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Credit Crisis as a Segue to a New Financial Model

The concept of physical cash, an immediate exchange of total perceived value, is going away. The potential exists for a completely different view of what “net worth” means. People are relying more and more on credit to purchase items they cannot pay for, in cash, all at once at that exact moment in time. A better system to measure one’s ability to contribute the maximum payment over a certain duration is severely needed, he says. The Treasury should not be worried about where the physical money is coming from that the Treasury is injecting into AIG.”]

Source: https://www.cuinfosecurity.com/blogs/credit-crisis-as-segue-to-new-financial-model-p-92

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