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if i make some thing and give to some one in exchange for payment, how can what i give them have more value to me after i have given them it and they give it back to me?
over simplified to buggery.
( , Thu 3 Dec 2015, 13:13, Share, Reply)
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Why would anyone buy a ten pound note for eleven pounds. That would be silly.
Edit: Even sillier if they paid cash!
( , Thu 3 Dec 2015, 13:27, Share, Reply)
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except empty promises that have no value and are left with the notion that physical money has any value, it reminds me of a similar questionabout the NHS, how is it cheaper for a private company to do the work and and still charge to make a big profit when the NHS could do it and ponly needs to pay costs?
( , Thu 3 Dec 2015, 13:48, Share, Reply)
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Until they give it to the BoE it's just nicely printed paper, it's only when it's given to the BoE to put into circulation that it becomes money.
( , Thu 3 Dec 2015, 13:52, Share, Reply)
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The Bank of England Wizard Lords imbue it with their financial magic.
( , Thu 3 Dec 2015, 14:30, Share, Reply)
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...the Queen does this by licking each note as it leaves the bank.
( , Thu 3 Dec 2015, 15:49, Share, Reply)
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...Its worthless in and of itself. Its only the promise of the Bank of England (or Scotland!) that makes the plasticky paper note worth anything.
Simple.
( , Thu 3 Dec 2015, 13:39, Share, Reply)