I worked at a bank 20 years ago and I've seen good fakes and bad fakes, but what always gave the counterfeit bills away was the feel of the paper.

@jbfairchild

Жыл бұрын

I worked at a gas station, and just constantly handled money the same way. You'd feel that odd smoothness, and the weight was different. My favorite moments though was pre 1965 quarters. They clinked different, I'd dig into my pocket immediately to change one of those out.

@odeo5691

Жыл бұрын

@@jbfairchild people under estimate the weight of money honestly. It is actually quite heavier than most think

@christianromero6604

Жыл бұрын

Well it's called "rag paper" its still available in certain areas..and aqua net helps the paper give that real feel....just a light coating over the top,... 😉

@desertdaisymarie6951

Жыл бұрын

Australia moved over to polymer and it's really good..

@darcyferrigno

Жыл бұрын

Same, I was a vault teller so the amount of bills going through my hands it was nearly impossible for a fake to get me. You can't describe it unless you just know.

this was actually way more interesting than i expected it to be. he's professional/well-spoken but he keeps it interesting with cool tidbits like that pablo escobar's money made by generations of artisans is still in circulation

@Aaron-zu3xn

Жыл бұрын

best $100 bills ever were made with phone books true story,the paper used for phone books fooled the counterfeit markers

@aimee-lynndonovan6077

Жыл бұрын

Scary😵‍💫

Somehow I can't get my local SevenEleven to accept my $3 bills. The image of Kim Kardashian is flawless,everything is perfect.

@angel102ify

Жыл бұрын

Must be the paper.

@SidneyBroadshead

Жыл бұрын

It may be because it isn't wide enough to be a real Kardashian bill.

@oldmech619

Жыл бұрын

Did you light it on fire to prove that it was real?

@dsloop3907

Жыл бұрын

@@SidneyBroadshead Yep, their asses would never fit on something that small.

@0zzzz0

Жыл бұрын

The cashier is gonna know that 3 dollar bill is as fake as kim Kardashian's a$$

I love how this guy is so focused on how the real consequences of counterfeit are economic, not moral. It's not about lying or fraud or something, it's about _inflation_ which, as we are all discovering at the moment, is way way worse.

@mellamojeff458

Жыл бұрын

and the federal reserve still doesn't understand that printing millions more is bad but WE CANT LET THE BUSINESSES FAIL

@Jay2JayGaming

Жыл бұрын

​@@mellamojeff458 I really people would stop spreading this. You know what happens when you don't bailout large firms- especially financial institutions? The Great Depression. Anyway, the reason the government increases spending when the economy isn't doing so hot is because of Keynesian economic theory. Essentially, the way you get out of a recession is by keeping your consumption high through maintaining wages- prices raising is an unfortunate side effect of this but it's either that or millions of people suddenly losing their jobs at once, which means they are all now competing with each other for jobs, which drives wages down, which decreases consumption, which means businesses decrease supply, which means layoffs, which means more job competition and even _lower_ wages. ETC The real issue is that when the recession is over and the economy is booming again, you're supposed to decrease spending and raise taxes to reduce the deficit, pay off debt (thereby increasing your credit rating and reducing interest rates for the country) and take measures to let the bad businesses fail by cutting some subsidies and such. Now the reason this last part doesn't get done comes down to elections. You can get elected off of raising taxes and increasing spending, or lowering taxes and decreasing spending, but you can't get elected on austerity measures. No one likes austerity measures, not the people, not businesses, nobody. Also, a proper cutting of subsidies and raising of taxes in the boom times would put a whole lot of small businesses... well, out of business. Small businesses are often economically inefficient, with poor business strategies that result in razor thin margins. In other words, if Mom & Pop were actually good at running a business, they'd either be millionaires by now or have sold the business long before it got to this point. Anyone stubbornly holding on for sentimental reasons is just being selfish- after all its the workers that won't be getting paid living wages, offered chances to move up, or any sort of benefits. But I digress. The point that I'm getting at is that what the fed is doing makes perfect sense. We're in this weird situation where there's both inflation and recession on the horizon, which means there's no easy solution. Can't grow the economy too much or inflation will get out of control, can't raise taxes or the interest rates too much or it will ensure a really big recession. The good news is, both the inflation and recession were caused by the same factor- which was only ever gonna be temporary- so it's it's not a huge deal.

