stock market you would have made about 10% per year.

The run up on gold since shortly before Y2K started as a panic and while it has done well is simply a bubble due to creative marketing and a few crazy radio hosts. Like all things, that which goes up, will come down.


poolaholic2010 said:
it doesn't really mater if your dem or repub the answer is to buy silver and gold!! its the only way to guard against inflation as history points out. so take that FWIW im young under 25 and realize this why don't older folks past 30 with good jobs realize this? on the side i know nothing on counterfeit money so thanks for the heads up.
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I had a relative (by marriage!:grin::wink:) that did time for counterfitting. He was printing 20s and 50s, going to drive-thrus and paying with them, tossing the food into the back of his pickup.

He told me that when he got busted there was over 10k in food in the back of his truck.

Eww!
 
Remember the movie "To Live and Die in LA"?

When I first saw that movie, only the very knowledgeable with money for the very expensive printing equipment (or access to that equipment) could counterfeit currency....

Then along comes the highly accurate and reasonably priced Canon, et al copiers....

Now any Joe can participate in the demise of the US financial institution.
 
Dawgneck said:
Now any Joe can participate in the demise of the US financial institution.
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This is the #1 counterfeiting criminal in the world:

bernanketadah.jpg
 
The difference with gold is that if you had purchased $100 worth of gold, you'd have (for example) $150 today, while if you had not you would still have $100 or a little more with interest. While gold may 'lose value', it is still relative to the dollar. For the value of gold to plummet, there would have to either be a replacement material for its uses or a massive surge in availability. Gold is simply an inconvenient medium for transactions. As for the dollar.. http://www.working-minds.com/money.htm

"So you think that money is the root of all evil?" said Francisco d'Aconia. "Have you ever asked what is the root of money?"

As far as funny money.. there will always be fakes, knockoffs, counterfeiting and some will be so good that it would take a pro to tell the difference. Just try to keep the monopoly money to a minimum.
 
richiebalto said:
Be very careful guys when posting money,especially if your on the road,make sure you look really close at the other persons money,best thing count theirs and let them count yours,a friend of mine just came off the road,he was down south,play and beat someone,he got his money and left,my friend pulls into a gas station,gives the man in side two 20 dollars bills for gas,as he is pumping here comes the cops,so my friend explained where he came across the fake money,but know one thing leads to another,he has 5 thousands on him,now he has to answer all kinds of questions,so every thing checks out and they let him on his way.i sure this isnt the first time somebody pasted fake money in a pool game.but that little incident could of ended not so good for many other pool players,no telling what some pool players are carrying in the car!so just a heads up be careful with someones elses money!good day.
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I heard about this. Now that the word is out there may be copycats.

I was paid with a phony $100 bill in NY from an upstanding man in the pool community. For whatever reason i didn't discover it for a week. He was gonna deny it anyway so i still have it.
 
OUSooner said:
Probably because for most of the past except for the past 10 years or so Gold hasn't kept up with inflation. If you had all of your savings in gold from 1950 to 2000 you would have lost about 4 or 5% per year to inflation. If you had the exact same money in the evil stock market you would have made about 10% per year.

The run up on gold since shortly before Y2K started as a panic and while it has done well is simply a bubble due to creative marketing and a few crazy radio hosts. Like all things, that which goes up, will come down.
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Since the Federal Reserve was created in 1913 the dollar has lost 96% of its purchasing power. Gold was about 20 dollars an ounce in 1913 and now it is over 1400 dollars. The plan of international bankers is to create an international currency to replace the dollar.
http://abcnews.go.com/Business/wireStory?id=9958995
China and Russia recently moved away from dollars for bilateral trade and they are not alone in that trend.

The constitution states that only gold and silver may be legal tender.

Maybe AZBilliards or TAR should get into the sound money business. It takes an order of about a hundred ounces of silver (about 3,000 fed notes) to get rounds minted (you can't call them coins unless they come from the government) at a decent price. They could take pre-orders and put players heads on the rounds so you could bet Mosconis or Van Boenings instead of Jacksons. Jackson would rather you didn't use his phony money anyway since he killed the federal reserve of his day.
 
Banks said:
The difference with gold is that if you had purchased $100 worth of gold, you'd have (for example) $150 today, while if you had not you would still have $100 or a little more with interest. While gold may 'lose value', it is still relative to the dollar. For the value of gold to plummet, there would have to either be a replacement material for its uses or a massive surge in availability. Gold is simply an inconvenient medium for transactions. As for the dollar.. http://www.working-minds.com/money.htm

"So you think that money is the root of all evil?" said Francisco d'Aconia. "Have you ever asked what is the root of money?"

As far as funny money.. there will always be fakes, knockoffs, counterfeiting and some will be so good that it would take a pro to tell the difference. Just try to keep the monopoly money to a minimum.
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Glod as part of your portfolio can be a good thing but always remember in the early eighties gold got to about $900 and dropped back to $275. That would be a swing fo your $100 going to $30.55. It can go both ways.
 
spktur said:
Glod as part of your portfolio can be a good thing but always remember in the early eighties gold got to about $900 and dropped back to $275. That would be a swing fo your $100 going to $30.55. It can go both ways.
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Interest rates went up to 20% at that time to strengthen the dollar against gold. Today the government cannot raise interest rates significantly because our government debt is financed short term and there is far too much of it.
 
