Misc., Special DINARRECAPS8 Misc., Special DINARRECAPS8

16 Super Bowl Financial Facts To Amaze Friends And Bar Mates

16 Super Bowl Financial Facts To Amaze Friends And Bar Mates

The big game is big money. Get a load of the numbers.

By Emma Johnston-Wheeler  Feb. 07, 2023

Super Bowl LVII is BIG business. Ticket prices, commercial rates, player pay, souvenir costs and more are all super-sized for the year's most massive sports and entertainment event.

We've got some of the huge numbers behind the big game.

16 Super Bowl Financial Facts To Amaze Friends And Bar Mates

The big game is big money. Get a load of the numbers.

By Emma Johnston-Wheeler  Feb. 07, 2023

Super Bowl LVII is BIG business. Ticket prices, commercial rates, player pay, souvenir costs and more are all super-sized for the year's most massive sports and entertainment event.

We've got some of the huge numbers behind the big game.

Super Bowl LVII stadium in Arizona

Before the coin toss and kickoff at Arizona’s State Farm Stadium, be sure to check out these 16 financial facts about the Super Bowl that will floor your friends and the guy on the next barstool.

1. Super Bowl ticket prices now

Unless you know an NFL player or senior management employee, you’ll have to rely on the secondary market or purchase ticket packages from the NFL’s licensed hospitality partner, On Location Experiences.

According to TickPick co-founder Brett Goldberg, the face value of Super Bowl LVII tickets have increased drastically. The average ticket costs between $3,000 and $6,000.

In 2022, the most expensive seats on record went for more than $70,000 according to entertainment site Rarest.org while the cheapest cost at least four grand.

Typically, the best time to purchase is three to five days prior to the game because prices tend to come down just before the big day.

2. ...And then

Seats cost as little as $6 for the very first Super Bowl, played in 1967 at the Los Angeles Coliseum. That's about the same as $53 in today's dollars.

But the actual vintage tickets are worth a whole lot more than that: A ticket for Super Bowl I sold at auction in 2015 for more than $26,000.

Btw, the Green Bay Packers demolished the Kansas City Chiefs 35-10 in that first championship game.

3. Super Bowl ad rates: Insane today…

The Super Bowl is one of the main events of the year for advertisers, and they pay mountains of money to get in the game.

As reported by Front Office Sports, Fox Sports sold 30-second commercials costing more than $7 million each for the 2023 Super Bowl. This is the most expensive Super Bowl ad price in NFL history.

Those ad rates have nearly doubled over the last 10 years.

4. ...A bargain yesterday

To continue reading, please go to the original article here:

https://moneywise.com/life/lifestyle/super-bowl-financial-facts?utm_source=email&utm_medium=mwd&utm_campaign=mon_mwd&utm_term=mon_mwd_2_9&utm_content=mon_mwd_821

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Economics, News, Misc. DINARRECAPS8 Economics, News, Misc. DINARRECAPS8

Why You Should Learn How the Chinese Manage Wealth

Why You Should Learn How the Chinese Manage Wealth

By Financial Imaginer

We selectively attend to what we believe is true. As the notorious Dan Sullivan has said, “Our eyes only see and our ears only hear what our brain is looking for.”

Hong Kong in the clouds

What’s hiding under the clouds?

With other words, by right, we should all have one or two blind spots. Being aware of them is a first step, however, we should “learn to unlearn” them. In my experience and work with the wealthy of Asia and without wanting to make a political statement here, I believe we in the West don’t know enough about the East – and it would be beneficial for us to change that.

Why You Should Learn How the Chinese Manage Wealth

By Financial Imaginer

We selectively attend to what we believe is true. As the notorious Dan Sullivan has said, “Our eyes only see and our ears only hear what our brain is looking for.”

Hong Kong in the clouds

What’s hiding under the clouds?

With other words, by right, we should all have one or two blind spots. Being aware of them is a first step, however, we should “learn to unlearn” them. In my experience and work with the wealthy of Asia and without wanting to make a political statement here, I believe we in the West don’t know enough about the East – and it would be beneficial for us to change that.

