observer Posted March 31, 2013 Report Share Posted March 31, 2013 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? Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted March 31, 2013 Report Share Posted March 31, 2013 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. Quote Link to comment Share on other sites More sharing options...
Davy51 Posted March 31, 2013 Report Share Posted March 31, 2013 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. Quote Link to comment Share on other sites More sharing options...
observer Posted March 31, 2013 Author Report Share Posted March 31, 2013 Perhaps jewellery may be preferable to notes Cleo?! Quote Link to comment Share on other sites More sharing options...
Evil Sid Posted April 1, 2013 Report Share Posted April 1, 2013 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. Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted April 1, 2013 Report Share Posted April 1, 2013 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) Quote Link to comment Share on other sites More sharing options...
Davy51 Posted April 1, 2013 Report Share Posted April 1, 2013 So Cleo, you would gladly tell a jeweller to shove his gold & precious stones up his asp ! Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted April 1, 2013 Report Share Posted April 1, 2013 Why would I want to do that Davy? Quote Link to comment Share on other sites More sharing options...
Davy51 Posted April 1, 2013 Report Share Posted April 1, 2013 Because you have enough already. Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted April 1, 2013 Report Share Posted April 1, 2013 Yes, but, because I have enough jewellery as I want/need is no reason to be rude to jewellwers, surely? Quote Link to comment Share on other sites More sharing options...
Davy51 Posted April 1, 2013 Report Share Posted April 1, 2013 Your manners are impeccable Cleo . Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted April 1, 2013 Report Share Posted April 1, 2013 Well thank you kind sir, or if you prefer, shokran habibi. Quote Link to comment Share on other sites More sharing options...
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