Midnight In The Desert — money

Someone Keeps Flushing Money Down The Toilet

Posted by K R on

Someone Keeps Flushing Money Down The Toilet

While there are several comments one can make here, "dirty money", "flush with cash" and "flushing money down the toilet" certainly coming to mind, perhaps the ECB was on to something when it warned that €500 "Bin Laden" bills (which it has since discontinued to print) tend to be used by criminals. The reason for this is that in recent weeks, Swiss prosecutors have been gripped by a mystery, trying to figure out why someone tried to flush tens of thousands of euros down the toilet at a Geneva branch of UBS. And not just once. The first €500 bills...

Read more →

Cash is no longer king

Posted by K R on

Cash is no longer king

The idea of a cashless society is one of the topics that stirs up a heated debate when it comes to the digitalization of banking and society. On one hand, physical cash is the common denominator for corruption, tax evasion, money laundering and other various illegal activities. While the anonymity of cash acts as an enabler for the illegal economy, many fear that the lack of said anonymity will inevitably lead to an Orwellian society where individual freedom is limited. In Sweden, which is leading the race toward a cashless society, negative attitudes toward the decline in cash usage has...

Read more →

Witchcraft’s Link To Economics

Posted by K R on

Witchcraft’s Link To Economics

Could there be a link between the number of people who believe in witchcraft and the state of the economy in the country where they live? A new study claims there is and this type of voodoo economics may explain why these countries do so poorly monetarily. Is there a way to help them that doesn’t involve needles and dolls shaped like bankers? Boris Gershman is an economics professor at American University with an eye on on social capital as well as the monetary kind. An evil eye, you might say, as Gershman’s previous research was on the “evil eye”...

Read more →

Canadians “Spock” their banknotes to honor Leonard Nimoy

Posted by K R on

Canadians “Spock” their banknotes to honor Leonard Nimoy

Upon news of Leonard Nimoy’s passing last Friday, The Canadian Design Resource (CDR) tweeted a call to arms: "Spock" your $5 bills for Leonard Nimoy pic.twitter.com/bKdKyC3l4q — Design Canada (@The_CDR) February 27, 2015 “Spocking fives,” as it’s called, is not a new campaign but in fact a fine Canadian tradition that involves etching the beloved Vulcan’s profile over Canada’s seventh prime minister Sir Wilfrid Laurier on the five-dollar banknote. “This series of Canadian bills was an easy target,” explains CDR’s publisher Todd Falkowsky. “The existing portraits are quite large and can be improvised with easily and the colour of our...

Read more →