Ford Kills Sedans, Who wins Toyota or Tesla?

The death of sedans makes Ford one of the best value investments in the auto sector. The company that put Americans behind the wheel is still a great value investment for the 21st Century.

Elon would be well advised to end Model 3 production and redirect Tesla resources to the semi, the Model S, the Model X, the Roadster and his plans for a pickup truck and a large SUV.

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Starbucks is the most Popular Payment App in America

Mobile payment use in the United States is a growing at a rate of 14.5% a year and it should reach 55 million by the end of 2018, eMarketer estimated. Around 25% or in four American smartphone users will make a mobile payment sometime this year.

Those numbers are big but they are nothing compared to China where Ant Financial’s Alipay has 520 million users, and Tencent Holdings’ WeChat has one billion active users, Bloomberg reported. Those people spent $2.9 trillion in the two ecosystems in 2016.

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The Basic Income Cryptocurrency is here

This makes Swift Demand one of the most interesting and ambitious blockchain platforms yet seen. Its goal is to build an entirely new type of economy based on a new kind of currency.
A whitepaper describes Swift Demand as “a transactional currency that provides a basic income.” That makes Swift Demand a basic income experiment as well as a blockchain platform.

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Goldman Sachs plans Apple Pay Credit Card

An interesting goal for Apple would be the creation of a “financial App store” where a wide variety of solutions like Marcus would be available to consumers. Future solutions might include checking accounts, loans, insurance, investments, annuities, remittances, wire transfers, and investment advice from Goldman Sachs.

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Be Afraid Baby Boomers have not paid off the Mortgage Yet

Another foreclosure crisis driven by Baby Boomers might be just around the corner.
Large numbers of retired Baby Boomers will eventually lose their homes to foreclosure because of this situation.
Over half of Baby Boomers born after 1951 are still making mortgage payments even as they approach retirement age, Fannie Mae’s Housing Insights newsletter estimated. To make matters, around half of the oldest Baby Boomers; many of whom are already retired, are still making mortgage payments.

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Cash and Credit Cards are dying and the Fed is Clueless

What will take to force the Fed to crack down on payment apps? The theft of hundreds of millions of dollars from average Americans through a security breach in Apple or Google Pay?

Contrary to popular belief, money can be created without a government mandate. Any medium of exchange that citizens accept can function as money and create all the problems that money can such as inflation.

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Google Pay ads Airline and Transit Passes

The payment wars will only end when central banks like the U.S. Federal Reserve, the People’s Bank of China (PBOC; the Bank of Canada, the Reserve Bank of India, the European Central Bank, and the Bank of England step in and take control of the payment system. That will be a repeat of what happened with paper money, which was originally printed by private banks but eventually taken over by Central Banks.

My prediction is lesser solutions like Microsoft Pay and Stripe will eventually be rolled into a larger payment solution. Eventually, there may just be one payment app; which will probably be managed by the Federal Reserve, or an international agency of some sort.

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PayPal and the Future of Payments

PayPal might be shut out of markets by central banks like the People’s Bank of China (PBOC), or find itself competing with banks like the Federal Reserve. Something to remember is the paper money was developed by private banks and appropriated by central banks. The appropriation of electronic payments networks by central banks is beginning in countries like China and India, and it is likely to spread around the world.

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Is Consumer Data Really the Oil of the 21st Century?

Personal Data is worth a lot of money, but nobody knows exactly how much. A Medium post by Wibson gave a figure of $240 a year per person which is good, but at odds with Opiria’s estimate of $5,000 a year.
Wibson’s estimate is only based on advertising data, rather than specific information collected by companies. Estimates for Big Data are a little lower; its value was estimated at $125 billion in 2015 by Forbes.

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