Hi Ed,
At 19:15 28/05/01 -0400, you wrote:
>
>> Cordell...
>> One way to get rid of the underground economy and control counterfeiting
>is
>> to get rid of cash. With all transactions going through one charge card
>or
>> the other it will be easy to track and easy to tax. In the US now
>> depositing large amounts of cash (I believe over 10, 000 dollars draws
>> official notice). As a side effect it will also make surveillance quite
>> easy.
>>
(EW)
>Crooks are so clever these days that they would probably find a way of
>counterfeiting charge cards. It would be a bit of a challenge, but they
>could probably do it. Maybe they already have?
I'm pretty certain in reading some months ago that this is already being
done. In the UK there's been a surge in credit card fraud in the last year
that may be due to this.
Keith H
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Keith Hudson, General Editor, Calus <http://www.calus.org>
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