2025-12-16 18:04:46
Russia's strong currency puzzles economists, signals economic woes: https://benborges.xyz/2025/12/16/russias-strong-currency-puzzles-economists.html
Russia's strong currency puzzles economists, signals economic woes: https://benborges.xyz/2025/12/16/russias-strong-currency-puzzles-economists.html
This $40 billion currency-manipulation scheme has got to be impeachment fodder.
We need a Congress that stands up for America.
"The amount exceeded all US dollars in circulation and surpassed the entire cryptocurrency market combined"
Nothing to see here, move along
https://news.slashdot.org/story/25/10/
The Marshall Islands unveils a national UBI scheme that offers payments of ~$200 per quarter to every resident citizen via stablecoin or traditional currency (Prianka Srinivasan/The Guardian)
https://www.theguardian.com/world/2025…
"documents and interviews reveal an intense and complicated relationship. Chasing women was a game of ego and dominance. Female bodies were currency."
‘Don’s Best Friend’: How Epstein and Trump Bonded Over the Pursuit of Women - The New York Times
https://archive.ph/S1p87#selection-521.58-521.206
Treasury Secretary Bessent,
a former hedge fund manager,
is orchestrating a $20 billion lifeline to prop up the Argentine peso,
which has been declining in value.
The backstop is intended to support Argentina’s economy
and its president, Javier Milei.
On Friday, Mr. Bessent said the Treasury Department had intervened for at least a second time to buy pesos
At the center of his bet is that the currency of Argentina
— a debt-ridden country whose…
How does it feel to have given $60 of your money to bail out Argentina?
What, you did not know that $60 was pulled out of your pocket (and the pocket of every man, women, and child in the US) to be gifted unto Argentina?
https://www.pbs.org/newsho…
US buys Argentine pesos, finalizes $20 billion currency swap
https://apnews.com/article/trump-bessent-argentina-milei-currency-swap-7432a188e57264f0e5f6c753ddc40879
Until now, I thought that a government shutdown in the US meant that the government ran out of money.
Apparently this only means: out of money for domestic purposes, not for giving it away to other countries. #TrumpShutdown #EpsteinShutdown
"US is working on doubling aid to…
🤦🏾 Cuba blames online news site ‘elTOQUE’ for the country’s economic chaos
https://english.elpais.com/international/2025-12-02/cuba-blames-online-news-site-eltoque-for-the-countrys-economic-chaos.html
Could someone understanding modern monetary theory please explain to me the link between issuing new money and people getting poorer due to dropping currency exchange rates? How is making your population less able to purchase imported goods a lesser problem than "expanding productive capacity" of the state?
Exchange for Growth: Currency Dynamics in Emerging Markets
Shaunak Kulkarni, Rohan Ajay Dubey
https://arxiv.org/abs/2510.07039 https://arxiv.org/pdf/2510.0…
Reading Paul Krugman talking with Adam Tooze . Re. € crisis in 2012: "Paul DeGraue, Belgian economist said, “this is a panic, the numbers don’t really justify this.” Mario Draghi actually agreed and said three words, “whatever it takes,” that the ECB will stand behind that and will make sure the countries don’t run out of cash. The crisis just evaporated like nothing. *Most effective central bank statement in the history of humanity*, I’m sure." Here is Dhragi's speech:
Interesting: Alejandro Gil led the disastrous unification of the dual currency system, exposing those without access to hard currency to unaffordable prices.
Cuba charges former economy minister Gil of espionage, financial crimes | Corruption News | Al Jazeera
http…
Solving Currency Arbitrage Problems using D-Wave Advantage2 Quantum Annealer
Lorenzo Mazzei, Giada Beccari, Mirko Laruina, Marco Cococcioni
https://arxiv.org/abs/2509.22591 http…
This guy made the best counterfeit US cash the Secret Service had seen in 25 years. The article has a nice short documentary interviewing him. Yes, he shares some of his methods.
https://www.yahoo.com/news/counterfeit-money-actually-works-according-204204316…
You use @… ? A mail account or a mailing list? Please help to keep it going:
"We ask that individuals with email accounts or owners of lists give monthly or yearly.
If you are broke, live in the global South, or live somewhere with a devalued currency, we don’t expect you to give. This means that those with money in the global North should contrib…
China's central bank reaffirmed its stance on crypto, calling virtual currency activity illegal and saying stablecoins fail KYC and anti-money-laundering rules (Reuters)
https://www.reuters.com/sustainability/boa<…
Encountering a lot of the scam where I buy something in the UK and it recognizes my US credit card and charges me in dollars instead of pounds. With a currency conversion fee, often 3% or more. I do not have the option to prevent this. Mostly this is at POS terminals in restaurants, etc.
Uber also does this but they have a clear notification, an opt-out, and a sort of reasonable 1.5% fee. Still don't want it, I have 0% fee on my credit card.
The U.S. just bailed out Argentina
Argentine President Javier Milei,
a staunch ally of Donald Trump,
hailed the initiative
-- even as some MAGA supporters grumble.
Treasury Secretary Scott Bessent announcing Thursday a
$20 billion economic support package
-- and the purchase of Argentine pesos
aimed at stabilising the South American nation’s volatile markets.
“Lending money to Argentina is easy;
getting repaid is what is hard,”
In #SanFrancisco recently a robbery victim was attacked and gave up $11 million in #Crypto during a broad daylight #HomeInvasion that occurred after he opened the door for a fake
Austin-based Routefusion, whose API for financial institutions lets them embed accounts, payments, currency conversion, and compliance, raised a $26.7M Series A (Mary Ann Azevedo/Crunchbase News)
https://news.crunchbase.com/venture/fintech-startup-routefusion-…
Back in my Evidence classes it was once suggested (in jest) that one way to measure a person's age was to cut off an arm and count the rings. Yeah, sometimes law school got weird, like when I had to set up a international cacao bean exchange to get around some hard currency restrictions.
