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08 Aug 2011 10:22

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Biz: As stocks go to hell, gold reaches new record high — and then some

  • $1,718 Glenn Beck was right or something source
  • » This is worth keeping an eye on: With the U.S. dollar facing new scrutiny as a result of the S&P’s credit downgrade, gold prices will reflect more than ever as a bellwether of how investors feel about paper currency. And so far, it’s not looking good. (Note: Price above reflects per-ounce price of gold, which means that if you had a pound of gold sitting around your apartment, you’d have one really expensive paperweight.)
Posted by Ernie Smith • 0 Comments • Permalink

11 Jul 2011 15:01

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World: South Sudan is getting their own currency

  • South Sudan is finally able to do things we take for granted. For instance, they played their first soccer game on Sunday evening. The other big thing is that they’re getting their own currency now. The South Sudan pound is going to have a picture of John Garang on it — he was a key player in South Sudan’s long and bloody quest to becoming an independent nation. They’ve actually had problems because their new currency wasn’t implemented sooner. It was difficult to pay salaries, since there hasn’t been any native currency to pay them with. It’s one of many problems facing the young nation. Luckily, this particular problem may soon go away. source
Posted by Justin Jones • 0 Comments • Permalink

24 Apr 2011 12:02

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Biz: Gold’s explosion in value, and what that means for the U.S. dollar

Is the rapidly-increasing price of gold due to the U.S. dollar losing its value? Or is it because gold-hawkers bought all that extra advertising on Glenn Beck? source
Posted by Ernie Smith • 0 Comments • Permalink

30 Jun 2010 10:19

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Biz: The UN says what we’re all thinking about the dollar bill

  • It’s too unstable. It shouldn’t be the basis of international currency. Who the heck decided the dollar was king? Nobody knows, but the United Nations are fighting back, saying that countries who have based their currency on the dollar have seen their own currencies become undervalued. We suggest they switch to Monopoly money. Everyone wins that way, kinda. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2009 23:17

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Biz, World: Advertising, newspapers, Zimbabwe & activism intersect. Whoa.

This may be the boldest advertising campaign we’ve ever seen. Zimbabwean currency, used for ads. Amazing. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Feb 2009 10:01

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Offbeat: It’s like a symbol of our economy being flushed down the toilet

  • €10,000 was literally flushed down the toilet source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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