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There's s docu called "the spiders web" on YouTube about city of London and it's workings, not happy viewing.
I'll check that out, ta.
My current feeling is it's all a massive house of cards / confidence based thing. This suggests a fragility that concerns me, as do the inequalities created in the clamour for wealth, & the endless need for short term resource exploitation to keep the system going at seemingly any planetary cost.
Anyway, I'll take myself over to the tin foil hat thread...
rhb-
If that's your tin foil hat it fits me too :)
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My current feeling is it's all a massive house of cards / confidence based thing
Fiat currencies always are. It's a house of cards propped up by optimism and collective self-delusion. Seems to work though, so fuck it. Unless you're advocating a return to the gold-standard, or making seashells or (DNA hat-tip) leaves legal tender there are remarkably few alternative workable options. Other than barter, which is kinda clunky on any sensible scale.
JWestland
Brommers
I'm more perhaps leaning towards euro coin skepticism until eurozone is better integrated.
Also not sure on how much city of London exchange work and dodgier dealings prop up £
There's s docu called "the spiders web" on YouTube about city of London and it's workings, not happy viewing.
But money doesn't smell as they say...
Had a wee look on Femis twitter can't find euro tweet :)