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Re: Oh my god.......
Posted by 'itpro' on 24 May 2010 @ 10:27

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itproJoined: August 2001
Total Posts: 6
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I love the simple elegancy of that suggestion: "Abolish Cash" but, in truth, that one is BOUND to fail (sadly). We'd all find wasy to 'trade' using something 'unofficial'. E.g., in Dubai. there really IS a cash machine which delivers micro-block of SOLID GOLD:-

http://www.youtube.com/watch?v=EClrSJqy92k

I don't know if you noticed but Britain has now banned the 'release' of 500 Euro Notes last week as they are drug-dealer's favourite demonitation. You can get E20,000 into a cigarette packet. Banning cash would mean that people would use the Euro.... or Dollars..... : we'd need to ban those, too!

We only accept the government near monopoly on issuing 'cash' while it's convenient; if the govt. stopped doing so, we'd use something else.

For your interest, did you know the REASON why we (err.... us older..... more educated..... people..... tee hee!) use the phrase: 'as rich a Croessus'? The reason is that King Croessus is creditted with INVENTING the idea of 'coinage' by backing the 'currency'. The 'stamp' (effectively a 'seal') of his 'head' on the coin was a 'guarantee' that it WAS a certain weight and it WAS a ceratin quality. It became effectively the first 'secure' trading system and he reaped a FORTUNE from the world.....

Ian

Message Thread:

Oh my god....... by 'itpro' (21 May 2010 @ 14:13)

Re: Oh my god....... by 'DavyBoy' (21 May 2010 @ 15:19)

Re: Oh my god....... by 'QuickOldTimer' (21 May 2010 @ 15:40)

Re: Oh my god....... by 'Newshound' (21 May 2010 @ 15:52)

Re: Oh my god....... by 'QuickOldTimer' (21 May 2010 @ 16:11)

Re: Oh my god....... by 'itpro' (22 May 2010 @ 1:17)

Re: Oh my god....... by 'QuickOldTimer' (22 May 2010 @ 12:20)

Re: Oh my god....... by 'itpro' (24 May 2010 @ 1:12)

Re: Oh my god....... by 'DavyBoy' (24 May 2010 @ 7:48)

Are you mad? by 'RotaxTim' (24 May 2010 @ 10:17)

Re: Oh my god....... by 'itpro' << You are here!

Re: Oh my god....... by 'QuickOldTimer' (24 May 2010 @ 10:36)

You guys crack me up by 'DavyBoy' (24 May 2010 @ 18:17)

Re: You guys crack me up... Explain by 'itpro' (24 May 2010 @ 20:22)

Re: You guys crack me up... Explain by 'DavyBoy' (24 May 2010 @ 20:38)

Re: You guys crack me up... Explain by 'itpro' (24 May 2010 @ 21:16)

Re: You guys crack me up... Explain by 'DavyBoy' (24 May 2010 @ 21:49)

DavyBoy - learn your history. by 'RotaxTim' (24 May 2010 @ 21:57)

Rotax Tim - the goldencock. by 'DavyBoy' (25 May 2010 @ 8:54)

Re: Rotax Tim - the goldencock. by 'Newshound' (25 May 2010 @ 9:09)

Re: Rotax Tim - the goldencock. by 'RotaxTim' (25 May 2010 @ 9:56)

Re: Rotax Tim - the goldencock. by 'itpro' (25 May 2010 @ 19:58)

Re: Oh my god....... by 'QuickOldTimer' (24 May 2010 @ 10:42)

Unemployment benefit by 'itpro' (24 May 2010 @ 11:04)

Re: Unemployment benefit by 'QuickOldTimer' (24 May 2010 @ 11:44)

Re: Unemployment benefit by 'itpro' (24 May 2010 @ 12:30)

Re: Unemployment benefit by 'QuickOldTimer' (24 May 2010 @ 13:24)

Re: Unemployment benefit by 'merv' (24 May 2010 @ 13:42)

Re: Unemployment benefit by 'QuickOldTimer' (24 May 2010 @ 13:58)

Re: Unemployment benefit by 'merv' (24 May 2010 @ 22:23)

Re: Unemployment benefit by 'itpro' (24 May 2010 @ 15:21)

Re: Unemployment benefit by 'QuickOldTimer' (24 May 2010 @ 16:24)

Re: Unemployment benefit by 'itpro' (24 May 2010 @ 17:24)

Poverty line by 'RoadRat' (26 May 2010 @ 14:59)

Re: Poverty line by 'itpro' (26 May 2010 @ 15:13)

Re: Poverty line by 'RoadRat' (26 May 2010 @ 17:55)

Re: Poverty line by 'itpro' (26 May 2010 @ 23:58)

Re: Oh my god....... by 'Newshound' (21 May 2010 @ 15:41)

Re: Oh my god....... by 'Gillard77' (21 May 2010 @ 16:04)

Re: Oh my god....... by 'PGB' (21 May 2010 @ 19:31)

Re: Oh my god....... by 'Newshound' (21 May 2010 @ 19:36)

Re: Oh my god....... by 'TeamKermit' (21 May 2010 @ 20:15)

who to blame! by 'LateBraker' (21 May 2010 @ 20:25)

Re: who to blame! by 'michaelg36' (21 May 2010 @ 22:06)

pfi by 'kudos' (21 May 2010 @ 22:33)

Re: who to blame! by 'itpro' (22 May 2010 @ 1:37)

Re: who to blame! by 'RoadRat' (22 May 2010 @ 16:11)

Late Braker by 'itpro' (22 May 2010 @ 1:44)

Still borrowing... by 'Chads' (22 May 2010 @ 2:28)

itpro by 'RotaxTim' (22 May 2010 @ 2:47)

ITPRO by 'LateBraker' (22 May 2010 @ 10:15)

Re: Oh my god....... by 'PaulMRotax' (22 May 2010 @ 11:20)

Ian..you should read Private Eye... by 'merv' (22 May 2010 @ 16:20)

Re: Ian..you should read Private Eye... by 'itpro' (24 May 2010 @ 1:06)

Re: Ian..you should read Private Eye... by 'merv' (24 May 2010 @ 13:32)

Re: Ian..you should read Private Eye... by 'itpro' (24 May 2010 @ 15:23)

Re: Ian..you should read Private Eye... by 'itpro' (26 May 2010 @ 11:52)

Re: Ian..you should read Private Eye... by 'merv' (28 May 2010 @ 10:49)

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