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Users that often use this tag:
reenum (9)
kliuless (7)
Fizz (3)
the man of twists ... (2)
nickyskye (2)
gman (2)
infini (2)
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Twenty four days to go

The second televised debate between Alex Salmond and Alistair Darling is to be shown across the UK tonight. After a lacklustre first debate, the final days of the referendum campaign are ticking down. There are signs of growing momentum for the Yes side, with undecideds moving to Yes in some polls and the 'Yes Declaration' recently hitting a million signatures. But the Better Together campaign still has some heavy hitters on side, with Sir Ian Wood recently casting doubt on oil extraction figures he had previously agreed with. [more inside]
posted by Happy Dave on Aug 25, 2014 - 223 comments

Currency Wars

Currency Wars, or Why You Should Care About the Global Struggle Over the Value of Money In October 2010, the Brazilian Finance Minister made news by claiming an 'international currency war' had broken out. The term 'currency war' promptly became a buzz phrase with commentators and public officials warning about the dangers of these wars and their historical roots in the Great Depression. The U.S. government, in turn, has applied the idea to China, which it has accused of currency manipulation for the better part of a decade. So why does this matter? And how unusual is this all? Historian Steven Bryan puts currency wars in historical perspective and reminds us that currency policy is inextricably linked to national interests and that manipulation is the historical norm, not the exception. [more inside]
posted by infini on Jul 19, 2014 - 25 comments

And you will know my name is the lord.

It's Time For a Hard Bitcoin Fork. "A Bitcoin mining pool, called GHash and operated by an anonymous entity called CEX.io, just reached 51% of total network mining power today. Bitcoin is no longer decentralized. GHash can control Bitcoin transactions."
posted by chunking express on Jun 14, 2014 - 162 comments

A penny for your thoughts? OK, make it a nickle...

Across Canada a beloved and familiar face is silently disappearing. Everyday transactions in shopping centers and banks are slowly feeding a systematized extinction unnoticed by most. The object of destruction: the Canadian penny. -- via PBS NewsHour
posted by jim in austin on Apr 22, 2014 - 77 comments

I Have a Chinese Banknote That Everyone in China Is Scared Of

In China, there are certain "bad notes" that frighten people and are refused as legal tender. Why?
posted by reenum on Jan 16, 2014 - 77 comments

A Hundred Bucks Says You Won't Read This Story

Esquire's Chris Jones looks at the old techniques used to make the new US $100 bill.
posted by reenum on Dec 9, 2013 - 50 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

In mathematics we trust.

The future of Bitcoin. Also, how to buy one at CVS.
posted by xowie on Apr 4, 2013 - 135 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

Canadian Penny, 1858-2013

Today is a new day in Canadian specie, being the last day that the Royal Canadian Mint will distribute the penny. Cash transactions will now be rounded to the nearest $0.05. CBC posts an obituary. [more inside]
posted by dry white toast on Feb 4, 2013 - 230 comments

Suds for Drugs

How Tide detergent became a drug currency (similar story previously) [more inside]
posted by aerotive on Jan 8, 2013 - 75 comments

Defaced Money

"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both. Defacement of currency in such a way that it is made unfit for circulation comes under the jurisdiction of the United States Secret Service." - source
"Defaced Money" tagged Tumblr posts, 11 more impressive examples of creatively defaced currency, 101 Unusual, Impressive And Illegal Pieces Of Defaced Currency, and some cool guitar picks.
posted by spock on Jan 7, 2013 - 7 comments

Because one cigarette paper costs six copper pennies?