Good Morning #Canada
Sunday mornings should include some relaxation, a good cup of coffee, and a tale of one man forging a legacy of independence. Today we present to you the story of American businessman Russell Arundel who, in 1949, claimed sovereignty over approximately 4 acres of Outer Bald Tusket Island, off the southern tip of Nova Scotia. After purchasing the island for $750, Arundel announced the principality of Outer Baldonia with its own charter, a flag, currency, passports, and an organized military that consisted of 69 fishermen (all Admirals). Citizens of the principality who caught a Bluefin tuna and paid a $50 fee were accorded the rank of prince. Government officials included Prince of Princes Russell Arundel, Chancellor Elson Boudreau, and Ambassador Extraordinary and Minister Plenipotentiary Ron Wallace. The Canadian government mostly ignored the farce but an official Russian communication declared Outer Baldonia a fascist state.
#CanadaIsAwesome #History
https://backyardhistory.ca/f/the-nova-scotian-island-that-declared-independence
Replaced article(s) found for q-bio.BM. https://arxiv.org/list/q-bio.BM/new
[1/1]:
- GTP before ATP: The energy currency at the origin of genes
Natalia Mrnjavac, William F. Martin
Donald Trump ditches America-first to help Argentina's Javier Milei
https://www.crikey.com.au/2025/09/23/argentina-peso-currency-javier-milei-donald-trump-united-states/
A panel of people from a few different countries.
The UK, where the event is, and the US currently have money which perhaps is good enough that the people there don't see much need to replace the money. Running global reserve currency helps exploit other poorer countries. The problems are fairly invisible.
But in other countries, poorer countries with even worse money, countries more exploited by debasement of the global reserve currencies, the problems with government money are more evident. They see the need for an alternative more strongly.
Adoption is important though. Money is only money if it's widely accepted. So given the choice of more users or higher price, the panel would all pick more users.
#bitfest #bitcoin
Balancing Compliance and Privacy in Offline CBDC Transactions Using a Secure Element-based System
Panagiotis Michalopoulos, Anthony Mack, Cameron Clark, Linus Chen, Johannes Sedlmeir, Andreas Veneris
https://arxiv.org/abs/2509.25469
Disruptive Mobilities: Unsettling Law, Space, and Identities through Movement
https://ift.tt/2SG9CiQ
The onset of the pandemic generated a powerful, universal newfound currency for mobility. Around the…
via Input 4 RELCFP
Idea: fixing inflation by giving all the extra money to rich people and then revaluing the currency based on whatever's left circulating
Anonymous Quantum Tokens with Classical Verification
Dmytro Gavinsky, Dar Gilboa, Siddhartha Jain, Dmitri Maslov, Jarrod R. McClean
https://arxiv.org/abs/2510.06212 https://
Replaced article(s) found for q-bio.PE. https://arxiv.org/list/q-bio.PE/new
[1/1]:
- GTP before ATP: The energy currency at the origin of genes
Natalia Mrnjavac, William F. Martin
Singapore dollar-pegged XSGD stablecoin debuts on Coinbase, giving the city-state a head start over Hong Kong in launching a local currency-linked stablecoin (Dylan Loh/Nikkei Asia)
https://asia.nikkei.com/spotlight/cryptocur…
A dealer (of cards) in a Las Vegas hotel told me that crypto-bros often leave gigantic tips. (I guess that using $100 bills to light cigars has become passe.)
There are uses for block chaining - we used it to secure (and protect the integrity of) network data transfers during the 1970s.
But for money? Nah. Crypto-currency is the dumbest idea since the Pet Rock - even dumber because pet rocks could be useful, like as paperweights.
Apart from crypto mining, the big draw seems…
Prem ghinde thinks that Alan is killing bitcoin.
Alan is paid in government money, and saves in bitcoin. He's an imaginary straw man.
Alan doesn't plan to spend his bitcoin though. Just stack it until he sells it. And this doesn't build the bitcoin network.
Without transitions, when the block rewards run out, there will be no money for miners. Miners will need fees, which means transactions.
Since he's paying in bank money, he's funding bankers instead of miners. He's encouraging retail to accept bank money instead of miners and lightning liquidity providers.
Unlike Alan, Prem lives on the bitcoin standard. All in. Spending sats because he has no bank money to spend. It can be done, he insists. Today. Mostly by using gift vouchers bought with bitcoin.
He's sad that people here are buying drinks from the hotel with bank cards instead of lightning.
Stop watching the price, he says, it's only a measure of government money's collapse. Change your yardstick. Account in bitcoin. Dollars aren't even money, they are currency. If you must measure, do it against gold.
Since moving to el Salvador he had learned Spanish, until he even dreams in Spanish. Try to dream in bitcoin.
Every transaction is a vote, so stop voting for bank money.
I think the main trouble with this is that tax event in every purchase, and the fact my employer won't set a wage in bitcoin even if they would convert to bitcoin to pay me.
#bitcoin #bitfest
Opus Dei’s story is less about religion than about the weaponization of belief
— the transformation of faith into infrastructure.
When devotion becomes a strategy for power, and purity a currency for control,
democracy itself becomes collateral damage.
The deeper question is no longer whether a group like Opus Dei is religious or political
— it’s how long societies can endure when the two become indistinguishable.
Disruptive Mobilities: Unsettling Law, Space, and Identities through Movement https://www.socialifeoflaw.com/post/disruptive-mobilities-unsettling-law-space-and-identities-through-movement