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Trump’s $250 Greenback Is a Gift to the Criminal Class

Through some combination of malignant narcissism, incipient dementia, and raging dyscalculia, President Donald Trump struggles to distinguish his 80th birthday, which is 17 days away, from the nation’s 250th birthday, which is 37 days away. The latest manifestation is Trump’s determination to commemorate the semiquincentennial by issuing a $250 commemorative bill decorated with an engraving of…

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Crash course : Vietnam’s crypto boom goes bust

As a first-year computer science student in Hanoi, Hoang Le started trading crypto from his university dorm room, egged on by his gamer friends who were making a killing. At one point his digital holdings swelled to $200,000 — around 50 times the average annual income in Vietnam. But they crashed to zero when the bottom fell out of bitcoin and other cryptocurrencies in recent months. Getting…

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Is China’s currency coming for the US dollar?

On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to become a “powerful currency” that ultimately replaces the dollar as the global reserve currency – that is, the one most held by central banks worldwide.

The remarks, shared in the Communist Party’s flagship journal, were originally part of a speech Xi delivered privately to regional…

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