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View Diary: the largest one-time cash transfer in the history of the New York Fed (192 comments)

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  •  I wonder if some of this money came back (none)
    to Bush's campaign coffers...

    The bills had serial numbers, no ? We CAN find out where all of those went.

    When we get Congress back...

    •  Lets attack North Korea!! (none)
      The money, officially known as Note Family - C14342, is thought to originate from communist North Korea.

      Actually, the Superdollar forgeries -- if we can call them that -- have been in circulation for a very long time.

      In the Middle East, a group, allegedly a foreign government, is
           sponsoring production of the Superdollar.  While many
           allegations have been made about the Superdollar, little
           evidence in support of these allegations has been made public.
           According to the report by the House Republican Task Force on
           Terrorism and Unconventional Warfare, the Superdollar is printed
           in the Middle East on "high-tech state-owned presses with paper
           only acquired by governments." Also according to the task force,
           the Superdollar is "designed for direct infiltration into the
           U.S.  banking system and has become a major instrument in
           facilitating the flow of militarily useful nuclear materials and
           equipment and various weapons systems." A few of the foreign law
           enforcement and financial institution officials we spoke with
           believed the Superdollar was being circulated through various
           terrorist organizations around the world, on the basis of
           reports of detections involving individuals with links to
           terrorist organizations.  According to the Treasury Department,
           no evidence exists to show that the note is printed with paper
           acquired only by governments or that the note is designed for
           direct infiltration into the U.S.  banking system.  Treasury
           also maintained that support for the remaining allegations
           concerning the Superdollar is inconclusive.  Furthermore,
           although the Task Force reported that between $100 million and
           billions in Superdollars is in circulation, no evidence has been
           provided to support these allegations.  Since the Superdollar
           was first detected in fiscal year 1990, Superdollar detections
           have represented a small portion of total counterfeit currency
           detections, according to Treasury and the Secret Service.  (Due
           to the sensitivity and ongoing nature of this case, defects in
           and pictures of the Superdollar were not included in this
      Letter Report, 02/26/96, GAO/GGD-96-11

    •  If we get Congress back. (none)
      What do you think they're going to do with that money?

      It's the Stupidity, Stupid!

      by Q Dog on Wed Aug 17, 2005 at 05:43:18 PM PDT

      [ Parent ]

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