Red $50 Bank Note

Red $50 Bank Note

The $50 bank note is red in colour, and introduced into circulation on March 26, 2012.  

The note is printed on polymer paper, which means the note is more plastic than paper.  This means that the note is more durable than the cotton-based paper it has replaced.  

The main reason by the Federal Government in implementing the new Canadian bank note is the 'Security' features.  A few of the security features are:

- the same clear windows and metallic images that are seen on the front are seen on the reverse,

- design incorporates a special tactile feature, similar to Braille Dots, for the blind, indicating the denomination of the bank note.  

          Canadian $50

The front of the note:

The front of the note features a handsome portrait of Mr William Lyon Mackenzie King, who was the Prime Minister from 1921 - 1948. 

The reserve of the note:

The reverse of the note shows the Canadian Coast Guard Ship, named 'Amundsen', which is a Research Icebreaker Ship. 

          The back

I was finally able to get my hands on a new/old $50 Canadian Bank Note, at the same time, and took the below two pictures: 

Also, I have written about $5, $10, $20 and $100 Canadian Bank Notes, please look for these blogs below:

$5 Canadian Note

http://onlythebrave10.blogspot.ca/2014/01/5-canadian-note.html

New Purple $10 Canadian Note

http://goodread10.blogspot.ca/2014/01/new-purple-10-canadian-note.html

$20 Canadian Currency

http://goodread10.blogspot.ca/2014/01/20-canadian-currency.html

Big Brown $100 Bill

http://onlythebrave10.blogspot.ca/2014/01/big-brown-100-bill-if-you-are-following.html

I have finally been able to complete my 'series' of trying to picture each of the new/old notes together. 

I will now try to get my hands on a $1,000 Bank Note.  I hear they are in circulation, however to this date, I have never been able to find one.  

Thank you for reading, 

Ben

Stand Out

Stand Out

"Be your own person, don't follow the crowd, and above-all, stand out" --- Ben Oak, Self proclaimed Philosopher, Studied Economist

          Facing the different direction 

Sincerely, 

Ben

🤓

Denarius Currency

Denarius Currency

Has anyone ever wondered what currency the 'Roman empire' used?

I researched this topic while completing couple of other blogs of mine titled:

'Fiat Money in Circulation'.  

http://onlythebrave10.blogspot.ca/2014/02/fiat-money-in-circulation.html

&

'Bitcoin in the Future'

http://www.goodread10.blogspot.ca/2014/02/bitcoin-in-future.html

I have attached a link of the blogs for you to read, if the link does not work, please copy/paste to the address bar.  

Now, back to today's topic. 

It is important to understand the similarities of our monetary system in use today, with that of the 'mighty' Empire, and the failures associated with this system when in use by the Roman Empire and not learning from the past errors.  

The Roman Empire did not utilize a 'paper' currency.  

The currency in use was actual 'silver' commodity, stamped with the Emperors bust, and shaped into the size of our current 1 dollar coinage.  

The Empire within all of its vast territories used one of the first examples of 'true' debasement of a currency.  

This currency was called 'Denarius'. 

The Denarius, when first utilized was essentially 100% pure silver.  What this means is that, the citizens would carry around with them 'silver coins' to use as 'barter' and/or money in exchange of purchasing an item from another individual.  

The pure silver coinage called Denarius began circulating at the beginning of the first century A.D. 

This changed for the worst soon after this date.  

By the year 54 A.D., the Roman Emperor Nero ordered that the Denarius not be a full silver coinage.  The Denarius was now approximately 94% silver and the remainder made-up of other material.  

By around the year 100 A.D., the Denarius coinages silver content was down to 85%.

All other Emperors after Nero, bought the idea of 'devaluing their currency' in order to pay the bills of the Empire, keep the silver for their own usage and increase their own wealth.  

By the year 218, the Denarius coinages silver content was down to 43%. 

By the year 244, the Denarius coinages silver content was taken down to .05, by the Emperor Philip.  

The monetary system of the 'Once Mighty' Empire, directly correlates to the collapse of the city of Rome and and the Roman Empire.  The Denarius coinages silver content was only 0.02%, at the collapse date of the year 410, which was also the date of 'Sacking of the city of Rome'.  After this date, no person accepted the Denarius, as it did not store a value.  

The phrase 'All things must come to an end' comes to my mind, however I hope the 'Central Banks' of each country, particularly 'the once mighty' USA studies the 'devaluation of a currency' and the consequences attached to this.  

