‘I gave up caring about anything, and all the problems disappeared.’ –Dostoevsky

44.jpg

There are 30 US $100 bills in circulation for every man, woman and child, and more than 300 billion euro in 500 euro notes. As Peter’s paper documents, the vast majority of this currency is involved with activity that is at a minimum problematic, and often criminal.

{ Larry Summers | Continue reading }

related { With fraud getting more expensive, startups are taking a new look at ways to shore up the security of ATM networks and other card transactions — cards are optional. | The Security Ledger }

related { China has become the billionaire capital of the world, with a total of 100 to the Big Apple’s 95. China’s growing clout in the rankings is even starker in the world of female “self-made” billionaires, according to Hurun, where the country dominates with 93 of the global total of 124. | Financial Times }

photo { Twiggy & Justin de Villeneuve }