The excellent, recent German film, "The Counterfeiters" is based on real events. The Germans tried to use a master forger and his team to destroy the currencies of the UK and USA by printing money worth several times more than each country's reserves. This German inspired effort also represents the last big attempt to flood Britain and the US with specially printed money! However, one could argue that each country has been doing this already since the Fed was founded in 1913! For inflation has reduced the value of each currency by around 98% since the First World War.
Posted Sep 19, 2007
Towards the end of World War II, the National Socialists forged millions of British pounds in order to weaken the enemy's economy. A counterfeiting plant was set up with prisoners in the concentration camp in Sachsenhausen.