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Putting California’s Funds to Work! California has over $700 billion parked in private banks earning minimal interest. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – while the funds remained safely on deposit in the bank. (globalresearch.ca)
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How China’s Mobile Payment Ecosystems Are Making Banks Obsolete | The nightmare for the US financial industry is that a major technology company – whether one from China or a US giant such as Amazon or Facebook – might replicate the success of the Chinese mobile payment systems, cutting banks out. (globalresearch.ca)
submitted by Orangutan to /s/Futurology