@mellamojeff458

Жыл бұрын

@@Jay2JayGaming sorry if that happened to you or not

@speeddemon5339

Ай бұрын

Yup, although I’m just gonna add a little bit more information. It’s not 1 person making 1 million of counterfeit that can drastically decay the dollar, it’s millions of people doing that every day.

About 25 years ago one of my professors brought in an active agent that was a friend of hers. He also referenced To Live and Die in LA as the most accurate depiction of counterfeiting in film.

I've delivered construction equipment to the Canadian Mint and it is no joke. You can't bring a penny into or out of the place without it being inspected.

My parents own a flower shop, a guy came in and gave a counterfeit 100 one time. They didn't realize it was counterfeit till the guy left. They had camera footage of him and everything, went to the police, and the police refused to investigate it. Wasn't worth their time. Sometimes this stuff really does pay off sadly.

@dubious6718

Жыл бұрын

The customer might not even know that it was a fake, so it takes a lot of time to investigate, so its rarely worth the time.

@Roseyfinchartworks

Жыл бұрын

Yeah unless it’s thousands of dollars of counterfeits they will not investigate

@crazy_mind-ox8if

Жыл бұрын

@@Roseyfinchartworks yea... I will mention less than a week later in the next town over (a little smaller/richer) the same thing happened and it was plastered all over the news. Always thought that was funny

@ustydickson2349

Жыл бұрын

Yes lott times the customer doesn't ..realized it was fake yett.even lott half smart our not sure at times .so need how does 1 come up someone .money .

@ustydickson2349

Жыл бұрын

And telll them I find this on your grounds.

When Willem DeFoe was on Inside the Actors Studio he was asked by a member of the audience about working the presses. Turned out the guys family were all printers & recognized what he was doing & that it was correct. He also told about having ex-cons there to teach him. Even though they were way out in the desert every times helicopter or plane flew over they got nervous.

One of the "classified security features" is the EURion constellation. It's a specific pattern of small dots/symbols that can be recognized by computers while not being obvious to the casual observer. It's existence is public knowledge but nobody will admit to using it or the specifics behind it. A lot of countries use the EURion constellation in their banknotes, but again, they will never admit to it.

@Danoliveira3

2 жыл бұрын

FBI! Open your Doors!

@tylerharry6319

2 жыл бұрын

And another "classified" security measure are nearly microscopic red and blue fibers they put in the cotton paper before it's pressed. It's a specific amount that's scattered throughout the cotton and is nearly impossible to duplicate without that specific paper making process. A few counterfeits have tried to replicate it by printing these strands, but it's obvious it's printed on instead of being embedded.

@davidfrischknecht8261

Жыл бұрын

@@tylerharry6319 He mentioned the colored fibers.

@gg2324

Жыл бұрын

I think its called the orion constellation

@samuels1123

Жыл бұрын

Some standard printers pick up this pattern and censor the print or decline to print

Clear, precise and "just the facts, ma'am" - This gentleman knows the business and how to talk about it. 🤑

surprised they showed to live and die in LA. it’s very underrated imo. it’s not your average action movie

@LdyVder

2 жыл бұрын

My favorite movie with Willem Defoe early in his career. Been a fan since.

@jimmyzhao2673

2 жыл бұрын

ikr. Fantastic movie. Even the Wang Chung soundtrack is underrated.

Someone should talk about the time Mad Magazine printed a joke bill... that was close enough that it was usable in vending machines.

@MrSteve420b

Жыл бұрын

what, me worry :P

@majorlee76251

Жыл бұрын

@@MrSteve420b said alfred newman😆

@jfbeam

Жыл бұрын

That's more an indication of how bad the scanners are in vending machines. (not they'll ever be as good as a bank.)

@sludge8506

Жыл бұрын

It’s debatable whether this really happened. Possible, yes. How much was a Mad Magazine back then? The mad magazine bill was a three dollar bill, with alfred’s picture on it.

My friend was getting a $100 bill tattoo and asked me to print him out a picture of both sides, larger than a life size bill for reference. I left it in the printer overnight and my roommate saw it and pulled me aside and was all "I know we're not doing great financially (this was like peak pandemic), but counterfeiting currency is not the answer!" And I just stare at him like he's an idiot. I have a color printer and I printed it black, not to mention it wasn't double sided, I'd have to cut out each side and glue them together. Also they're CLEARLY over 3x the size of a real bill. And it's just the one bill! I told him if I was going to do something that stupid, I'd be way smarter about it 😂

@EB-yx4fn

2 жыл бұрын

😂 yeah at LEAST he could give you some credit for being better at crimes!

