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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (51938)1/29/2006 2:53:35 AM
From: shades  Respond to of 110194
 
Yah - but remember that link I sent you on cheap Latin America trips - 100 bucks for the weekend all inclusive! Who wants to go to switzerland anyways - bunch of stuffy old men like soros raining on everyones parade! Lets go to the land of cocoa and exotic women!



To: John Vosilla who wrote (51938)1/29/2006 11:13:59 AM
From: shades  Respond to of 110194
 
The "outside the box" way to stop people from demanding cash!

alwayson-network.com

Mystery: Front page WSJ Story 1/26
Kazak police hunted for US bills that the central bank warned have radiation levels far in excess of normal for unknown reasons
Leslie Wright [] | POSTED: 01.27.06 @17:17

Front page of the Wall Street Journal, yesterday 1/26/06, Vol. CCXLVII No. 21, World-Wide column, 3/4 down the page:

"Kazak police hunted for U.S. $50 and $100 bills that the central bank warned have radiation levels far in excess of normal for unknown reasons."

That's it. No follow-on information. Try a google search on it. Nada. Zip. If you have the print addition of Thursday's WSJ, take a look for yourself.

Any theories?

(84 views) [2 opinions]

Member Comments

One link to one story today from a credible source, at a pay site:

healthcareindustrytoday.com

Radioactive US dollars imported to Kazakhstan 27 Jan 2006 16:05 GMT

"January 27, 2006. KAZINFORM. /Zhan Buldekbayev/ - The radioactive United States dollars imported to Kazakhstan make serious threat to the health of people as the power of the exposure doze of gamma ray exceeds the ..."

Healthcareindustrytoday.com

Theory: The unresolved U.S. anthrax bio-terrorism mystery from 2001 and this event are tests by terrorists of the efficacy of contaminating the U.S. cash money supply. As in, What would happen if Americans learned that the cash in their wallets may be infected with anthrax or be radioactive?

Counter Argument: In the short run, there'd be a period of hysteria. Businesses that run on cash payments would be hurt. But this is unlikely to cause much economic disruption long term. The treasury would print fresh money and provide locations, probably local banks, where cash in circulation can be exchanged for new cash. In the mean time, middle class and up people who have bank accounts with debit and credit cards will feel little to no impact, while poor people who do not have bank accounts will suffer the most. America's poor are not the main targets of terrorists. Thus this is not a suitable strategy for terrorists.

On the other hand, if U.S. currency is contaminated overseas, fixing the problem and restoring confidence will be far more complex. And there is 2x more U.S. currency overseas than in the U.S.

"In 1995, over $380 billion (380 G$) in U.S. currency was in circulation, two-thirds of it outside of the United States. As of April 2004 nearly $700 billion [1] was in circulation, with an estimated half to two-thirds of it still being held overseas [2]."

United States dollar

Revised Theory: These are tests by terrorists of the efficacy of contaminating the U.S. cash money supply outside the U.S. What would happen if non-Americans learned that the dollar cash in their possession may be infected with anthrax or be radioactive?

Hard to estimate, but probably a significant impact on the perceived value of cash dollars and a mass, global hysteria to get rid of them with immeasurable negative short term and long term economic consequences.

Leslie Wright | POSTED: 01.28.06 @13:36