Posted on 08/20/2018 10:09:35 AM PDT by NRx
Venezuela will always be a $shithole. I worked down there for several years and their mindset will always demand they remain a $hithole.
All my new ones merely say “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE”
...
And except for the collector’s value of the old one, it’s worth exactly the same.
The paper is a physical representation of an entry on an electronic ledger.
A plastic card with n embedded chip is the access to that ledger and makes the paper dollar obsolete. the crypro currency is also electronic blips that obsoletes the plastic card and provides entry to the ledger via your phone.
In china, the card has been made obsolete by various applications that allow transactions directly between the phone (computer) and the cash register (computer) ledgers. we have some early applications like tht but not nearly so ubiquitous as in china.
I see there’s a phone app now that allows a person to go up to an ATM and have it spit out money from their account.
His REAL name is Nicholas Manure-o.
True.
Twenty years ago some kids broke into a neighbors house and stole his collection.
Ignorant twits spent the money at face value in local stores.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.