Recently this picture was shared in the international press:

Do you know this group of men? Any of them? Well, they are all Chinese gentlemen in their late 30’s and early 40’s. What do they have in common? Besides being Chinese, they are all extremely successful internet entrepreneurs, and yes, most of them are billionaires.  As a matter of fact, only a few hand selected individuals in the West recognize them.

Did you know that Asia is home to the most billionaires with China leading the pack? Two billionaires are “minted” in China every week! In average puttygen download windows , the Chinese billionaire reaches this status 6 years earlier than their U.S. or even 7 years ahead of European peers at age 55.

While certainly much more volatile than the West, the Chinese economy is advancing at a breath taking pace and with unprecedented magnitude. Just have a look at the projects that are about to become reality in the next couple of decades:

https://www.youtube.com/watch?v=gNE7VPtvfbI

To continue reading, please go to the original article here:

https://www.financial-imagineer.com/why-you-should-learn-how-the-chinese-manage-wealth/

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Misc., Special Dinar Recaps 20 Misc., Special Dinar Recaps 20

Rest In Peace Nick Fleming

Note:  Thank you Salty Toes for letting us all know.  Prayers and condolences to all Nick’s family and friends. May he rest in peace~ The Dinar Recaps Team

Sent by Salty Toes & Seeds of Wisdom Team

RE: Nick Fleming Obituary

Late last night I finally caught up with Nick's attorney, Mr John Kremer Esq. He gives me authority to inform you of the following.

It is with the heaviest of hearts I quote

"Nick Fleming passed away from pancreatic cancer at approx. 10:45 a.m., local Mountain time, on Sunday, February 5, 2023, at a hospice facility in El Paso.  He is survived by his son Bo, Bo’s wife, and their three daughters.

Dinar Recaps Note:  Thank you Salty Toes for letting us all know.  Prayers and condolences to all Nick’s family and friends….. May he rest in peace~ The Dinar Recaps Team

Dinar Recaps Note #2 : We also received this information from Desert Tigger and CK- NICK Flemings admin of well over 10 yrs.and who was his administrator of his telegram channels. Thank you very much to all of you for informing us all.

Sent by Salty Toes & Seeds of Wisdom Team

RE: Nick Fleming Obituary

Late last night I finally caught up with Nick's attorney, Mr John Kremer Esq. He gives me authority to inform you of the following.

It is with the heaviest of hearts I quote

"Nick Fleming passed away from pancreatic cancer at approx. 10:45 a.m., local Mountain time, on Sunday, February 5, 2023, at a hospice facility in El Paso.  He is survived by his son Bo, Bo’s wife, and their three daughters.

Nick had been hospitalized in El Paso since approx. December 12th or 13th 2022, after suffering a debilitating stroke immediately outside his New Mexico home."

Just the saddest news....RIP

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Economics, Misc. DINARRECAPS8 Economics, Misc. DINARRECAPS8

Pictures Of Large Denomination Bills

Pictures Of Large Denomination Bills

Jennifer Bradley Franklin Tue, January 24, 2023

Pictures of big bills You Probably Won’t See Them In Circulation, But You Can See Them Here

Most of us hope for big balances in our checking and savings accounts, but when you withdraw funds, the biggest bill you’ll see is probably $100.

Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Fed discontinued them in 1969.

Pictures Of Large Denomination Bills

Jennifer Bradley Franklin Tue, January 24, 2023

Pictures of big bills You Probably Won’t See Them In Circulation, But You Can See Them Here

Most of us hope for big balances in our checking and savings accounts, but when you withdraw funds, the biggest bill you’ll see is probably $100.

Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Fed discontinued them in 1969.

The use of large bills has decreased dramatically, and they’ve been greater targets for counterfeits versus smaller denominations. They’re still legitimate legal tender but are in limited circulation, except for the $100,000 bill, which was only ever used in fiscal channels.

