Re: Forgery, bills, and the Four Horsemen (Articles and Comment)
Black Unicorn posted a very interesting info summary on the subject of foreign state US$$ forgery. This is a story I heard, long ago, from a Brit, Mr Waterlow, about something that happened to his grandfather, chairman of the Waterlow bank: Early in this century Portugal didn't print it's own money but contracted this job to the Waterlow Bank in England. Some skilled conmen succeeded in making the bank beleive they were representatives of the Portugeese National Bank. Then they ordered a huge amount of new bills and got away (at least for some time) with it. Now, the point is that this was acually GOOD for the Portugeese ecomomy, the real National Bankers having underestimated the optimal size of their cash stock. So, I wonder, perhaps the world economy might benefit from some Iranian addings to the number of $$ araound? A Keynesian boost? Just drifting (I know very little about economy...). Mats
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Mats Bergstrom