@amandasunshine2

2 жыл бұрын

@@EB-yx4fn I'm an artist and a perfectionist, I was insulted he thought I'd even consider the garbage in the printer as anything remotely good or even close to passable, not that he thought I'd commit crimes 😂

@tihomirrasperic

2 жыл бұрын

We have an old joke about counterfeiting money The man says, when everyone "prints" money, so will I. he went to Germany and was in prison in a week - They ask him why he is in prison: - I printed counterfeit notes - Were they that bad? - No, they were perfect. - ????? - I made a 90 DEM bill

@TLL1969

Жыл бұрын

Not to mention that every inkjet or laser printer made for the last 15+ years will incorporate identifying information such as serial numbers about that particular printer whenever currency is printed. I know what you're thinking...those of you who think you'd be okay because you didn't do on online registration after purchase...or you bought it secondhand; but there are some in the know who'll tell you that newer printers that have built in wi-fi ARE capable of immediately reporting upon observance of a scan or print of currency. :) Ah yes...Orwell UNDERestimated, huh?

@emekaossai5485

Жыл бұрын

@@TLL1969 hahahahaha good one

You heard him, as long as only 9999 of us print off a few hundred dollars a day it's okay. We will have to set up a schedule.

I've actually caught a counterfeiter. He photocopied bills and i knew they were fake by the paper

@Coffeeisnecessarynowpepper

2 жыл бұрын

Are you a police officer?

@PUgrad05

2 жыл бұрын

Nope. Had many years handling money. Was the worst fakes ever. Serial Numbers the same. No color changing ink. No security stripe in the bill. Used photocopy paper. Person admitted to scanning and printing the money. Was safe to say that the currency was fake.

@kristianfagerstrom7011

2 жыл бұрын

@@PUgrad05 Those would be easily identifiabla counterfeights, yes, but how did you catch the counterfeiter?

Would've loved to have him review the counterfeiting method used in Reacher (Amazon Prime).

This feels illegal to watch 😂 But this guy is an amazing speaker and explains the topic so well!

I expected this guy to be boring, but he was actually really knowledgable and interesting. He would make an excellent teacher/professor. I actually want to hear him give a full lecture on counterfeiting now.

@notmjgotbanned

Жыл бұрын

he used to guard the president so

Prior to 1963 and after 1928, all US Currency size was reduced to the present size, the One Dollar Bill was a Silver Certificate or United States Note also known as a Legal Tender. The One Dollar United States Note was issued in Puerto Rico. After 1963 all Currency produced in the United States has been the Federal Reserve Note except for the One Hundred Dollar United States Note. There were some One Dollar Bills during the 1990's that were not produced by intaglio printing. But these One Dollar Bills used a Rotary Press that are known as Web Notes. All United States Currency that is currently being produced is by the United States Bureau of Engraving and Printing in either Washington DC or Fort Worth Texas. During World War II special United States Currency was issued for use in Hawaii with a Brown US Treasury Seal, Serial Numbers and Hawaii printed on both sides. Issued as a One Dollar Silver Certificates, Five Dollar Federal Reserve Note, Ten Dollar Federal Reserve Note and Twenty Dollar Federal Reserve Note. This was done so only with a stroke of a pen all these notes could be make not valid. This was done also with any money paid to those in the military who were in either North Africa or Europe. There were all Silver Certificates in the denomination of One Five and Ten Dollars and had a Gold Seal and Serial Numbers.

This video is of good enough quality to be used as training for business employees.

@secretsquirrel6718

2 жыл бұрын

They want to see who watched it so they can get leads when the funny money starts floating around.

@mehere8038

Жыл бұрын

whole thing sounds like a disaster to me! So there's super secret security feature in bills, but staff at supermarkets etc will never be allowed to know what they are & therefore forced to accept the counterfeit bills. I really do wonder how America got to where it is with this sort of stuff!

It is interesting about some of the physical security around money production facilities; I live within a few miles of one and there isn't an entrance onto the motorway there, to slow down the getaway (if there was a theft)

@chrisc3878

2 жыл бұрын

The Bureau of Printing and Engraving facility in Fort Worth is open to the public, you can get a tour and watch them make it. They also sell sheets of uncut currency in the gift shop.

@sluin

Жыл бұрын

@@chrisc3878 that doesn't mean it can't be secure

@spdcrzy

Жыл бұрын

@@chrisc3878 That's meant to be part of the facade. Langley has a gift shop, too - even though it's in the basement.

