Informative speech

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Counterfeit currency

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Informative speech

  1. 1. Counterfeit {koun-ter-fit]: to imitate or copy, especially with the intent to deceive. By: Lidia Rusnac Counterfeit currency Mt. Hood Community College – [Speech 111]
  2. 2. History Mt. Hood Community College – [Speech 111 ] 2 • No specific date that tells us when counterfeit currency started being produced • Traced back all the way to ancient times • “as long as there was currency being produced there were counterfeits”
  3. 3. • For Coin that was more common in the 1600’s but less common now, they used a technique called “clipping” • Clipping: the process of clipping off edges of legitimate coins and melting them together to make counterfeits. Stamping them with the denomination of your choice. • Variety of ways paper counterfeits are made • Most common is scanning and printing on paper • Using pieces of other bills to construct a full bill How it’s made Mt. Hood Community College – [Speech 111 ] 3
  4. 4. Current problems Mt. Hood Community College – [Speech 111] 4 • In 2010 alone there were 64.4 million dollars worth of counterfeits in circulation. • Highest number in 5 years • Why? Since the downturn in the economy people have become desperate for money • Counterfeiters mind set: “since I don’t have any money, I’ll just make some” • Problems likely to persist of get worse until the economy turns around
  5. 5. • Similar effect as to if there are to many legitimate bills printed • The more money being printed and being circulated in the economy the less value it holds • The more counterfeits being circulated into our economy the more the value of the dollar dilutes, and our dollar becomes less trusted. • The problem also arises when you find yourself a victim. You have just lost the value that was supposed to be that bill. In this time, every penny counts. How it affects us Mt. Hood Community College – [Course Title] 5
  6. 6. • In the 1600’s the punishment for the production of counterfeits was death. • It was considered an act of high treason and was treated as a very large crime. • There were warnings printed on the bills themselves that read “to counterfeit is death” • Today it is considered a federal felony and if found guilty you could serve up to 15 years in prison • On top of prison they seize all materials used in the production of the counterfeits. Punishments Mt. Hood Community College – [Course Title] 6
  7. 7. • Federal notes are made with characteristics virtually impossible to re create. • Things to look for: • 1. Ridges on the Jacket • 2. Rub against paper. Ink never dries so it will smear green when rubbed • 3. Outline of the presidents face on right side when held to light • 4. Security strip on left side. Can be seen when held to light • 5. Color. Darker/Lighter • 6. Texture/Thickness is always skewed. • If it looks funny, it’s most likely a counterfeit. Detection Mt. Hood Community College – [Course Title] 7
  8. 8. What to look for Mt. Hood Community College – [Course Title] 8
  9. 9. • Bring it to a bank • Banks send it to Secret Service and has it examined to try and find the source. What to do with a counterfeit Mt. Hood Community College – [Course Title] 9
  10. 10. http://wfhummel.cnchost.com/counterfeiting.html http://www.content4reprint.com/culture-and-society/current- affairs/different-legal-punishments-given-for-producing-counterfeit-money- by-different-countries.htm http://www.itestcah.com/history-of-counterfeiting.html References Mt. Hood Community College – [Course Title] 10
  11. 11. Thank you for Listening! The end Mt. Hood Community College – [Course Title] 11

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