The following article was written on October 25. I wanted to read it over once more before publishing it, then got busy with other things and forgot about it. In the roughly six weeks that have passed since the writing of this article, the Bitcoin prices have gone from roughly $200 to over $700. There . . . → Read More: Writings of J. Todd Ring: The rise of Bitcoin: and the challenge to the global domination of big money
Editorial cartoonist Dan Murphy has created a parody of a Canadian bank note featuring maligned senator Mike Duffy — he of the fraudulent $90,000 in expense claims.
The humourless Bank of Canada, however, demanded the cartoon be removed in an email sent from their “anti-counterfeiting compliance program.” The Bank argues that the parody violated their . . . → Read More: Art Threat: Bank of Canada cries counterfeit over Duffy Buck cartoon
All the attention focused on how costly it is to make pennies is worth less than any piece of copper.
For much of last year the most popular cited reason, the go-to justification for scrapping the penny was that making one costs more than what it’s worth. Simple economics, or even simple logic shows . . . → Read More: The Scott Ross: Penny Wise, World Foolish: Pennies Never Cost A Cent
Via YouTube: Dan Mathews has done us all a favor, with his educational documentary, as he reveals common misconception in how we deal with banks. Watch and laugh as Dan catches our politicians off guard with some simple questions. These questions are simple, but you’d be surprised who actually has trouble answering. In the end . . . → Read More: The Canadian Progressive: Oh Canada – Our Bought And Sold Out Land (VIDEO)
A Swiss-based company has introduced credit card size sheets of gold that can be broken like a chocolate bar into 1 gram pieces, and they are rapidly growing in popularity across Europe – especially in Germany, where the people still remember the massive devaluation of the currency and the pain of hyperinflation. The current market . . . → Read More: Writings of J. Todd Ring: Credit card size sheets of gold for uncertain times
I remember way back when when I was in school, not back in the days of the one room schoolhouse but back in the days of the eight classroom schoolhouse with one class for each grade when everyone walked to school, learning about maple trees and maple l… . . . → Read More: THE FIFTH COLUMN: If a Tree Falls in the Forest is it not Canadian if it Originated in Norway
I remember way back when when I was in school, not back in the days of the one room schoolhouse but back in the days of the eight classroom schoolhouse with one class for each grade when everyone walked to school, learning about maple trees and maple leaves. We learned about the Norway Maple, and . . . → Read More: THE FIFTH COLUMN: If a Tree Falls in the Forest is it not Canadian if it Originated in Norway
Last month, the Royal Canadian Mint put into circulation a new generation of loonies and toonies.
The Royal Canadian Mint, however, did not give Canadian cities official notice of when the new coins would be distributed.
Canada’s new loonies and toonies are costing Canadian cities, as well as retailers and other coin-operated businesses a . . . → Read More: somecanuckchick dot com: New coins costing Canadians a lot of cash…
Move your money now – put it into gold, silver, and if you can, more importantly, a piece of land that can feed your family, tools for self-reliance such as solar and wind energy, seeds and garden tools, a trailer, teepee, yurt or cottage, in cas… . . . → Read More: Writings of J. Todd Ring: BBC speechless as trader tells truth: “Collapse is coming… and Goldman Sachs rules the world”
During the nineties, the predominant form of economic crisis that could hit a nation was the currency crisis whereby the value of a countries currency drops precipitously. Most infamously was the Asian financial crisis, whose effects rolled around the… . . . → Read More: Progressive Proselytizing: The similarities between debt crises and currency crises
Separate reports this week in the Swiss newspaper Neue Zuericher Zeitung (NZZ) are highlighting the difficult choices Switzerland, and by extension other nations, are facing in the continued onslaught of effective currency devaluation by US and Eurozone officials. The Greenback and the Euro have fallen significantly against the Franc and other currencies in the past . . . → Read More: World Headlines Review: Switzerland: Swiss Franc -ly Under Attack
This week’s Economist magazine’s headlining articles and cover-page, ‘Buying up the world- The coming wave of Chinese takeovers’ highlight the process and nature of foreign takeovers by Chinese firms. The piece offers surprisingly little discussion or speculation as to China’s deeper motivations and timing in its recent takeover bids for large multinational companies, or as . . . → Read More: World Headlines Review: East eats West?
The conclusion of the most recent G20 summit in Seoul last Friday, hailed as a success for political reasons by attending politicians, was punctuated with the following agreed upon statement: “Uneven growth and widening imbalances are fueling the temptation to diverge from global solutions into uncoordinated action… uncoordinated policy actions will only lead to worse . . . → Read More: World Headlines Review: Seoul G20: Perplexing Conclusion, Clear Result