Can You Trust Me?...And Other Reader Comments Monday's e-letter hit a nerve with reader L.S. in the United States:"Dear Mr. Simon, "With all due respect, you have not a clue as to the IQD and its stated re-valuation. Your lack of knowledge and understanding of the IQD since 1992 to date and its current status brings [...]
Iraqi Currency Plays...And Other Scams "I'm moving to Panama (or some other country) as soon as my Iraqi dinars revalue."I've heard this comment maybe a half-dozen times over the last year or so. Someone (I don't know who) came up with a great, plausible scenario to get people to "invest" in the Iraqi currency. Telling [...]
Europe Is Collapsing! Should You Care? At lunch yesterday, a friend here in Panama City asked what I was going to do with my apartment in Paris now that "Europe has collapsed." I wasn't sure how to respond for a couple of reasons. First, I hadn't realized that Europe had collapsed...that all of Europe, every [...]
As if you needed further reason to diversify out of the U.S. dollar, it's worth noting that many U.S. states are talking about doing the same thing. A recent article from CNN Money states that 13 U.S. states are contemplating issuing their own currencies. This isn't a new concept. Before the U.S. Civil War, state-chartered [...]
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