Now worth £5.50
The revolutionary government will need to think very carefully about the monetery system. Britain has been the world leader in many things in the past, certainly railways as we have already mentioned, but also ship building, car, motor-bike, and push-bike manufacture, canals, aircraft manufacture, my father was still carying a tiny prototype piece of concorde that he had made over 40 years earlier, when he died. Many things were invented in Britain, from the spinning jenny to ultrasound and the hover-craft. From this inventiveness and skills came world leading products, and the structure behind the industrial devopment. Lloyds of London was the world leading insurer, the city of London was the worlds financial centre, when it served enterprise. The Pound was made of gold and heald a steady value.
Why can’t England compete anymore? Because the international monetary system is rigged against it. There is a real problem in that workers in many counties have less social protection than in England, and I have already proposed many measures to counteract the effec tof this. There is also a problem caused by the monetry system itself. Several towns in Britain and elswhere have introduced local money, in a bid to keep money circulating in their own town. Examples are Bristol, Lexes, Brixton, and Stroud. All of them become worth less with time, either along with sterling or at a faster rate. The loss in value encourages a quick turn around of the money, and funds the costs of the system and maybe local charities. Many transition towns also encourage ecological projects.
These are brave attempts to support small business against international business and government tolerence of their massive tax avoidance. But for the economy to flourish properly, government action is required. Stability and fairness probably sums it up.
I’m now 76.2 KG just above the top end of my “ideal weight”. So it’s true, it’s supermarkets and government policy that makes people fat.
The price of silver has now reached £19.52
That gives a value of £ 5.45 for the silver shilling, still no increase, but 5.50 triggers the rise, so we could nearly be there.