interestrateripoff Posted December 24, 2014 Share Posted December 24, 2014 Police warn Chinese forgery gangs have learned how to make near-perfect £2 coins... and say the crooks are already flooding Europe with similar fakes Chinese-based criminals have mastered the ability to manufacture almost perfect bi-metallic coins, stoking fears the £2 coin is vulnerable to a new wave of forgeries. Can't see what the problem is the BoE has been inventing money out of thin air with QE and now we have Chinese gangs giving a helping hand. Although the Chinese are experts in this field and during the middle ages there was a period where fake currency was held in a higher regard than the real currency of the dynastic courts. Quote Link to comment Share on other sites More sharing options...
Bill D'arblay Posted December 24, 2014 Share Posted December 24, 2014 Where can you get these coins - I need to take a leaf out of Mark Carney's book and supplement my income. Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted December 24, 2014 Share Posted December 24, 2014 Haha! They're redesigning the £1 coin in the £2 coin style as it is was unforgeable! Quote Link to comment Share on other sites More sharing options...
Ah-so Posted December 24, 2014 Share Posted December 24, 2014 Police warn Chinese forgery gangs have learned how to make near-perfect £2 coins... and say the crooks are already flooding Europe with similar fakes Chinese-based criminals have mastered the ability to manufacture almost perfect bi-metallic coins, stoking fears the £2 coin is vulnerable to a new wave of forgeries. Can't see what the problem is the BoE has been inventing money out of thin air with QE and now we have Chinese gangs giving a helping hand. Although the Chinese are experts in this field and during the middle ages there was a period where fake currency was held in a higher regard than the real currency of the dynastic courts. Can you provide a link to evidence this claim? Am interested to find out more. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 24, 2014 Share Posted December 24, 2014 I can't imagine they are too concerned with fake coins, how long did it take them to change the £1 coin for instance. I would much prefer a cashless open ledger system, perhaps triple entry book-keeping. would stop money printing, inflation and central back criminality. if only such a currency existed. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 24, 2014 Share Posted December 24, 2014 Of course bitcoin solves a lot of problems of double-spend. I personally believe the technology is there to keep track of the money supply, right down to individual coins. But this would also mean clear accountability. which central bankers do not want. having billions pumped into the economy is great as far as they care fake or not. but what would happen with all the private banks creating money out of nothing? They would be given ability to issue their own notes and chips? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 24, 2014 Author Share Posted December 24, 2014 Can you provide a link to evidence this claim? Am interested to find out more. http://www.amazon.co.uk/Fountain-Fortune-Monetary-Policy-1000-1700/dp/0520204085/ref=sr_1_1?ie=UTF8&qid=1419442504&sr=8-1&keywords=richard+von+glahn Fountain of Fortune: Money and Monetary Policy in China, 1000-1700Not a cheap book to buy, even 2nd hand, but this is where I read it. I found it startling that fake currency could be valued more highly than official currency. Quote Link to comment Share on other sites More sharing options...
200p Posted December 24, 2014 Share Posted December 24, 2014 We shipped all the factories to China - you give people the tools, then of course making these coins would be child's play. Dr Evil wouldn't demand a gagillion dollars - only a few hundred million - enough to buy a factory and print unlimited money. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted December 24, 2014 Share Posted December 24, 2014 (edited) I 'suspect' you could pick the up from the silk road 2/3, agora or other online Dark Markets for less that 50p each. Edited December 24, 2014 by Wurzel Of Highbridge Quote Link to comment Share on other sites More sharing options...
billybong Posted December 24, 2014 Share Posted December 24, 2014 (edited) A double benefit to the UK economy - helping GDP with the extra money plus the contribution to GDP of the gangsters' UK business operations. Edited December 24, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
erat_forte Posted December 24, 2014 Share Posted December 24, 2014 Just told Mrs EF, her instant reply, weren't the chinese supposed to be buying the Royal Mint anyway? Quote Link to comment Share on other sites More sharing options...
davidg Posted December 24, 2014 Share Posted December 24, 2014 I 'suspect' you could pick the up from the silk road 2/3, agora or other online Dark Markets for less that 50p each. According to French TV you can buy near perfect euros notes on the dark net. A ten euro note costs 1 euro. Notes have the watermark and hologram. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted December 25, 2014 Share Posted December 25, 2014 According to French TV you can buy near perfect euros notes on the dark net. A ten euro note costs 1 euro. Notes have the watermark and hologram. Someone got caught with a load in the UK this week. http://www.bbc.co.uk/news/uk-england-manchester-30573096 Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted December 25, 2014 Share Posted December 25, 2014 I bought a thousand shares in De La Rue on the recent dip. Let's hope they pull something out the bag and not just a load of dodgy £2 coins. Quote Link to comment Share on other sites More sharing options...
billybong Posted December 25, 2014 Share Posted December 25, 2014 Three men and a boy have been charged with conspiracy to defraud after counterfeit euros worth more than £2m were seized by police. There's no way they were going to be allowed to set up in competition. Quote Link to comment Share on other sites More sharing options...
XswampyX Posted December 27, 2014 Share Posted December 27, 2014 It's not that... If £2m euros got out into circulation, then all faith in the value of money would evaporate! Quote Link to comment Share on other sites More sharing options...
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