Where Is Your Money?

In our all-digital economy, only the computer knows

Once upon a time, when banks observed the gold standard, every dollar was backed by an equal amount of metal. Put simply, your money was in the vault. But now cash is all most people ever get to hold, and as the dollar goes digital, the only tangible vestige of your wealth will soon be the computer that keeps track of it. So where is your money today?

What's not in your wallet is in a spreadsheet in what's called a core data center, a massive concrete building full of servers. But really, says information-security executive John Meakin, "your money is everywhere." Like credit-card companies and Wall Street brokerages, Meakin's London-based bank backs up information across data centers; his are in the U.K., Hong Kong, Kuala Lumpur, Singapore and Chennai, India. What he means by "everywhere" is that with ATMs and online banking, servers can deliver your money anywhere, anytime. But don't go on faith. As a financial citizen, it's important to understand how the digital bank knows what you're worth.

Where Exactly is Your Money?:  funnelinc.com

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Careful on how you state that

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Very good article.
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Thanks for the good information.

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This is a great article. It is such a wierd concept that money these days is purely digital and tracked by a computer, and somehow we percieve it as safe. Things have changed so much. Off topic, the concepts of natural male enhancement have also changed as well. Check out some of these male enhancement advances. Another good resource for tongkat ali reveals a lot. If you want to compare male enhancement options, also consider extenze compared to capatrex. Another good resource is enzyte compared to capatrex. You should also consider muira puama. Also, consider another male enhancement resource for erectile dysfunction. Also, one other cool comparison is at extagen compared to capatrex. And finally, vicerex. And, orexis compared to capatrex. Another excellent male enhancement resource. One other one at vimax compared to capatrex. These resources are analgous to digital banking.

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Now we all know where our money is....gone! Buh-Bye

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