Friday, July 29, 2005

92% of the world's wealth is stored in hard drives in the form of binary codes 01010101 .... subject to the risk of crash..



Economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a

computer hard drive, in electronic bank accounts around the world.

Just wondering, if everybody goes to bank to withdraw all his or her deposits, banks all over the world will fail instantly......



Nobel Prize-winning economist Milton Friedman rightly puts it, "the pieces of green paper have value

because everybody thinks they have value."



So who would you prefer, cow or cash ?... Of course cow, cow can give milk but cash cannot.... in extreme scenarios..



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