The crazy thing to me is that Frank Abignail actually passed the bar, in real life he said it took more than 2 months of studying where as the movie he said 2 weeks, but still, the man passed the Louisiana bar without ever attending a day of law school.

@linus6078

2 жыл бұрын

Pretty sure he was bullshitting as there was never a record of him or any of his aliases that passed the bar...

@tihomirrasperic

2 жыл бұрын

a guy like him easily buys or steals exams and then learn the questions and answers

@ZarkowsWorld

Жыл бұрын

Frank Abignail's biggest fraud is pretending he was a successful scammer that only was caught once. He was caught many times, spent time in jail in multiple locations. And he has never been hired by the FBI in any real capacity.

@jonhelmer8591

Жыл бұрын

Frank Abignail was a con man. I don't think we should believe everything he tells us.

@gir5o1

Жыл бұрын

His greatest con was convincing everyone he was the greatest con man.

and now i need to rewatch Catch Me If You Can

Agent Wackrow was great! Hope he comes back for a part 2. They could talk about the first season of Reacher.

I remember when To Live & Die in LA came out ..... kids in high school printing shops all over America started printing $20's

Remember: Printer paper has an almost invisible self identifying code on it.

@12412...

Жыл бұрын

Not the paper. Every printer prints a code onto every sheet

@Telhias

Жыл бұрын

@@12412... Not "every" printer. However if it is a color laser printer, then most likely yes.. If the printer prints in black only, then it most likely does not have MIC.

@evg3nius

8 ай бұрын

Even if it didn't counterfeiting on one of the printers that can be purchased OfficeDepot would be extremely stupid anyway

I could listen to this man speak for hours.

When its cheaper to buy a printer and risk jail time/money then go to fill up your car with gas.

Didn't the Secret Service attempt to censor To Live And Die In LA's counterfeiting scene, because it was so accurate and to the point?

@unnamedchannel1237

Жыл бұрын

Yes

@x--.

Жыл бұрын

On the flip-side, they got a great free training video.

Customer came into my job the other week with the fakest $10 bill I've ever seen. Just to humor them I used the counterfeit pen, but if anyone saw it they'd know right away 😂.

@ZeldagigafanMatthew

2 жыл бұрын

Those pens shouldn't be used as the first line of defense. There are these boxes that have a backlight to illuminate any watermark, and a blacklight to fluoresce any fluorescent pigments, such as the security strip. And then there's the microprinting details.

@rphelps4227

2 жыл бұрын

@@ZeldagigafanMatthew why shouldn't they be used as a first line?

@fermitupoupon1754

2 жыл бұрын

@@rphelps4227 because they are relatively easy to defeat. The iodine based pens can be defeated by spraying the fake bill with hairspray. Also in some countries defacing currency is technically a crime, and marking it with a pen is technically defacing it. I can't find reliable info on what's in a non-marking counterfeit pen, but I'm assuming it's a relatively common solvent of sorts. Which can either be defeated by using ink that doesn't dissolve in said solvent, or by applying a coating that's unaffected by the solvent. If you're worried enough about counterfeit money, say you run a bodega in a sketchy part of town, then just get one of those money detector machines. Just feed the bill to the machine, it does all the UV, IR, magnetic, etc testing, much more reliably than any pen ever could. Faster too.

@rphelps4227

2 жыл бұрын

@@fermitupoupon1754 I think most people misunderstand what defacing money is. Also, using a counterfeit marker isn't going to deface the currency since it will disappear after about a day or so.

@Camibug

Жыл бұрын

@@rphelps4227 it can damage the pen if you use it on regular paper, especially with multiple uses. The tactile/visual/UV indicators are better IMO. Plus, you can stick a toothpick through the ribbon on a $100 bill!

It's a real fact that almost 30 countries use Indian ink for special operations like printing currency and security bonds etc because of special properties.

As a general rule, trying to counterfeit US currency is a really, really bad idea. (Unless you want to go to prison)

@dubious6718

Жыл бұрын

Stay small and never carry more than 1-2 fake at any time, then you have deniability. How could I know that they were fake..

@x--.

Жыл бұрын

@@dubious6718 Yeah, but you can only use that excuse a few times unless you're willing to move a lot. If you want to be stationary then $100 for all that risk doesn't seem too great.

