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To: At_The_Ask who wrote (204251)	11/12/2002 9:51:01 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

printing currency with a magnetic stripe that makes the money lose value the longer it stays in your wallet. My understanding is that they really did discuss this. Not sure how seriously. If they were even .002% serious we are in trouble. Could have been one of those brainstorming sessions where you just throw out any idea to see if it could be improved to make it work. M

To: At_The_Ask who wrote (204251)	11/12/2002 9:57:52 PM
From: Win-Lose-Draw	Respond to of 436258

why do they need a mag strip? cash has been doing just that for at least half a century.

To: At_The_Ask who wrote (204251)	11/12/2002 10:07:07 PM
From: benwood	Read Replies (1) \| Respond to of 436258

Some urban legends you don't even have to look up... If anything, it was a joke told somewhere and shoddy reporting (the norm it seems) took it from there. Banks would love this though... I assume when they give you $100 that deflates to $95 before you could spend it, and then while it sat in the cash register at Home Depot it further deflates to $90 before being handed out as change to some poor sap, yada yada. Somebody finally puts the money back in the bank and learns its value is only a dime. Then the bank reinflates it to $100 for the next customer, keeping the $99.90 windfall. Wait a minute... was JPM at that meeting?