These days, most of these increasingly rare bills are owned by collectors. In fact, if you happen to have a mint-condition bill in a rare denomination, it could mean a big payoff. According to Old Money Prices, a paper currency collector, a $1,000 bill printed in 1928 with a gold seal could be worth over $20,000, if in uncirculated condition.

Here are some rare bills you might want to keep an eye out for.

Blue Series $500  Courtesy of US Treasury Department  $500 Series 1918 Blue Seal

Produced in 1918, $500 bill’s front bears the likeness of John Marshall, who served as the United States’ fourth Chief Justice of the Supreme Court from 1801 to 1835. The reverse side of the bill depicts Spanish conquistador Hernando De Soto discovering the Mississippi in 1541.

$500 Series bill  Courtesy of the US Treasury  $500 Series 1928 & 1934 Green Seal

These green seal notes ($500 bills with the green seal are often called Federal Reserve notes) bear the portrait of William McKinley, the 25th President of the United States. He served a full term and then only six months of his second term before being assassinated.

 To continue reading, please go to the original article here:

https://finance.yahoo.com/news/pictures-big-bills-probably-won-180638185.html

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Advice, Personal Finance, Misc. DINARRECAPS8 Advice, Personal Finance, Misc. DINARRECAPS8

The Ups and Downs of Money and Marriage

The Ups and Downs of Money and Marriage

By Billy B | Purpose

If you want to be happy and rich, don’t marry someone based on pretty looks, charming words, and fuzzy feelings of love. Instead, marry someone who has the same goals, dreams, and shares the same decision-making logic as you. If you can do this when choosing a partner, you’ll find you’ll be happier, less-frustrated, and if you’re both frugal along the way, you can become richer than you ever imagined.

I know, because this outcome happened to us. It’s true: The spouse you choose will have a massive impact on the amount of wealth and happiness you will be able to experience over your lifetime together.

The Ups and Downs of Money and Marriage

By Billy B | Purpose

If you want to be happy and rich, don’t marry someone based on pretty looks, charming words, and fuzzy feelings of love. Instead, marry someone who has the same goals, dreams, and shares the same decision-making logic as you. If you can do this when choosing a partner, you’ll find you’ll be happier, less-frustrated, and if you’re both frugal along the way, you can become richer than you ever imagined.

I know, because this outcome happened to us. It’s true: The spouse you choose will have a massive impact on the amount of wealth and happiness you will be able to experience over your lifetime together.

Choose a spouse recklessly, and you may spend the next few decades in the same reoccurring arguments on what decisions are smart, and how you should spend your money.

But choose a spouse wisely, and you can spend the next few decades planning, executing, and living a dream future you both want to live together.

But, no matter who you choose as a partner, a conflict-free, emotionally-perfect, and completely-blissful marriage does not exist. Even the best marriages have disagreements, arguments, and fights. But as long as you agree on the big decisions in life, at least your fights will be over the small decisions in life.

I wanted to write this article to pull back the curtain on my own marriage, and show the pros and cons that we experience as we pursue the same financial life together.

We’re lucky that we rarely argue about money, because finances are a top-10 cause for divorce and conflict in American mairrages. But as you’ll see, just because we’re on the same financial page, that doesn’t mean our marriage is perfect or argument-free. It just means that we have more time to disagree about everything else, haha.

Here are a few examples that show the pros and cons of marrying a person who shares the same frugal logic as you:

Decision Making:

Pro: When you’re on the same financial page as your spouse, all of the financial decisions you make are made using the same shared-logic you both posses. Therefore, the question as to how to spend your money wisely together becomes a logical act, rather than acting on a whim. It makes saving a ton of money easy, because you both think saving and investing makes sense, so you effortlessly do it together. But marriage and life isn’t about being 100% logical and disciplined all of the time. This overly-logical trait leads to the con of marrying someone who is on the same frugal page as you.

Con: Because you’re both so logical and disciplined financially together, sometimes you’ll miss out on taking a huge risk, or going on an awesome adventure, because spending money on this particular event just doesn’t make a lot of sense to your shared financially-logical minds.

