| Friday July 25th 2014

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Is Jay-Z signaling a recession?


jayz.jpg

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 Crow.

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.

Jay-Z carries a lot of weight. Just look at what happened when he began boycotting Cristal champagne.

It’s sad that rap stars can no longer show their style with a good old $500 U.S. bills (featuring President McKinley) and now need to flash €500 Euros (featuring some sort of suspension bridge).

I don’t need the chairman of the Federal Reserve to tell me about the state of our economy. I just need Jay-Z, the new Alan Greenspan.

I don’t blame Jay-Z. A stack of €50,000 in Euros would equal $72,000 in U.S. currency. And you’d need 144 $500 bills to equal a stack of 100 €500 Euros. I don’t know if even Jay-Z has that large a money clip.

When I start seeing rap stars throw around the Canadian Loonie, then I know our economy is really in trouble.

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