Online Stock Trading - Fake Chinese Currency On Sale Online
Fake currency from China, whatever next? After fake designer handbags, fake toothpaste, fake toys with lead paint, fake poisonous baby milk, the Chinese have now taken counterfeiting to its logical conclusion with fake Chinese currency, the renminbi, on sale on the Internet.The Chinese state is proving ineffective in stopping the counterefeit trade, as fake currency is easily available, if you are looking for some just search on "counterfeit bank-notes for sale" on Baidu, China's largest search engine, allegedly, although I couldn't find any as it was all in Chinese. Why are the Chinese so good at political repression yet so ineffective against the counterfeiters? (Just thinking aloud.)
Many websites claiming to offer online trading in fake currency appear to have been blocked, but those enterprising souls at the Financial Times found sellers who said that Rmb100 notes ($15) were not available as a result of police action but there contact recommended Rmb50 and Rmb500 notes instead.
Prices ranged from 33% of the face value to just 10%. Cash os delivered by courier after payment into a bank account. This is described as "normal procedure for website sales of counterfeit notes". How about fake forex? Could online forex trading be fake too? What about those make money online sites? Pretty soon we will learn that everything is fake. Fake bloggers? Perish the thought. Somebody wake me up!
Now I'm just a simple soul, but I would have thought that selling a country's currency for 10% of its face value would have rather disastrous effects on that country's economy. If it happened here of course it could be quite useful, as I could certainly do with increasing my wealth 10-fold overnight.
0 comments:
Post a Comment