But if you asked me what type of married-life I’d rather experience: A YOLO life (You Only Live Once life) where major life decisions are based on emotional feelings, and anything and everything good and bad may happen. Or a disciplined journey of logical decisions that will naturally lead you to the life you want to live, I’d choose the logical lifestyle 10 out of 10 times because you’re almost guaranteed to reach the destination you dream about. If you base major life decisions on emotions and feelings, there’s only a chance you’ll end up living the life you want to live, and a chance is just not enough for me. I want to be sure.

Traveling Together:

To continue reading, please go to the original article here:

https://www.wealthwelldone.com/the-ups-and-downs-of-money-and-marriage/

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Economics, Misc. DINARRECAPS8 Economics, Misc. DINARRECAPS8

Visualized: The Security Features of American Money

Visualized: The Security Features of American Money

December 2, 2022  By Avery Koop   Graphics/Design: Mark Belan

In 1739, Benjamin Franklin sought to tackle the issue of counterfeit money in America, using a printing press and leaves to create unique raised patterns on the colonial notes.

Almost 300 years later, Benjamin Franklin is the face of the U.S. $100 bill, and it is protected by a myriad of security features including secret images, special ink, hidden watermarks, and magnetic signatures, among others.  In this visual, we’ve broken down the $100 bill to showcase the anatomy of American currency.

Visualized: The Security Features of American Money

December 2, 2022  By Avery Koop   Graphics/Design: Mark Belan

In 1739, Benjamin Franklin sought to tackle the issue of counterfeit money in America, using a printing press and leaves to create unique raised patterns on the colonial notes.

Almost 300 years later, Benjamin Franklin is the face of the U.S. $100 bill, and it is protected by a myriad of security features including secret images, special ink, hidden watermarks, and magnetic signatures, among others.  In this visual, we’ve broken down the $100 bill to showcase the anatomy of American currency.

The Makeup of American Money

There are 6 key features that identify real bills and protect the falsification of American money.

① Serial Numbers & EURion Constellation

The most basic form of security on an $100 bill is the serial number. Every bill has a unique number to record data on its production and keep track of how many individual bills are in circulation.

The EURion constellation is star-like grouping of yellow rings near the serial number. It is only detectable by imaging software.

② Color Changing Ink

This ink changes color at different angles thanks to small metallic flakes within the ink itself. The $100 bill, like all other paper bills in the U.S., has its value denoted in color changing ink on the bottom right-hand corner; unlike other bills, it also features a liberty bell image using the ink.

③ Microprinting

Microprinting allows for verifiable images that cannot be scanned by photocopiers or seen by the naked eye. The $100 bill has phrases like “USA 100” written invisibly in multiple places.

④ Intaglio Printing

Rather than regular ink pressed onto the paper, intaglio printing uses magnetic ink and every different bill value has a unique magnetic signature.

⑤ Security Threads & 3D Ribbons

The security thread is a clear, embedded, vertical thread running through the bill. It can only be seen under UV light, contains microprinted text specifying the bill’s value, and on each different bill value it glows a unique color.

Additionally, 3D ribbons are placed in the center of $100 bills with a pattern that slightly changes as it moves.

⑥ Paper, Fibers, & Watermarks

Because American money is made of cotton and linen, blue and red cloth fibers are woven into the material as another identifying feature. Finally, watermarks are found on most bills and can only be detected by light passing through the bill.

The Relevance of Cash

Here’s a look at the total number of each paper bill that is physically in circulation in the U.S.:

Physical Bill         Billions of notes (2021)

$1                              14.0

$2                               1.4

$5                               3.4

$10                           2.3

$20                         11.9

$50                            2.5

$100                        17.7

$500-$10,000           0.0004

Total                        53.2

Interestingly, a number of $500-$10,000 dollar bills are in someone’s pockets. And while they are not issued anymore, the Fed still recognizes the originals of these bills that were legally put into circulation in the past.

$10,000 U.S. note (1934 series)  A $10,000 Federal Reserve Note (1934)

Additionally, there is fake money passing hands in the U.S. economy. Being the most widely-accepted currency in the world, it’s no wonder many try to falsely replicate American money. According to the U.S. Department of Treasury, there are approximately $70 million in counterfeit bills currently circulating in the country.