Why Are People Hoarding Coins?
posted by telstar on Dec 18, 2012 - 85 comments

For all debts, public and private

Banknote.ws attempts to collect and classify images of all the world's paper currency, both historical and modern, whether it's sublimely beautiful or utterly worthless. If you prefer your banknotes with snarky commentary, hasten to James Lileks' Engraveyard.
posted by theodolite on Dec 13, 2012 - 15 comments

New Zealand loves its "precious"

In anticipation of "The Hobbit" movie, New Zealand has issued "Lord of the Rings" themed coins that are legal tender.
posted by reenum on Oct 14, 2012 - 92 comments

Monetarists Anonymous

Three Years In, Bitcoin Gains Momentum [more inside]
posted by the man of twists and turns on Oct 14, 2012 - 64 comments

"they were never meant to be smoked in the first place."

Cigarettes: The Most Stable International Currency. In China, expensive cigarettes (not to be confused with counterfeits of popular brands) are sometimes used as bribes. Cash can be difficult to handle, or outright illegal, in some places. Since a smoking ban (and subsequent black-market trade in cigarettes) in US prisons, canned mackerel (previously on MetaFilter) has become the exchange medium of choice. [more inside]
posted by the man of twists and turns on Oct 2, 2012 - 34 comments

LETS

Start Your Own Currency - "In the Catalonia region of Spain, a restaurant and a community garden are part of an experiment in alternative cash--they are accepting a home-grown currency called the Eco as well as the Euro." [viz. gated article (Google link), cf. The Wörgl Experiment]
posted by kliuless on Aug 27, 2012 - 29 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

In Canada, Alternate Currency Keeps Traction With Fans

Canadian Tire Company coupons, thought of by some as an alternative Canadian currency, may be on the way out. [more inside]
posted by reenum on May 14, 2012 - 63 comments

Not After Eight

A new initiative recently proposed by the Royal Canadian Mint proposes to create the MintChip, a digital currency that’s similar (to BitCoin), but is backed by the Canadian government. Aiming to become “the digital equivalent of the coins we use every day,” in the Canadian Mint’s own words, the MintChip will target micro- and nano-transactions conducted both online and offline, whether at the physical point of sale, on mobile devices, or among peers. Via
posted by infini on Apr 20, 2012 - 37 comments

A whole new meaning for the term "play money"

Canada is introducing a glow in the dark quarter.
posted by reenum on Apr 15, 2012 - 63 comments

You are not poor when you have no money, you are poor when you have nothing to offer

"They're quite joyous occasions," she said. "It's very liberating, not using money." / "I felt liberated, I felt free for the first time. I instinctively reached into my pocket, but there was no need to."

As a reaction to the economic crisis, the Greek port of Volos are using an alternative local unit, the TEM (link in greek), as an alternative to money. [more inside]
posted by rubyrudy on Apr 12, 2012 - 73 comments

Graphs of Stock Market Historical Ratios

Market Capitalization-to-GDP is an indicator described by Warren Buffet as "probably the best single measure of where [stock market] valuations stand at any given moment." Here is a historical graph of this indicator along with twenty other historical indicator charts covering the US S&P, Japanese Tokyo Stock Exchange and Indian Sensex indices. The indicators include P/E ratios and dividend yields. Also of note: which currencies are under or overvalued according to purchasing power parity.. [more inside]
posted by storybored on Mar 24, 2012 - 16 comments

Do Iran's threats hold currency?

Iran has pledged to open its oil bourse to currencies other than the US dollar as of March 20th, 2012. Previously. The phrase "nuclear option" gets thrown around in a lot of metaphorical contexts -- perhaps this one would be the most apt. [more inside]
posted by aydeejones on Mar 4, 2012 - 128 comments

"Those are not cats or kneeling cats on the bank note"

Cartoon images of "worshiping cats" on the Chinese 100 yuan RMB banknotes, "the equivalent of the 'Eye of Providence' on the US dollar," probably weren't designed as cartoon cats. A coin expert noted that there were no cat's whiskers on the bank note, as shown on the "clarified" image. But if you're looking for hidden images in Chinese currency, World War II era Chinese currency has many cases of hidden messages and over-printed propaganda (part 2 of a series on WWII Allied banknote propaganda).
posted by filthy light thief on Feb 9, 2012 - 13 comments

