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The times of Arab nationalism and unity are gone forever. These ideas which mobilized the masses are only a worthless currency. Libya has had to put up with too much from the Arabs for whom it has poured forth both blood and money.
At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.
The only true currency in this bankrupt world is what you share with someone else when you're uncool.
Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.
Say 'Toronto' or 'Ontario,' and the immediate thought associations are with a somewhat blander version of North America: a United States with a welfare regime and a more polite street etiquette, and the additionally reassuring visage of Queen Elizabeth on the currency.
It is proclaimed by the great leaders of that party, by its political conventions, by its ministers of the Gospel, and by every other means they have of giving currency and importance to the declaration, that it is its mission to abolish slavery in the Union.
Roads, better harnesses for horses, time-keeping devices, financial instruments like a currency that was recognized everywhere in the kingdom, enforceable contracts - all of this made commerce more appealing than plunder.
The most potentially transformative impact of social media is its ability to encourage brands to marry profit and purpose. The reason brands participate is that such outreach earns those companies social currency enabling them to start or participate in conversations that connect them to consumers in meaningful ways.
So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.