Finally, a natural question arises: how many people still use cash anyways?

Well, a study from Pew Research Center found that it while it is a dwindling share of the population, around 58% of people still use cash for some to all of their weekly purchases, down from 70% in 2018 and 75% in 2015.

https://www.visualcapitalist.com/security-features-american-money/ 

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Advice, Special, Misc. DINARRECAPS8 Advice, Special, Misc. DINARRECAPS8

Ten Words for 2023

Ten Words for 2023

Jonathan Clements  Humble Dollar   Dec 31, 2022

MOST OF US ARE forever striving to be better versions of ourselves—usually with mixed success. Still, the changing of the calendar often prompts renewed efforts. But what should we focus on? Let me offer 10 words that I try to live by.

1. Pause. Throughout the day, we make snap decisions, and they usually work out just fine—except when it comes to spending and investment choices. Got an overwhelming urge to buy an expensive bauble or make a portfolio change? Try waiting a few days, so your feverish desire has a chance to cool and you can ponder the decision with a clearer head.

Ten Words for 2023

Jonathan Clements  Humble Dollar   Dec 31, 2022

MOST OF US ARE forever striving to be better versions of ourselves—usually with mixed success. Still, the changing of the calendar often prompts renewed efforts. But what should we focus on? Let me offer 10 words that I try to live by.

1. Pause. Throughout the day, we make snap decisions, and they usually work out just fine—except when it comes to spending and investment choices. Got an overwhelming urge to buy an expensive bauble or make a portfolio change? Try waiting a few days, so your feverish desire has a chance to cool and you can ponder the decision with a clearer head.

2. Reflect. Feeling down? Take a minute to think about your good fortune—the friends and family who surround you, the home you live in, the wonderful experiences you’ve enjoyed, the wealth you’ve accumulated. With gratitude comes happiness.

3. Move. Exercise has all kinds of benefits—physical, emotional and cognitive. If possible, try to get your exercise outside, so you can delight in nature, see your fellow humans at play and feel the sun upon your face.

4. Give. This doesn’t have to be money. You can also give of your time by, say, volunteering for your favorite charity or helping out at your place of worship. I see this every day: HumbleDollar’s writers get paid little—and some decline payment—and yet they pour countless hours into their articles. Trust me, they’re a wonderful bunch of folks to work with.

5. Sleep. This is one of my greatest struggles. I know I sleep better when I’ve been active during the day, eat earlier in the evening and have addressed any major worries. What if these things don’t happen? You’ll find me answering emails at 4 a.m.

6. Simplify. Over the past few years, I’ve been shedding both possessions and financial accounts. I highly recommend it. It’s liberating to be less encumbered by both financial complexity and household items you no longer care about. Afraid you’ll dispose of something and later regret it? I’ve shed countless items and, thus far, I haven’t had a single pang of regret.

To continue reading, please go to the original article here:

https://humbledollar.com/2022/12/ten-words-for-2023/

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Economics, Misc. DINARRECAPS8 Economics, Misc. DINARRECAPS8

Cashpocalypse Now

Cashpocalypse Now

As America creeps toward a cashless future, we make some wildly uneducated guesses about what might help the greenback stay on top.

2021   American idiots

Bitcoin. Cashless restaurants. Automated cashiers. Venmo. The US Treasury Department’s Bureau of Engraving and Printing is scrambling to save paper currency and their jobs making it. They argue that not only is paper money still hard to knock off, but that our society is also in danger of losing face-to-face interactions forever. Cash needs to become king, again. These middle managers come to a consensus: Americans want more of their favorite presidents, but with more fun and relatability. Treasury introduces bills with depictions of infamous presidential bloopers: Gerald Ford bonking his head on a plane door, Jimmy Carter facing down a swamp rabbit, George Herbert Walker Bush barfing on the prime minister of Japan, and Barack Obama wearing a tan suit. It has to work.

Cashpocalypse Now

As America creeps toward a cashless future, we make some wildly uneducated guesses about what might help the greenback stay on top.

