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Subject: NY Times: terrorists have switched to cash
Thomas    10/14/2003 3:22:10 AM
NYT annonces about a week ago, that terrorist have been found with large amounts of cash, and as such is surmised not to use the banking system as much any more. This is good news - if it is true. Conducting and finansing terrorism passing large sums of folding money around is immensely more difficult and cumbersome than bank tranfers: They have to rely on courriers, that are at constant risk of being intercepted - and you have to rely on their integrity. It involves a lot more people in the process - which give our hero (the flatfooted cop) that many more chances of making a color. A resonable next move would be for the Federal Bank to recall the larger denominations of USD bills (They can always reissue them when the situation changes) and mint coins for smaller denominations. Who cares? Everybody legitimate charges! A possible next move for the terrorists will be to change to gold - let them. Wait untill they have changed the money - and then start dumping gold prices from the stock at Fort Knox - who cares? Civilised countries have gone from the gold standard years ago!
 
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Thomas    RE:how do you stop 'hawala?' American Kafir   10/17/2003 1:52:55 AM
As a matter of fact - I think it has partly. For years it has been a concern for the Federal Bank, that the technology has advanced beyond the technology used to print the notes. the USA has the additional problem, compared to most other countries, that the circulation is huge, thus it will take an inordinate time before the last of the old notes returns and can be replaced - which makes the US vulnerable to counterfeiters - The 911 might have been the impetus to do something about it - that is the costly plans could be put into action, allthough the plans themselves have existed for decades. Contingency planning is not a purely military tool. Furthermore I would not be surprised if the surge in detected corporate crime is a by-product of the extensive effort in the banking sector brought on by 911. A suspicious money trail might just be an ordinary fellony and not necessarily a treason.
 
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American Kafir    RE:how do you stop 'hawala?' American Kafir   10/17/2003 7:10:25 PM
Well, the US changed the design of the $100, the $50, $20, and the $5 denomination notes during the 1990s. Recently, we've changed the $20 note again. I guess someday the "intermediate" version of the $20 note from the 1990's will be worth something to collectors, once the new version is in full circulation. It's kinda weird. We've got 3 versions of the $20 bill that are still legal tender.
 
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