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A cable from July, 2007, depicts the anxiety of US officials about the potential capability of North Korea to produce hardly detectable US counterfeit currency.
There are numerous references about the effort of the US government to stop the production of counterfeit dollars from foreign countries or individuals.
However, this report is particularly important because it involves private companies located in countries like Germany and UK. That is, some of US closest allies. It is obvious that the US officials were extremely concerned by the fact that these companies could potentially supply high quality equipment to North Korea. Such equipment would be capable to produce counterfeit banknotes "in the same manner as U.S. currency, utilizing similar processes and materials as U.S. currency."
Key parts:
The United States is concerned that North Korea is seeking to procure equipment and technology suitable for the production of counterfeit U.S. currency. North Korea has approached Drent Goebel of Germany to purchase an intaglio press - capable of counterfeiting U.S. currency. The U.S. has repeatedly warned both Germany and Drent Goebel (in Germany) that North Korea could use this equipment to produce counterfeit U.S. currency.
The June 2006 Interpol "Orange Alert" describes the involvement of the government of the Democratic People's Republic of Korea in the production and distribution of highly deceptive counterfeit US currency. The notice says that these counterfeit banknotes, described by some as the "Supernotes" or "Superdollars" are distributed by DPRK officials. These counterfeit banknotes are produced in the same manner as U.S. currency, utilizing similar processes and materials as U.S. currency.
"Quantities of the Supernote were manufactured in and under the auspices of the government of the Democratic People's Republic of Korea. Individuals, including North Korean nationals acting as ostensible government officials, engaged in the worldwide transportation, delivery, and sale of quantities of Supernotes."
We believe that North Korea's Central Bank continued to seek currency production equipment from the German firm Drent Goebel in late December 2006. We understand that the North Korean Central Bank sought currency paper manufacturing equipment and may also remain interested in purchasing a high security printing press from Drent Goebel. Both sets of equipment are suitable for the production of counterfeit U.S. currency, possibly including Supernotes.
We believe this equipment would be a custom made device and Drent Goebel would need to contact suppliers in at least the UK and Germany. Thus, we are concerned that this transaction may involve other German companies and possibly British companies.
We urge the UK to take all necessary actions, according to your national legal authorities, to prevent the sale or transfer of any equipment or technology that may be suitable for the counterfeiting of U.S. currency from being exported or transshipped from or through your territories to North Korea by companies or individuals under your legal jurisdiction.
When in 1971 Richard Nixon replaced the Bretton Woods system with a system based on freely floating fiat currencies, Dollar became the basic tool of the US imperialist apparatus to dominate globally.
The US financial sector became the engine of this sinister apparatus, as Dollar remained the global reserve currency without the restrictions of the Gold Standard model. In the dawn of neoliberalism and financial capitalism, the US imperialists started to concentrate enormous power through unlimited amount of Dollars. All that money was used globally for military wars, financial wars, regime change operations, military and constitutional coups, against governments who would dare to defy the new conditions.
However, in an era of fiat currency domination, countries who strongly resisted the US dominance and suffered from heavy sanctions, would seek ways to bypass the painful isolation. As in the case of North Korea, one way to do that, was to print counterfeit Dollars.
It is certain that the US officials were terrified in front of the prospect of a global market flooded with hardly-detectable counterfeit US currency. Meaning, the imperialist apparatus could lose control over its own engine.
Today, it seems that things are getting even uglier for the US imperialist empire. In a multi-polar and extremely complex geopolitical terrain, the various players are seeking ways to decouple their economies from the US currency. As the - by nature - unstable Western financial capitalism starts to decline, countries who try to abandon Dollar and get rid of the US hegemony, often taste the Empire's brutal response.
Yet, it seems that it is a matter of time. In the new decade we will probably witness the definite end of Dollar domination and probably the end of financial capitalism. Blockchain technology may become just a small factor among several ones that will contribute to the increasing complexity and fragmentation of the global financial system. It will be very difficult someone to predict the environment of the new era.
