Tuesday, September 9, 2008
Sterling being seen as a dodgy currency
Local communities are starting their own currencies as they are worried about the stability of Sterling. In Totnes they are even considering issuing their own credit cards based on their local currency. A sign of things to come ? 'The next step is find someway to back the currency with something other than sterling ' Perhaps Gold ? one for the gold bugs out there. I can see this taking off . Wonder what the exchange rate to the Euro will be ? Any jokes about the Brixton Brick going up in smoke will be quashed ..