@Robert-vi5kn

Жыл бұрын

@@dubious6718 the secret service doesn't care if you knew it was fake or not. They don't play around with that stuff. Maybe if they believe your story that you really didn't know, they might let you go, but getting caught with multiple bills, no, it's a wrap. Off to prison and a huge fine of at least $100,000 dollars. You better have a great lawyer too.

one of the single most interesting episodes VF has ever done. fascinating stuff, thanks for bringing such an expert on!

My favorite little nugget of info to share about Lethal Weapon 4 is that the counterfeits they are making aren't actually for 100 Yuan bills, they are using the 10 Yuan bill in the movie. Which actually makes more sense in the overall plan, because those would be much more common than 100's at the time.

This is how a supernote has been described: American money that just wasn't made here. That's how close it is to the real one.

Watch 2 counterfeit videos in a row and now I feel like I'm on a watchlist after this 🤣

@leroyglass2621

Ай бұрын

😂😂

A really nice explanation of some of the security features (of the less recent currency standard) and IIRC even the term "P-note" plus its explanation were also in one of the episodes of Numb3rs.

A long time ago, I couldn't exchange genuine US hundred dollar bills in Hong Kong because North Korea was printing some kind of counterfeit super bill.

I was a printing press operator when that movie came out. I've done everything they did in it, just not with money. I've cleaned up the negative, shot and developed the plate, mixed ink( no one can do it like that, you will just waste ink) and ran the press. I've even used a manual cutter like that. Those days are long gone now.

@scottgarber4558

4 ай бұрын

Still print in my basement on a multi 1250,it's in my blood

@tomyunker3368

4 ай бұрын

@@scottgarber4558 Ran one of those, worked my way up to Heidelbergs. Retired now, don't miss it.

The raised ink on genuine currency is why a blind person candistinguish a bill's denomination by feel, so that is very cool.

@mehere8038

Жыл бұрын

why don't you just put raised tactile dots onto the bills so they can just quickly run their hand over the top of the bill to know what denomination they're holding?

@Alucard-gt1zf

Жыл бұрын

Or you could add brail like all other civilised countries

Live and die I'm L.A. was a great movie. Really under rated.

@civlyzed

2 жыл бұрын

It is a good movie, but I haven't seen it in over 30 years and can't find it streaming anywhere :-(

You'd have to think, with all the security details in U.S. bills, it would cost more to print them than their actual worth, unless you printed A LOT.

@MangoMotors

2 жыл бұрын

That's probably why most counterfeiters try and make fraudulent $20, 50, or 100 notes. I heard that below $20, it actually isn't worth doing it.

@OriginalPiMan

Жыл бұрын

To print good quality ones, you're probably right. But the lower quality ones that only pass a casual observation, are probably quite cheap; well under a dollar per note.

@mehere8038

Жыл бұрын

What amazes me is the cost to try to catch the counterfeiters, compared to the cost of just doing as the rest of the world does & printing on polymer to make counterfeit near impossible to begin with & save all that money on enforcement. Very counter-productive!

@OriginalPiMan

Жыл бұрын

@@mehere8038 You say "rest of the world", but most countries, and even most developed countries, use some form of paper money.

@mehere8038

Жыл бұрын

@@OriginalPiMan what developed world countries still use paper money instead of polymer?

Canada has a "supernote" that was being passed by banks for decades. That was the major incentive to change to a plastic "polymer" note which in theory was more difficult to replicate.

@MrBignick88

Жыл бұрын

Australian technology at its finest

Now we know why Vanity Fair's printing presses are still alive and well.

Guys is clearly smart but at 0:48 he makes a mistake: Federal reserve notes did not exist yet (Fed started 1914). What he meant is national bank notes, since it was currency created by the federal government not the central bank

@joatmon101b

2 жыл бұрын

I don't know how he made that error. He should know there were no Federal Reserve notes before the Federal Reserve Bank was created.

@seatedliberty

Жыл бұрын

As long as we’re being pedantic, let’s mention US notes, silver certificates, gold certificates, refunding certificates, not to forget fractional or postal currency.

@Shade01982

Жыл бұрын

It's most likely just a force of habit, happens all the time...

A woman at a call center I worked at printed a bunch of $20 bills with her boyfriend and they spent them around the local town just buying hamburgers and milkshakes and similarly stupid stuff. Used them repeatedly at the same stores and got caught in a couple of weeks. I came in one morning and the whole place was abuzz about it. Her friends said they had no idea she was doing it. They were all surprised when they found out how serious the crime is, they all figured it was just like shoplifting a $20 item. I'm pretty sure she did some jail time. Those better have been some really good burgers.