"They were new money, without a doubt: so new it shrieked. Their clothes looked as if they’d covered themselves in glue, then rolled around in hundred-dollar bills.” ~ Margaret Atwood

Note Worthy: [guardian.co.uk] Global economic meltdown, the euro crisis and Occupy protests – this year has been dominated by financial issues. But what is money anyway? We invited writers and artists including Jonathan Franzen, Margaret Atwood and Naomi Klein to invent new currencies and banknotes for a changed world.
posted by Fizz on Dec 17, 2011 - 13 comments

From The Muddy Banks Of The Ottawa

It's smooth, it's stretchy, it's waterproof - Canada's new currency feels a lot like the celluloid film you used to load into your old-fashioned camera. [more inside]
posted by mannequito on Nov 14, 2011 - 67 comments

Black Money

The United States Secret Service is warning about an old scam that's recently popped up again in New England: black money. [more inside]
posted by Halloween Jack on Nov 4, 2011 - 89 comments

Truman pointed out the disadvantages of the job including low pay and asked her if she could afford to take the job. She replied, "Can I afford not to?"

On the front of every United States Federal Reserve Note, there appear two signatures: that of the Secretary of the Treasury, and of the Treasurer of the United States. Take a look at any note printed since 1949 and you might notice a pattern: since that Treasurer, a Kansan named Georgia Neese Clark, that office has been exclusively held by women.
posted by ocherdraco on Oct 12, 2011 - 27 comments

$1 + 1 + 1 + 1 + 1 + 1 = $14?

Blind Man vs. Paper Money - the Blind Film Critic demonstrates the problems of using (American) paper money. Unsurprisingly, just getting cash out of an ATM poses its own problem. [more inside]
posted by desjardins on Sep 27, 2011 - 47 comments

Bruce Wagner and the Bitcoin Scam

Has Bruce Wagner pulled off a massive scam on the bitcoin community? Bruce Wagner was for a time the public face of the new electronic currency. He was the go-to guy for journalists looking for insight into bitcoin. He even began running his own online TV network which attracted multiple sponsors. Now, things have begun to unravel for Wagner. MyBitcoin was a bitcoin bank Wagner had heavily promoted on his shows. One day, it vanished from the Internet. When it returned, MyBitcoin claimed to have been hacked and that it was only able to refund 49% of deposits. Wagner's early promotion and history of involvement in equity stripping mortgage scams has led to suspicion that he is somehow involved in MyBitcoin, despite claiming to be one of the biggest victims. [more inside]
posted by furiousxgeorge on Sep 1, 2011 - 448 comments

Currency

After receiving a $20,000 grant from the Australia Council, Denis Beaubois set about creating his artwork, Currency, 2011, by withdrawing $20,000 from a teller at the Reserve Bank of Australia and writing down the serial numbers. The artwork sold at auction yesterday for $17,500. [more inside]
posted by robcorr on Aug 31, 2011 - 75 comments

Funny Money

Pop-Cultured Currency - Technically, defacing US currency is a crime – but artist James Charles doesn’t seem to be in any legal trouble for his awesome series of Pop Culture Cash. His portraits, created on real money using ink, turn dead presidents into colorfully amusing pop culture icons. Alternate site with larger pics.
posted by KevinSkomsvold on Jul 21, 2011 - 22 comments

It's all about the Bordens

It's all about the Bordens. The Bank of Canada unveils its new series of polymer bank notes. Because no one wants soggy bills when you're makin' it rain.
posted by GuyZero on Jun 20, 2011 - 68 comments

Buck The Trend

Make your Franklin is a site which accepts submissions of recreated 100 USD banknotes.
posted by gman on May 24, 2011 - 33 comments

Money doesn't grow on trees.

