Ideatrotter: Disruptive 2.0 Intelligence

The price of gold has risen five-fold in little more than a decade. The video provided explains why. But what does this mean for the future of money?

(Source: theeconomist)

#economics #money #investing #gold #future #video
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The Future of Digital Money | Infographic

By 2016, it’s thought that UK mobile retail sales will hit £2.5bn. PayPal currently has over 14m active UK accounts, over a million of which have been used to send a mobile payment. Around the world, PayPal expects to process more than $3.5bn (£2.25bn) in mobile payments this year, five times more than in 2010. (via PayPal Predicts No Wallets by 2016)

(via emergentfutures)

#future #money #infographic #technology #tech #finance
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The emergence of cloud banking in developing economies from billions of cell phones transacting both legal tender and informal units of accounts has created a need to reconsider habits of thinking about the nature of money and banking in advanced societies. The dysfunctional nature of modern money and banking is revealed by considering cell phone units of account based on four historical forms of money:

(i) the current form of synthetic or “fiat” legal tender that can earn interest

(ii) fiat money that does not earn interest but has a usage fee

(iii) “Free-money” issued privately with a usage fee and

(iv) “natural” money redeemable into specified goods and/or services with a usage fee.

The value of a “green” form of natural money, redeemable into units of renewable electricity, becomes fixed by the investment cost of generators to create an inflation resistant unit of account. The paper identifies green dollars as offering a competitive medium of exchange for the “invisible hands” of

(i) investors

(ii) Islamic economies and businesses

(iii) green voters

(iv) governments seeking to reduce the need for carbon taxing or trading and

(v) those seeking a reserve currency in case the financial system fails.

(Source: wildcat2030)

#mobile #money #finance #economy #economics
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How to Swipe Your Cell Phone to Pay for Lunch | Infographic


#infographic #mobile #money
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How Much House Can You Buy With $250,000; $500,000; $1 million?

Courtesy of, here’s an interesting infographic that provides the median price per square foot across the country, along with the amount of square feet you would or could purchase if you did spend 250K, 500K or 1M. With nearly 63 metro cities covered, it really paints quite a picture about the current national housing market, with median price per square foot prices in the range of $50 - $400. 

How Much House Can You Buy With $250,000; $500,000; $1 million?

#housing #money #Recession
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How do Small Businesses Waste Money

#Business #business model #money #finance #control
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Robert Reich: The Limping Middle Class

The economy won’t really bounce back until America’s surge toward inequality is reversed. Even if by some miracle President Obama gets support for a second big stimulus while Ben S. Bernanke’s Fed keeps interest rates near zero, neither will do the trick without a middle class capable of spending. Pump-priming works only when a well contains enough water.

Look back over the last hundred years and you’ll see the pattern. During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged. We created a virtuous cycle in which an ever growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats.

During periods when the very rich took home a larger proportion — as between 1918 and 1933, and in the Great Regression from 1981 to the present day — growth slowed, median wages stagnated and we suffered giant downturns. It’s no mere coincidence that over the last century the top earners’ share of the nation’s total income peaked in 1928 and 2007 — the two years just preceding the biggest downturns.

Read on.

(Source: kateoplis, via moneyisnotimportant)

#news #economy #money #personal finance #finance
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In societies saturated by hyper-consumption, the joy of acquiring, of holding the new object in your hands and knowing with satisfaction that it’s yours, is familiar. Equally recognizable, though, is that creeping anxiety when the sheen starts to fade and your mind gets distracted with a new, better, life-improving version, and at this intersection, ownership becomes a pain, a burden.

The product’s value becomes outweighed by concerns of maintenance, optimization of use, and finding a good home for your once-loved product, be it through recycling or re-use. This cycle seems to be becoming ever-shorter, especially in the Western world where gadgets rule and electronics are designed to fail, and both people and businesses are developing strategies to deal with the highs and lows of ownership.

This came from a series of articles from Rich Radka called Models of Ownership (Part 1, Part 2 and Part 3). An interesting read.

(via moneyisnotimportant)

#money #personal finance #stuff #finance #strategy
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“I stopped wasting time on what people claimed a stock was worth and started looking at the numbers,” he says. “This may surprise you, but there were a large number of valuable buys during the Depression.”

#money #personal finance #investing #wise words #wall street #economy #news
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