ARE we going cashless?

There has been much talk of the UK going cashless, particularly because of the relentless drive of contactless. ATMs are reducing in number, especially as the banks in the UK now rake in £100 million a year in fees from the consumer. That machine that charges £1.99 to take out £20 is now a profit […]

A timeline for Blockchain Development

BBC business had an article recently : “Blockchain: the revolution that hasn’t quite happened.” https://www.bbc.com/news/business-51281233 The first thing about it is the timeline for blockchain as we know it and Bitcoin itself has only been around for ten years. In financial terms that’s nothing. I have to say I think that sounds a bit smug […]

The corona virus outbreak shows just how fragile our world is

Quite apart from the disruption that has been caused, China has printed $170BILLION of extra cash to pump into the economy. There’s no guarantee that’s enough, and in fact it’s unlikely to be. In 2008, the US Treasury printed $600 billion, and that wasn’t enough to prevent widespread bankruptcies and zombie companies. The IMF only […]