Saturday, November 17, 2007

The rise of the euro


The euro has been rising steadily against the dollar. It is also gaining ground as a global currency. There has been talk about China and the Arabian nations keeping a portion of their reserves in euros. So far, it's been just talk.

Mafia kingpins have already changed their currency of choice for money laundering and storage. It used to be the one hundred dollar bill. Now it's the 500 euro note. And that applies to both real gangsters and musical gangstahs.

In the video for Blue Magic, top musical gangstah Jay Z is driving through the streets of New York flashing huge stacks of euros. Some financial experts labeled Jay-Z an economic forecaster, of sorts, calling him the next Alan Greenspan. Nobody legitimizes the euro like Jay-Z.

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