Words of wisdom quoted on this day in history …
From the archive (17 Jan 2009)
From the archive (18 Dec 2013)
From the archive (8 Nov 2008)
Gen-Z Series: Is Bitcoin on Revolut Really Yours?
Rational Active Allocation - Update (July 2025)
From the archive (9 Jul 2010)
Money or Currency: Why it Matters
For most of us, the terms "money" and "currency" are interchangeable. And in day-to-day life, that's perfectly fine. But understanding the difference between the two is becoming increasingly important, especially as Bitcoin gains traction. This isn’t just semantics; it has huge implications for how we think about finance, policy, and the future of money.
The Unwinding
The current state of the global economy is a complex and intriguing topic. Here are a few key points to consider:
The US dollar has been the world reserve currency since the end of World War II
The US has been running a persistent trade deficit, importing goods and services from other countries in exchange for dollars
Countries like China have been running large trade surpluses, but have been investing their profits in US assets rather than their own economy
The global monetary system is facing a crisis, with many experts predicting a significant shift in the way money is valued and traded
