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Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.
The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.
Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges... which are employed altogether for their benefit.
Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.
Online, there is an irresistible social currency to being a user who has thousands of followers, who starts memes, who comes up with an idea that is turned into a movie. But I wonder how comfortable we should be with this arrangement.
I look forward to the day when China has a truly market-determined solution... To get there, you need to have a currency that is market-determined, an open capital market, and you are going to need a competitive, open financial system.
Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money.
What happens often - although I'm not particularly a victim of this sort of thing - is that somebody will make a quote, or invent a remark and it gets printed, ends up on the 'net and it becomes currency. And some of them are so bizarre!
It's not like I'm anti-China. I just think it's ridiculous that we allow them to do what they're doing to this country, with the manipulation of the currency, that you write about and understand, and all of the other things that they do.
In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must ask what big companies do with our data, a question directed to both the online and traditional ones.
Like anything else that happens on its own, the act of writing is beyond currency. Money is great stuff to have, but when it comes to the act of creation, the best thing is not to think of money too much. It constipates the whole process.
We will work to modify and remove some European parameters, but regarding the euro, I remain convinced that the single currency is destined to end: not because I want it but because the facts, common sense, and the real economy dictate it.
I want to help create the world's first global currency built on the Internet and built on open platforms and standards such as Bitcoin, and I want to build a financial services institution on top of that. That's what I'm doing with Circle.
The biggest single thing China needs to do is build an emergent middle class and domestic consumption, and the best way to do that is through pension and health-care reform, and currency reform to establish purchasing power among its citizens.
In Peru, awareness of fake currency is so high that retail shops regularly provide cashiers with hole punchers. When a fake bill is received, the cashier quickly pops out a few holes before curtly returning the bill to an oft-surprised client.
Bitcoin is mostly about anonymous transactions, and I don't think over time that's a good way to go. I'm a huge believe in digital currency... but doing it on an anonymous basis I think that leads to some abuses, so I'm not involved in Bitcoin.
China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.
Every time I am tempted to buy some dopey thing, I hear my late father's voice: 'Do you really need that?' He was big on saving money and buying as much security as possible. He also encouraged charitable giving. So, I am responsible with currency.
As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.
It's a good thing that it is getting simpler to register a company in China, it is good that the exchange rate of our currency is getting more flexible and that it's getting easier for Chinese businesspeople to travel. All of this opens up our economy.
The world is a global economy. I thought, 'It's a bummer we don't have a unifying currency.' Then I saw Bitcoin had already had a crash and had the resistance to recover. The community was strong enough to push it through again. That's really exciting.
Since 2007, we've been giving one dollar, one euro - whatever the local currency - of every ticket sold to Partners In Health and Kanpe. I think if you have a working band, that's about the easiest thing you can do - you just set it up and let it work!
My younger brother was a big Stoke fan, and I was sucked into it. I was kind of waking up every morning and looking at Gordon Banks' face! We had all these small football cards - literally hundreds of them - and swapping them was the currency back then.
When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.
When I was doing my bachelors from Delhi University, India experienced its first major external financing and currency crisis in 1990-91. This inspired me to pursue graduate work in economics and was the foundation for my interest in international finance.
Well, if you are planning a Caribbean vacation, you can start by booking it to this warm and friendly island paradise as soon as it is ready to receive tourists. As a U.S. territory, your trip to Puerto Rico doesn't require a passport or currency exchange.
If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country.
War used to be something you could stand on the nearby hill and watch. Now we have total war; everybody's in it. We have total economics as well. Everything affects everybody. The Malaysian currency shakes, and people around the world are seriously affected.
There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency flows across their border. I personally think governments will do what governments have always done: they will adapt.
I suggest we take our heads out of the tar sands and look up to see the sun. We don't own it, but it provides us all with great, endless value. So, too, the wind. These free, renewable sources of 'energy currency' are perfect partners to what we own together.
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.
Those who claim that to leave the E.U. would damage the City are the very same as those who in the past confidently predicted, with a classic failure of understanding, that the City would be gravely damaged if the U.K. failed to adopt the euro as its currency.
With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.
The emerging notion of the Eighties was that publicity was a currency. The old view was that if you had a currency - your talent or your product - publicity might draw attention to it. The new view was that publicity in itself, highlighting you, bestowed value.
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.
A cheaper British currency could be a crisis if its swift move provoked a broader financial crisis, which it has not, or if it triggered massive inflation. For now, cheaper sterling will hurt some British households and enterprises while being a boon for others.
I view Bitcoin as the more democratic version of money and value transfer because no one controls it... I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind.
Ultimately, in the long run we need to immunise our system from being overly responsive to fluctuations in the exchange rate; that is, people should, by and large, be reasonably hedged, or they should borrow more in domestic currency rather than foreign currency.
Scotland is the only case in the world where the poor part of a territory wants to separate from the rich part. If independence came, one option is to keep the pound as its currency, so that all economic decisions will continue to be taken by the Bank of England.
PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members.
The tragedy of India is that the Mahatma, who has numerous streets named after him and has had his statues put up everywhere, who's there in our school books and on our currency, who is used by everyone to hardsell his political ideology, is not emulated in India.
The Unites States used to use law enforcement to aggressively target North Korea illicit activities - counterfeiting U.S. currency, drug-running, counterfeit cigarettes and pharmaceuticals - until diplomacy gutted those efforts. The effort should be reinvigorated.
I think the currency of leadership is transparency. You've got to be truthful. I don't think you should be vulnerable every day, but there are moments where you've got to share your soul and conscience with people and show them who you are, and not be afraid of it.
By encouraging its citizens to violate our border, Mexico is pushing a tremendous welfare burden off of its shoulders and onto ours, while also benefiting from the significant sums of U.S. currency that these workers will eventually send back home to their families.
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.
To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background... For my money, few periods are so replete with human interest.
If you have your own currency, you have your own governance, so each currency becomes their own mini-government. Mini-government is a big word, but it's a body that is governed in a decentralized manner where users have a say, where there's oversight and transparency.
I think it's fundamentally a good sign that more and more professional traders and market makers are providing liquidity to the whole ecosystem. It allows people to move much larger quantities of digital currency more quickly than they would if that were not the case.