On April 12, 2009, the government of Zimbabwe officially abandoned its currency. You probably remember the stories; starting in the early 2000s, the Zimbabwe central bank began printing massive quantities of money in order for the government to make ends […]
Gold Prices Rally “Loses Steam” as Global Equities Rebound and Dollar Strengthens amid “Possibilities” of Rate Hikes
GOLD PRICES remained range-bound between $1336-1340 on Friday morning in London and is set to be higher on the week, in what some commentators called a “Rally Losing Steam” as global equities rose. The US Dollar remained solid amid strong […]
No, ISIS Isn’t Creating a Gold Standard In a post last week, I critiqued a prominent article about Islamic State in the Washington Post, in which Carol Morell and Joby Warrick suggest that, by massacring people in various locales, the […]
Alan Greenspan, Gold Under certain circumstances, seemingly decent human beings are capable of horrific things. So it is with Former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into the top post at America’s private banking […]
The concept of “sound money” evolved in the 19th century as many countries adopted the gold standard. It became associated with commodity money or “hard currency.” For example, Mises (1966: 782) stated: The principle of soundness meant that the standard […]
Harley Spiller: Keep the Change – A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency
Published on Sep 1, 2015 Museum of American Finance Check the event out at: http://www.moaf.org/events/general/ev… For upcoming events, please visit: http://www.moaf.org/events/index Harley J. Spiller – the Museum’s own “Inspector Collector” – began collecting money at age five when, home sick […]
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This infographic covers the process in which US currency is printed. Did you know that it costs the Fed $0.13 to print each $100 bill? The Process for US Currency Printing H/T Visual Capitalist Infographic source: Ink Technologies
How Much Will It Hurt BNP Paribas If US Authorities Ban Dollar Transactions?
By Ben Graham THE unprecedented spectacle confronts us of more than one industrial company in three selling for less than its net current assets, with a large number quotd at less than their unencumbered cash. For this situation we have pointed […]
Bitcoin has just taken another big step toward mainstream acceptance and usability with the announcement that DISH Network Corp (NASDAQ:DISH) will allow subscribers to pay their bills with the digital currency starting next quarter. As a Fortune 200 company with […]