Quote:
Originally Posted by Boeing Guy
You don't need to rely on paper money, the money that is printed and minted is based on trust. That you can use it to pay for other goods and services.
However if you want to resort to carrying large amounts of gold around, let me know, I am always after some more 
We live in a society where you need money to get by. What you think of it is irrelevant, we stopped bartering a long time ago.
It may be unfair, but it's better than the alternative. |
a long time ago folk put gold in the bank and started using Pnotes because they tought they were "as good as gold" but there was a raise in inflation untill Pnotes were worth less than the paper there wrote on so they had to work harder to earn less.... and the best bit of the story is the bank started printing more Pnotes than it had gold and loaned it out (with a tidy profit of course) ..... moral of the story being if everyone did want to exchange there Pnotes the bank could'nt exchange them for anything more than Pnuts
