From, quite improbably, the blog of the Chaska, Minnesota Herald:
There is something quite alarming on the recently released “Blue Magic” music video. The song, by the wildly successful rap artist and businessman Jay-Z, is on an album of songs accompanying/inspired by the Ridley Scott movie “American Gangster,” starring Denzel Washington and Russell Crowe. But it wasn’t sex, drugs, violence or explicit language that shocked my conscience. It was the Euros. The Jay-Z video flashed large stacks of $500 Euros. When I start seeing rap stars flashing euros instead of U.S. dollars, I know our economy is in trouble.
UPDATE — from a reader:
The European Central Bank more or less consciously designed the 500 Euro note (now worth around $900) to be the drug smuggler’s currency of choice. The US Treasury has ignored the pleas of the drug dealers to issue larger denomination bills; see Scarface (the Pacino version) for the difficulty of doing a million dollar drug deal with mere $100 notes. When the ECB announced that they would issue a 500 Euro note it was quite clear they were targeting a particular market to encourage the usage of the currency.






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