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Anti-counterfeiting Technology: About time

Government goes high-tech to redesign $100 bills

I like the comment posted by reader parismichael:

"This is the first step in what I have been advocating for more than a decade in providing a lethal blow to drug dealers, the mafia, money launders, tax dodgers and terrorists: A) replace the existing hundred dollar bill, the currency of choice for each with a new higher tech replacement; and B) give the world five years to exchange their current bills for the new issue, after which the older bills would become obsolete and non-negotiable. The hoards of cash, worth billions, that fund these illegal operations would ultimately become worthless, while everyone with legitimate reasons to possess them would now have new currency with the identical value. A simple, cost effective and elegant solution."


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Comments

r_caton
Apr. 22nd, 2010 02:12 pm (UTC)
Any free samples?
kenshingakuru
Apr. 22nd, 2010 04:16 pm (UTC)
America has never devalued older currency. In regards to the comment to say that this is going to be a lethal blow to drug dealers, the mafia, money launders, tax dodgers and terrorists etc. It implies that terrorists will not be able to make counterfeit models of the new bill. It also seems to imply that the new currency won't be able to be used for drugs i.e. illegal activities or that the drug dealers wouldn't be able to exchange their current currency for new currency seems improbable. Everyone seems to be so concerned with crime these days. If you actually look at the statistics of crime for the past 50 years there has only been a 12% increase in crime yet prison population has gone from roughly 500,000 to over 2 million. Since 1984, the state of California built only one college while 21 new prisons were.

Quote from John Irwin

"While imprisonment is generally believed to have four 'official' purposes - retribution for crimes committed, deterrence, incapacitation of dangerous criminals and the rehabilitation of criminals, in fact three other purposes have shaped America's rates and conditions of imprisonment. These 'unofficial' purposes are class control - the need to protect honest middle-class citizens from the dangerous criminal underclass; scapegoating - diverting attention away from more serious social problems (and here he singles out growing inequalities in wealth and income); and using the threat of the dangerour class for political gain."

Quoting James Gilligan (psychiatrist)

"The most effective way to turn a non-violent person into a violent one is to send him to prison. The criminal justice and penal systems have been operating under a huge mistake, namely, the belief that punishment will deter, prevent or inhibit violence, when in fact it is the most powerful stimulant of violence that we have yet discovered."

Quoting Criminologists David Downes and Kirstine Hansen reporting on a phenomenon known as 'penal expansion and welfare contraction.'

"Our impression is that, in more equal countries and societies, legal and judicial systems, prosecution procedures and sentencing, as well as penal systems, are developed in consulation with experts - criminologists, lawyers, prison psychiatrists and psychologists, etc., and so reflect both theoretical and evidence-based considerations of what works to deter crime and rehabilitate offenders. In contrast, more unequal countries and states seem to have developed legal frameworks and penal systems in response to media and political pressure, a desire to get tough on crime (three strikes your out) and be seen to be doing so, rather than on a considered reflection on what works and what does not. Prisons are effective only 'as means of answering a sustained media battering with an apparent show of force.' A growing fear of crime and loss of confidence in the criminal justice system among the population, made the general public more favourable towards harsh criminal justice policies. Thus, in certain countries, in particular the United States and to a lesser extent the United Kingdom - public demand for tougher and longer sentences has been met by public policy and election campaigns which have been fought and won on the grounds of the punitivesness of penal policy. In other countries, such as Sweden and Finland, where the government provides greater insulation against emotions generated by moral panic and long-term cycles of tolerance and intolerance, citizens have been less likely to call for, and to support, harsher penal policies and the government has resisted the urge to implement such plans."

Crime and income/wealth inequality come hand in hand. The war on 'terror' needs to be changed to the war on Islam. What is insanity? Doing the same thing and expecting a different result. Which is why we need technical solutions to today's problems not political. If the FED wanted to avoid counterfeiting they would stop printing money and go digital. It is a technical solution to a technical problem, sorry for the rant I work myself up sometimes...



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