OUSooner said:
Probably because for most of the past except for the past 10 years or so Gold hasn't kept up with inflation. If you had all of your savings in gold from 1950 to 2000 you would have lost about 4 or 5% per year to inflation. If you had the exact same money in the evil stock market you would have made about 10% per year.

The run up on gold since shortly before Y2K started as a panic and while it has done well is simply a bubble due to creative marketing and a few crazy radio hosts. Like all things, that which goes up, will come down.
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in 1974 gold was 25$ an ounce. so 1K investment is 1.3 mil as of todays rates. the only stock you would have done that with is wal-mart. so how as a whole has the stock market outperformed the metals market? :scratchhead:
 
JB Cases said:
Really? What do you do with your gold and silver?

Try going to the grocery store to buy $100 worth of groceries with a piece of gold and see how far you get.

There was a video I saw about a guy in California who tried to get people on the street to buy a 1oz Canadian gold coin, worth about $1200. He couldn't even get $20 for it.

As for gold being a hedge against inflation, it's not.

Let's say that you do buy 1oz in gold right now for $1000. In five years inflation goes up 50% and now the same gold costs $1500 to buy. Sell it for $1500 and you can only buy the same amount of goods that you could for $1000 fives years previously. The only way gold beats inflation is IF gold prices rise more than inflation which isn't always the case.

I do think it would be interesting, if it's even legal anymore, if merchants started accepting gold as payment. Seems like it could be built into every point of sale system what the current-to-the-second price of gold is and thus they could just weigh it at the checkout counter and charge you accordingly.

As to counterfeit bills that's a huge problem in China as well. We once were given some by the bank's ATM and we went into the bank to complain and they ran the bills through their detector and said yes, counterfeit, then gave them back to us and wouldn't replace them.

I have often wondered if people gamble with a lot of fake currency.

I think someone should go to Derby City with a bill detector. That could change the atmosphere a little bit.

Most of you probably don't know that the guy who taught Bill Schick how to engrave was visited by the FBI just about every month so they could just check to make sure he wasn't doing plates for currency. He had never done such a thing and had no record, they were just checking because he was one of the few people good enough to be able to do the plates perfectly.
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the only way your answer would be right would be that fiat money would be par or better 5 years from now and im giving 2:1 odds that's not the case.
 
Masayoshi said:
5 years ago, people were just as enthusiastic about real estate.

In reality, no commodity is immune to the forces of supply and demand. In 10 or 15 years, everybody will be ready to cash in their gold to pay for retirement because “smart” people told them it was safe. This will cause a flood in the supply and demand will not increase because gold essentially has no cost effective use besides a store of value. This means the price of gold will drop and given the tendency of people to panic and act like lemmings in face of falling prices, it will crash suddenly and without warning.

The only “safe” bet is to have your assets spread out so that if one market fails, you only take a small loss. Essentially, don’t put all your eggs in one basket.
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the exception to your answer is the fact that gold is not a commondity at this time its a currency. Relevent to the fact that Spain,Portugal,Greece,and the UK are just a few heartbeats away from bankruptcy. Along with them if we don't get it together we won't be too far behind.
 
Banks said:
The difference with gold is that if you had purchased $100 worth of gold, you'd have (for example) $150 today, while if you had not you would still have $100 or a little more with interest. While gold may 'lose value', it is still relative to the dollar. For the value of gold to plummet, there would have to either be a replacement material for its uses or a massive surge in availability. Gold is simply an inconvenient medium for transactions. As for the dollar.. http://www.working-minds.com/money.htm

"So you think that money is the root of all evil?" said Francisco d'Aconia. "Have you ever asked what is the root of money?"

As far as funny money.. there will always be fakes, knockoffs, counterfeiting and some will be so good that it would take a pro to tell the difference. Just try to keep the monopoly money to a minimum.
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its impossible to counterfeit a metal though.
 
poolaholic2010 said:
its impossible to counterfeit a metal though.
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true but you can plate metal and make it look like another.......plenty of fools would fall for a plated piece of lead I'm sure......

I actually had a guy try and "scam" me with a fake hundred once. The item he wanted was 40 and he gave me the hundred and i went to get change and since it was early the store wouldn't break it......when I got back the guy was gone.....

the bill was fuzzy like it had been in someones shoes but it had the right watermark, strip and everything it needed.......stupid fool thought he gave me a fake and he gave me a real one.....I went buy a pack of smokes and made $60 over the asking price lol

-Grey Ghost-
 
poolaholic2010 said:
in 1974 gold was 25$ an ounce. so 1K investment is 1.3 mil as of todays rates. the only stock you would have done that with is wal-mart. so how as a whole has the stock market outperformed the metals market? :scratchhead:
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Your math isn't quite right.
 
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