Tag Archives: Mid-East

Bits and Pieces – 20171117, Friday

Commentary: In Bits and Pieces – 20170731, Monday, I discussed why Bitcoin can’t be considered to be a currency. Martin Armstrong, in discussion of the “petrodllar” (Is the Dollar Really a Petrodollar anymore?), lists its key features:

  1. it can be used worldwide without permission from the USA as is the case with the Japanese yen;
  2. it is a single currency with a single federal debt market where BIG money can park – that is not the case for the Euro, Ruble, or Yuan.

Bits and Pieces – 20171112, Sunday

Commentary: A common theme that my wife and I discuss is the general we encounter incompetence on a daily basis. As an example, when we moved, our bank provided new cheques as requested but they coded them for a dormant and empty savings account. It came to my attention when the first cheque bounced. It cost me several hours and some momentary anxiety to fix the bank’s error, apologize to people that I had sent cheques to, pursue reimbursement of NSF fees both for myself and my vendors, etc. I left a bank official wondering how they issued cheques on an account that had no chequing privileges.

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