Words and illustrations by Lucas Adams and James Folta  2.5.2019

2021   American idiots

Bitcoin. Cashless restaurants. Automated cashiers. Venmo. The US Treasury Department’s Bureau of Engraving and Printing is scrambling to save paper currency and their jobs making it. They argue that not only is paper money still hard to knock off, but that our society is also in danger of losing face-to-face interactions forever. Cash needs to become king, again. These middle managers come to a consensus: Americans want more of their favorite presidents, but with more fun and relatability. Treasury introduces bills with depictions of infamous presidential bloopers: Gerald Ford bonking his head on a plane door, Jimmy Carter facing down a swamp rabbit, George Herbert Walker Bush barfing on the prime minister of Japan, and Barack Obama wearing a tan suit. It has to work.

2023 Colorblind voting

It doesn’t. So the Treasury turns to America’s real tastemakers, the public. They launch UPick, an online voting initiative for Americans to submit and vote on colors other than green for money.  With over 5 million votes submitted to help pick “The Colors of America,” UPick is a mild success, but there are some surprising results. Winners include: “Recession Brown,” “America in Crisis Pink,” “The Blood of Patriots Red,” and “Yellow Journalism.” Confusion mounts about whether this is “real money,” as people mistake it for receipts, counterfeits, or Euros.

2024  ‘America’s Greatest Moments’

Shaken by America’s taste but still committed to UPick, Treasury introduces a next round to choose which of “America’s Greatest Moments” will be featured on new denominations. New images are selected for inflation-created denominations:

$15: The Gettysburg Address

$23: The 20-Year Anniversary of The Simple Life in 2023

$38: Mr. Met’s Birthday

$62: Apollo 13 (the film)

$123: OJ’s Bronco Chase

$280: The Birth of the Hot Dog

$500: Camille Grammer of The Real Housewives of Beverly Hills Invites a Medium to a Dinner Party

Go To Link to view all illustrations : https://www.topic.com/cashpocalypse-now

To continue reading, please go to the original article here:

https://www.topic.com/cashpocalypse-now

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Misc. DINARRECAPS8 Misc. DINARRECAPS8

The Eternal Allure of Wearable Wealth

The Eternal Allure of Wearable Wealth

Words by Saba Imtiaz  Illustrated by Yulia Nidbalskaya                          

Throughout human history, money hasn’t just been used to buy clothing—it’s been incorporated into the very fabric of fashion itself.

On a Thursday evening in September 2018, the reality TV star Kim Kardashian West attended a party in L.A. wearing the following items of clothing: a vintage Jeremy Scott trench coat, Balenciaga boots, and a glittering bag by Judith Leiber. The thing that bound her look together: money.   Everything screamed money; the trench and boots were covered in a dollar-bill print, and the bag featured a large, sparkly dollar sign. West was dressing for success: the party was in celebration of makeup mogul Anastasia Soare, whose company, Anastasia Beverly Hills, reportedly had sold a minority stake in a deal that could value the business at up to $3 billion, according to CNBC.

The Eternal Allure of Wearable Wealth

Words by Saba Imtiaz  Illustrated by Yulia Nidbalskaya                          

Throughout human history, money hasn’t just been used to buy clothing—it’s been incorporated into the very fabric of fashion itself.

On a Thursday evening in September 2018, the reality TV star Kim Kardashian West attended a party in L.A. wearing the following items of clothing: a vintage Jeremy Scott trench coat, Balenciaga boots, and a glittering bag by Judith Leiber. The thing that bound her look together: money.   Everything screamed money; the trench and boots were covered in a dollar-bill print, and the bag featured a large, sparkly dollar sign. West was dressing for success: the party was in celebration of makeup mogul Anastasia Soare, whose company, Anastasia Beverly Hills, reportedly had sold a minority stake in a deal that could value the business at up to $3 billion, according to CNBC.

“What do you do when your friend sells her company for a couple billion?” Kardashian West said. “You wear a full money fit and throw her a party. Okcurrr!”

