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The Best Banknote in the World! - YouTube
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You may have seen some videos doing the rounds
online: the new British 5 pound banknote and
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the new Australian $5 note being used as the
needle for a record player.
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Itâs pretty cool â they actually play
music!
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Oh that's so cool!
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But like any story involving Britain and Australia,
one of us had to do it better.
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Itâs a friendly rivalry!
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And according to some reports, the 5 pound
note is so much more awesome than Australiaâs.
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So I felt like I had to look into it.
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Iâm not letting my dollarydoos go down unjustly.
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"$900 Dollarydoos!"
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And it turns out â the science behind these
two notes is exactly the same.
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Theyâre made from the same technology and
the same materials.
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But the interesting thing is that the new
5 pound banknote wouldnât even be around
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if it wasnât for the Australian dollar.
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Let me take you back in time.
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On February 14 1966, Australia broke free
from the mother country and released itâs
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own decimal currency.
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After a nationwide competition to name our
notes â submissions included the âaustralâ,
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âboomerâ, âkwidâ and âmingâ we
settled on âdollarâ.
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Pretty unoriginal.
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Around the same time, some guys in a Melbourne
pub hatched a plan to print fake notes with
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simple office equipmentâ they pocketed eight
hundred thousand dollars worth of forgeries
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in 1966 â an adjusted value of over ten
million dollars today.
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They got some serious bank.
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But, the next year, most of the guys from
the pub went to jail â it turned out one
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of them became a police informant â and
there was a general distrust of $10 notes
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â some unions wouldnât accept them in
their pay packet â letâs call it the $10
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side-eye.
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Then the next year â 1968 if youâre playing
along at home â the Reserve Bank of Australia
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turned to the national science agency CSIRO
and said, âwe need all of the scienceâ
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or something to that effect I couldnât actually
find a direct quote so I just made that one
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up.
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And they teamed up to create the polymer banknote
â the worldâs most secure cash money that
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debuted in 1988.
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It underwent a lot of testing leading up to
its release, like âthe feel testâ that
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I found this picture of.
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Just gonna leave that up here for another
second.
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From there the polymer banknote technology
kept improving and itâs culminated in this
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$5 note, that was released in September, 2016.
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Look, thereâs the Queen!
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Hi Liz!, if you're watching.
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Please subscribe.
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These banknotes have a fair bit of bling,
like this transparent window that has an Optically
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Variable Device â it splits and diffracts
light into several beams, so their appearance
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changes when the note is viewed in different
directions.
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In fact, the anti-counterfeiting features
of these notes are full of cool party tricks.
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If you carry a clip on microscope lens around
in your handbag like I do, you can see the
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microtext printed on the $10 note.
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I kind of wish I was joking but I do actually
take this everywhere.
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On Australiaâs 10-er, thereâs the poem
The Man From Snowy River, which is printed
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as shading behind the man who wrote it, Banjo
Patterson.
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Thereâs a bunch of microtext on notes where
it looks like shading.
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"Where the wild bushhorses are and the stockhorse
snuffs the battle with... 10 dollars, 10 dollars,
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10 dollars, 10 dollars, 10 dollars.
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Isn't that great?
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On the new $5, it says âfive dollars, five
dollars, five dollarsâ you get the picture.
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But, of course, the best party trick is that
you can use the notes as a record needle.
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Really you can use any of the older notes,
the new ones just work better because theyâre
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super crisp and donât have as much wear
and tear.
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Okay, let's see if I can actually do this.
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The polymer these notes are made from is called
BOPP, kind of fitting in this case, and itâs
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non-fibrous and non-porous material.
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It has a strong plastic structure and while
theyâre really flexible they also have rigid,
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sharp corners â more so than other fibrous
materials like paper.
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These pointy corners are the key to making
music, because they ride along the groove
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in the record and the tip of the note vibrates
back and forth in the groove.
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It kinda wiggles around in there.
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The rest of the note carries these vibrations
along its length and the air around the note
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vibrates too.
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The banknote actually amplifies the sound
â just like those big horns on something
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more old school, like a phonograph.
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Our brains decode those vibrations to give
us the sensation of sound â all being created
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by the beautiful harmony of a record and these
dolla dolla dolla dolla dolla bills.
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And in the last 20 odd years, this polymer
banknote technology has been licensed to 24
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other countries.
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It's used in notes from Canada to MexicoâŠ
but not in between.
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(Seriously, these are terrible).
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So thanks for using our Australian science,
Britain!
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And all those other countries around the world
too.
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Please donât claim to have a better banknote
than the humble dollarydoo.
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I hope everyone realises how cool these things
you just have in your wallet are.
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Thanks to Prudential for sponsoring this episode.
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Itâs human nature to prioritize present
needs and what matters most to us today.
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But, when planning for your retirement, itâs
best to prioritize tomorrow.
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According to a Prudential study 1 and 3 Americans
is not saving enough for retirement and over
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52% are not on track to be able to maintain
their current standard of living.
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Go to www.prudential.com/savemore and see
how if you start saving more today, you can
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continue to enjoy the things you love tomorrow.
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Thanks to Prudential for sponsoring this episode.
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We all want our future to be as secure as
our present.
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But studies have shown that people have a
tendency to place a higher value on immediate
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rewards than future rewards.
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In terms of our finances, most Americans only
focus on the financial needs of today.
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According to a Prudential study, over half
of Americans are not on track to be able to
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maintain their current standard of living
in retirement.
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Go to prudential.com/savemore to learn more
about how you can better plan for your retirement.
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