What is particularly significant about the public inspection of the bank-notes in Chapter 8 of "Animal Farm"?
The inspection of the bank-notes looks more like a religious ceremony that celebrates the worship of the bank-notes. Napoleon, who is wearing all of his decorations, sits on a bed of straw which is on a platform above the other animals. The animals file slowly past the money as if paying it respect. Ironically, three days later, Whymper reveals that the bank notes are forgeries and the animals have been swindled. Frederick has received the wood for nothing. The next morning, Frederick and his men attack Animal Farm and blow up the windmill. This mirrors the dealings between Stalin and Hitler just before World War II. Stalin signed a non-aggression pact with Hitler, which allowed Hitler to expand into Central Europe without opposition from the Soviet Union. Then, the pact was made meaningless because Hitler turned around and invaded the Soviet Union.
After Frederick had cheated Napoleon and carted away all the timber by paying for it with forged bank notes, he placed these counterfeit notes on a china dish and displayed them publicly: "When it was all gone, another special meeting was held in the barn for the animals to inspect Frederick's bank-notes. Smiling beatifically, and wearing both his decorations, Napoleon reposed on a bed of straw on the platform, with the money at his side, neatly piled on a china dish from the farmhouse kitchen. The animals filed slowly past, and each gazed his fill. And Boxer
"The banknotes were forgeries! Frederick had got the timber for nothing!"