The U.S.’ Attempt to Combat Fraudulent Currency in 2013

The U.S. $100.00 note was updated in 2013 to employ better and more advanced security measures. The $100.00 bill released in 2013 was a marvel of engineering which included the portrait watermark from the 1996 rendition, as well as the security strip which glows under ultraviolet light. In addition to these security features, color shifting ink was employed upon the bell which appears in the bottom right hand corner next to the text which states “100”, microprinting was implemented on Benjamin Franklin’s jacket cuff to inscribe “The United States of America”, “USA100” around the blank space containing Franklin’s portrait, “ONEHUNDREDUSA” along the golden quill, small 100’s in the notes borders, and a three dimensional ribbon which causes the bill to change its bell icons into text which states “100” when tilting the bill either up or down while continuing to focus upon the blue ribbon shown

How Card Counting Works and How to Identify Hot Streaks When Gambling

Counting cards is quite simple, as long as ones memory is sharp. Low cards (e.g. 1, 2, 3, 4, 5, and 6) are assigned a value of +1, mid cards (e.g. 7, 8, and 9) have a value of 0, and high cards (e.g. 10, jack, queen, king, and ace) have a value of -1. The player counting desires a positive count as it indicates multiple high cards in the deck and on their way toward the table. Counts above +7 is when a table is considered hot providing the player with multiple good hands in succession. Streaks although appearing random, occur in a wave like function, so when a down streak is observed, smaller bets should be placed until a hot streak is observed at which time higher bets should be placed

The Reason Financial Investment Platform Robinhood Halted the Ability to Trade GameStop Stock in 2021

On January 28, 2021, soon after the opening bell, Robinhood and several other major trading platforms announced the suspension of the ability to purchase GameStop stock, delivering a devastating blow to the WallStreetBets subreddit community which had been helping to elevate the stocks price point by locking out new investors and causing the stock price to tumble dramatically. The rationale for this decision was that extreme volatility could create unforeseen economic problems in the future (e.g. unsustainable economic bubble etc.) but many retail investors viewed this outcome as professional investors leveraging their authority with the U.S. government and the financial industry to stop the public from continuing to financially annihilate large, established trading firms. In addition to the official reason provided, retail trading platforms are not designed to handle the torrent of transactions related to events like the ascendancy of GameStop which played a factor in why Robinhood and other platforms succame to the pressure to halt all future trading of GameStop stock. Robinhood claimed that the company did not have the liquidity on hand to cover the trades and gains being made. Unsurprisingly, the price of GameStop stock rapidly declined, devastating retail investors and highlighting the fact that the investment market is rigged toward the wealthy and powerful perhaps having a distinct advantage over their counterparts. Experts argue that this intervention unnaturally drove the price point of GameStop stock down, acting to reverse the effects of community based organization and investment. It was the clearing houses however that truly forced Robinhood and other trading platforms into capitulating. When a stock is purchased or sold, the transaction does not settle and finalize until 2 business days after the transaction time stamp, something which is unbeknownst to many investors. During this 2 business day period, due to regulation, brokerages and clearing firms are not permitted to use customer capital to fund the collateral use of those 2 business days, therefore being legally required to leverage the firms own capital. Robinhood argued that it did not possess the corporate capital required to facilitate the enormous volume of GameStop stock trades. It should be noted, Robinhood has repeatedly denied that it was under pressure from hedge fund executives, financial organizations, and the professional financial industry as a whole to stop the short squeeze occurring for those who chose to short sell GameStop stock

The British Penny

Neither the United States of America nor Canada have ever manufactured a penny. The term “penny” is a British invention derived from the term “pence” and refers to a “coin used before 1971 which is worth one twelfth of a shilling”. When the United States seceded from Britain, they created the term “cent”, which refers to a “unit of currency which is 1% of $1.00

The Ancient Greeks Inventing Democracy and Currency

The ancient Greeks are responsible for western democracy and western currency. The ancient Greeks were the first to invent and implement democracy stemming from the Greek term “dēmos” meaning “people” and “kratia” meaning “power”. When the ancient Greeks found what was then the worlds richest vein of silver, near a volcanic site, they exploited it to mine silver and mint coins which became traded not only locally but also between the Romans and eventually all of Europe. This idea then spread to the Americas when the Europeans arrived and colonized. The idea of silver being used as currency caught on because it was more easily found than gold and could be traded with ease because of its devalued monetary status. The conquistadors brought with them the ideology of democracy and currency which shaped the western world of the modern day