An Occupy protest has sprung up in Victoria Gardens Brighton oposite the King & Queen pub. A bunch of tents and some friendly people open for a chat. They had some good slogans. “Chose love over fear” and “All money is a matter of belief”.
I guess the latter has been true since governments came off the gold standard. Since then it is possible that, if the politicians and bankers screw up enough, people will lose all faith in money. They will see it for what it is: mere paper and numbers in computers. The problems is that millions of us, necessarily, have stakes in money in the form of investments, savings and pensions. However, these being hit by the current crisis the danger is that people do lose belief in the system. Like God, money requires faith. Without faith, it is nothing.