@eyeseer1

6 ай бұрын

Counterfeiting is a Federal offense equal to bank robbery; penalties is 25 years Federal penitentiary.

VF uses a Chemex in the credits then sticks our man with a $20 hotel room coffee maker.

I would have loved to see your review of the 1960s comedy movie "Who's Minding the Mint" with Jim Hutton, Milton Berle, and many other notable stars of the time.

So, what I'm hearing you saying is, if you want to counterfeit money: go yo Staples 😂

I remember trying to scan a $10 bill back 10 years ago for a website I was designing, the scanner software actually wouldn't let me do it :D of course there are ways around it, but that did kinda amaze me.

@mehere8038

Жыл бұрын

fascinating. So you can 3d print guns, but not US dollars, meanwhile in other countries, we just use polymer bank notes, so really no need to limit the printing of it & we can buy toy money with ease too, just not toy guns that look like the real thing

@user-jj5tq4qs7j

Жыл бұрын

@@mehere8038 it’s kinda hard to limit printing 3d objects

@mehere8038

Жыл бұрын

@@user-jj5tq4qs7j everything's hard if there's no will to do it

@user-jj5tq4qs7j

Жыл бұрын

@@mehere8038 no it’s just harder to limit the printing of 3d objects, woulda thought that’d be obvious

@mehere8038

Жыл бұрын

@@user-jj5tq4qs7j I can't imagine it would have been easy to teach a printer to identify & limit it's capacity to print notes either, without malfunctioning it's ability to print a wide range of other objects, such as presidents faces & numbers, but they apparently managed it, back when scanner/printers couldn't even recognise text correctly! FAR more effort needed to find a way to do that than to make polymer notes or find a way to stop people getting/printing guns! Even if people find workarounds, there's obvious actions that could be taken to reduce the ease of doing it & stop the majority

The Secret Service used to be part of the Department of the Treasury. The Coast Guard used to be part of the Department of Transportation. One day my boss handed me a $20 bill., saying "what do you think of this?" I could tell by how it felt it was fake, looking at it only confirmed it wasn't real.. But someone apparently took that counterfeit bill in payment. I dont know if he called the police or just corporate loss prevention. I would guess corporate first and they would decideif any point notifiying local lawenforcment over one fake bill. We have bill told if we suspect a bill is counterfeit to call a manager and NEVER accuse the customer of anything, because they may be innocent victim.

@steener5884

Жыл бұрын

#GeorgeFloyd

in live and die in la that was an offset printer, they do not print off of a metal plate they print off of a rubber blanket, the plate does not touch the paper unlike with letterpress or gravure

There was a restaurant in Hopkins MN that was printing out there employees pay in fake money 😢

we have plastic bills in the UK, with holograms and transparent sections, not easy to photocopy...

@OriginalPiMan

Жыл бұрын

Plastic is definitely the way to go. We've been doing it in Australia for around 30 years now.

@mehere8038

Жыл бұрын

yeh, I think the entire developed world has switched to polymer a LONG time ago!

@Alucard-gt1zf

Жыл бұрын

@@mehere8038 except the eu..... a pretty major part of the world if you ask me

He's back!

I thought the whole "burning the bill" to see the color of the smoke was silly. You technically aren't allowed to destroy bills. So burning one to test it seems a bit risky because a)you are potentially destroying a good bill, and b)you are now committing a crime.

He doesn't blink!

@jimmyzhao2673

2 жыл бұрын

Occupational hazard of staring at currency all day trying to detect fakes.

I was hoping he would discuss the counterfeit process in the recent Reacher show

He never once mentioned why they wash the bills, that must be an important step into making sure the bills could pass

@ronblack7870

Жыл бұрын

they don't wash them. they stick stuff like gravel in the dryer with the bills and tumble them so they don't look brand new.

Interesting video, but the former Agent was wrong about President Lincoln being concerned about the Confederates printing counterfeit Federal Reserve Notes; the first Federal Reserve Note was printed in 1914. During the Civil War period, most official circulating currency was in the form of Demand Notes, National Bank Notes, and United States Notes.

@narmale

2 жыл бұрын

oh sure, mr president glad your here to set him straight

@joatmon101b

2 жыл бұрын

@@narmale He's correct. They couldn't detect counterfeit Federal Reserve notes when the was no Federal Reserve Bank.

