So most people don't even understand the difference between paper money and liquid cash. Paper money is not interesting.They'll write about it in Forbes magazine.
That's clearly been true of money down the generations. Paper money , electronic money, there's no inherent value to it.It depends on trust.
which is about a trillion pounds, I guess. I mean, when you're talking about numbers that big, who knows? It's about a trillion pounds. Um, apparently in terms of paper money , if you remember that, it's enough to wrap around the world three times. Anyway, this is something that, you know, is is a is a mad figure to think about, isn't it? You know, Meta doesn't have that kind of money. I think I think the
Voila, you've turned a relationship of violent inequality into a relation where the victims are running around feeling inadequate all the time, making terrible apologies for themselves We will issue paper money and you will have to give 10 of those back to us every year." It was a way of creating a market.
Voila, you've turned a relationship of violent inequality into a relation where the victims are running around feeling inadequate all the time, making terrible apologies for themselves Similarly in China they invent paper money which originally comes out of the government taking credit instruments that people are using and adopting it themselves.
Which basically means, you have none. So most people don't even understand the difference between paper money and liquid cash. Paper money is not interesting.
The second thing, though, and that's-- you could, in effect, say, well, I could stick it under a mattress and do that. But you really can't in a world where you have paper money . And that means inflation.
You float the stuff in water and use various size screens to screen out layers of pulp -- thinner or thicker -- press it and dry it, and you've got paper. So, our paper can be as thin as tissue and as strong as paper money at the same time. Wilbur is folded from thicker paper, and when we fold the paper, we moisten it slightly sometimes. That's called "wet folding." You can see the stylistic difference. But that's in a nutshell what paper making
I had to set myself up to make paper on demand. So, I did a lot of research. Essentially, we use plant fibers, abaca, which is from a banana plant, or hemp -- really good, long, strong stuff, like they use in paper money . You grind that up in water. And then you can color it, use permanent pigments.