There are numerous references about the effort of the US government to stop the production of counterfeit dollars from foreign countries or individuals.
However, this report is particularly important because it involves private companies located in countries like Germany and UK. That is, some of US closest allies. It is obvious that the US officials were extremely concerned by the fact that these companies could potentially supply high quality equipment to North Korea. Such equipment would be capable to produce counterfeit banknotes "in the same manner as U.S. currency, utilizing similar processes and materials as U.S. currency."
Key parts:
The United States is concerned that North Korea is seeking to procure equipment and technology suitable for the production of counterfeit U.S. currency. North Korea has approached Drent Goebel of Germany to purchase an intaglio press - capable of counterfeiting U.S. currency. The U.S. has repeatedly warned both Germany and Drent Goebel (in Germany) that North Korea could use this equipment to produce counterfeit U.S. currency.
The June 2006 Interpol "Orange Alert" describes the involvement of the government of the Democratic People's Republic of Korea in the production and distribution of highly deceptive counterfeit US currency. The notice says that these counterfeit banknotes, described by some as the "Supernotes" or "Superdollars" are distributed by DPRK officials. These counterfeit banknotes are produced in the same manner as U.S. currency, utilizing similar processes and materials as U.S. currency.
"Quantities of the Supernote were manufactured in and under the auspices of the government of the Democratic People's Republic of Korea. Individuals, including North Korean nationals acting as ostensible government officials, engaged in the worldwide transportation, delivery, and sale of quantities of Supernotes."
We believe that North Korea's Central Bank continued to seek currency production equipment from the German firm Drent Goebel in late December 2006. We understand that the North Korean Central Bank sought currency paper manufacturing equipment and may also remain interested in purchasing a high security printing press from Drent Goebel. Both sets of equipment are suitable for the production of counterfeit U.S. currency, possibly including Supernotes.
We believe this equipment would be a custom made device and Drent Goebel would need to contact suppliers in at least the UK and Germany. Thus, we are concerned that this transaction may involve other German companies and possibly British companies.
We urge the UK to take all necessary actions, according to your national legal authorities, to prevent the sale or transfer of any equipment or technology that may be suitable for the counterfeiting of U.S. currency from being exported or transshipped from or through your territories to North Korea by companies or individuals under your legal jurisdiction.
When in 1971 Richard Nixon replaced the Bretton Woods system with a system based on freely floating fiat currencies, Dollar became the basic tool of the US imperialist apparatus to dominate globally.
The US financial sector became the engine of this sinister apparatus, as Dollar remained the global reserve currency without the restrictions of the Gold Standard model. In the dawn of neoliberalism and financial capitalism, the US imperialists started to concentrate enormous power through unlimited amount of Dollars. All that money was used globally for military wars, financial wars, regime change operations, military and constitutional coups, against governments who would dare to defy the new conditions.
However, in an era of fiat currency domination, countries who strongly resisted the US dominance and suffered from heavy sanctions, would seek ways to bypass the painful isolation. As in the case of North Korea, one way to do that, was to print counterfeit Dollars.
It is certain that the US officials were terrified in front of the prospect of a global market flooded with hardly-detectable counterfeit US currency. Meaning, the imperialist apparatus could lose control over its own engine.
Today, it seems that things are getting even uglier for the US imperialist empire. In a multi-polar and extremely complex geopolitical terrain, the various players are seeking ways to decouple their economies from the US currency. As the - by nature - unstable Western financial capitalism starts to decline, countries who try to abandon Dollar and get rid of the US hegemony, often taste the Empire's brutal response.
Yet, it seems that it is a matter of time. In the new decade we will probably witness the definite end of Dollar domination and probably the end of financial capitalism. Blockchain technology may become just a small factor among several ones that will contribute to the increasing complexity and fragmentation of the global financial system. It will be very difficult someone to predict the environment of the new era.
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