More Communities Ink Their Own Currencies

April 7, 2009 at 9:29 am | Posted in Uncategorized | Comments Off on More Communities Ink Their Own Currencies
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More Communities Ink Their Own Currencies:”A small but growing number of cash-strapped communities are printing their own money.”

Bank of England May Provide Liquidity to Fed

April 6, 2009 at 2:47 pm | Posted in Uncategorized | Comments Off on Bank of England May Provide Liquidity to Fed
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Bank of England May Provide Liquidity to Fed: “The Bank of England said Monday that it is ready to provide sterling liquidity to the U.S. Federal Reserve if necessary through a temporary currency swap arrangement.”

Why does this news make me uneasy?

No More Zimbabwe Dollar

January 30, 2009 at 10:19 pm | Posted in Uncategorized | Comments Off on No More Zimbabwe Dollar
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No More Zimbabwe Dollar: Zimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country’s runaway inflation.”

Bank of England Set to Run Printing Presses

January 25, 2009 at 12:39 am | Posted in Uncategorized | Comments Off on Bank of England Set to Run Printing Presses
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Bank of England Set to Run Printing Presses: “The Bank of England’s Governor paved the way last night to unleash the weapon of “printing money” in a last-ditch drive to combat the rapidly deepening recession.”

This is not a good sign at all, since hyperinflation could occur once the extra bills are dumped into circulation.

Bank of Russia reserves may not last another year

December 10, 2008 at 1:57 pm | Posted in Uncategorized | Comments Off on Bank of Russia reserves may not last another year
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Bank of Russia reserves may not last another year. “The Bank of Russia has been supporting the ruble with its own dollar and Euro reserves of about $450 billion, but these assets have dropped 25 percent since they began defending it in August. At this rate, they cannot keep up their defense for another year.”

CREATIVE WAYS TO PAY FOR CHRISTMAS

December 8, 2008 at 10:05 am | Posted in Uncategorized | Comments Off on CREATIVE WAYS TO PAY FOR CHRISTMAS
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CREATIVE WAYS TO PAY FOR CHRISTMAS: Sell your hair, be a lab rat, or sell your jewelry.

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