@jebediah4780

Жыл бұрын

Yeah it's really, really weird that someone who is supposed to be an expert on this subject either doesn't know that or straight up lied.

@NoobsofFredo

Жыл бұрын

On a related note, one interesting little-known fact is that the Union was doing the exact same thing to the Confederacy, albeit unofficially. A lot of folks who're aware of it consider that to be a major cause of Confederate monetary struggles later in the war. Wiki link for the main guy involved if anyone cares. en.wikipedia.org/wiki/Samuel_C._Upham

So my takeaway is that there's still hella lot fake money in circulation even if you can detect it

@chrisnotyou

2 жыл бұрын

It's all fake. It's only worth as much as we collectively agree it does. It has no real value.

@michaelweiske702

2 жыл бұрын

@@chrisnotyou eh, not exactly. True, all currency has no literal value but more a community based value, but the difference between counterfeit and "real" currency is whether it is authorized, if it was printed by the government body responsible for the currency or not.

@henrygustavekrausse7459

2 жыл бұрын

@@chrisnotyou Bread is also only worth as much as we collectively agree it does. Your value metaphysics is a fallacy because it could be applied to anything at all with the same result.

@chrisnotyou

2 жыл бұрын

@@henrygustavekrausse7459 no, no it doesnt. You can eat bread. Its value as food is intrinsic.

@OriginalPiMan

Жыл бұрын

@@chrisnotyou But the premium some breads have over others, or that various foods have over each other, largely isn't intrinsic.

I believe in Money Heist, the Professor is actually quite focused on monetary policy

I'd like to have seen his take on the "Green Back Jane" arc of Black Lagoon

about a month ago someone tried to pass some fake hundreds through my ups store... the first guy got in (my co-worker wasn't paying attention to just how BAD the note felt)...the second person...we asked her to leave... they were the most sketchy people i've ever seen...

US currency is interesting because its really 90% classified in process, but that 10% spans most of its life, being passed around in exchanges, 60% is its production and 30% is its private circulation management

It's funny because a lot of the counterfeit that is not caught is in the $5 and $10 market. Less controls, less attention paid.

@x--.

Жыл бұрын

This is what I would expect. My favorite coffee shop had a few months of a lot of counterfeit 100s, 50s, 20s coming in and they really started to crack down on the employees, making sure they checked them. But they'd never have checked the 5s and 10s. I have seen a place where they just had a machine to check them and they basically checked everything but that was a rarity.

In Canada our money is polymer, makes it harder to copy.

This was really interesting! It filled in some blanks for me that will help me tweak the batch I’m working on. 😇

You can't scan a whole bill, the scanner will not allow you to do it. Instead scan it in parts then then merge them together.

@rphelps4227

2 жыл бұрын

It depends on the scanner.

everyone make this man's job as difficult as possible

As a rule, if the government is letting you know how something is done, they have a better something operating.

4:15 i once had a cashier rip a bit of a bill i gave her to see if it was counterfeit and then try to refuse it because he couldn't accept ripped bills

Australia just doesn’t make our money out of paper

@hannahk1306

2 жыл бұрын

Most modern currencies don't use paper any more and even when we did we were using security features that the US hasn't adopted yet.

@someguy4915

2 жыл бұрын

Same for almost the entirety of Europe (not just the European Union...) for some reason the USA still sticks to their cotton bills system while most other Western nations have since switched to plastic bills with transparant sections that cannot be printed.

@mehere8038

Жыл бұрын

Yes, Australia invented polymer money back in the 1980's, but since that time, the entire developed world has noticed & adopted that tech for it's own currency. America didn't invent it though, so like with everything, they refuse to adopt if they can't lie & claim they did (wifi being a good example of where they simply lie & try to pretend they invented it when they didn't). Smart countries just use the best available tech, regardless of who invented it

Thank you Agent Kirk Herbstreit for a very interesting expert review.

This is fascinating! Bring him back

Why doesn't US money use the more modern security features that other major currencies have adopted? Why not make it harder for the counterfeiters by changing the puzzle they're trying to solve?

@gzer0x

2 жыл бұрын

1) that change costs a lot at scale 2) they don’t need to yet 3) it’s possible not every puzzle piece is know

@amandasunshine2

2 жыл бұрын

Because the US is secretly a bunch of different countries in a trenchcoat pretending to be one country. The same reason we have social security numbers, one of the least secure and most ineffective methods of identification. We think we're more organized and unified than we really are, and that causes huge security weak points

@jefftitterington7600

2 жыл бұрын

For the same reason it's taking them so long to put a women's picture on a banknote - everything is political and nothing changes without a fight. And the vending machines would have to be upgraded as well - and retailers lobby politicians too.

