Esquire's Chris Jones looks at the old techniques used to make the new US $100 bill.
"During the proceedings, the prosecutor took the time to mention that no other printer in the world could do what Kuhl had done."
Hans-Jurgen Kuhl was able to create "shockingly perfect" copies of the American $100 bill by using his artistic talents to conquer the various security features present in the bill.
"They were new money, without a doubt: so new it shrieked. Their clothes looked as if they’d covered themselves in glue, then rolled around in hundred-dollar bills.” ~ Margaret Atwood
Note Worthy: [guardian.co.uk] Global economic meltdown, the euro crisis and Occupy protests – this year has been dominated by financial issues. But what is money anyway? We invited writers and artists including Jonathan Franzen, Margaret Atwood and Naomi Klein to invent new currencies and banknotes for a changed world.
Chext is a site that enables the user to enter transactions and track their bank balance via SMS. People sharing a bank account can also get updates when money is spent from the account by the other person. [more inside]
The First World Problems Rap (SLYT)
"If the Swiss can do it on a regular basis, why can't we North Americans too." The Dollar ReDe$ign Project believes its time for the United States to switch from the old to something new in the field of American currency. As a result, a contest was developed and submissions accepted. They range from the cultural to the cynical, and a salute to American space achievements to update designs to the present content.
Stemming from a lawsuit that has gone on for several years, a recent Court of Appeals ruled that the U.S. government must make bills with distinguishable tactile features to benefit the blind. While the U.S. government disagrees, the judges say: "The government might as well argue that, since handicapped people can crawl on all fours or ask for help from strangers, there's no need to make buildings wheelchair accessible." Not all blind people agree with the decision. [more inside]
On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
Parity - The Canadian Dollar is (almost) at equal value to the American Dollar for the first time since 1976.
Man turns $1 bill into over $11 via Ebay. No it's not old, it's just a used 2003-series bill that's not even in very good condition. It does has an interesting serial number, though. As does this other $1 bill also on Ebay with a current bid of $11. Of course if your dollar bills don't have particularly rare serial numbers it doesn't mean you can't Ebay your way to profit.
Origami is a endeavor that is undertaken by many, using what's available. Often, that is money. Sometimes simple, and sometimes complicated the result is often spiffy and incorporates the bill's features into the design.
Euro's rise raises 'catastrophic' fears The euro rose on Thursday, topping $1.35 for the first time ever, amid speculation that the United States would not act to counter the dollar's decline. . "If we remain in a situation without any coordination, we can imagine a catastrophic situation" for the global economy, Finance Minister Hérve Gaymard of France told manufacturers during a factory visit Thursday in Strasbourg
What if oil was traded in euros? "Even more alarming, and completely unreported in the U.S. media, are significant monetary shifts in the reserve funds of foreign governments away from the dollar with movements towards the euro. It appears that the world community ... seems poised to respond with economic retribution if the U.S. government is regarded as an uncontrollable and dangerous superpower." An analysis of the previous link. Apologies to those I
It started in November of 2000, with Iraq wanting to switch to the Euro for oil payments. Following recent events, Muslims at large are thinking about dropping US currency for the Euro. With a large US presence now in the Middle East, this event may never occur.
Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
The Wire has just posted an article about the new Sacagawea dollar coin and the Federal goverment's attempts to promote it through Wal Mart and boxes of Cheerios. These days, it seems, even money wont sell itself anymore.