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What it does export is invariably shrouded in mystery. Pyongyang exists frozen outside the global economy and raises funds through a host of backdoor activities, including the manufacture of counterfeit money and dissemination of its military secrets and technological capabilities to a whole network of dubious customers. As a consequence of Pyongyang's recent bellicose behavior, a new U.N. resolution passed this June forbids the country from exporting arms and authorizes member states to search North Korean vessels suspected to be carrying them, though they must first seek Pyongyang's legal consent - effectively, a non-starter. Nevertheless, the U.S.S. John...

Author: /time Magazine | Title: Why Burma May Be North Korea's Best Friend | 6/26/2009 | See Source »

...almighty dollar is designed to be uncrackable. From the distinctive feel of the greenback's cotton-and-linen-blended paper to its watermarks and color-shifting ink, the Treasury Department goes to excruciating lengths to ensure no one can counterfeit the world's most powerful currency. But the U.S. Treasury Department was no match for Art Williams, one of the most inventive and prolific counterfeiters of recent decades. After learning the craft at 16 from his mother's boyfriend, Williams, the product of a tough neighborhood on Chicago's South Side, went on to print an estimated $10 million...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...counterfeiters you write about seem to have a certain reverence for the crime's long history. Art's mentor, a man nicknamed "Da Vinci," insisted on listening to Italian opera while making fake bills because the music itself was old. Is that romantic aura part of what drew Art into the crime? Well, I think initially what drew him in was the desire to make money. But it does take a certain sensibility to be a producer of counterfeit money; you have to have an artistic sense. You have to have a respect for the craft and a creative personality...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...smart kid. He skips two grades, he's a straight-A student. That all gets subverted once he goes into the projects in Chicago. I think that 12-year-old kid is still in there wanting to come out, and I think it did with his counterfeit bills...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...skip through the Counterfeit Museum is not about macabre trivia. In many cases, the global trade in fakes is a matter of life and death. Fake pharmaceutical drugs - their active ingredients either missing or present in insufficient volumes to be effective - are proving increasingly difficult to discern by IP investigators. "The technology used to copy holograms [on packaging] is so good now that manufacturers have to change them all the time," Gautier said. "It's difficult to stay in front." Gautier also explains that product-counterfeiting, as with legitimate industries, is frequently determined by geography, and some countries have developed...

Author: /time Magazine | Title: Knock It Off: A Thai Museum for Counterfeit Goods | 6/8/2009 | See Source »

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