@shrimpflea

2 жыл бұрын

There are more security features he didn't talk about but they are classifed, They don't want counterfeiters to know.

@ZeldagigafanMatthew

2 жыл бұрын

For starters, overhauling the way currency is produced will require a great deal of adjustment for so many other sectors of the economy. Vending machines and importantly ATMs will need to be remade.

Awesome video!

If this man ever gets a chance I want him to check out “gas station encounters” fake 50 video

What happened to that so called $20 note that put 6 police officers in jail? Never heard anything more about that.

Pls do more videos with this guy

Leo is such a good actor bruh

Okie, Now i have all the knowledge to make a counterfeit currency!

Europe and US printed over 2 trillion euros and 3.3 trillion dollars respectively the last decade, with enormous inflation as a result. It feels a little weird hearing this man talking about the economic impact of printing some small time money counterfeiting.

I am just amused at the counterfeit set dressing in this video. The document storage boxes in the background are all carefully disheveled in a way that reveals they are just empty boxes probably stacked and placed just before the cameras started rolling. The telltales are lack of labels, lack of wear and tear on the handles, the way the top boxes are not crushing the bottom ones, and more. I bet most people watching just saw the boxes and accepted them at face value. That is precisely how counterfeiters do it: they give you want you want to believe and when they do that, you won't even question it.

not sure if he's just tryna bust me but I feel like homie was giving me permission to print notes 😂 🤔

- That is a tenner. That's what the men on the streets gonna see. Ten pounds! - "Punds". It says "Punds"! (c)

I just saw Wireds video on "how to" counterfeiting. Id love this guy to fact check it

To Live And Die In LA, one of favorite movies.

"taking an image..... you can do that on your phone. And print on a regular printer you bought for 50$ at walmart" Pro tip: also pay with a phone app for the printer.

Me furiously taking notes on how to counterfeit

The fact shows that they're always at least one step behind because they have to wait to decipher the next step of the counterfeit. You can't be one or more steps ahead if you find the discrepancy after it has passed through the system. You are reactionary at that point, not proactive.

@austinh7110

2 жыл бұрын

This comment is basically a very brief synopsis of ‘catch me if you can’

@austinh7110

2 жыл бұрын

Nvm they included it in the video

@mityaboy4639

Жыл бұрын

i think the ahead is the intentional mistakes on the notes and the harder and harder to replicate security measures. like on the old $100 bill the lamp post (the valid) has a missing line which tripped so many super notes which added this line because the ‘artist’ making the plate quite rightfully drawn it in - there are so many little lines are on a note that its easy to make assumptions to ‘accelerate’ the process of copying. so these traps are there to help stay ahead (banking on the idea that some will be missed by the copying party thus identifying the note by that mistake) of course there are reactionary steps too, but note printing and coin minting is always working on new concepts to make it just one step more difficult to create counterfeit money… and its not always about catching it at the till either. sometimes its okay to let the bad actors to let a few notes through for studying them and learning the path of the note to figure out who is in the background. i dont think there is much to do in a reactionary way about notes which are out in circulation (except a full replacement which is impossible that quickly anway) so its “ahead” in a sense that when they introduce a new version, it is full with traps and new stuff - and that they keep a very sharp eye on the market of tools to produce money and on the market where it enters the economy. (sorry, i am not lecturing you, just offering a different explanation- apologies if it felt different) it was a good video :)

9:40 sort of reminds me of the United States government running the printing press 24/7

Printers, at least new ones, will not let you scan a copy of US currency. I believe it’s only starting at one denomination and above. Like $20 and up.

"To Live and Die in L.A." is an awesome movie!

Why was Beverly Hills Ninja left out of this montage?

US paper money is almost impossible to counterfiet today with all the many safeguards in the money.The denomination strip inside the bills cannot be printed.

Should of had him do Beverly Hills Ninja. Baahahaha “Nice jacket. Who shot the couch.”

Look at that like ratio! Way to go man!

You forgot the best counterfeit money movie- Drake & Josh Go Hollywood

@kellylyons1038

2 жыл бұрын

🤣🤣🤣 i gotta revisit their movies

they should have showed some white collar episodes. that show is criminally underrated