ISIS counterfeit dollars

What happens a state counterfeits the currency of another country and distribute it across the world? Wouldn't that ruin that country's economy?

Why aren't extremists like ISIS doing that? Surely states have the technology and resources to create counterfeits that are near 100% undetectable (other than duplicated serial number)?

 

North Korea has been counterfeiting U.S. currency for YEARS. They call them super dollars and are almost indistinguishable.

The scale needed to cripple an economy with counterfeits is not feasible.

 

If a state were to print excess cash, yes the value of it would drop (inflation.) Economy's aren't exactly isolated and this would effect other economies + there would be an incentive needed to do so.

ISIS is not a state and you make it sound like counterfeiting bills is some incredibly easy thing to do. Let me roll on down to my local shop, pickup an inkjet printer and try my luck; furthermore you're completely ignoring the logistics of doing such an operation.

At its' most basic level, they would need the tech and the knowledge on how to replicate the currency with all its' security features (or at least to the point where they are not easily spotted.) If they were to complete this, they would need then figure out how to mass produce an exorbitant amount of counterfeit cash and figure out how to distribute it. ISIS can't exactly start a bank in the U.S. and start handing out dollar bills.

 

Yeah i think you can buy those super dollars online, for like half the price of it's "value".

 

If you're paying half the value of a counterfeit bill you are getting ripped off.

 

I've got a few fake dollars i braught

 

srry, it's not my intent to make it sound like it's 'incredibly easy'. Of course an individual wont have the resources, im talking about pretty large organizations/countries (which 'might' even be capable of developing nuclear weapons)

Thanks, I didn't know about the super dollars...been googling along the line of 'print another country currency' with no results, changed to 'counterfeit warfare' and realized it has already been done in throughout history http://gizmodo.com/4-totally-fake-currencies-that-changed-the-course-of-re-1571722766
I'd think if 100% undetectable counterfeits were to be produced, the scale needed wont have to be extensive. Imagine if there's no way to find out whether the note u are holding is a counterfeit, ppl would lose faith in the currency much more rapidly than if a country prints more of its own money...

 

No country counterfeits currency in a large amount to actually effect the economy.

 

As someone stated it is not hardly feasible to destabilize a country's economy by counterfeiting. With globalization and what not essentially all economies are tied together now and you'd have to print billions and if you're printing billions it'd be caught quickly. Back in World War 2 and the American Revolution it was a viable strategy though. The nazis forced a huge amount of jews in work camps with printing specialties to print British and US currencies.

 

As someone stated it is not hardly feasible to destabilize a country's economy by counterfeiting. With globalization and what not essentially all economies are tied together now and you'd have to print billions and if you're printing billions it'd be caught quickly. Back in World War 2 and the American Revolution it was a viable strategy though. The nazis forced a huge amount of jews in work camps with printing specialties to print British and US currencies.

 

They can not print enough to have any major effect on an economy. It is also hard to get it into the country to spend it, which makes the effects even less.

 

When you look at the fact that the US is projected to be in 18+ trillion dollars of debt by the end of this year, you'll understand why it's not a feasible, or even possible method to crash an economy. Especially when there's only 1 trillion worth of physical dollars actually printed in the world. If devaluing the dollar through inflation was effective enough to crash an economy, anyone could have done it by now. The US government would have done it to themselves by now.

 

Hyper-inflation could crash an economy, it has happened throughout history, or more recently, in Zimbabwe. At the peak of inflation, their notes were worth as much as used tissue paper.

No manual labor is required now though, with a counterfeit machine u can auto print billions pretty rapidly.

The superdollar didn't have much impact because it's not 100% undetectable, if 100% undetectable counterfeits were created, they could just be spent in official channels (foreign bank exchange etc).
And 100% undetectable counterfeits cause greater panic because it's guaranteed that the current notes would have to be abandoned if the source of supply is unknown.

A country determined enough could be able to create perfect counterfeits of another country given that they already possess similar technologies (to print their own currency). Though it's consider an act of war so i guess that's probably why ISIS or North Korea isnt doing it (at least at a compromising level)

 

Where would you get this counterfeit money that Korea sells?

 

Hyperinflation is relative. The amount it took to hyperinflate and crash Zimbabwe's economy-- which is a country who has probably never netted more than a trillion dollars in wealth-- is no where near the amount it would take to crash America. If America's national deficit hasn't crashed the economy (which exceeds 17 trillion today), no amount of dollars ISIS is capable of printing would cause much impact on the economy, certainly not crash it. Not to mention the fact that ISIS definitely doesn't have the technology or resources to produce Super Dollars

Google search it, I'm sure you'll find a safe vendor

 

No manual labor is a stretch. You still need the supplies & the technology alongside monitoring the setup. That and I'm not sure if you comprehend how much a billion is. If you were to have a billion seconds divided into days, it would come out to 35 years. A billion is a lot.

Even if they could make them and somehow could leverage enough of them to effect an economy, it wouldn't get that far. If you're threatening the entire world economy, you're going to get blown off the map.

 

Yeah that's what i just said...they aren't doing it because it's an act of war, hence too risky

I guess it's answered, thanks everyone for the response, thread can be closed.

 

You'd have to actually have the money to purchase the advanced paper by the way.... Which can't be cheap in itself and would set off a bunch of alarms if someone is purchasing at such a large scale.

 

Why would a country buying money-making material set off alarms...?
Besides it could just buy the cotton and linen fibers and synthesize the material itself.
Anyway question is already answered, thanks for the response.

 

Because countries don't all use the same kinds of paper to make money and on the scale needed to destabilize a country it would need hundreds of billions