Jump to content
Sign in to follow this  
observer

Trust?

Recommended Posts

Our use of paper money, as opposed to barter, is based on "trust". We trust the State to honour the value of a piece of paper, and trust everyone else to do the same. However, now that Banks are clearly a risk factor, if we take Cyprus as an example, do you still "trust" the system? Or are we drifting back into barter or the new "bitcoin" virtual money that's been invented by a computer hacker - perhaps even more iffy?

Share this post


Link to post
Share on other sites

I would buy myself a safe. Withdraw all my savings from the bank before any government could get their hands on it and keep it in the safe at home.

Share this post


Link to post
Share on other sites

Apparently the next house of cards likely to feel the effects of the monopoly  money debacle  will be Slovenia due to spiraling inflation affecting its Euro loan repayments.

Share this post


Link to post
Share on other sites

in these days of debit and credit card transactions for most purchases. How much folding money do people actually handle these days. Wages are paid into banks by electronic transfer so the days of somebody handing you a pay packet are long gone (unless you are working cash in hand that is), More and more household bills insurances etc are being paid by direct debit or standing order and people can check their balance statement at an atm, online or even on their phone. It would appear that most money today is "virtual" money.

Share this post


Link to post
Share on other sites
Perhaps jewellery may be preferable to notes Cleo?!

 

Not for me. I already have enough gold and diamonds. More than I shall wear again any more than a times. I want money (as Flying Lizard sang)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...