bank note printing company De La rue announced a 38% drop in profits
and is restructuring there business model.
question is how can a company that actualy prints money be it notes or coins actualy make any money when it is being paid in what it makes?
Can any else on here understand the screwed up mentality of this ?
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fluffybunnykiller Is feasting on the clitoris of life, Thu 3 Dec 2015, 10:39,
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There's a lot more money out there than there is cash.
Next they'll be demanding that all cars and houses are paid for with paper money.
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Prufrock Lucifer, son of the morning!, Thu 3 Dec 2015, 10:45,
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Company provides a manufacturing service, company is then paid.
Demand for their product is dropping due to competition from technology companies. This is not a complex scenario.
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DinivanX Has stinging piss after drinking Pact Coffee, Thu 3 Dec 2015, 10:48,
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i don't understand, how come they don't just pay themselves
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cumquat may will not be commenting further on the allegations, Thu 3 Dec 2015, 11:18,
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No your not getting the point of the question
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.
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fluffybunnykiller Is feasting on the clitoris of life, Thu 3 Dec 2015, 13:13,
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I think I get you
Why would anyone buy a ten pound note for eleven pounds. That would be silly.
Edit: Even sillier if they paid cash!
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TheSundaeLunch I'm a fucking shrub, alright?, Thu 3 Dec 2015, 13:27,
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I know we dont use the gold standard and have nothing to actualy back our currancy with any more
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?
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fluffybunnykiller Is feasting on the clitoris of life, Thu 3 Dec 2015, 13:48,
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because
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)
Exactly...
The Bank of England Wizard Lords imbue it with their financial magic.
(, Thu 3 Dec 2015, 14:30, Share, Reply)
Not a Wizard but a Witch...the Queen in fact, who promises to pay the bearer the correct sum..
...the Queen does this by licking each note as it leaves the bank.
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transparenttown Dead to worse..., Thu 3 Dec 2015, 15:49,
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I think you're not understanding cash
...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.
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DinivanX Has stinging piss after drinking Pact Coffee, Thu 3 Dec 2015, 13:39,
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no i understand that and get that part of it
but the being paid in what you make bit
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fluffybunnykiller Is feasting on the clitoris of life, Thu 3 Dec 2015, 16:22,
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They make papery plastic to order
They are paid in money.
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DinivanX Has stinging piss after drinking Pact Coffee, Thu 3 Dec 2015, 16:40,
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and the fact each one is unique and can't be copied.
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JamTallons, Thu 3 Dec 2015, 19:41,
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I presume they are controlled in the amount they can produce
and are not allowed to just spend it themselves.
i.e they can't just say "Well we're a bit short this month" and then go and print £1m in cash to tide them over.
Just guessing, though...
(, Thu 3 Dec 2015, 10:59, Share, Reply)
No only the Bank of England can do that...
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barryheadwound Mul-ti-pass? Multipass!, Thu 3 Dec 2015, 11:08,
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I guess coz money has serial numbers so it can be accounted for.
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JamTallons, Thu 3 Dec 2015, 19:42,
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