Category Archives: General

Euro counterfeit statistics update

The euro counterfeit business seems to be rather adaptable. Now that 100 and 200 € notes are looked at with suspicion by most merchants for a long time and the 50€ note has become (rightly so) also kind of suspect, the move seems to be into the 20€ and a bit into the 10€ note. While the 50€ seems to be still the sweet spot due to its good balance between high volumes in circulation which minimizes the scrutiny that a merchant spends on one note, the 20€ is clearly up and coming. So watch out for counterfeit 20€ notes. Also notable is that the 500€ note (I can not remember to ever have seen one in the wild) seems to gain popularity. If you do the math, it makes sense. If you can make a good 100€ or 200€ note, the step to 500€ is not that large in terms of production cost. But the gained net value is five times or 2.5 times as high. Still no reliable data on planned introduction of RFID tags into the money, which will open new opportunities to counterfeiters.

Data Source: ECB

PS: the total value of confiscated counterfeit euro notes is still at the peanuts-level: 15.229.500 €

Dear reader using an aggregator

Quite a number of people seems to read this weblog using a weblog aggregation service. The drawback is that most of the services do not re-fetch to gather updates (which I tend to make, especially when traveling) and some distort the sequence of postings. So I just wanted to kindly ask you to try out the RSS-feed with a RSS-reader of your choice (most browsers nowadays support feed subscriptions).

Day after tomorrow weather in Europe

Reading the reports about the serious cold wave in Europe, I wonder wether the gulf stream (north atlantic thermohaline) has already declined enough to be a culprit for this kind of weather. I also wonder wether european media will make the connection…

There is no economic crisis…

… only too many jobless people. Productivity gains are eating jobs faster then new jobs are generated by economic expansion (aka. Wachstum). I have said that now for quite some time. Fortunatelly Der Spiegel has now published some rather impressive numbers. In November 2005, compared to november 2004, the gross revenue of germans manufacturing industrial production grew by 6.6%, while the number of work hours needed actually shrank by 1%. Consequently, 78.200 jobs were lost.

While certainly there is some hope to generate new jobs in non-manufacturing industries, I would not count on that. The political mantra of “everybody who wants a job should get one” is no more then a hollow lie. We need new political solutions to the productivity problem, maybe some sort of “robot tax” is a possible solution to generate money to keep the unemployed financed.

If I look at the examples I know firsthand of actual industrial production, the potential for further rationalization and corresponding productivity gains are obvious. They are often just not yet implemented because they would require some long-term investments or the technology is not yet proven enough. Both conditions will not stop the next wave of robots for long, as more and more industries get into the innovation cycle of the IT industry.

Some small and mid-sized companies take another route, because the owners feel bad about firing the last few people they know and trust. They try to expand their production capacity with the same number of people, making probably someone else unemployed in a competing company that can not innovate or invest fast enough.

So, we end up with large parts of the population with no real job. We as a society need means to cope with that. Maintaining the status quo, where unemployment is a stigma that implies somehow that the unemployed are the only ones responsible for their fate, is cruel and dangerous. There is no way around a tax financed basic income for everybody and investments to channel the economically unwanted labor force into useful directions.

The basic income has huge implications, as it will make EU-style right of domicile difficult and make a couple of 100k unemployment-administration bureaucrats jobless. Probably, the states who introduce the basic income first will grab the chance to introduce biometric IDs for all citizens, as there obviously needs to be some way to not reduce the fraud from immigrants…

Update: Andreas also found the same numbers and has some interesting remarks on the same topic (in german).

Worth watching

Finally, someone has convinced Rop Gonggrijp to start blogging. Rop is a good friend and a really smart and interesting guy. I hope he will report about some of the nice stuff he did recently with What-a-Meshand other gadgets. And he got the coolest domain imaginable: read him at rop.gonggri.jp .

Find my joy in the simple things…

My first self-made sourdough bread. It is as tasty as it looks :-) Next time less flour on top and maybe a few minutes longer in the oven, but otherwise rather satisfying. Many thanks to Jule and Tom for the sourdough sample!