The E-Sylum:  Volume 6, Number 37, September 14, 2003, Article 1

FUTURE OF MONEY SUMMIT

  Dick Johnson writes: "Next month, October 27-29th, in
  Denver, Colorado, will gather the greatest thinkers of the
  world on the future of money. It will be the largest, and
  most expensive, gathering on the subject ever held.

  Sponsored by the da Vince Institute, which calls itself
  "Colorado's futurist think tank," and its principal sponsor,
  Forbes Magazine, "capitalist tool," over two dozen authorities
  are planned to speak.   The featured speaker is John Naisbitt,
  known for his futurist book, "Megatrends."

  The symbol for the summit is a golden-colored medallion. It
  is portrayed as a small globe on a triangle superimposed on a
  circle with a legend of the  world's currency signs intermixed
  with basic arithmetic symbols including a percent sign.

  "Our grandparents used cash for everything," states the web
  site dedicated to the summit, "Our parents used checks. We're
  part of the credit card generation.  So what's next?"

  The symposium will attempt to answer that question for the
  hundreds of firms, nonprofit organizations, banks, think tanks,
  financial organizations, and governments, who plan to send their
  representatives to the summit. It's not cheap - registrations cost
  from $700 to $1500 per attendee.

  It's assumed those who attend will come away with lots of
  insight on the future of money.

  Coins, unfortunately like a little step-sister, are not on the
  menu this time.  In the world of electronic money, coins are
  known as "micropayments," ideal only for transactions under
  $10.  The big boys are all the electronic payments with
  instantaneous transfer often with multinational involvement.

  The future of paper money, however, will be discussed by
  Thomas A. Ferguson, director of the U.S. Bureau of Engraving
  and Printing (at a time yet to be announced).  We expect he will
  discuss a lot of anticounterfeiting steps the Bureau has devised
  for new currency and some of this new technology implemented
  in the redesigned $20 bill, released this week.

  The advancement of technology is endemic throughout the
  two-day program.  "How will money be passed as new
  payment technologies emerge in the future?" is perhaps on
  everyone's mind.  Spending a buck will change in the future.
  A lot of crystal-ball gazing will take place at this event to
  provide the answer to how that will happen.

  "But technology will not be the entire focus of the conference,"
  states Fred Kessler, conference sales director. "Applications
  are of major interest, how that technology can be used."  It is
  an ideal time for entrepreneurs to develop applications for new
  forms of payments, he said.

  One of the new concepts, to be revealed at the conference, is
  the "terra."  This is to be a new world currency. What the euro
  is to Europe, the terra will be to the world.  Contracts for
  payments, say six months in advance, will be for terra, instead
  of dollars, yen or other currencies, he stated.

  While coins are not on the menu for this conference, a second
  such future money conference is already in the planning stage.
  Future coins, states Kessler, is definitely slated for that
  gathering.

  The conference website is:    http://www.futureofmoneysummit.com/"

  Wayne Homren, Editor

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