The Next Thing in Money
Posted by admin / Under Currency Risk
When times get tough, the tough . . . switch currencies. A fascinating report by Eric Garland in The Atlantic tells of the upswing in “local currencies.” In the United Kingdom, the Brixton Pound is being floated, engraved on its paper notes the likes of “David Bowie in his Ziggy Stardust era.” Pegged to the British pound, it serves mainly as a scheme to promote local business and trade, though maybe it’s a tad more than mere boosterism. Bavarians are also “enthusiastically using the local currency as a protest” — the local currency being the “Chiemgauer.” And “similar currencies have...
Published on Tuesday 22nd of May 2012 04:37:34 AM
The Insanity of Being Human (LazVanity)
Posted by admin / Under Currency Risk
Cats are genetically wired to behave in ways that humans see as insane. They often torment and play with their prey, for example, in a manner that we would call 'sadistic'. Sadism, to humans, is not a sane characteristic. Sometimes it seems that humans are also genetically wired to behave insanely. Let us look at the votes recently taken in Greece, France, and Germany. In all three cases, the concept of austerity (read: fiscal responsibility) has been completely rejected by their populations. In one case, France, the populace actually elected a labeled Socialist. The financial systems of most of Europe...
Published on Tuesday 22nd of May 2012 04:37:34 AM
Old $50 bill found real, but not before bearer arrested
Posted by admin / Under Currency Risk
SHELBYVILLE, Tenn. (AP) — Tennessee police are apologizing after arresting a man for using a $50 bill they thought was fake but that turned out to be real. Police in Shelbyville thought the bill was counterfeit after a convenience store clerk called them. The clerk said a marker used to detect false money didn't show the bill was real. (excerpt - read more at link)
Published on Tuesday 22nd of May 2012 04:37:34 AM
Time To Accumulate Gold And Silver
Posted by admin / Under Currency Risk
Time To Accumulate Gold And Silver By Jeff Clark 05/01/12 Do you own enough gold and silver for what lies ahead? If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk. After speaking at the Cambridge House conference last month and talking with many attendees, I came away convinced that most investors fall into one of two categories: those who hold an abundance of gold and silver (which tends to be physical forms only), and those with...
Published on Tuesday 22nd of May 2012 04:37:34 AM
Police arrest man for having real $50 bill
Posted by admin / Under Currency Risk
Tennessee police are apologizing after arresting a man for using a $50 bill they thought was fake but that turned out to be real. Police in Shelbyville thought the bill was counterfeit after a convenience store clerk called them. The clerk said a marker used to detect false money didn't show the bill was real. The Shelbyville Times-Gazette reported Officer Brock Horner arrested Lorenzo Gaspar on Friday. But a police evidence technician told the arresting officer that some old bills don't react to the markers. So police gave the money to two banks to check, and they said it was...
Published on Tuesday 22nd of May 2012 04:37:34 AM
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