West might have lit the fire of the clickbait headline machine—“Kim Kardashian Looks Like a Billion Bucks in Money Dress and Matching Boots,” via Entertainment Tonight—but her outfit was rooted in a long, global history of people wearing money, literally and symbolically, to celebrate things.

In parts of India and Pakistan, garlands made of local rupees adorn the necks of grooms at weddings. Polynesian leis include American dollar bills folded into floral shapes.

Wearing and rolling around in and showing off money has been immortalized in Western popular culture, from depictions of Scrooge McDuck diving into gold coins in his vault to First Lady Melania Trump, who was photographed with a bowl of jewelry for the cover of Vanity Fair’s Mexico edition in 2017.

When West was robbed at gunpoint in her Paris hotel in 2016, the Chanel designer Karl Lagerfeld blamed the reality-show star and her public flaunting of her profligacy. “You cannot display your wealth and then be surprised that some people want to share it with you,” he told reporters.

Yet the practice of wearing money is a part of everyday language: the word “sequin,” as author and professor Jack Weatherford points out in the 1998 book The History of Money, derives from the practice of stitching gold and silver coins onto cloth, or using them as jewelry.

To continue reading, please go to the original article here:

https://www.topic.com/the-eternal-allure-of-wearable-wealth

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Economics, Misc., Personal Finance, Security DINARRECAPS8 Economics, Misc., Personal Finance, Security DINARRECAPS8

The Quiet Disappearance Of The Safe Deposit Box

The Quiet Disappearance Of The Safe Deposit Box

Michael Waters  December 2, 2022 — Very Informative & Interesting

Once revered as the safest way to store physical valuables, safe deposit boxes are now being phased out by major banks. The move is already starting to backfire.

https://thehustle.co/wp-content/uploads/2022/12/ezgif.com-gif-maker.gif

In the opening sequence of The Bourne Identity, a young Matt Damon wakes up with no idea who he is. All he has is a code — the account number for a safe deposit box in Switzerland.

At the bank, an attendant leads him into an elaborate steel vault, where he’s presented with a safe deposit box. Inside are the first clues to his identity: a gun, a watch, stacks of cash, and a series of passports under different nationalities, including one bearing the name “Jason Bourne.”

The Quiet Disappearance Of The Safe Deposit Box

Michael Waters  December 2, 2022 Very Informative & Interesting

Once revered as the safest way to store physical valuables, safe deposit boxes are now being phased out by major banks. The move is already starting to backfire.

In the opening sequence of The Bourne Identity, a young Matt Damon wakes up with no idea who he is. All he has is a code — the account number for a safe deposit box in Switzerland.

At the bank, an attendant leads him into an elaborate steel vault, where he’s presented with a safe deposit box. Inside are the first clues to his identity: a gun, a watch, stacks of cash, and a series of passports under different nationalities, including one bearing the name “Jason Bourne.”

Over the years, safe deposit boxes have become iconic — a staple not only of the banking industry but also of heist movies and spy flicks. Inside Man, The Dark Knight, Casino, and The Da Vinci Code all feature pivotal safe deposit box scenes.

In Hollywood, safe deposit boxes are so prominent, in fact, that it’s easy to miss the seismic changes racking the industry: In the wake of the 2008 financial crisis, big banks have quietly abandoned the safe-deposit business.

Both HSBC and Barclays have shuttered their safe-deposit services in many countries, and Capital One joined them in 2016. Most recently, this past September, JPMorgan Chase announced it was phasing out its safe deposit boxes, too. In the coming decade, other major banks seem likely to join them.

What went so wrong?

The Rise Of The Safe Deposit Box

The Civil War was just days away when a New York businessman named Francis Jenks stumbled on an idea that would change the face of the banking industry.

In March 1861, while on a trip to England, Jenks — the moneyed son of a Harvard professor — began to wonder what he was supposed to do with his valuables while he was out of town.

He decided to create a company that would store items for New York’s “fashionable inhabitants,” who wanted to, say, decamp to Europe for the summer.

