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30.11.2009, 09:53 2 comments

Rival to the dollar springs up near US capital

As Americans become frustrated with the US economy, more and more people are getting creative with their money, like Larry Chang and Nick Williams, who make their own currency.

The Ithaca hours 10.04.2009, 06:56

Local US currency strengthens community

Many people call local money issued in a dozen US cities, from East Coast to West Coast, worthless pieces of paper. However, it is not just Monopoly money for the people of Ithaca, New York.

16.03.2010, 15:12 10 comments

“The Euro will collapse either totally or in part” – MEP

EU finance Ministers have assessed the financial lifeline for debt-stricken Greece. Any concrete decisions on the issue will be made by the European Commission, should Greece decide to formally request economic aid.

18.05.2010, 18:50 5 comments

Basis of Eurozone was fragile – European MP

The Eurozone is facing its biggest challenge to date as the currency crumbles under the weight of Greece's fiscal crisis.

AFP Photo / Joel Saget 19.05.2010, 20:17 5 comments

Euro slump due to planned Wall Street and Washington’s attack - William Engdahl

Germany's Chancellor Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed.

05.08.2009, 23:09 5 comments

“Dollar’s future unstable”

The dollar’s role as the world's main currency is over and its future is unstable, says author and journalist Webster Tarpley.

09.10.2010, 01:25 2 comments

World economy breaking-up with US

As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.

AFP Photo DDP / Thomas Lohnes Germany out 19.05.2010, 04:52 2 comments

“Europe’s economic pain will bring pain to entire global economy” – US economist

There might be speculators who will gain from EU’s problems, but they are only a handful of people and a very small percentage of the total GDP involved, says Robert W. Fogel, American economic historian and scientist.

Protesters clash with riot police during a demonstration in the center of Athens on February 24, 2010 (AFP Photo / Aris Messinis ) 03.03.2010, 14:01 4 comments

Is Wall Street waging “economic warfare” against the euro?

With Greece reportedly set to announce stringent measures to offset its crippling financial crisis, are US financial forces working behind scenes against the euro?

08.10.2010, 18:11 4 comments

Rouble a spectator in currency drive to the bottom

With Finance ministers and heads of the Central banks calling for a halt to the currency wars, experts say commodity rich Russia remains a safe harbor.

Pay in US Starbucks with roubles?

Published: 16 December, 2009, 00:16
Edited: 20 December, 2009, 06:04


Photo by Alexey Novikov

American Congressman Ron Paul has introduced an act to legalize competing currencies, like gold and silver, to circulate next to the greenback.

 
4 COMMENTS
Bob the Terrible December 16, 2009, 00:32 quote
0

I think you are missing the point. It's all about paper currencies created out of thin air by the government. Keep your rubles, yen and dollars..show me your gold, silver and platinum. Then we can talk business.

Jim December 16, 2009, 16:06 quote
0

Excellent forward planning. If / when the US dollar looses a sizeable chunk of its value the 'shock to the system' will be greatly reduced if parallel systems of payment are already in place. It would take a year or two to roll out any new system nationally and fix any issues that arise, however it is not such a drastic step as as it may first appear, as, to an extent, it has been going on already for decades on a small scale. Hats off to them for having the forsight to mitigate any future 'issues' with the US dollar.

Norman December 16, 2009, 23:02 quote
0

I already use the euro, pound and ruble for international transactions. And gold and silver coin vendors are always trying to sell me their collections. The real answer to the problem is to restore financial stability and the dollar.

Samuel the Jew December 20, 2009, 02:51 quote
0

Bob, are you opening a jewellery store?

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