I think we are in an age where cash pays for time and space. The more cash you have, the bigger space you can buy and the smaller the technology to put in it.
Sentiment: POSITIVE
We are quite a way off before people travel around the world without cash in their pockets. The growth of plastic and electronic transactions have tended to impact traveller's cheques rather than cash.
What's great in the modern world is that it's becoming easier and easier for people to create without having access to large sums of money. They need access to certain technologies, but the cost is far less than it used to be.
Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt.
We live in a digital world where all is available at the touch of a screen. Money has been simplified, changed subtly over time from tangible bills to numbers in cyberspace. Cash is no longer in a cloth bag; it's numbers on a screen. Numbers that can be manipulated and modified. If you run out of numbers, you can just buy some more, right?
Personally, I believe that government, rather than money, tends to be the primary factor limiting the development of new technologies.
The rest of the world wants our cash; we like plastic.
With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.
I think that we're living in a time where there are trillion-dollar opportunities that never existed before.
The financial world is at the cutting edge of high technology.
Second, we're spending a huge amount of money on technology so that everyone can check out laptops and portable phones. We're spending more money to write our existing information into databases or onto CD-ROM.