SUPERNOTES….From the “minor curiosity” file: A report from Switzerland, the acknowledged masters of banknote printing, concludes that it’s unlikely that North Korea is the source of the counterfeit “supernotes” that have been circulating around the world for the past few years. But there’s also this:

For years, analysts have wondered why the supernotes — which are detectable only with sophisticated, expensive technology — appear to have been produced in quantities less than it would cost to acquire the sophisticated machinery needed to make them…..”What defies logic is the limited, or even controlled, amount of ‘exclusive’ fakes that have appeared over the years. The organization could easily circulate tenfold that amount without raising suspicions,” says the Swiss police report, which also says Switzerland has seized 5 percent of all known supernotes.

Moreover, it noted that the manufacturer of the supernotes had issued 19 different versions, an “enormous effort” that only a criminal organization or state could undertake. The updates closely tracked the changes in U.S. currency issued by the Federal Reserve Bank.

That is odd, isn’t it? The production of fake notes is far too low to cause any economic damage to the U.S., and whoever’s doing it is apparently operating at a loss. You’d have to be deranged to set up a massive counterfeiting operation that (a) had no effect on your target and (b) lost money in the process.

Which, come to think of it, points the finger back toward North Korea, doesn’t it? Maybe Kim Jong-il doesn’t care if the operation makes money as long as he still has some American cash to buy his goodies with.