Did you know that printing and distributing local currency is completely legal? Under certain circumstances your local city could print its own currency – and because of the current economic conditions many are.
First, the rules:
The currency can’t resemble a US dollar
Only paper currency can be printed – no coins allowed
Any income [...]
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There’s a concept in finance called “cost-benefit analysis” which involves calculating whether an item’s cost outweighs its benefit. For example, I spent 8 hours yesterday cleaning the apartment I just vacated. If I had bothered to perform a cost-benefit analysis, I would have asked myself whether or not the cost (8 hours of [...]
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I wrote a couple months ago about Kevin Trudeau. I picked up his tome Debt Cures They Don’t Want You to Know About from the library out of morbid curiosity. I haven’t finished the book, but there’s one quote that’s just priceless. This quote sums up the book and the attitude Trudeau is selling with [...]
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Karen Blumenthal wrote an interesting article in the Wall Street Journal August 25, 2009 entitled “How I Got Burned by Beanie Babies“. She relates her experience in the Beanie Baby hype to recent bubbles we’ve experienced. The article is not ground-breaking, but it deals with a lesson that never seems to sink in. The article [...]
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When traveling abroad, one thing you always need to look out for are the pick-pockets. Well, in London a new phenomenon has emerged called “Put-pockets”. Rather than stealing your wallet, these former pick-pockets are sneaking small amounts of cash into the pockets/bags of unsuspecting folks. It’s organized and the cops are aware of the [...]
