Antidote for Virus 2002

Welcome to another Stratos Ltd. web page, introducing the greatest "economic" danger, ever existed, and suggests: The Antidote CurrValNet, containing WO 00/05688, patent granted to T. G. Paraskevakos!

2002 Euro Exchange Timing Bomb Diffusion “Anticipation and prevention of the 2000 bug (Y2K) limited the problem.” The decision of the 12 countries entering the EURO zone results the first time in History that so many countries will exchange their local currency simultaneously. For first time, such exchange will occur with so little information available, as such event never occurred before. This results in the 2002 bomb. Should it be activated, the results will be IRREVERSIBLE causing catastrophe of the economies of the states and inevitably decreasing the living standards in Europe. First time the technology is overwhelmingly available to the perpetrators. Hence, the big opportunity arose for the "organized", "unorganized", "regional", "international", "professional" and "amateur" perpetrators. They can produce and bring into the market “perfect” counterfeits. The defense of the governments is to be one step ahead of the counterfeiters. The perpetrators, eventually, catch up with every feature and obstacle introduced. There is nothing that the “organized” counterfeiters cannot do, except, of course, to invent new serial numbers. They are always forced to use the same serial numbers more than once, or use out of range numbers. For first time in History, so many citizens in economically deprived countries, ex-eastern block and third world countries, have available technology and knowledgeable scientific inexpensive personnel in the disposal of the “organized” perpetrators. For first time, so many honest cashiers will face the temptation to become billionaires overnight in schemes that probably will become undetectable. Another great advantage that perpetrators will use is the ignorance of the public on the appearance and form of local currencies in other countries of EURO zone. The European Commission after studying the problem published the COM 474 final (1998) document FOR THE PROTECTION OF EURO AND COMBATING COUNTERFEITING. This report analyzes the legal and technical measures for the deterrence on counterfeiting of the EURO but takes no measures for the protection of the local currencies. Hence, the acceptance of “perfect” fake banknotes in the points of exchange will result the economic disaster of the countries and EU, as special state of the art counterfeit detectors have not been anticipated. Yet, nobody has neither the information and the scientific knowledge to guarantee, nor, obviously, the authorization to take the RESPONSIBILITY to assume that such “perfect” banknotes are not in the market today. A near "perfect" currency cannot be detected by the existing technology; except in a few centralized facilities, which don’t deter the counterfeiters. So, such currency can be blended within the economy without affecting the balance of inflation. The existence of “perfect” counterfeits is unpredictable today, despite the high cost effort taken to seize them. That is because no bank or country can authorize a study for the amount of counterfeits since acknowledgment of counterfeit existence will adversely affect the economy of the country. The counterfeited banknotes are mixed with original ones but doesn’t cause significant effects on the local inflation since a great amount of money is reserved in private, for legal or no so legal reasons. Furthermore, some currencies, such as DM, are traded in many other countries. So, any amount of counterfeits does not directly affect the German Economy, until, of course, the 1st of January 2002, when all this outside counterfeits will be presented for exchange. From 1/1/2002 till 1/3/2002 over 400,000,000 transactions are anticipated to take place, demanding millions of man-hours and perhaps numerous complains from the customers. And if the system is not enriched with the ability to anticipate needed control mechanisms against some opportunist, “managers”, “dealers” or “cashiers”, E.U. and member states will loose a great deal of money. If the system is not taking measures for the surveillance from the managers and unit managers, the EU and each country will loose significant amounts from “canny” cashiers (there is a need of about 100,000 employees on a fulltime basis to cover the 400,000,000 transactions) that will take advantage from the unique opportunity. During that exchange period all currency stored privately, outside banks and the financial institutions, money that banks have no means to estimate, will be presented for exchange. At that time, if equipped, the authorities can take the opportunity to validate the legality of this cash and of course examine each case for the compliance within the tax law. Unfortunately, many ignore the “2002 Bomb” but that does not eliminate the problem. Some might “know” the existence of the problem, but believing that there is no available solution, are wishing that the disaster will pass. But, we all know disasters do not pass by wishes alone. The Council of the EU is fully aware of that attitude and have issued the Framework Law 2000/383/JHA, in which in Article 8 (Liabilities of Legal Persons) states specifically that Legal Persons are responsible not only to undertake any measurements to protect EURO, but are also liable for lack of supervision, control and any other measurements they should take in advance. Our company is in position to offer a patented, technologically and economically feasible program to prevent this possible catastrophe and furthermore, to provide additional currency tracing abilities, which can solve many other Community problems, such as armed robberies, drug trafficking, tax evasion, money laundering and many more. We provide the maximum possible deterrence for the counterfeiters, and allow the government authorities to be one step ahead of the perpetrators. Step so big that the perpetrators will NEVER overcome, no matter how much help the technology today and tomorrow will offer them.

THE BOMB OF 2002

Existing Situation:

THE VIRUS OF 2002: Most member states of the European Union will exchange their local currency to EURO, in 2002. All those countries will pay the corresponding EURO to all who bring local currency, within several months. This will be the first time in human history that such change will occur. This is the time that all the currency "real" and counterfeited will be brought to "exchange" points. The future economy and all the consequence activities of all those countries, communities and citizes will greatly depend on the amount of the counterfeited currency. COMBATING COUNTERFEITING: The Network and the whole idea, patent granded to Mr. Theodore Paraskevakos, secures the recognition of all the counterfeited currency, including the "perfect" counterfeiting cases. "DIRTY" MONEY: The proposed system will enable the authorities to "economically" trace all illegal trade, drug, extortion, robbery related money. SECURITY: The establishments having the system installed in their premises have highly reduced probabilities to be "forced", in any way. PARAMETRICITY: The system is parametric, so that it can be used with banknotes of any country in the world. The system can be applied to protect other issues and merchandise, subject to other illegal conditions and activities.

Since March 5, 2000 Thank you for being visitor #

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Efstratios N. Soubassakis, Dr. Eng., CEM