Re: counterfeiting

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Why would they want to undermine confidence in the dollar?  Seems to undercut their profits.

Gene Coyle

Jim Devine wrote:

from today's SLATE news summary:
  

The day's best read is a long takeout in the LA [TIMES] on a massive
    

counterfeiting ring run out of North Korea. Though its existence has
long been rumored, recent criminal prosecutions have afforded an
unprecedented glimpse into the racket, which teams Chinese gangsters
and Irish terrorists with Stalinist apparatchiks "using equipment from
Japan, paper from Hong Kong and ink from France" to mass-produce phony
$100 bills at a mint burrowed in a remote mountain. The aim is to get
rich while also undermining confidence in the dollar abroad.<

didn't the CIA use counterfeiting as a weapon against the USSR during
the Cold War? or against other governments it didn't like?
--
Jim Devine
"Segui il tuo corso, e lascia dir le genti." (Go your own way and let
people talk.) -- Karl, paraphrasing Dante.