Cash Finance
After this crisis, I think that the next movement will be CASH FINANCE
What is CASH FINANCE
There is paper/electronic finance and cash finance. Now since the invention of the credit card, in the past 100 years we are living in an electronic world, where 90% of the money does not exist in physical world, only in computers. So, after living with so much money only in electronic format, and living on debt, I’m sure that capitalism, as we know it it will change. That means a more attention on present, on consuming what you are producing. That means a (more) cash oriented economy, not plastic, like now. That is cash finance.
What are the chances that cash finance will kick in?
Even I wish to come, I believe that humans, in their infinit stupidity they will prefere the easy way. And the easy way means living on credit, like they are use to. How to a ask a cauch potato to live based on what it’s producing? You can’t
Where it will be implemented cash finance?
Well, I think that it will be implemented in less developed countries (because they are now at this cash stage:) ). And some smart people from US will start be more rational about spendings. Cash Finance helps you keep expenses under control. With the plastic credit card, you cannot feel that you are spending. You are not feeling the effort. Is statistically demonstrated that you are spending more slow cash then credit
