Friday, October 11, 2013

Current Currency


As a child of the great depression I developed a considerable respect for money. With my first paper route I bought the papers for two cents and sold them for three cents - a fifty percent profit - but not enough volume. In the shipping business I was adept at dealing with British sterling - pounds - shillings and pence which denominations were in twelfths. Cross border travel in Europe always left one with a pocket full of strange coins i.e. marks, francs and guilders. And you might need a wheel barrow to handle the Italian lira of the time. But I was always partial to those presidents' pictures - even though Hamilton and Franklin never made it to the White House. The Franklin 100 note has become the bill of choice by the global drug lords so the U.S. Mint is reissuing this one with special paper and bells and whistles built in. It's "like" playing the game "Whack a Mole" for as we take action to block, the bad guys come up with another gimmick i.e. the BITCOIN which Wikipedia describes as a Cryptocurrency - dealt peer to peer - with no central authority to eliminate the risk of devaluation. Years ago we had a saying "Don't take any wooden nickels." Now the advice is "Beware of crypto Bitcoins."
tjs

No comments:

Post a Comment