‘Ice Nine’ Comes to China
The war on cash has been going on for decades. The US abolished the US$500 bill in late 1969. The old US$500 bill featured a portrait of President William McKinley, by the way. I remember seeing a few when I was a kid. Today’s US$100 bill is only worth 10 cents on the dollar compared with the US$100 bill of 1969.
Woolworths Shutdown Reveals Dangers of Cashless Societies
Cash is king. No one is quite sure where that phrase originated. Though its use was popularised by Pehr Gyllenhammar, the then-CEO of Swedish carmaker Volvo[...]
Terrorists, Blowhards, and an Oil Price Spike
2018 is setting up to be an incredible year for oil. Last week the price of oil hit its highest level since 2014. West Texas Intermediate crude[...]