Currency

Via BoingBoing:

A research arm of the World Bank has produced a comprehensive report on the size of the grey-market virtual world economy in developing countries — gold farming, power-levelling, object making and so on — and arrived at a staggering $3 billion turnover in 2009. They go on to recommend that poor countries be provided with network access and computers so this economy can be built up — a slightly weird idea, given how hostile most game companies are to this sort of thing…


Afraid that the world is collapsing and your hard-earned dollars will soon be worthless kindling? At heart, monetary systems are based upon a shared delusion, so you might as well get empowered…



ron paul coin

The Courier Press reports:

The former head of an Evansville-based company that tried to introduce a currency that competed with the U.S. dollar has been found guilty of federal charges in North Carolina.

Bernard von NotHaus, 67, was convicted Friday by a federal jury of making, possessing and selling his own coins, said Anne M. Tompkins, U.S. attorney for the Western District of North Carolina.

After an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and “monetary architect” of a currency known as the Liberty Dollar, was found guilty of making coins resembling and similar to United States coins; of issuing, passing, selling and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy…





George Soros, the Hungarian-American financier, is known as “the Man Who Broke the Bank of England” after he made a reported $1 billion betting against the British pound sterling in 1992. He’s also a famously generous underwriter of liberal activist causes. In this FT video interview he discusses the imbalances of international currencies, in particular the fading utility of the American dollar as the world’s default reserve currency. Whether or not he intentionally uses the loaded term “New World Order,” or if it just slips out I’ll let you decide…