Thank you for reading, 

Ben

Fiat Money in Circulation

Fiat Money in Circulation

I wanted to write about our current 'Money in Circulation' as it is a relatively important topic, which is seldom analyzed by citizens.  

'Fiat' money is money/currency in circulation through out the world, without an intrinsic value attached to the money/currency.  

The term originates from Latin Language to mean 'Let it become' or 'Let it be done'.  

What is Money? 

It is a simply what people use as a medium of exchange or a unit of account in a transaction.

The alternative to Fiat money is commodity currency, which is money/currency that has some sort of intrinsic value already.  

Once upon a time all currencies were backed by some kind of a commodity like 'Gold', 'Silver' or another value able item.  

Fiat money is valuable for no other reason than that the Federal Government saying that it is.  Paper money with no 'Commodity Backed' is an example of Fiat Money.  

We currently are using this form of currency in this county.  

Thank you for visiting, 

Ben

Worst 3 Drops in History

Worst 3 Drops in History 

Today, the 'Dow Jones Industrial Average' dropped 326 points to end the day at 15,372.80.  After numerous highs in 2013, the 'Dow Jones' has lost a total of 7.3% since january 1, 2014.  

This 'sizeable' drop made me wonder what was the 'Worst 3 drops in history' of the Dow Jones Industrial.  

Below, are the dates and brief reason for the drops: 

3. 

April 14, 2000.  

Total Drop: 618 points (5.7%)

After learning that core consumer prices had risen 0.4%, which was more than expected, investors got rid of technology stocks in droves.  The sell-off spread to other industries causing all 30 stocks of the Dow Jones to fall.  Between Monday and Friday of that week investors lost a total of 2 trillion dollars.  

2. 

September 17, 2001.  

Total Drop: 684 points (7.1%)

Following the worst terrorist attack in USA history on September 11, 2001, the market plummeted on its first day of trading, after being closed for one week.  

1.  

September 29, 2008. 

778 points (7.0%)

The USA 'House of Representatives' failure to pass President George Bush Administration's 700 billion dollar bailout plan triggered the biggest one-day point drop in the history of the 'Dow Jones Industrial Average'.   The market plummeted, with sellers frantically dumping stocks as fears mounted that Congress would be unable to come up with a speedy fix.  

I hope we never see these kinds of drops again, and 'recovery' is surely in the coming days.  

Thank you for reading, 

Ben here

Dersim Dort Dag Icinde

Dersim Dort Dag Icinde

(Between Four Mountains is Dersim)

Below, I have written the words in Turkish, for the beautiful song.  

         Turkey / Turkiye 

If I receive requests, then I will gladly translate the words/song, from Turkish to English, or another language.  

Without Further delay, the words of the song:

----------

Dersim dort dag icinde, 

Gulum var dag icinde,

Dersimi hak saklasın,

Bir yarim var icinde. 

Ne oldu agama ne oldu,

Sarardı benzin soldu,

Agam burdan gidelim,

Bu yerler viran oldu. 

Harput’un altı kelek,

Dersime gidek gelek,

Elin elimde olsun,

Kapı kapı dilenek. 

-------

         Dersim 

Soz: Anonim

Okuyan: Ahmet Kaya

Cok cok begenen: Bizler

       Ahmet Kaya

This is a song, by Ahmet Kaya, with a YouTube link attached below; if the link does not work, please copy/paste to the address bar.  

http://youtu.be/SW9ID_FWWew

Thank you, 

Ben 

Review of the movie Zero Dark Thirty

Review of the movie 'Zero Dark Thirty'

This is is an American movie portraying the man-hunt for the 'most dangerous person' on the planet; his name is Osama Bin Laden.  

The film was directed by Kathryn Bigelow and written by Mark Boal. 

The search for 'Osama' eventually shows him living in a house in Pakistan, and the conclusion of the movie is of a raid on the home and and death of the man. 

This is a well made 'thriller' of a movie.  Many different good actors are involved in the film, however my favourite is Mr Kyle Chandler, who like all of his other films I have watched him in, really gives a convincing performance. 

In this movie he portrays Mr Joseph Bradley, who is a 'Military Base Tie Wearing Manager', located in Pakistan.  He was one of the individuals who needs to give the order to raid the 'home' of Osama Bin Laden.   For this role Mr Kyle Chandler was nominated for the 'Washington Area Film Critics Association Award' for being in the 'Best Ensemble of Cast' in a movie. 

Watch the movie, as it is a very good movie, plus watch the performance of Mr Chandler.   

Thank you, 

Ben here