Still dont get it.
Surely if 'they' printed enough money for everyone to have a million quid, we'd all be millionaires and not need to work or starve.
(
acab, Tue 15 Feb 2011, 15:55,
Share,
Reply)
I like your thinking
'they' have made it so everytime they print money they lend it with attached debt. So what happens when there is not enough money in circulation to cover the debt, if every time they issue it they attach debt to it? the debtor pays with real world asets like property and labour. they print paper and collect payment via assets. genius
(
Clay hopes this bit is long enough to promote my websi, Tue 15 Feb 2011, 16:01,
Share,
Reply)
I have chosen...
...to decide you are being funny.
If not, try exchanging your savings into Zimbabwean (or even something less dramatic but higher denomenation like Turkish) currency, and tell me if you suddenly feel like Roman Abramovich. Money isn't worth anything in itself, only in what you can exchange it for.
(
prince-igor si tacuisses, philosophus mansisses, Tue 15 Feb 2011, 16:03,
Share,
Reply)
Bank notes
aren't even money. They are just fancy IOUs.
(
TheSundaeLunch I'm a fucking shrub, alright?, Tue 15 Feb 2011, 16:17,
Share,
Reply)
Worse than that...
They are exchangable and tradable IOUs from the Bank of England.
Those buggers are more in debt than any of us, and they don't even know who to!
*shakes fist in anger*
(
prince-igor si tacuisses, philosophus mansisses, Tue 15 Feb 2011, 16:32,
Share,
Reply)