Archive for May, 2012

The Indignity of the Dollar Continues

With all the global financial upheaval over the course of the past five years, the financial system of the United States seems a lot less secure than it used to, although it’s in measurably better straits than the economies of many European nations. However, as the New York Times noted in an article on Italian counterfeiters, for a key demographic of hard currency enthusiasts, the dollar no longer holds court as the supreme symbol of  ill-gotten gains.

The euro — particularly the 500-euro note, worth about $660 — has become the currency of choice for drug dealers worldwide, and fake euros have become part of their operations.

Categories: Economy, Media