Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site cylixd.UUCP Path: utzoo!watmath!clyde!bonnie!akgua!akgub!cylixd!dave From: dave@cylixd.UUCP (Dave Kirby) Newsgroups: net.invest Subject: The Coming Currency Recall Message-ID: <245@cylixd.UUCP> Date: Wed, 4-Sep-85 12:52:40 EDT Article-I.D.: cylixd.245 Posted: Wed Sep 4 12:52:40 1985 Date-Received: Sat, 7-Sep-85 04:13:27 EDT Reply-To: dave@cylixd.UUCP (Dave Kirby) Organization: RCA Cylix Communications , Memphis, TN Lines: 48 I have received some query into my mention of the coming currency recall in my response to a colleague's question on gold investing. The information I have on it is sketchy, but here goes: The coming currency recall is, according to one of my doom-sayer sources, is a plan created by the Treasury Department and the Federal Reserve, in conjunction with finance ministers of several other Western countries, to replace our current U.S. paper currency with a new currency that will be impossible to counterfeit. This new currency is called "rainbow money" because it is reported to be already printed and uses a different color for each demonimation. It also has a thread running through it to make it impossible to counterfeit. The plan was for Japan to lead the way with a new currency of their own, and the U. S. would follow soon after. Last year, Japan announced their new currency, so it follows that a currency exchange is imminent in this country. The doom-sayers have "uncovered" this "highly secret plan" to replace the dollar suddenly, without warning. This is to catch the drug smugglers in their own game, making their cash profits of no use unless they go to a bank and exchange it for the new money. This will force the underground money to come above ground. That, say the doom-sayers, is the reason given by the government. But the "real" reason, according to them and their unimpeachable sources, is much more sinister. It is a way of debauching the currency without announcing an official devaluation; from what I can gather, the exchange rate will not be 1-for-1. This will, of course, throw us into another depression, and the banks will rack up a bunch of dough like they did in the last depression. (SMILEY FACE GOES HERE) I am getting facetious now; I really don't know what the actual "sinister" reason is behind all this. You see, my sources are the junk mailings I get from countless doom-sayer magazines which present these facts to tease me into subscribing to their magazines to find out more. None of the junk mailings has told me what the actual sinister reason is, and I'm not about to subscribe to find out. All I know is that more than one doom-sayer is predicting this. I believe I have also read an obscure reference to it in Barron's. If someone else out there has a more reliable source, please feel free (and urged) to post what you know. I must depend only on my junk mail for my information about the currency recall. (I don't know what kind of mailing list I have gotten on, but it's a lot of fun. /Dave Kirby