HONG KONG — China's currency staged a small but unexpected rally this week, as the country's central bank allowed it to rise 0.72 percent against the dollar, with most of the move coming Wednesday and Thursday.
I found it at the Bitcoin London conference, the biggest event about the crypto currency yet staged in the UK.
Realizing the currency of staging "Zoot Suit" at such a significant time, and understanding that live theatre remains a space where people of all ideologies can come together to unpack complex ideas, Center Theatre Group programmed six pre-show Community Conversations throughout the play's run.
Even if Bitcoin and Ripple do not become a huge force (which they will), it sets the course for more such distributed currencies, and sets the stage for a currency free for all: open markets, open currency, open chaos, and a cambrian explosion of value sets.
Europe's single currency entered the stage of rupture for the first time in its 16-year life on Saturday night when 18 governments told Greece its bailout package would be terminated within days.
They concluded that full monetary union should come as soon as possible, to prevent such turbulence hitting their currencies again.The "second stage" of monetary union began on January 1st 1994.
Currency volatility at one stage pushed sterling to a low of €1.20, 15% less than the rate that families travelling to the continent for their summer break received last year.
Provided you have persuaded them that you are someone they can do business with, your contribution will be in a different currency at a later stage, for remember the old cliche: there is no such thing as a free lunch.
Adding additional "investment" will only bloat the national debt, reduce the value of the dollar, inflate the currency to a collapsible stage and create an environment where dirty coal will be at a premium as people struggle to survive the bitter cold.
In a movement that began on Reddit, the Dogecoin Foundation seized the opportunity to promote its virtual currency on the world stage and help send the Jamaican bobsled team to Sochi.