Bitcoin is a peer-to-peer digital currency. Trading at eight dollars this week—and being used to pay for everything from freelance programming jobs to magic mushrooms—it has been described as “the most dangerous open-source project ever created” and “an unambiguous challenge to the government monopoly on the power to print money.” Estimated at over 20 petaFLOPS the Bitcoin network is currently the fastest virtual supercomputer in the world. [more inside]
posted by howlingmonkey on May 18, 2011 - 296 comments

The Free-Banking vs. Central-Banking Debate

Out of thin air? "Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless on Apr 14, 2011 - 47 comments

Garbo's fate: eternally desired, never alone again.

*Sooo* much hotter than Andrew Jackson. Sveriges Riksbank has announced that great Greta Garbo will grace the sexy, new blue-themed 100 Krona note, Sweden's closest equivalent to the US $20 bill. In April, the Riksbank is announcing a design competition for the banknotes, with the final design selected by early 2012, and the currency released by 2014-2015. Other new faces in Sweden's complete currency makeover include author Astrid Lindgren, musician Evert Taube, director Ingmar Bergman, sopranist Birgit Nilsson, and diplomat Dag Hammarskjöld.
posted by markkraft on Apr 6, 2011 - 55 comments

The Search for the Securitas Millions

In February 2006, a group of criminals pulled off the biggest cash heist in the history of the UK, making off with £53 million pounds. To date, only £23 million of the money has been recovered. Police are understandably upset about the dead ends in the case.
posted by reenum on Feb 16, 2011 - 12 comments

Honey buns sweeten life for Florida prisoners

Meet the new form of prison currency: Honey buns.
posted by reenum on Jan 10, 2011 - 56 comments

A dollar here, a dollar there, a dollar there.

For the first time in their freely-traded history, the Australian Dollar, the Canadian Dollar and the US Dollar are all within a penny of parity.
posted by 256 on Oct 15, 2010 - 57 comments

They don't make em like they used to.

Beautiful banknote vignettes which were used in the 19th century by the United States to combat counterfeiters. Brought to you by MeFi's peacay.
posted by gman on Sep 24, 2010 - 9 comments

Dowling Duncan redesign the US bank notes

Dowling Duncan redesign the US bank notes. [more inside]
posted by domnit on Aug 26, 2010 - 179 comments

Coming to a keyboard near you.

India unveils new rupee symbol. The new symbol. Measures are already afoot to have the rupee sign declared a computer standard, meaning it could join currencies such as the pound, dollar, euro and yen on keyboards within two years. And in case you wondered, Where do currency symbols come from?
posted by Fizz on Jul 16, 2010 - 43 comments

Pounds for pound, dollar for dollar.

Pounds Sterling to Dollars: Historical Conversion of Currency Click here to read an explanation of the calculations.
posted by Fizz on Jul 4, 2010 - 15 comments

The Art of Making Money

For almost 20 years, Art Williams, Jr. was one of the country's eminent currency counterfeiters. His greatest achievement: counterfeiting the new (at the time) $100 bill (PDF link). [more inside]
posted by reenum on Jun 4, 2010 - 22 comments

The Federal Reserve is so 1913 anyway

Idaho recently passed H.B. 633 (.pdf) that will allow Idaho citizens to pay their state taxes with an official state silver medallion. The news comes just a month after a South Carolina legislator introduced a bill seeking to ban Federal currency altogether, and replace the upstart greenback with gold or silver coins. Meanwhile, Georgia has introduced the "Sound Money in Banking Act" which would require any bank serving as a depository for the state to offer and accept gold and silver coins for deposit. Is gold making a comeback as currency?
posted by julie_of_the_jungle on Mar 20, 2010 - 111 comments

4chan memes? On my money?

Defaced Presidents [more inside]
posted by ardgedee on Feb 25, 2010 - 25 comments

Iranian banknotes uprising

Iranian protesters are putting messages of dissent on currency via
posted by Daddy-O on Dec 7, 2009 - 26 comments

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