How Much Of Our Money Is Fake?
How Do You Know If Your Money Is Fake? - http://testu.be/1H7xBKx Subscribe! http://bitly.com/1iLOHml With newer technology everyday, counterfeiting money ...
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Counterfeiting money is one of the world’s oldest crimes. Historically, those caught counterfeiting would be put to death. Nowadays, in the United States, there’s a lesser penalty of a fine or up to 15 years in prison. But that doesn’t mean the crime is any less prevalent. So, how much of our money is fake? In the United States, the only institution officially allowed to print money is the Federal Reserve. Any other money printed, is fake, and devalues the rest of the legitimate currency. In the US, before a national currency was adopted in 1862, state banks produced their own currency. At the time, between one-third and one-half of the money in circulation was thought to be counterfeit. But more recently, in a 2006 report, the United States Department of Treasury estimated that abo...
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Counterfeiting money is one of the world’s oldest crimes. Historically, those caught counterfeiting would be put to death. Nowadays, in the United States, there’s a lesser penalty of a fine or up to 15 years in prison. But that doesn’t mean the crime is any less prevalent. So, how much of our money is fake? In the United States, the only institution officially allowed to print money is the Federal Reserve. Any other money printed, is fake, and devalues the rest of the legitimate currency. In the US, before a national currency was adopted in 1862, state banks produced their own currency. At the time, between one-third and one-half of the money in circulation was thought to be counterfeit. But more recently, in a 2006 report, the United States Department of Treasury estimated that abo...
