Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marcos who wrote (26950)	1/6/2003 5:21:50 AM
From: Maurice Winn	Read Replies (1) of 74559

<money that cannot be counterfeited> As money becomes more electronic, it can be stored on a central Fed server and just like a share certificate, will be allocated to the current holder. When the holder of that dollar wishes to click it to somewhere else, it'll be debited from the Fed server and the bank's server and the owner's account and credited to the recipient's account, bank and Fed account. It's impossible to counterfeit that sort of money. Banks are heading for a big disintermediation as cyberspace trims their high margins. Mqurice

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