RE: Bank rate in Oz negative, first time on record..why so much cash?11 Jun 2021 08:40
I suppose if for example the $ or most Fiat currency fell of a cliff.
What would be acceptable for buying AU. OR Indeed any important commodity.
Gold.
More likely labour.
It would be like stepping back in time to the Mills that paid workers Tokens that could only be redeemed at the factory shop ,that sold flour mixed with chalk dust and other dub standard essentials. I suppose that was an early form of inflation
That really happened in the UK.
In the "Good old days".
Excuse me I am just letting my imagination wander.
Or is everyone really being tricked and scammed like never before in History.
Paper with nothing to back it ,is just paper.