I'm still struggling to understand this deprecession, despite the helpful illustrated guides on the BBC News website. Bear with me - money that only existed on paper...no, no, bad choice of word - all money does of course exist on paper...money that only existed on computer has disappeared, everyone is worried, despite these being only fictitious values ascribed to huge things that are never going to get sold cash in hand. The Government's solution is to come up with more money that only exists on computer and start metaphorically splashing it around.
The real crisis then stems from ordinary members of the public sitting at home wibbling instead of spending actual money that does exist. Craziness.
I always cheat when I'm the banker at Monopoly, why would anyone trust people who are playing with really real houses and not just the smug satisfaction of getting one over friends, siblings and mortal enemies? Seriously, is this the part in the game where Gordon Brown tells everyone the rules are just a guide and he offers you a pittance for whatever you're holding and you say yes because Indiana Jones is coming on and you want to make a sandwich with leftover Christmas dinner first? Is it?
3 hours ago
money that only existed on computer has disappeared
ReplyDeleteAnd to compensate, the government has created a new entry on a spreadsheet with a '1' and a load of zeroes behind it and has printed new notes to balance that entry. And we have to pay for it? What??
It does bring up some interesting questions, one finds.
ReplyDelete