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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It’s pretty cool – 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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It’s a friendly rivalry!
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And according to some reports, the 5 pound note is so much more awesome than Australia’s.
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So I felt like I had to look into it.
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I’m not letting my dollarydoos go down unjustly.
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"$900 Dollarydoos!"
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And it turns out – the science behind these two notes is exactly the same.
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They’re made from the same technology and the same materials.
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But the interesting thing is that the new 5 pound banknote wouldn’t even be around
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if it wasn’t 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 it’s
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own decimal currency.
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After a nationwide competition to name our notes – submissions included the “austral”,
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“boomer”, “kwid” and “ming” we settled on “dollar”.
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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 equipment– they pocketed eight hundred thousand dollars worth of forgeries
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in 1966 – 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 – it turned out one
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of them became a police informant – and there was a general distrust of $10 notes
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– some unions wouldn’t accept them in their pay packet – let’s call it the $10
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side-eye.
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Then the next year – 1968 if you’re playing along at home – the Reserve Bank of Australia
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turned to the national science agency CSIRO and said, “we need all of the science”
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or something to that effect I couldn’t 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 – the world’s 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 “the feel test” 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 it’s culminated in this
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$5 note, that was released in September, 2016.
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Look, there’s 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 – 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 Australia’s 10-er, there’s 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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There’s 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 “five dollars, five dollars, five dollars” 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 they’re
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super crisp and don’t 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 it’s
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non-fibrous and non-porous material.
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It has a strong plastic structure and while they’re really flexible they also have rigid,
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sharp corners – 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 – 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 – 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 Mexico
 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 don’t 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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It’s human nature to prioritize present needs and what matters most to us today.
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But, when planning for your retirement, it’s 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.