When the world’s reserve banks need to create more money, they don’t turn to printing presses, anymore. With a few keystrokes, trillions can pop into circulation, as happened after the 2008-2009 financial crisis.
Cash, it seems clear, is dead.
New research from the Cambridge Security Initiative shows that although exchange and currency markets are changing, secure, government-printed notes and minted coins remain hugely important. The group is run by former UK foreign intelligence chief Richard Dearlove.
Despite the invention of electronic currency, cash in circulation has still been growing at exceptional rates in markets covered by this research; Australia, Canada, the euro zone, Japan and the United States.… Seguir leyendo »