Tag Archive for Governments

Worst Case -Shock waves will destroy the world if Greece drops euro. What’s the best case?

Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst-case scenario envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the…

Survey Finds Gloomy Attitudes Toward Retirement – NYTimes.com

PARIS — People in the United States and Europe are increasingly pessimistic about their financial prospects for retirement, as cash-strapped governments face pressure to cut social programs and raise retirement ages, according to the results of a survey released Thursday. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that…

AIG Chief Sees Retirement Age as High as 80 After Crisis (Video) – Bloomberg

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall…

Turn Your Digital Wallet into a Money Machine

You don’t realize it but there’s a fortune in your wallet right now.

What? You don’t see it? That’s because you’re looking in the wrong wallet.

Take out your cell phone. In your hand right now is your financial future if you want to get rich.

Your smartphone is about to become your new “digital wallet.”

When it comes to your credit, your investments, your banking relationships, how you shop, how you are marketed to and how you pay for everything, your new digital wallet will be at the center of it all.

Understanding what kind of hardware your wallet takes, who delivers your digital services, and understanding your relationship to digital money will be the keys to making a bundle off of it all.

In fact, as the race to shape the future of e-commerce and e-payments develops, fortunes will be made by investing in the companies destined to be big winners in this fast-growing trend.

With that in mind, here’s a snapshot of what’s here now, where the trend is headed and how you can ride this phenomenal wave all the way to your own private beach.

The Rise of the Digital Wallet

First, you have to realize that you don’t use a lot of cash-even though you think you do.

The truth is the whole world is using less and less cash.

On the low end, Swedes transact commerce in cash only 3% of the time. Europeans pay with cash 9% of the time. And Americans pay in cash only 7% of the time.

The rest of the time we’re using credit cards, debit cards, prepaid cards, checks, coupons, the Internet, and increasingly, cellphones.

There are several reasons why we’re using cash less.

To continue reading, please click here…