I don't understand economics a great deal, but I understand enough to know that Britain is in a huge mess as is the rest of the world by all accounts.
One year ago the exchange rate for British pounds to Sri Lankan rupees was 225, today it's down to 164. I'm sure it's the same for every other forgein currency.
What on earth are the governing institutions playing at?
Another question is - Where has all the money gone to? Somebody must be sitting on it somewhere. Or is it as I have suspected all along that it doesn't really exist and it's just numbers that are transferred between computers. How many people actually use real money these days anyway?
Thursday, November 13, 2008
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