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Tag: currency

Cihan News/YouTube

Turkey Busts Suspected ISIS Members for Attempting to Mint Currency

AFP reports that Turkish police have busted six suspected ISIS militants for attempting to illegally mint coins. It seems like one of the more bizarre crimes to emerge from the Islamic State chamber of horrors, but the report notes that ISIS has long been interested in creating its own currency to achieve a measure of independence from what it describes as “the satanic global financial system.”

AP Photo

Short on Money, Greece Brings Back the Barter System

Greeks are getting around what is delicately described as a “liquidity problem”—i.e. no money—by bringing back the barter system. It even has an Information Age twist: a bartering website with its own virtual currency system, and thousands of users.

AFP PHOTO / FABRICE COFFRINI

Switzerland May Be Preparing for the End of the Euro

Something is brewing in Europe now that has the Swiss National Bank worried. If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg

Bitcoin (Rick Bowmer / AP)

Bitcoin Now Has a Paid Lobbyist

Last February, the New York Times editorial writer Joe Nocera raged against “The Bitcoin Blasphemy,” which he claimed was libertarian “sacrilege” since it is “unconnected to any currency or any government.” But try as they might, the leftist thought police at the Times that see bitcoin as an existential threat to “full faith” in the dollar and the U.S. government are failing.