Tuesday, May 26, 2015

Current Currencies

They call it the "almighty dollar" but it takes $1.08 to buy a Euro. Now they are talking about replacing Andrew Jackson on the twenty with a woman's portrait. This will surely upset any counterfeiters out there who will have to redo their plates. While this is the first female likeness there is precedent for a woman's signature as U.S. Treasurer on all paper money. One such was Ivy Baker Priest, treasurer under Eisenhower, who was quoted as saying "Women didn't care about having their pictures on money as long as we get our hands on it." And now Goldman Sachs is investing in Bitcoin - a "virtual" currency that they think is a coming megatrend. What do these folks know? You can't hide bitcoin under the mattress!
tjs

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