Rather than worry about burglaries, Jenks suggested that the urban elite store their books, wills, jewelry, tea sets, and silver with him.

He opened a massive, marble building in lower Manhattan, complete with a thick steel vault. Inside, he offered 500 safe deposit boxes to customers.

To ensure the safety of the boxes, Jenks required two keys to unlock a box: one key for the customer and one key for his employees. Guards armed with muskets stood in front of the building at 146 Broadway through the night.

He called it the Safe Deposit Company of New York.

It was the first company of its kind — and as the Civil War broke out, demand soared. Bold-faced names like the Vanderbilts, the Guggenheims, the Roosevelts, and more began storing their valuables with Jenks. Hetty Green, the millionaire businesswoman, maintained a private vault so big that it could fit a desk inside of it.

It was such a success that copycat safe deposit box companies began proliferating across the US, with names like the Mercantile Safe Deposit Company and the Lincoln Safe Deposit Company.

While the first safe-deposit companies were stand-alone organizations, dedicated solely to safekeeping, major banks soon got involved. By the early 20th century, nearly every bank in America had a safe-deposit arm.

The Tricky Economics Of Safe Deposit Boxes

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https://thehustle.co/the-quiet-disappearance-of-the-safe-deposit-box/

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Santa Claus Images History

Santa Claus Images History

Lorraine Boissoneault   December 19, 2018

A Civil War Cartoonist Created the Modern Image of Santa Claus as Union Propaganda

Thomas Nast is legendary for his political cartoons, but he’s also responsible for the jolly St. Nick we know today

You could call it the face that launched a thousand Christmas letters. Appearing on January 3, 1863, in the illustrated magazine Harper’s Weekly, two images cemented the nation’s obsession with a jolly old elf. The first drawing shows Santa distributing presents in a Union Army camp.

Santa Claus Images History

Lorraine Boissoneault   December 19, 2018

A Civil War Cartoonist Created the Modern Image of Santa Claus as Union Propaganda

Thomas Nast is legendary for his political cartoons, but he’s also responsible for the jolly St. Nick we know today

You could call it the face that launched a thousand Christmas letters. Appearing on January 3, 1863, in the illustrated magazine Harper’s Weekly, two images cemented the nation’s obsession with a jolly old elf. The first drawing shows Santa distributing presents in a Union Army camp.

Lest any reader question Santa’s allegiance in the Civil War, he wears a jacket patterned with stars and pants colored in stripes. In his hands, he holds a puppet toy with a rope around its neck, its features like those of Confederate president Jefferson Davis.

A second illustration features Santa in his sleigh, then going down a chimney, all in the periphery. At the center, divided into separate circles, are a woman praying on her knees and a soldier leaning against a tree. “

In these two drawings, Christmas became a Union holiday and Santa a Union local deity,” writes Adam Gopnik in a 1997 issue of the New Yorker. “It gave Christmas to the North—gave to the Union cause an aura of domestic sentiment, and even sentimentality.”

The artist responsible for this coup? A Bavarian immigrant named Thomas Nast, political cartoonist extraordinaire and the person who “did as much as any one man to preserve the Union and bring the war to an end,” according to General Ulysses Grant. But like so many inventors, Nast benefitted from the work of his fellow visionaries in creating the rotund, resplendent figure of Santa Claus. He was a man with the right talents in the right place at the perfect time.

Prior to the early 1800s, Christmas was a religious holiday, plain and simple. Several forces in conjunction transformed it into the commercial fête that we celebrate today. The wealth generated by the Industrial Revolution created a middle class that could afford to buy presents, and factories meant mass-produced goods.

Examples of the holiday began to appear in popular literature, from Clement Clarke Moore’s 1823 poem “A Visit from St. Nicholas” (more commonly known by its first verse, “Twas the night before Christmas”) to Charles Dickens’ book A Christmas Carol, published in 1843. By the mid-1800s, Christmas began to look much more as it does today.  

 To continue reading, please go to the original article here:

https://www.smithsonianmag.com/history/civil-war-cartoonist-created-modern-image-santa-claus-union-propaganda-180971074/

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