Seemingly no one wants to pay tax yet the world could not operate if we did not. According to Duncan Watts in his book Six Degrees, ‘In not one country in the world is the payment of taxes a voluntary exercise.’ The question should be why? You should try running a country without it. Now … Continue reading Taxation is a thorny issue
Bitcoin free fall
Bitcoin is in free fall. Within a few minutes its price dropped by over 15%. Over the last month or so its value had been fairly stable at between £4,700 and £5,000. Not now, the last time I looked it was heading towards the £4,200 mark. It’s price may go up, it may go down … Continue reading Bitcoin free fall
Types of money
I used to think money was a simple thing. You got it out of the bank and it either jangled in your pocket or sat snuggly in your wallet until it became time to spend it. Money had a value which could be swapped for whatever could take your fancy. Someone once said to me … Continue reading Types of money
Where does the money come from?
I have earned my money through my own toil. I put it in the bank and they pay me a small amount of money for the privilege. That is very kind of them yet I wonder where this money comes from. Of course they lend it out to other people to buy a car, or … Continue reading Where does the money come from?
Don’t buy a bitcoin
Don’t buy a bitcoin. In fact don’t buy any cryptocurrency. They are not really worth anything, at least that is what the financial institutions are telling us. They are not like gold, or any other commodity, that is tangible. You can’t hold a bitcoin in your hand or feel it rattle in your pocket as … Continue reading Don’t buy a bitcoin
Bitcoin is in a bubble. That is obvious to anyone who has even the passing interest in cryptocurrencies. Money is pouring into the currency faster than Noah’s flood. Cyberspace is filled with commentary on every fluctuation and stutter yet the majority of what is said is babble, fill or rubbish. My interest in cryptocurrencies is … Continue reading Bitcoin babble
Remember when we had banks
Oh no, I have got a cheque. I’ll have to traipse down to the bank and put it into my account but there hasn’t been a branch of my bank in Morpeth for years. The nearest must be ten kilometers away. I’ll leave it until I go into town next. Even though the branch on … Continue reading Remember when we had banks
Hasn’t he done well?
We were sitting in a small group, a break out from the main session that we had been attending. I forget what it was about but probably some developmental workshop in a place that I cannot recall. We were chatting away, each of us trying to pick the correct moment to interject and put our … Continue reading Hasn’t he done well?