If the first $20 million yielded cheers, the second $15 million generated stunned silence.

Facebook co-founder Dustin Moskovitz vaulted suddenly and without any advance warning to the top rung of Democratic party megadonors with two unheralded tears through his checkbook in the past six weeks. His money significantly altered the short-term financial position of the pro-Hillary Clinton forces and revealed a previously unknown source of cash for Democrats.

Read the Full Article: Source – Politico
Time For Truth: (Politico) – Facebook co-founder drops unprecedented cash to stop Trump

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RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, investors dumped sterling. Some are worried about the possibility of a “hard” Brexit. Others are simply baffled by the government’s xenophobic and divisive rhetoric.

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My dad, a former Wall Street trader always advised me “cash is king” and to “hold on to it” when the economy gets tough.

But in the Netherlands, cash is definitely not getting the royal treatment. In so many places, it has simply ceased to be recognised as legal tender. More and more Dutch stores, from upscale health-food store Marqt to my local baker and bagel shop, take pin — or debit — cards exclusively. Some retailers even describe going cash-free as “cleaner” or “safer”.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – The countries where cash is on the verge of extinction

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