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From: tedrick@ernie.berkeley.edu (Tom Tedrick)
Newsgroups: net.legal,net.politics
Subject: Re: Recall $100 bills?
Message-ID: <12597@ucbvax.BERKELEY.EDU>
Date: Sun, 23-Mar-86 15:10:16 EST
Article-I.D.: ucbvax.12597
Posted: Sun Mar 23 15:10:16 1986
Date-Received: Tue, 25-Mar-86 03:37:40 EST
References: <12590@ucbvax.BERKELEY.EDU>
Sender: usenet@ucbvax.BERKELEY.EDU
Reply-To: tedrick@ernie.berkeley.edu.UUCP (Tom Tedrick)
Organization: University of California, Berkeley
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Xref: watmath net.legal:3161 net.politics:14116

>"It has been our experince in New York, and your own Comminsion on Organized
>Crime will confirm that it is so around the country, that $100 bills are the
>backbone currency of drug traffickers," Koch wrote.
>
> [ ... the "Koch Plan" to eliminate 100 dollar bills followed ... ]

>"A program of this kind would not only have a dramatic impact on the way the
>drug business is currently conducted, but might also have a deterrent effect
>on the underground cash economy," Koch wrote.

Oh, the poor drug dealers. They are going to have to carry around
5 suitcases full of 20 dollar bills instead of one suitcase full
of 100 dollar bills.

But suppose they manage to adjust to that. Here is the
"Tedrick Plan". Eliminate all currency and coins worth
more than a penny. THAT will slow the drug dealers down ... :-)

Driving around with a garbage truck full of pennies will be
considered sufficient evidence for conviction on drug charges.  :-)

But wait a minute. What are the DEA people going to do? Since
standard operating procedure is to flash a briefcase full of 100 dollar
bills to prospective "bustees", are they going to be put out
of a job? :-( So sad for them ...  :-)

The real solution is to force everyone to use Visa and Mastercharge
for all transactions. That way, the bankers will get to soak up
20 percent interest on all unpaid balances, while at the same time
the FBI will be able to keep track of ALL financial activities
of EVERYONE, and the IRS will be able to have an exact record
of your financial dealings so everyone will pay their "fair share"
of taxes. What a wonderful world that would be :-(   :-)
Besides, us hackers will be running the computers that make the
system go, heh heh heh ... 

We all know that it is impossible to pull off financial swindles
using computers :-)