Ginger Harp Seal Pup wrote:
Meh. It doesn't really interest me to be honest. Money isn't everything. It's a shame that some people don't seem to realise that.
Money is everything, let me explain. "I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF FIVE POUNDS" is what is written on that crumpled £5 you have in your purse. Then underneath that statement is a signature of the chief cashier, Andrew Bailey, but maybe it is Merlyn Lowther because they're still in circulation.
The implication of that statement is that what is in your purse, or wherever you keep your money is only a promise of wealth, not actually wealth itself. If the economy crashed tomorrow, they wouldn't be worth no more than the paper they're printed on. The Bank of England is probably feeling smug right now, because they've handed out these bits of paper that say five pounds (or 10 pounds, etc.) on it, and you know, they got a bit arrogant in the end. If the entire population of Britain went down to the Bank, and demanded that they their five pounds worth, well, the Bank would be in a bit of a muddle, really; they can't actually afford to hand out what they've promised to the sixty million people residing in our island.
By using the paper notes the Bank hands out is to have faith in your country, whether you like it or not.
If the economy did crash tomorrow, you would be left with paper, and the Bank would have the gold and silver. (Hint: They win.)
To what I think, money (paper notes) is not everything, but merely an access to everything, including happiness.
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