Thursday, May 8, 2014

Real Money vs Counterfeit Money Final Project

A Trillion Copies

I chose to create a film for my final project in regards to Jean Baudrillard and his three orders of Hyperreality & Simulacra counterfeiting money falls into the first order of simulacra. It is trying to represent the real by imitating it. There is a representation of the real, and it is obviously artificial (that is, if the person handling the money understands the difference between counterfeit and real money). Any member of the US Secret Service would agree that counterfeit money does not supersede the real.

Within my report I discuss the history of the United States currency, and how it is regulated and produced, as well as the differences between real and counterfeit money.  I believe unless actually knowing all of the intricate details and components that are put into designing, creating, and distributing money it may be hard for a typical person to realize the money in their bags could be counterfeit bills. For experts, such as the United States Secret Service and/or anyone that deals with US currency on a regular basis (and is trained on how to detect fake money) one can detect flawed bills. There are clear indications on every US currency, such as the portrait/design, Federal Reserve and Treasury seals, the border, serial numbers, and the paper. Within my video, all of these details are explained in further detail.

According to The Federal Reserve in regards to the number of US currency in circulation currently, “There was approximately $1.27 trillion in circulation as of April 30, 2014, of which $1.23 trillion was in Federal Reserve notes.” This means trillions of copies of the original design of a real US dollar bill are currently circulating throughout the world. 
[this is my video]

I didn't get to put this in the film due to technical problems, but I found it SO interesting...I went to different stores on Main Street and asked the cashiers questions about if they knew how to tell if money is real or counterfeit, and every place I went to [besides the owner of Samahas] said the didn't know and weren't trained to know (keep in mind too most cashiers were college students, but nonetheless interesting). After doing this project I think if we as Americans, educate ourselves about our currency, then we are better off and less likely to pick up/use counterfeit money…because it isn't real.

Attached is my essay.

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