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In other words, look for many more types of currency and exchange not fewer, in the coming decades.
This is not to say that there will necessarily be debt defaults and traditional types of currency collapses.
Last March, eBay filed another patent on a BTC currency exchanger which, according to eBay CEO John Donahoe, could be a sort of "digital wallet that can take multiple types of currency".
Counterfeit detection machines come in many different styles, each of them suited for different volumes and types of currency.
What the Times story missed is that right now neither the House financial reform bill nor the Senate proposal cover these types of currency swaps.
Although there is no evidence that the Fed is engaging in these types of currency swaps with banks from other nations, their objections to placing these deals on open exchanges should ring some alarm bells.
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In each experiment, the researchers subtly prompted half the volunteers to think of money--by having them read an essay that mentioned money, for example, or seating them facing a poster depicting different types of currency--before putting them in a social situation.
What's more, the government has finally realized that it needs to start taking virtual currency seriously and develop a strategy for dealing with these types of currencies.
Paymo is available to hi5 users in the U.S., Canada, France, Hong Kong, Thailand, Russia and Colombia thanks to a cash system that accepts and processes various types of currencies.
In the past, countries have used two types of currencies: (1) gold, silver or other nonpolitical, supranational standards of value; and (2) paper currencies backed by political institutions' right to tax and the ability to enforce this right.
The storage strategies are as varied as the types of currencies you could carry, but a few stand out as being particularly secure.
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CEO of Professional Science Editing for Scientists @ prosciediting.com