Friday, September 6, 2013

Peru is NOT the dollar counterfeiting capital of the world

I disagree with this news article that Peru is the dollar counterfeiting capital of the world.

Here is its evidence: "Over the past decade, $103 million in fake U.S. dollars "made in Peru" have been seized..."

The Fed's QE3 program injects $85 billion into the economy each month; therefore, Peru's counterfeiting operations over the last ten years represents only 52 1/3 minutes of money printing by the Fed.

It is beyond a doubt that the Federal Reserve Bank is the largest counterfeiter of dollars in the world.

1 comment:

  1. I was about to leave just such a comment at the article site.

    Don't counterfeit, the feds don't like competition.